Concern is mounting over another potential vulnerability in the crypto market: Tether, a company whose namesake currency is a linchpin of crypto trading worldwide
A daily round-up of the most interesting articles on cryptocurrencies like bitcoin, ethereum, and tether to help you jump-start the day
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.
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.”
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.
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.
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.
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.
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.”
The biggest cryptocurrency was down 7.1% to $18,993 at 0906 GMT, having earlier touched $18,732, its lowest since December 2020.
Says, the project conflicts with the country’s existing laws; won’t sign the bill without additional anti-money laundering rules
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.
“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.
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.
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.
The offer to buy Celsius's assets ends on June 20.
The firm,led by American entrepreneur Alex Mashinsky had about $12 billion in customer assets as of May across 1.7 million users.
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.
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.
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.
The release of the crypto consultation paper would put an end to some of the uncertainty that has gripped the sector.
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A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum, and NFTs to help you jump-start the day.
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.