Bitcoin and crypto markets crash on US crackdown reports

It hit a day-low of $53,302 in the early hours of Sunday.

Bitcoin’s flash crash saw a new record in liquidations, resulting in more than one million positions being wiped off the books.

It added that, among other risks, cryptocurrencies “may cause non-recoverable losses for the parties to the transactions” due to the lack of regulation.

Earlier in 2021, the market value of all bitcoin in circulation hit $1trn for the first time, after a more than 800% surge.

But it is not the only cryptocurrency doing well.

India’s sugar consumption during the peak demand season is set to fall for a second straight year after various states imposed restrictions including restaurant and shop closures to halt rising cases of COVID-19, industry officials told Reuters.

In the latest edition of IPL on Pod, Firstpost’s Ujwal Singh, Shubham Pandey and Jigar Mehta analyse the week gone by in 14th edition of Indian Premier League.

A stalker who claims pop star Taylor Swift is communicating with him on social media was arrested on a trespassing charge after trying to break into the singer’s Manhattan apartment, police said Monday.

Britain stepped up efforts on Monday to look at the case for a digital pound in response to the challenge posed by cryptocurencies such as bitcoin, and outlined plans to make its financial market more attractive after Brexit.

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Translation tools from Alphabet Inc’s Google and other companies could be contributing to significant misunderstanding of legal terms with conflicting meanings such as “enjoin,” according to research due to be presented at an academic workshop on Monday.

The deal, which was announced in September, puts a vital supplier to multiple silicon chip makers under the control of a single player, generating pushback from regulators and rivals to Nvidia, the biggest U.S.

Four drugmakers are set to face trial on Monday in a lawsuit by several large counties in California that are seeking more than $50 billion over claims the companies helped fuel an opioid epidemic by deceptively marketing addictive painkillers.

But the city is facing shortages of oxygen and some medicine, according to Chief Minister Arvind Kejriwal, who told reporters that the new stringent measures being imposed were required to “prevent a collapse of the health system,” which had “reached its limit.” Just months after India thought it had seen the worst of the pandemic, the virus is now spreading at a rate faster than at any other time, said Bhramar Mukherjee, a biostatistician at the University of Michigan who has been tracking infections in India.

Brazil’s economic activity surged in February, a central bank index showed on Monday, one of the strongest gains on record and a sign that the economy had been humming along nicely before it was hit by a deadly second wave of the COVID-19 pandemic.

Asia-Pacific Fetal and Neonatal Care Equipment Market are expected to register a 9.

Tencent, China’s biggest social media and video games company, said its investment would fund initiatives in areas including basic science, education innovation, rural revitalisation, carbon neutrality, food, energy, and water provision, assistance with public emergencies, technology for senior citizens and public welfare.

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