Crypto Explainers

This Crypto White Knight Throws A Lifeline For Bankrupt Voyager Customers

This Crypto White Knight Throws A Lifeline For Bankrupt Voyager Customers

Reuters | Sunday July 24, 2022

Bankman-Fried has become crypto's white knight in recent weeks, throwing lifelines to digital asset platforms that have stumbled in the crypto winter.

Holding Your Breath For A Bitcoin Bounce? You May Have To Wait Longer

Holding Your Breath For A Bitcoin Bounce? You May Have To Wait Longer

Reuters | Tuesday July 19, 2022

If you're waiting for a bitcoin recovery, you may have to sweat it out for months. That's the conclusion of some technical specialists seeking method from the madness.

'Same Risk, Same Regulation' For Stablecoins, Say Global Regulators

'Same Risk, Same Regulation' For Stablecoins, Say Global Regulators

Reuters | Wednesday July 13, 2022

Major stablecoins must comply with the same safeguards as traditional forms of payments, global regulators said on Wednesday, tightening controls over a battered crypto sector.

Top Stablecoin Tether Cuts Unsecured Assets By About 60% On Crypto Crash

Top Stablecoin Tether Cuts Unsecured Assets By About 60% On Crypto Crash

Reuters | Sunday July 03, 2022

Tether, the world's largest stablecoin, said on Friday it had cut its commercial paper holdings by around 58 per cent as part of an earlier commitment to reduce its exposure to riskier assets.

Europe's Groundbreaking New Rules To Tame 'Wild West' Crypto Market

Europe's Groundbreaking New Rules To Tame 'Wild West' Crypto Market

Reuters | Friday July 01, 2022

Cryptocurrency companies will need a licence and customer safeguards to issue and sell digital tokens in the European Union under groundbreaking new rules agreed by the bloc to tame a volatile "Wild West" market.

Gift Cards, Reward Points Excluded From Crypto Tax From Today

Gift Cards, Reward Points Excluded From Crypto Tax From Today

Friday July 01, 2022

A 1 per cent TDS on virtual digital assets transactions comes into play from today, but a notification gave a list of exceptions.

European Union Seeks Deal On Ground-Breaking Rules For Crypto Regulation

European Union Seeks Deal On Ground-Breaking Rules For Crypto Regulation

Reuters | Thursday June 30, 2022

The European Union (EU) on Thursday will seek agreement on ground-breaking rules for regulating crypto assets as the rout in bitcoin piles pressure on authorities to rein in the sector.

Crypto Crash Threatens North Korea's Stolen Funds And Weapons Programme: Report

Crypto Crash Threatens North Korea's Stolen Funds And Weapons Programme: Report

Reuters | Wednesday June 29, 2022

The nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say, threatening a key source of funding for the sanctions-stricken country and its weapons programmes.

Nervous Wait For A Crypto Milestone: Ether's Lean And Mean 'Merge'

Nervous Wait For A Crypto Milestone: Ether's Lean And Mean 'Merge'

Reuters | Tuesday June 28, 2022

Investors in ether and its troubled twin stETH are nervously anticipating a crypto milestone: The merge.

Crypto Exchanges Face "Unwelcome" Twists, 1% TDS From July 1 To Start With

Crypto Exchanges Face "Unwelcome" Twists, 1% TDS From July 1 To Start With

Sidhartha Shukla and Suvashree Ghosh, Bloomberg | Sunday June 26, 2022

India's largest digital assets exchanges are bracing for a drawn-out crypto winter one with some unwelcome local twists.