Bitcoin News and Finance: What You Need to Know

India is now the world’s fifth-largest economy after surpassing the U.K., the latest data from the International Monetary Fund (IMF) shows. India’s former chief economic advisor expects the country to become the world’s third-largest economy by 2028-30. India Becomes 5th Largest Economy in the World India has leaped past the U.K. and become the fifth-biggest economy, Bloomberg reported Friday, citing IMF’s GDP data and historic exchange rates. According to this estimation, the former British colony surpassed the U.K. in the last quarter of 2021 and is now behind only the U.S., China, Japan, and Germany in terms of the size of its economy. A decade ago India was the 11th largest. “On an adjusted basis and using the dollar exchange rate on the last day of the relevant quarter, the size of the Indian economy in ‘nominal’ cash terms in the quarter through March was $854.7 billion. On the same basis, the U.K. was $816 billion,” the publication explained. Many people in India welcome th...

A great deal of digital currencies are down in value during the last 30 days and the worst performing crypto out of the top ten coins with the largest market valuations was solana, losing 19.12% against the U.S. dollar. Bitcoin was the second biggest loser in the top ten, as the leading crypto asset shed 12.71% in USD value this month. Despite Mid-August Pump, Crypto Economy Shrank by $102 Billion Last Month Crypto assets saw a decent rise on August 14, 2022, as bitcoin (BTC) jumped over the $25K zone and ethereum (ETH) surpassed $2K per unit. Despite the jump in value, BTC shed 12.71% in the last 30 days from Wednesday, August 3, 2022, up until Friday, September 2, 2022. Ethereum’s monthly loss was less brutal after ETH took a 2.75% hit against the U.S. dollar. BNB lost ​​7.02%, XRP dropped 10.53% against the dollar, and ADA slid 9.34%. Solana (SOL) was the biggest loser out of the top ten crypto assets as it lost 19.12% against the dollar. The tenth largest crypto asset,...

Despite a largely volatile session, there have been a few tokens which managed to evade the red wave. Cardano rose to its highest level in over a week to start the weekend, as prices moved toward a key resistance level. Filecoin was another notable gainer, climbing by over 12% on Saturday Cardano ( ADA ) Cardano ( ADA ) was back in the green on Saturday, as the token rallied following recent declines in price. Following a low of $0.4499 on Friday, ADA /USD surged to an intraday high of $0.4769 to start the weekend. The move sees cardano move closer to its long-term resistance level of $0.4800, as bulls take prices away from a floor of $0.4430. Looking at the chart, the rally comes as the 10-day moving average (red) continues to trend sideways, after a spell of downward movement. This signals a possible end to the bearish spell we saw in mid-August, where price went from $0.5811 to $0.4343 in a space of four days. As of writing, ADA is now trading at $0.4742, with the 14-day re...

Following a brief rally above $20,000 and $1,600 respectively, bitcoin and ethereum fell below these levels to start the weekend. The decline comes as momentum surrounding yesterday’s nonfarm payrolls report faded. Bitcoin moved closer to its support point of $20,500, while ethereum was trading close to its floor of $1,550. Bitcoin Bitcoin ( BTC ) was back below $20,000 to start the weekend, as prices of the token moved closer to a key support point. Initial bullish momentum following last month’s payrolls has seemingly faded, with markets gearing up an economic downturn. Although Friday’s figure of 315,000 jobs was better than expected, this was lower than July’s number of 528,000. As a result of this, BTC /USD slipped to a low of $19,779.55 on Saturday, less than 24 hours after trading at a peak of $20,401.57. Looking at the chart, bitcoin is now on the cusp of colliding with its price floor of $19,500, which hasn’t been broken since July 16. However, should the relative stre...

A Russian bank, one of the country’s largest by assets, has conducted a successful trial with digital ruble transactions processed through its mobile app. The state-owned Promsvyazbank was one the institutions placed under Western sanctions earlier this year in connection with Moscow’s actions in Ukraine. Russian Bank Experiments With Digital Ruble Transfers via Mobile Application Promsvyazbank (PSB) is one of the first Russian lenders to join the trials of the central bank digital currency ( CBDC ) issued by the Bank of Russia. According to a report by the business news outlet Plus Journal, the bank has recently tested digital ruble transactions through its app for mobile devices. To carry out the operations, participants had to pass a registration in the application and set up a digital wallet. Then, using their account, they were able to exchange regular electronic bank money for digital rubles and transfer digital cash to other clients of the bank as well as those of other bank...

American actor and comedian Bill Murray saw 119.2 ethereum drained from his wallet on September 1, 2022, after Murray held a non-fungible token (NFT) charity auction. Statistics show that most of the tokens and NFTs in Murray’s wallet have been moved, and roughly $556 in token value remains. Bill Murray Loses 119 Ethereum to Hackers — Comedian’s Team Is Working With Law Enforcement, Chainalysis On Thursday, Bill Murray, the popular actor and comedian best known for his appearances on Saturday Night Live and The National Lampoon Radio Hour, saw 119 ether siphoned from his wallet. The story was first reported by Coindesk and author Eli Tan notes that onchain data and “details from Murray’s team” explain his wallet was drained at around 7:00 p.m. (ET) on Thursday evening. Data from dappradar.com’s portfolio tool indicates that Murray’s wallet has roughly $556 in tokens and NFTs still held in the wallet at 7:00 p.m. (ET) on September 2. A large portion of Murray’s portfolio has been...

Anti-government hackers have attempted to sell what they say is an NFT of Belarus President Alexander Lukashenko’s passport. The members of the ‘Belarusian Cyber Partisans’ collective claim to have obtained the passport data of all of the country’s citizens. Cyber Guerrillas From Belarus Try to List NFT Passport Collection on Opensea A hacking group known as ‘Belarusian Cyber ​​Partisans’ have bragged about gaining access to a government database storing the passport details of every citizen of Belarus, including high-ranking officials like the country’s long-term head of state, Alexander Lukashenko. The hackers have released a collection of non-fungible tokens ( NFTs ) called “Passports of Belarusians,” which also is said to contain the passport data of the country’s president and his close associates. The group further tried to list the collection on leading NFT marketplace Opensea, but the platform removed it as a violation of its terms. 🧵1/3🔥For the 1st time in human histor...