Cryptocurrency Market
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Bitcoin Crash? $1 Trillion Value Lost In 8 Months. Here's Why
Bitcoin has dropped significantly from its record highs as investors increasingly shift money into booming AI stocks.
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Bitcoin Holds Near 110,800 as ETF Inflows and Rate-Cut Steadies Market
Bitcoin is trading around $110,800 (roughly ₹97.6 lakh) and Ethereum at $4,320 (roughly ₹3.8 lakh), carried by $333 million in ETF inflows. Analysts say institutional demand and policy expectations are steadying sentiment, with traders eyeing $113,000 (roughly Rs. 99 lakh) for BTC and $4,600 (roughly Rs. 4 lakh) for ETH. Altcoins, including Sol...
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Bitcoin Nears $110,000 as Whale Moves and ETF Flows Shape Market
The crypto market remains volatile as Bitcoin consolidates near $110,000 (roughly Rs. 96.8 lakh) with traders eyeing the $115,000 (roughly Rs. 1.01 crore) resistance. Ethereum trades near $4,300 (roughly Rs. 3.79 lakh), but reclaiming $4,600 (roughly Rs. 4.05 lakh) could shift sentiment positively. Altcoins such as Solana and Dogecoin are gaining t...
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Australian Government Prepares for Virtual Crypto Stocktake Ahead of Plans for Sector Regulation
Australia’s Treasury, or Department of the Treasury, "token mapping", or cataloguing the types and uses of digital currency owned within the country, as a first step to identifying which cryptocurrency assets to regulate. The government is preparing for the virtual stocktake of the country's cryptocurrency holdings before it regulates the $1 tril...
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Crypto Losses Jumped Nearly 60 Percent in the First 7 Months of the Year: Chainalysis
Losses arising from cryptocurrency hacks jumped nearly 60 percent in the first seven months of the year to $1.9 billion (roughly Rs. 15,070 crore), propelled by a surge in funds stolen from decentralised finance (DeFi) protocols, according to a blog post from blockchain analysis firm Chainalysis released on Tuesday. The firm noted that the trend is...
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Ethereum Soars Ahead of Upcoming ‘Merge’ Blockchain Upgrade to Energy-Efficient System
Ethereum is set to receive a massive upgrade in September, as the blockchain’s cryptography is set to switch to a more energy-efficient system. Ether has seen six consecutive weeks of gains, pushing it up from a 1 to 1.5-year low of $880 (roughly Rs. 69,800) in mid-June to levels closing in on $2,000 (roughly Rs. 1.58 lakh). Bitcoin has paled in ...
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Crypto Breaks the Rules. That’s the Point
Cryptocurrency treats regulatory arbitrage as a feature, not a bug. The arbitrage conveys the message that the old regulations need to change. In the post-COVID world, software automatically issues crypto tokens, based on smart contracts that specify conditions for issuance. Standard US regulatory practice typically focuses on regulating host firms...
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DeFi and Degrowth: Or How Not to Fix Capitalism
DeFi and Degrowth have emerged as alternative utopian narratives to capitalism. However, both lack some basic lessons. While degrowthers ignore the natural urge for status and advancement, DeFiers ignore the natural urge of bad actors to exploit unregulated systems.
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Venture Capitalists Pour Money Into Digital Currencies Blockchain Startups Amid Crypto Winter
The ongoing crypto winter has not affected venture capitalist’s appetite for investing in digital currency and blockchain startups, according to data from Pitchbook. The ongoing investment in these firms in on the path to top the record $26.9 billion (roughly Rs. 2,14,630 crore) raised last year, and the data suggests a solid faith in the future...
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US Crypto Exchange Coinbase Wins Regulatory Nod in Italy
Coinbase, a major US crypto exchange, has won approval from Italian regulators to continue to serve customers in Italy. Coinbase said it had met requirements from the Organismo Agenti e Mediatori (OAM), which oversees financial agents and credit brokers in Italy and implements anti-money laundering controls.
