India’s Union government has released an additional ₹1,09,019 crore ($12.5 billion) in tax devolution to state governments. The early transfer gives states access to funds more than a week before the regular August payment. The move aims to accelerate infrastructure and development spending. However, the additional liquidity could also have indirect effects on financial markets,
The BIP-110 soft fork proposed by Bitcoin has not been successful in gaining the necessary support from the community as some well-known Bitcoin supporters like Michael Saylor, Adam Back and JAN3 CEO Samson Mow are strongly against it. The proposal was to temporarily block the non-payment data on the Bitcoin blockchain but never went on
Bitcoin’s rejection from $65,239 keeps the short-term outlook under pressure, with support levels at $63,268, $62,180 and the $60,000-$61,000 region. $BTC could first rebound toward the $67,000-$68,000 monthly imbalance zone, but failure to reclaim higher resistance would preserve the bearish scenario. Bitcoin Reversal From $65,239 Keeps Lower Targets in Focus Bitcoin reached the chart’s preferred
Bitcoin, the pioneer cryptocurrency that was created to be digital money, is now failing to become a payment method. MARA CEO Fred Thiel, whose Bitcoin mining company holds more than 36,300 $BTC, says Bitcoin has missed its chance as a payment method. He says that stablecoins are now better suited for everyday transactions while Bitcoin’s
Crypto just closed one of the ugliest earnings weeks in its short public-market history. Strategy, the largest corporate holder of Bitcoin on the planet, reported an $8.22 billion net loss for the second quarter. Coinbase followed with a $359 million loss and its third consecutive revenue miss. And Bitcoin, the asset underneath both stories, spent
Corporate blockchains are multiplying, but Coinbase CEO Brian Armstrong expects the boom to end in consolidation rather than coexistence. Over the past year, several corporate institutions and Wall Street giants, including Stripe, Circle, and Robinhood, have developed rails for stablecoins and institutional markets. Their expansion has revived concern that regulated companies with established distribution could
A zero-knowledge proof lets one party prove to another that a statement is true without revealing any information beyond the truth of the statement itself. It is the cryptographic technique behind blockchain privacy, scalable rollups, and a growing number of identity verification systems. The standard explanation of zero-knowledge proofs uses the cave analogy. Ali Baba
The Indian rupee strengthened for a sixth consecutive session on Friday, closing at ₹95.35 against the US dollar, up 15 paise from Thursday’s ₹95.50 close, itself a 26 paise gain marking the fifth straight session of gains. Why the Rupee Keeps Rising Sustained RBI dollar selling combined with a shift in foreign portfolio investor behavior
Strategy Founder and Executive Chairman Michael Saylor believes Bitcoin is at a key inflection point right now, one that could mark its bottoming phase. During Strategy’s Q2 earnings call on Thursday, Saylor claimed that $BTC had dropped to its 200-week Moving Average (MA). In saying so, he urged investors to take advantage of the signal
Bitcoin is currently hovering at around $62.9K. The $BTC chart is forming a bearish engulfing pattern. The dominant digital asset, Bitcoin ($BTC), is currently trading at $62,984 with a session range between $62,410 and $64,432. Meanwhile, its trading volume is sitting at $27.84 billion, with the $BTC market having seen $97.62 million in liquidations over