Its a vicious circle long familiar to those in traditional finance: trades made with borrowed money coming apart when the value of their collateral put up against the loans drops, forcing liquidations that in turn push prices down further.
Recent implosions in the cryptocurrency markets indicate that long-warned-about dangers of decentralised digital money are now materialising, the Bank for International Settlements has said.
The officers' committee on GST has suggested the GST Council defer a decision on the cryptocurrency and other virtual digital assets tax
Cryptocurrencytrading increasingly resembles the US stock market of the late 1920s, Switzerland's top market regulator said on Wednesday, calling for regulators to take more action to protect consumers from abuse in the freewheeling sector.
Major crypto firm Tether said on Wednesday it will launch next month a "stablecoin" pegged to the British pound, a move that comes as London draws up plans to regulate the fast-growing type of digital currency.
It was one of the most dramatic weeks in the short history of the cryptocurrency market, bookended by the type of announcements investors fear the most from a counterparty: Wer'e sorry, but we just cant return your money right now.
Facebook owner Meta Platforms is launching a digital clothing store where users can purchase designer outfits for their avatars, Chief Executive Mark Zuckerberg said on Friday.
Cryptocurrency exchange Binance's Chief Executive Officer, Changpeng Zhao, said on Thursday that volumes on the exchange so far in 2022 were similar to the $34 trillion it had in 2021.
Bitcoin dropped below $20,000 for the first time since December 2020 as evidence of deepening stress within the crypto industry keeps piling up against a backdrop of monetary tightening.
Recent turmoil in the cryptocurrency market underscores the "urgent need" for regulatory frameworks that reduce the risks posed by digital assets, a US Treasury official said