Bitcoin Crash

Bitcoin has recorded a 26 percent gain so far in January, as the world's most popular cryptocurrency makes a sharp recovery from the global crypto meltdown that began in October 2022. Amid a rise in the value of cryptocurrencies, Bonk, a memecoin launched at the end of December on the Solana blockchain, rocketed 5,000 percent by early January.

FTX's collapse has galvanised regulators globally who are set to target the crypto sector and 'conglomerate' platforms in 2023, according to IOSCO Chairperson Jean-Paul Servais. Crypto assets like Bitcoin have been around for years but regulators have resisted jumping in to write new rules, but the implosion at FTX, which left an estimated one mill...

The crash of FTX exchange has injected greater urgency into regulating the crypto sector and targeting such 'conglomerate' platforms will be the focus for 2023, the new chair of global securities watchdog IOSCO said in an interview.

Major crypto tokens slipped on Friday on some profit booking after a strong rally in the last few days. Bitcoin was above the $20,000 (roughly Rs. 16.49 crore) level, whereas Ethereum managed to hold $1,500 (roughly Rs. 1.23 lakh).

After a strong push above $20,000 (roughly Rs. 16.29 crore) on Tuesday, Bitcoin has failed to hold those levels and crashed once again. Along with Bitcoin, the broader crypto market is experiencing strong turbulence and volatility with trading volumes shooting up significantly.

Cryptocurrency prices had an extraordinary 2021, but have crashed in 2022. But with Bitcoin posting its biggest monthly percentage price gain this year in July, we could see a positive month ahead for the wider crypto market.

Cryptocurrencies have been hard hit by fears interest rate hikes will end the era of cheap money, with the world's largest digital asset, bitcoin, down more than 56% from this years high. Several crypto companies have filed for bankruptcy or have been forced to look for emergency capital infusions.

Two US states are steaming ahead with programs that will permit taxes to be paid in cryptocurrency, but the idea has been shelved almost everywhere else in the wake of the crash that has erased hundreds of billions of dollars worth of digital assets.

The NFT market has plunged down in recent months. Monthly sales volume on the largest NFT marketplace, OpenSea, fell down to $700 million (nearly Rs. 5,500 crore) in June. The average NFT sale sunk to $412 (nearly Rs. 32,700), from $1,754 (nearly Rs. 1,39,200) at the end of April, according to NonFungible.com.

India has taken a conservative position on cryptocurrency, and the government’s decision is said to be vindicated by the ongoing global cryptocurrency market meltdown. To dampen crypto trading, a one percent tax deducted at source (TDS) on crypto transactions was introduced on July 1, following a 30 percent capital gains tax on all transactions t...

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.

Bitcoin miners are reportedly selling off their holdings as a plunge in prices, rising energy costs and increased competition bite into profitability. According to analyst Jaran Mellerud, the plummeting profitability of mining forced these miners to increase their selling rate to more than 100 percent of their output in May, with conditions getting...

June saw the price of Bitcoin below the $20,000 mark multiple times

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.

At this point, when the global economic situation is facing recession-like circumstances, investors are running lowly on their risk appetite. With valuable assets like Bitcoin, Ether, and Cardano struggling with losses, investors are running lowly on their risk appetite. Crashes of Terra and Celsius networks also instilled fear among investors. He...

Bitcoin has recorded a 26 percent gain so far in January, as the world's most popular cryptocurrency makes a sharp recovery from the global crypto meltdown that began in October 2022. Amid a rise in the value of cryptocurrencies, Bonk, a memecoin launched at the end of December on the Solana blockchain, rocketed 5,000 percent by early January.

FTX's collapse has galvanised regulators globally who are set to target the crypto sector and 'conglomerate' platforms in 2023, according to IOSCO Chairperson Jean-Paul Servais. Crypto assets like Bitcoin have been around for years but regulators have resisted jumping in to write new rules, but the implosion at FTX, which left an estimated one mill...

The crash of FTX exchange has injected greater urgency into regulating the crypto sector and targeting such 'conglomerate' platforms will be the focus for 2023, the new chair of global securities watchdog IOSCO said in an interview.

Major crypto tokens slipped on Friday on some profit booking after a strong rally in the last few days. Bitcoin was above the $20,000 (roughly Rs. 16.49 crore) level, whereas Ethereum managed to hold $1,500 (roughly Rs. 1.23 lakh).

After a strong push above $20,000 (roughly Rs. 16.29 crore) on Tuesday, Bitcoin has failed to hold those levels and crashed once again. Along with Bitcoin, the broader crypto market is experiencing strong turbulence and volatility with trading volumes shooting up significantly.

Cryptocurrency prices had an extraordinary 2021, but have crashed in 2022. But with Bitcoin posting its biggest monthly percentage price gain this year in July, we could see a positive month ahead for the wider crypto market.

Cryptocurrencies have been hard hit by fears interest rate hikes will end the era of cheap money, with the world's largest digital asset, bitcoin, down more than 56% from this years high. Several crypto companies have filed for bankruptcy or have been forced to look for emergency capital infusions.

Two US states are steaming ahead with programs that will permit taxes to be paid in cryptocurrency, but the idea has been shelved almost everywhere else in the wake of the crash that has erased hundreds of billions of dollars worth of digital assets.

The NFT market has plunged down in recent months. Monthly sales volume on the largest NFT marketplace, OpenSea, fell down to $700 million (nearly Rs. 5,500 crore) in June. The average NFT sale sunk to $412 (nearly Rs. 32,700), from $1,754 (nearly Rs. 1,39,200) at the end of April, according to NonFungible.com.

India has taken a conservative position on cryptocurrency, and the government’s decision is said to be vindicated by the ongoing global cryptocurrency market meltdown. To dampen crypto trading, a one percent tax deducted at source (TDS) on crypto transactions was introduced on July 1, following a 30 percent capital gains tax on all transactions t...

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.

Bitcoin miners are reportedly selling off their holdings as a plunge in prices, rising energy costs and increased competition bite into profitability. According to analyst Jaran Mellerud, the plummeting profitability of mining forced these miners to increase their selling rate to more than 100 percent of their output in May, with conditions getting...

June saw the price of Bitcoin below the $20,000 mark multiple times

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.

At this point, when the global economic situation is facing recession-like circumstances, investors are running lowly on their risk appetite. With valuable assets like Bitcoin, Ether, and Cardano struggling with losses, investors are running lowly on their risk appetite. Crashes of Terra and Celsius networks also instilled fear among investors. He...