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Binance Fined by Dutch Central Bank for Violating Country's Money-Laundering Laws
Binance has been slapped with a fine of EUR 3.3 million (roughly Rs. 26 crore) by the Dutch Central Bank (DNB) for offering services in the Netherlands without being registered in the country. A spokesperson for Binance said in an emailed reaction that the fine marked a "pivot in our ongoing collaboration" with the DNB.
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Stablecoins Must Comply With Same Safeguards as Traditional Payment Methods, Global Regulators Say
Stablecoins will have to comply with regulations and safeguards put into place for traditional forms of payment, according to global regulators. While stablecoins are designed to have a stable value compared to Bitcoin and other traditional cryptocurrencies that are considered volatile, the new controls that apply to large stablecoins were adopted ...
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Russia to Improve Crypto Transaction Monitoring as Regulation Draws Closer, Says Rosfinmonitoring
Russia's financial monitoring agency, Rosfinmonitoring, said on Friday it was using software to track cryptocurrency transactions and hopes to improve its capabilities, as Moscow ushers in regulation on what one lawmaker dubbed "cryptomania".
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EU Approves Landmark 'Markets in Crypto Assets' Rules to Regulate Freewheeling Cryptocurrency Industry
The EU on Thursday approved Markets in Crypto Assets, or MiCA, widely considered the first regulation of the cryptocurrency industry. The move comes at a time when the industry has seen prices plunge, while fuelling widespread scepticism amid calls for tighter scrutiny. The regulations are expected to be highly influential around the world, and aut...
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Cryptocurrency Lending Giants Face Financial Ruin Amid Market Uncertainty, Lack of Regulatory Guardrails
Cryptocurrency lending giants and their clients are now facing financial ruin, amid market uncertainty and the lack of regulatory guardrails. These firms, including the Celsius network, CoinFlex, and Babel Finance, tried their hand at lending, later freezing withdrawals. From the lofty goals of competing with traditional banks, here’s how cryptoc...
-
Bitcoin Crash? $1 Trillion Value Lost In 8 Months. Here's Why
Bitcoin has dropped significantly from its record highs as investors increasingly shift money into booming AI stocks.
-
Bitcoin Holds Near 110,800 as ETF Inflows and Rate-Cut Steadies Market
Bitcoin is trading around $110,800 (roughly ₹97.6 lakh) and Ethereum at $4,320 (roughly ₹3.8 lakh), carried by $333 million in ETF inflows. Analysts say institutional demand and policy expectations are steadying sentiment, with traders eyeing $113,000 (roughly Rs. 99 lakh) for BTC and $4,600 (roughly Rs. 4 lakh) for ETH. Altcoins, including Sol...
-
Bitcoin Nears $110,000 as Whale Moves and ETF Flows Shape Market
The crypto market remains volatile as Bitcoin consolidates near $110,000 (roughly Rs. 96.8 lakh) with traders eyeing the $115,000 (roughly Rs. 1.01 crore) resistance. Ethereum trades near $4,300 (roughly Rs. 3.79 lakh), but reclaiming $4,600 (roughly Rs. 4.05 lakh) could shift sentiment positively. Altcoins such as Solana and Dogecoin are gaining t...
-
Australian Government Prepares for Virtual Crypto Stocktake Ahead of Plans for Sector Regulation
Australia’s Treasury, or Department of the Treasury, "token mapping", or cataloguing the types and uses of digital currency owned within the country, as a first step to identifying which cryptocurrency assets to regulate. The government is preparing for the virtual stocktake of the country's cryptocurrency holdings before it regulates the $1 tril...
-
Crypto Losses Jumped Nearly 60 Percent in the First 7 Months of the Year: Chainalysis
Losses arising from cryptocurrency hacks jumped nearly 60 percent in the first seven months of the year to $1.9 billion (roughly Rs. 15,070 crore), propelled by a surge in funds stolen from decentralised finance (DeFi) protocols, according to a blog post from blockchain analysis firm Chainalysis released on Tuesday. The firm noted that the trend is...
