Page 5 - Crypto Trading
Crypto industry's winter deepens as trading volumes plunge, funds dry up
Volumes tumble over 80% in Jan-Sept; several entities receive 'drawdown notices' from investors
 "Crypto industry's winter deepens as trading volumes plunge, funds dry up")
Crypto hacked again in $100 million theft of Binance-backed blockchain
An exploit occurred on a bridge between blockchains and the issue is "contained now," Changpeng "CZ" Zhao, billionaire co-founder of Binance, the world's biggest crypto exchange, said on Twitter
 "Crypto hacked again in $100 million theft of Binance-backed blockchain")
Crypto weekly wrap: Binance hack, inflation fears keep volatility high
The biggest news of the crypto world this week was that roughly $100 million of Binance Coin was stolen by hacking. It has sent the price of Binance down by 4 per cent
 "Crypto weekly wrap: Binance hack, inflation fears keep volatility high")
Over 51% of daily Bitcoin volume on crypto exchanges fake: Report
More than 51 per cent of the total Bitcoin trading volume on various crypto exchanges this year is fake amid volatile global economic conditions, a new report has claimed
 "Over 51% of daily Bitcoin volume on crypto exchanges fake: Report")
Crypto losses reach $428 million in Q3 globally; hacking cases top concern
The world saw crypto losses up to $428 million in the third quarter (Q3), down 36 per cent from Q2, from hacks and frauds, a new report has shown
 "Crypto losses reach $428 million in Q3 globally; hacking cases top concern")
More than 12,000 crypto coins become zombies in market slump: Report
Most blockchain projects are built around bespoke digital coins, which often function as user rewards and compensate developers for their woring them inck, giventive to stay involved
 "More than 12,000 crypto coins become zombies in market slump: Report")
Six months on, crypto tax leading to siphoning of India's wealth: Experts
The crypto industry is largely unregulated in India, and the central government, along with the Reserve Bank of India (RBI), have repeatedly refused to make cryptocurrencies legal
 "Six months on, crypto tax leading to siphoning of India's wealth: Experts")
Will rate hikes spell more trouble for crypto markets?
The US Fed's aggressive monetary tightening policy has spelt trouble for the crypto markets. Find out the road ahead for the crypto markets, as global central banks affirm to higher interest rates
Celsius Network CEO Alex Mashinsky resigns from bankrupt crypto firm
The price of the Celsius token fell 7% to $1.37 following the announcement, according to CoinMarketCap
 "Celsius Network CEO Alex Mashinsky resigns from bankrupt crypto firm")
Bank, crypto apps under attack: Everything you must know about SOVA virus
A new version of the Trojan virus, SOVA, has reportedly targeted over 200 mobile banking and crypto apps and is stealing their login credentials, and cookies
 "Bank, crypto apps under attack: Everything you must know about SOVA virus")
Fast-tracking of status on cryptocurrency assets may be in works
India, like many other countries, is currently not FATF-compliant on crypto assets
Crypto wrap: 'Merge' in focus, inflation figures still key, say experts
Bitcoin, the largest crypto token by market capitalisation, was trading at $21,750 on Friday. On Monday, it had briefly hit the $25,000 mark
 "Crypto wrap: 'Merge' in focus, inflation figures still key, say experts")
Binance gains big as crypto traders flee Indian exchanges to escape taxes
Downloads of Binance's app in India jumped to 429,000 in August, the highest this year and almost triple that of runner-up CoinDCX,
 "Binance gains big as crypto traders flee Indian exchanges to escape taxes")
Crypto weekly wrap: Despite gains, experts want investors to wait and watch
Ahead of much anticipated "Merge" Ethereum will be on the radar of the investors, however, it may not perform as good as it is expected to, experts said
 "Crypto weekly wrap: Despite gains, experts want investors to wait and watch")
Crypto traders in bullish mode despite hawkish Fed comments on inflation
Bitcoin, which accounts for about 40% of the estimated market value of all cryptocurrencies, traded last week within a range of about 5.4%, the narrowest since October 2020
 "Crypto traders in bullish mode despite hawkish Fed comments on inflation")
Crypto weekly wrap: Bitcoin to rise once it reaches $20,400, say experts
For Ethereum, which is scheduled to go for 'The Merge' on September 6, will likely break out of the $2,000 level before the event, experts suggest
 "Crypto weekly wrap: Bitcoin to rise once it reaches $20,400, say experts")
Crypto.com accidentally refunds over $7 mn instead of $68 to customer
Due to an unfortunate typo, cryptocurrency exchange Crypto.com mistakenly issued a customer A$10.5 million ($7.2 million) rather than the expected A$100 ($68), media reports say
 "Crypto.com accidentally refunds over $7 mn instead of $68 to customer")
Over half of Bitcoin's daily trading volume fake globally: Report
More than half of all Bitcoin daily trading volumes are reportedly fake, as the world's largest cryptocurrency nosedives again amid global economic turmoil
Crypto wrap: Expect high volatility as inflation still a worry, say experts
Volatility in the crypto market comes at a time when the share markets too were showing high volatility, globally
 "Crypto wrap: Expect high volatility as inflation still a worry, say experts")
The sleuths who protect cryptocurrencies from hackers are raking in money
As mass firings become the norm elsewhere in crypto, they're boosting hiring, raising prices and taking in fresh funding
 "The sleuths who protect cryptocurrencies from hackers are raking in money")
