Page 19 - Cryptocurrency

Bitcoin heading to zero, says China state media amid global crypto downturn

Chinese state-run newspaper The Economic Daily earlier justified China's ban on cryptocurrency trading by taking examples of the collapse of stablecoins terraUSD and luna whose value reached zero.

Apart from market malaise, crypto also facing a number of security risks

North Korea's hackers have been become increasingly sophisticated over the past decade, managing to steal an estimated $2 billion worth of cryptocurrency to date

TMSEp201: Sri Lanka crisis, crypto, housing finance cos, President election

How's Sri Lankan crisis impacting Indian businesses? What's next for cryptos in India after TDS clarity? Will rising interest rates affect HFCs? How is the President of India elected? Answers here

Crypto broker Voyager Digital lowers daily withdrawal limits to $10,000

The change comes after the company on Wednesday said its subsidiary may issue a default notice to Three Arrows Capital Ltd if the cryptocurrency hedge fund fails to repay its loan

Top Headlines: TDS levy on cryptos, GST rate of 200 items, and more

From TDS levy on cryptocurrencies to GST rate of over 200 items staying the same, here are the top headlines on Thursday morning

Onus of deducting TDS primarily rests on crypto exchanges: CBDT FAQ

In case the credit/payment between exchange and the seller is through a broker (and the broker is not seller), there has to be a written agreement that the broker would be deducting the tax

CBDT issues TDS disclosure requirements for cryptos, virtual digital assets

From July 1, TD) of 1% will be levied on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a year, as the Finance Act 2022 has introduced Section 194S in the I-T Act

Crypto platform FalconX doubles valuation to $8 bn despite downturn

The San Mateo, California-based startup said Wednesday that it had raised $150 million in a Series D funding from investors led by GIC and B Capital, a previous investor.

GST Council may defer decision on taxing crypto assets in June 28-29 meet

Fitment panel proposes deeper study by Haryana and Karnataka and asks to submit report to the panel for further deliberations

Crypto, blockchain, NFT jobs in India jump 804% post Covid: Report

Job postings for cryptocurrency, blockchain, NFTs have grown 804 per cent between April 2020 to April 2022, according to a report.

Fake crypto exchanges duped Indian investors of Rs 1,000 cr: Report

Fake cryptocurrency exchanges have duped Indian investors of more than $128 million (nearly Rs 1,000 crore) as the global crypto market tanks, a new report claimed on Tuesday.

Cryptoverse: As crypto markets tumble, lenders face a DeFi drubbing

Crypto lending may not be down and out, but it's certainly on the ropes

Crypto industry fears contagion as bitcoin price slips under $20,000

Bitcoin has lost almost 60% of its value this year and 37% this month alone in the cryptocurrency sector's latest meltdown

World shares show mixed response; Bitcoin holds steady near $20,000

European benchmarks were higher Monday after most Asian markets retreated, while the price of bitcoin hovered near USD 20,000. US futures advanced and oil prices fell back early Monday. The price of the world's most popular cryptocurrency remained near the psychological benchmark of USD 20,000 after bouncing during the weekend. At one point, bitcoin plunged nearly 10 per cent to under USD 18,600, according to the cryptocurrency news site CoinDesk. As of 0500 ET (0900 GMT) Monday, it was at USD 20,650.56. France's CAC 40 gained 0.2 per cent to 5,893.20. Germany's DAX added 0.2 per cent to 13,150.16. Britain's FTSE 100 rose 0.5 per cent to 7,049.87. US markets are closed Monday for the Juneteenth holiday. The future for the Dow industrials was up 0.4 per cent while that for the S&P 500 gained 0.5 per cent. As expected, China kept its 1-year and 5-year loan prime rates unchanged. Given China's struggle to bring outbreaks under control and its already faltering economy, rate cuts in

I will keep supporting and buying Dogecoin crypto, says Elon Musk

As all the leading cryptocurrencies get hammered, Tesla CEO Elon Musk has said he will keep supporting and buying Dogecoin, a cryptocurrency he has been vouching about for years.

Bitcoin goes past psychological threshold of $20,000 after significant drop

The price of a bitcoin inched above USD 20,000 on Sunday after the broader crypto selloff dragged it below the significant psychological threshold a day earlier

Find the roaches and make a meal: Crypto's new name of the game

It was one of the most dramatic weeks in the short history of the cryptocurrency market

Bitcoin bounces after rout but vibe is still 'strongly negative'

The world's largest cryptocurrency climbed as much as 12% early Sunday, recouping some of its losses from a steep drop Saturday that sent the token to as low as $17,599

Crypto's excruciating week has traders bracing for the next crisis

In between, a nascent technocratic industry with grand ambitions to reinvent the financial system was rocked repeatedly by echoes of past crises in the old system

Dogecoin's investor sues Musk for $258 bn in US for illegal rackeetering

As millions of investors lose their hard-earned money in the global crypto meltdown, an American Dogecoin cryptocurrency investor has sued Elon Musk