Crypto Down

The overall crypto market cap slipped by 0.16 percent in the last 24 hours. Bitcoin recorded a small profit of 0.31 percent on February 21 to trade at $51,977 (roughly Rs. 43 lakh). With a loss of 2.05 percent, the value of Ether presently stands at $2,870 (roughly Rs. 2.3 lakh).

Binance has withdrawn an application for an Abu Dhabi licence, the latest sign that the giant crypto exchange is reassessing its global structure as regulatory pressures mount. The Binance unit, called BV Investment Management, pulled the application with Abu Dhabi's financial regulator, a spokesperson for Binance said on Thursday.

The Philippines' Securities and Exchange Commission has begun the process of blocking access to the world's largest crypto exchange Binance, whose chief last week stepped down and pleaded guilty to breaking US anti-money laundering laws.

Indian minister Rajeev Chandrasekhar has warned crypto firms against misusing technology to flout laws and accomplish illegal activities. Chandrasekhar is the Union Minister of State for electronics and technology in India. The warning comes after Binance CEO Changpeng Zhao pleaded guilty to having violated the US’s anti money laundering policies...

Bitcoin and Ether, among most cryptocurrencies clocked price dips hours after Binance CEO Changpeng Zhao pleaded guilty to have broken US’ anti-money laundering laws. The global crypto market has seemingly faced the impact of this development. Majority altcoins are trading in losses today on Wednesday, November 22.

Binance chief Changpeng Zhao stepped down and pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement resolving a years-long probe into the world's largest crypto exchange, prosecutors said on Tuesday.

The most powerful man in crypto has lost his crown - and could see his freedom curtailed as well.

BlockFi emerged from bankruptcy on Tuesday, saying it will wind down operations and begin returning crypto assets to customers 11 months after it was swept away by the turbulence in thecryptocurrency industry following FTX's collapse. 

In an official announcement released on October 17, Reddit informed its users that it was shutting down the crypto rewards programme, Community Points. Starting November 8, Redditors that were part of this programme will not be able to see any points in their Reddit Vault nor will they be able to churn any more points in their communities.

A bipartisan group of lawmakers is urging the Biden administration to swiftly crack down on the use of cryptocurrencies by Hamas and its affiliates following the Palestinian terrorist group's deadly attack in Israel earlier this month.

Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service (IRS) under a proposed US Treasury Department rule published on Friday. The rule is part of a broader push by Congress and regulatory authorities to crack down on c...

India’s CoinDCX crypto exchange has laid off 71 members of its work force, in order to balance its business and finances during this ongoing crypto slump. In its official statement, the company said that India’s TDS deductions on each crypto transaction has slowed down its business, especially during the ongoing bear market.

The overall valuation of the crypto sector dropped by 1.47 percent in the last 24 hours. Bitcoin and Ether continued to remain shadowed by losses. Major altcoins like Solana, Dogecoin, and Polygon were each down between four percent and six percent over the past 24 hours as the period of stagnation among most digital assets continues.

Binance shut down its fiat-to-crypto platform Binance Connect on Wednesday. The company reportedly conducted an internal review of its service offerings and evaluated which ones were not bringing in the expected engagement. Binance Connect, unfortunately, did not make it to the list of services that the exchange decided to retain.

Sequoia Capital is supposedly reducing its crypto fund by a whopping 65 percent. The US-headquartered venture crypto fund was valued at $585 million (roughly Rs. 4,813 crore) at the time of its launch in February this year. Its decision to cut down on this funding leaves the capital pool with just $200 million (roughly Rs. 1,645 crore).

The overall crypto market cap slipped by 0.16 percent in the last 24 hours. Bitcoin recorded a small profit of 0.31 percent on February 21 to trade at $51,977 (roughly Rs. 43 lakh). With a loss of 2.05 percent, the value of Ether presently stands at $2,870 (roughly Rs. 2.3 lakh).

Binance has withdrawn an application for an Abu Dhabi licence, the latest sign that the giant crypto exchange is reassessing its global structure as regulatory pressures mount. The Binance unit, called BV Investment Management, pulled the application with Abu Dhabi's financial regulator, a spokesperson for Binance said on Thursday.

The Philippines' Securities and Exchange Commission has begun the process of blocking access to the world's largest crypto exchange Binance, whose chief last week stepped down and pleaded guilty to breaking US anti-money laundering laws.

Indian minister Rajeev Chandrasekhar has warned crypto firms against misusing technology to flout laws and accomplish illegal activities. Chandrasekhar is the Union Minister of State for electronics and technology in India. The warning comes after Binance CEO Changpeng Zhao pleaded guilty to having violated the US’s anti money laundering policies...

Bitcoin and Ether, among most cryptocurrencies clocked price dips hours after Binance CEO Changpeng Zhao pleaded guilty to have broken US’ anti-money laundering laws. The global crypto market has seemingly faced the impact of this development. Majority altcoins are trading in losses today on Wednesday, November 22.

Binance chief Changpeng Zhao stepped down and pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement resolving a years-long probe into the world's largest crypto exchange, prosecutors said on Tuesday.

The most powerful man in crypto has lost his crown - and could see his freedom curtailed as well.

BlockFi emerged from bankruptcy on Tuesday, saying it will wind down operations and begin returning crypto assets to customers 11 months after it was swept away by the turbulence in thecryptocurrency industry following FTX's collapse. 

In an official announcement released on October 17, Reddit informed its users that it was shutting down the crypto rewards programme, Community Points. Starting November 8, Redditors that were part of this programme will not be able to see any points in their Reddit Vault nor will they be able to churn any more points in their communities.

A bipartisan group of lawmakers is urging the Biden administration to swiftly crack down on the use of cryptocurrencies by Hamas and its affiliates following the Palestinian terrorist group's deadly attack in Israel earlier this month.

Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service (IRS) under a proposed US Treasury Department rule published on Friday. The rule is part of a broader push by Congress and regulatory authorities to crack down on c...

India’s CoinDCX crypto exchange has laid off 71 members of its work force, in order to balance its business and finances during this ongoing crypto slump. In its official statement, the company said that India’s TDS deductions on each crypto transaction has slowed down its business, especially during the ongoing bear market.

The overall valuation of the crypto sector dropped by 1.47 percent in the last 24 hours. Bitcoin and Ether continued to remain shadowed by losses. Major altcoins like Solana, Dogecoin, and Polygon were each down between four percent and six percent over the past 24 hours as the period of stagnation among most digital assets continues.

Binance shut down its fiat-to-crypto platform Binance Connect on Wednesday. The company reportedly conducted an internal review of its service offerings and evaluated which ones were not bringing in the expected engagement. Binance Connect, unfortunately, did not make it to the list of services that the exchange decided to retain.

Sequoia Capital is supposedly reducing its crypto fund by a whopping 65 percent. The US-headquartered venture crypto fund was valued at $585 million (roughly Rs. 4,813 crore) at the time of its launch in February this year. Its decision to cut down on this funding leaves the capital pool with just $200 million (roughly Rs. 1,645 crore).