Microsoft's Summary of Changes to the license states: "Updated Acceptable Use Policy to clarify that mining cryptocurrency is prohibited without prior Microsoft approval." Within the license itself, there was hardly any more info, say the reports.
FTX bankruptcy news: Beleaguered crypto exchange FTX recently admitted that "unauthorised transactions" have drained hundreds of millions of dollars from its wallets, saying the company has moved many digital assets to a new "cold wallet custodian".
Union Finance Minister Nirmala Sitharaman highlighted eight areas for consideration during India's G20 presidency, which will start on December 1. These topics included multilateral institution changes and food and energy security.
Hackers have stolen nearly $568 million from the firm. Binance CEO Changpeng Zhao said in a tweet that the company estimates the impact of the breach to be between $100 million and $110 million.
ED sources said the crypto exchanges didn't complete the KYC process of their investors. When the ED traced a few investors on the basis of their KYC, they reportedly turned out to be fake.
RBI had registered its concern over the adverse effect of cryptocurrencies on the Indian economy, the Finance Minister said.
The new cryptocurrency malware has been tricking users to download software, which will steal the data from 30 crypto wallets of the user and browser extensions as well.
Last month, Celsius paused all withdrawals, Swap, and transfers between accounts citing 'extreme market conditions'.
The government is in the process of finalising a consultation paper on cryptocurrencies after gathering inputs from various stakeholders and institutions. Reserve Bank of India (RBI) has been flagging concerns about cryptocurrencies, which are seen as a highly speculative asset.
KuCoin said that the new awareness programme #ThinkBeforeYouInvest has been launched keeping in mind the needs of the new crypto investors.
CoinDCX said it is backed by global investors and assured investors that their funds are completely safe.
On Monday, just a day after Musk's tweets, the cryptocurrency zoomed 9 per cent. For the past few months, the digital currency had lost over 80 per cent of its value from the all-time high that it reached in May 2021.
The latest crypto crash is happening as investors are afraid of global macroeconomic conditions and the US Federal Reserve is trying to curb rising inflation.
Bitcoin (BTC) Price Prediction: Bitcoin, the world's largest cryptocurrency by market cap, has slipped to $20,000.
Crypto market cap: The meltdown in the cryptocurrency market has erased tens of billions of dollars. The prices of Bitcoin and other crypto-assets have declined by 20 to 40% in the past seven days.
Crypto Crash News Update: The global cryptocurrency market cap slipped to $1.04 trillion from $3 trillion around six months ago, according to data on CoinMarketCap on Monday morning.
Cryptos and other virtual digital assets are unregulated in India and are considered extremely risky.
Economic Affairs Secretary Ajay Seth said inputs from various stakeholders and institutions, including the World Bank and the IMF, have been incorporated in the consultation paper on cryptocurrencies.
Discussing the impacts of cryptocurrency, the RBI officials said it will have a negative impact on the banking system as these being attractive assets people may invest their hard-earned savings in these currencies which may result in banks having lesser resources to lend.
The slide in the value of digital assets comes as stock markets around the world also dropped in recent days. On Monday, some Asian markets headed lower again with Japan's benchmark Nikkei index down by around 2 percent.
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