-
Ethereum Soars Ahead of Upcoming ‘Merge’ Blockchain Upgrade to Energy-Efficient System
Ethereum is set to receive a massive upgrade in September, as the blockchain’s cryptography is set to switch to a more energy-efficient system. Ether has seen six consecutive weeks of gains, pushing it up from a 1 to 1.5-year low of $880 (roughly Rs. 69,800) in mid-June to levels closing in on $2,000 (roughly Rs. 1.58 lakh). Bitcoin has paled in ...
-
Crypto Breaks the Rules. That’s the Point
Cryptocurrency treats regulatory arbitrage as a feature, not a bug. The arbitrage conveys the message that the old regulations need to change. In the post-COVID world, software automatically issues crypto tokens, based on smart contracts that specify conditions for issuance. Standard US regulatory practice typically focuses on regulating host firms...
-
DeFi and Degrowth: Or How Not to Fix Capitalism
DeFi and Degrowth have emerged as alternative utopian narratives to capitalism. However, both lack some basic lessons. While degrowthers ignore the natural urge for status and advancement, DeFiers ignore the natural urge of bad actors to exploit unregulated systems.
-
Venture Capitalists Pour Money Into Digital Currencies Blockchain Startups Amid Crypto Winter
The ongoing crypto winter has not affected venture capitalist’s appetite for investing in digital currency and blockchain startups, according to data from Pitchbook. The ongoing investment in these firms in on the path to top the record $26.9 billion (roughly Rs. 2,14,630 crore) raised last year, and the data suggests a solid faith in the future...
-
US Crypto Exchange Coinbase Wins Regulatory Nod in Italy
Coinbase, a major US crypto exchange, has won approval from Italian regulators to continue to serve customers in Italy. Coinbase said it had met requirements from the Organismo Agenti e Mediatori (OAM), which oversees financial agents and credit brokers in Italy and implements anti-money laundering controls.
-
Binance Fined by Dutch Central Bank for Violating Country's Money-Laundering Laws
Binance has been slapped with a fine of EUR 3.3 million (roughly Rs. 26 crore) by the Dutch Central Bank (DNB) for offering services in the Netherlands without being registered in the country. A spokesperson for Binance said in an emailed reaction that the fine marked a "pivot in our ongoing collaboration" with the DNB.
-
Stablecoins Must Comply With Same Safeguards as Traditional Payment Methods, Global Regulators Say
Stablecoins will have to comply with regulations and safeguards put into place for traditional forms of payment, according to global regulators. While stablecoins are designed to have a stable value compared to Bitcoin and other traditional cryptocurrencies that are considered volatile, the new controls that apply to large stablecoins were adopted ...
-
Russia to Improve Crypto Transaction Monitoring as Regulation Draws Closer, Says Rosfinmonitoring
Russia's financial monitoring agency, Rosfinmonitoring, said on Friday it was using software to track cryptocurrency transactions and hopes to improve its capabilities, as Moscow ushers in regulation on what one lawmaker dubbed "cryptomania".
-
EU Approves Landmark 'Markets in Crypto Assets' Rules to Regulate Freewheeling Cryptocurrency Industry
The EU on Thursday approved Markets in Crypto Assets, or MiCA, widely considered the first regulation of the cryptocurrency industry. The move comes at a time when the industry has seen prices plunge, while fuelling widespread scepticism amid calls for tighter scrutiny. The regulations are expected to be highly influential around the world, and aut...
-
Cryptocurrency Lending Giants Face Financial Ruin Amid Market Uncertainty, Lack of Regulatory Guardrails
Cryptocurrency lending giants and their clients are now facing financial ruin, amid market uncertainty and the lack of regulatory guardrails. These firms, including the Celsius network, CoinFlex, and Babel Finance, tried their hand at lending, later freezing withdrawals. From the lofty goals of competing with traditional banks, here’s how cryptoc...
