City Gift, India Financial News

27.05 / 04:09

digital assets MetaMask recovery MetaMask joins forces with Asset Reality for recovery of stolen digital assets

crypto wallet MetaMask has inked a new strategic partnership with Asset Reality, an end-to-end solution for recovering, managing, and accessing seized crypto and complex assets. MetaMask is a ConsenSys product and among the leading self-custody wallets. MetaMask and Asset Reality will be helping victims of scams recover their digital assets where possible. The support will be available for all MetaMask users globally who have been victims of scams across MetaMask’s most active markets in the United States, the UK, the Philippines, India, Vietnam, Brazil, France, Germany and Nigeria.

26.05 / 19:09

GameStop Crypto wallet What is the difference between custodial and non-custodial crypto wallets?

US-based electronics retail company GameStop has launched a non-custodial crypto wallet, as a beta version, that will facilitate gamers to buy and sell their crypto-assets and NFTs without having to leave the game. A crypto wallet is where users can store all their virtual digital assets, including crypto tokens, coins and NFTs. Unlike MetaMask, GameStop is a non-custodial wallet, exclusively designed for gamers only. However, for crypto investors, especially newbies, it might be interesting to understand what are the key differences between custodial and non-custodial crypto wallets and which should one use.

26.05 / 13:29

Digital Currency Currency Fed's Brainard sees case for central bank digital currency

version of the U.S. dollar could help ensure financial system stability as crypo-assets and digital currencies developed by other countries become increasingly popular, Federal Reserve Vice Chair Lael Brainard said on Wednesday. «As we assess the future digital financial system, it is prudent to consider how to preserve ready public access to safe central bank money, perhaps through the digital analogue of the Federal Reserve's issuance of physical currency,» Brainard said in testimony released in advance of her appearance on the issue before the U.S. House of Representatives Financial Services Committee on Thursday. «We recognize there are risks of not acting, just as there are risks of acting,» she said.

26.05 / 13:29

Ethereum Polkadot avalanche TRON Drop Top cryptocurrency Prices Today: Ethereum, Solana, Polkadot, Avalanche drop up to 5%

According to minutes of their last meeting, released Wednesday, US Federal Reserve officials indicated that they would have to raise interest rates by 0.5 per cent in each of their next two meetings. Barring stablecoins Tether and Tron, major crypto tokens were trading lower on Thursday. Avalanche tanked over 5 per cent, followed by a 4 per cent drop in Solana and Polkadot each. Ethereum shed 3 per cent.

26.05 / 10:35

cryptocurrency Indian CoinTracker forays into Indian market

Cryptocurrency portfolio tracking and tax compliance platform CoinTracker on Wednesday announced its foray into the Indian market. The company's move also comes against the backdrop of the government mandating a 30 per cent taxation on such transactions with effect from April 1. Starting today, the crypto tax compliance and portfolio tracking products will be available to all crypto users across India, it said, while announcing the launch of its product in the country. CoinTracker said users in India can now deal in crypto assets without worrying about the challenges associated with tracking, reconciliation, accounting and compliance.

26.05 / 07:53

NFT Crypto crash Cryptocurrency crash devalues Ukraine's government crypto fundraise

Following the Russian invasion of Ukraine on Feb. 24, the Ukrainian government used social media to ask for cryptocurrency donations. Ukraine's Vice Prime Minister Mykhailo Fedorov sought to rally crypto investors https://twitter.com/_AidForUkraine/status/1529094003194576897 this week at the World Economic Forum in Davos. On March 19, the government's «Aid for Ukraine» fund said https://twitter.com/_AidForUkraine/status/1505262863052644357? it had raised more than $60 million worth of cryptocurrency. But two months later, on May 19, the total raised was worth $51.5 million, Ukraine's deputy minister for digital transformation Alex Bornyakov said.

26.05 / 06:45

Ethereum BNB TRON Bitcoin Top Cryptocurrency Prices Today: Bitcoin, BNB, Tron, Ethereum gain up to 6%

Bitcoin's dominance is at a one-year high but traders are looking more interested in other altcoins. However, the markets, overall, remained range bound. Bitcoin outperformed the majority of the altcoins, holding about $30,000 mark. However, market experts said that Bitcoin is in a danger zone as the sentiment for risky assets have taken off. Crypto tokens were trading with mixed cues on Wednesday. Tron rallied over 6 per cent, whereas Bitcoin and BNB gained 3 per cent each. Polkadot, Avalanche and Shiba Inu were among the top losers.

