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Read more about ED slaps FEMA notice against India s largest crypto exchange WazirX on Business Standard. The show cause notice is for transactions worth Rs 2,790.74 crore, the ED said. ....
Read more about Jack Dorsey plans a hardware Bitcoin wallet for customers of Square on Business Standard. Bitcoin is currently on a tumultuous ride thanks to Tesla CEO Elon Musk. ....
Cryptocurrencies fought back on Monday, clawing back ground after a bout of weekend selling fuelled by further signs of a gathering Chinese crackdown on the emerging sector. Bitcoin climbed as high as $37,391 after falling some 7.5% a day earlier, and was last up 5%. Second-largest cryptocurrency ether jumped more than 10% to as high as $2,321, erasing losses of 8.6% on Sunday that pushed it to near a two-month low around $1,730. The catalyst for the slump was cryptocurrency miners , who mint cryptocurrencies by using powerful computers to solve complex maths puzzles, halting Chinese operations in the face of increasing scrutiny from authorities. The attention on Chinese miners - who account for some 70% of supply - is the latest front in a wider push by Beijing against the cryptocurrency sector. ....