Jun 25, 2022 09:59 AM IST

Tether: The coin that could wreck crypto

Concern is mounting over another potential vulnerability in the crypto market: Tether, a company whose namesake currency is a linchpin of crypto trading worldwide

Top Cryptocurrency News Today: The biggest moves in Bitcoin, NFTs, DeFi and more

A daily round-up of the most interesting articles on cryptocurrencies like bitcoin, ethereum, and tether to help you jump-start the day

Officers committee suggests deferment of decision on levying GST on crypto

The Fitment Committee in its report to the GST Council has suggested that a law on regulation of cryptocurrency is awaited and it would be essential to identify all relevant supplies associated with the crypto-ecosystem, besides classification on whether they are goods or services.

Harsh Goenka’s post on Bitcoin investor has a hilarious twist in the end

Traders are losing sleep over the carnage in the crypto market – but there is at least one Bitcoin investor who is “sleeping like a baby.”

Why cryptocurrencies are falling from their peak; should investors book profit or buy the dip?

They had a phenomenal rise in 2021-22, but Bitcoin, Ethereum and other cryptocurrency prices have since crashed. Savvy investors can adjust to this volatility, but new ones, who took a fancy to cryptocurrencies because of their past returns, have their work cut out. Here’s what you should do.

Crypto lender Babel Finance wins debt repayment reprieve after withdrawal freeze

Cryptocurrency valuations have plunged in recent weeks as investors dump risky assets in a rising interest rate environment. Bitcoin BTC=BTSP, which reached a record high of $69,000 in November, lost more than half its value this year.

Crypto market starting to see even old-timers ‘panic selling’

A measure called the spent output profit ratio, which tracks how much profit has been realized from market activity in digital currencies on a blockchain on any given day, has declined to its lowest level in a year, according to Glassnode data.

Crypto unicorns are on notice as VC backers gird for slump

The startups backed by these investors have floundered amid a crippling market downturn. Layoffs have swept across some of the biggest names in blockchain such as Coinbase Global Inc., Gemini Trust Co. and Crypto.com.

Elon Musk hints there's 'more down the road’ for Dogecoin after Tesla, SpaceX merch

When dogecoin’s co-creator Billy Markus said that he wants that people actually “use it for something... so it has a reason to exist,” Musk wrote: “Tesla and SpaceX merch, maybe more down the road.”

Bitcoin drops below $20,000 to lowest since December 2020

The biggest cryptocurrency was down 7.1% to $18,993 at 0906 GMT, having earlier touched $18,732, its lowest since December 2020.

Panama’s President vetoes Bill to regulate crypto assets

Says, the project conflicts with the country’s existing laws; won’t sign the bill without additional anti-money laundering rules

Bitcoin veterans keeping their eyes on $19,511

Cryptocurrencies have tumbled this year, with prices of some digital assets falling as much as 90% as the Federal Reserve raises interest rates to combat rampant inflation.

Bill Gates blasts crypto, NFTs as based on ‘greater-fool’ theory

“Obviously, expensive digital images of monkeys are going to improve the world immensely,” Gates said sarcastically while speaking at an event in Berkeley, California hosted by TechCrunch. He said he’s neither long nor short the asset class.

Coinbase slashes 1,100 jobs as crypto winter sets in

The cryptocurrency market has been roiled by extreme volatility as investors dumped risky assets on fears that higher inflation readings would force the U.S. Federal Reserve to turn more aggressive in raising interest rates and tip the economy into a recession.

Crypto Crash Decoded | What's bothering Bitcoin and the rest?

The crypto industry is having one of its worst days ever as Bitcoin and Ethereum crash nearly 18%. Watch Karunya Rao and Manisha Gupta decode dynamics for you.

Crypto lending platform Nexo offers to buy assets of rival Celsius

The offer to buy Celsius's assets ends on June 20.

Crypto Lending Firm Celsius Pauses Withdrawals, Tanks 50%

The firm,led by American entrepreneur Alex Mashinsky had about $12 billion in customer assets as of May across 1.7 million users.

Mastercard to allow NFT purchases with cards

A survey showed that people interested in buying digital tokens want more flexibility — being able to pay with crypto for everyday purchases or using a credit or debit card to buy an NFT.

Crypto currencies yet to pass test of fiat currency: CEA Anantha Nageswaran

V Anantha Nageswaran further said that unlike fiat money, crypto currencies cannot satisfy basic requirements such as having store value, widespread acceptability and unit of account.

Chief economic adviser echoes central bank: Crypto and DeFi are regulatory arbitrage, not financial innovation

The government and the Reserve Bank of India continue to be on the same page on crypto, with the chief economic adviser latest to question crypto after some stinging remarks by central bank officials.

Consultation paper on crypto almost ready, says Economic Affairs Secretary Ajay Seth

The release of the crypto consultation paper would put an end to some of the uncertainty that has gripped the sector.

Moneycontrol Selects: Top stories this evening

Our specially curated package of the most interesting articles of the day will help you stay at the top of your game.

Top Cryptocurrency News Today: The biggest moves in Bitcoin, NFTs, crypto rules and more

A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum, and NFTs to help you jump-start the day.

This crypto winter will be long, cold and harsh

A crypto first? What happens when a blockchain like Terra dies

Along the way, incentives for various parties to support the chain evaporated, sending the ecosystem that nurtured more than 110 applications connected with more than 4 million digital wallets into disarray.