25.05 / 13:19

European Union ECB European Central Bank financial stability Financial Crypto markets may pose risks to wider financial stability, warns ECB

Cryptocurrencies will pose a risk to financial stability if the emerging sector maintains its rapid growth of the last two years and financial firms deepen their involvement, the European Central Bank (ECB) said on Tuesday. The crypto market slumped sharply this month after the downfall of major «stablecoin» terraUSD. The crash has led to calls from the world's top financial leaders for «swift and comprehensive» regulation of the sector. Cryptocurrencies — historically a niche asset favoured by risk-hungry investors, exploded in size during the COVID-19 pandemic. Institutional investors especially were drawn by claims that bitcoin acts as a hedge against inflation and offers high returns in the face of low interest rates.

25.05 / 09:35

end Cryptoverse: Is the end of the bitcoin winter nigh?

From technicals to turnover, market indicators are flashing red or amber for the biggest cryptocurrency, which has lost a third of its value in just two months. So what now?

25.05 / 07:27

Ethereum solana avalanche TRON Drop Top cryptocurrency Prices Today: Bitcoin, Ethereum, Solana, Avalanche drop up to 5%

Terra collapse in the entire investment ecosystem. However, a brief relief bounce is expected in the market after every dip.Cryptos dropped despite the rise in stocks in Monday trading. Markets are still spooked by the rising inflation and looming recession. Majority of the crypto tokens were trading lower on Tuesday. BNB and Tron were the only two players rising, whereas Bitcoin and Ethereum were among the top losers. Avalanche and Solana dropped 5 per cent each.

24.05 / 15:23

regulatory Despite regulatory hurdles, new crypto ventures abound

CoinDCX Ventures, is swamped with pitch decks from aspiring crypto entrepreneurs even as the chorus of a long and harsh crypto winter grows stronger by the day. «Every week, we hear 20–30 pitches. In the last 2-3 months, when we hadn't even formally launched, we were getting close to 100 pitches every month, if not more,» said Jain. «We have closed seven investments and two are in the final stages.» Unfazed by a severe crypto market crash, the imposition of a high income tax rate by the Indian government, a massive dip in trading volumes, the collapse of a popular token and continuing global uncertainty around digital asset regulation, Indian entrepreneurs have continued launching scores of new crypto ventures supported by strong angel funding.

24.05 / 09:03

Blockchain Stablecoin Terra Luna Luna Classic Terra Classic Luna Terra aims to resurrect LUNA after clearing the rubble

Terra (LUNA) is headed to walk on the difficult path post the collapse, particularly after sweeping the rubble. The foundation is looking to sort the pieces into a block to rebuild the protocol. It is an opportune time for the regulators to look for a comprehensive stablecoin regulation, while the blockchain is in mea culpa followed by introspective solutions. On Terra’s governance proposal portal, 80 per cent of eligible token holders that voted are pushing to rebuild the protocol, minus the algorithmic component.

24.05 / 08:21

Ethereum crypto market Bitcoin Want to invest in cryptos during bear market? Have a look at these segments

Major crypto tokens have eroded up to two-thirds of their value from respective all-time high levels. The last crash has dampened investor confidence in various crypto segments. However, market participants are bullish on various themes as they believe crypto is a big change in the global financial system.

24.05 / 04:13

Lost 'Enormously risky': How NFTs lost their lustre

NFTs are tokens linked to digital images, «collectable» items, avatars in games or property and objects in the burgeoning virtual world of the metaverse. The likes of Paris Hilton, Gwyneth Paltrow and Serena Williams have boasted about owning NFTs and many under-30s have been enticed to gamble for the chance of making a quick profit.

23.05 / 20:29

Ethereum solana avalanche Bitcoin Top cryptocurrency prices today: Bitcoin, Ethereum, Solana, Avalanche gain up to 5%

Despite the recovery, major crypto tokens failed to break past the key psychological levels. The crypto market is still in the bear phase, with no end in sight, said experts. All the tokens were trading with decent gains. Avalanche surged 5 per cent, whereas Solana rallied 4 per cent. Ethereum and Bitcoin gained 3 per cent and 2 per cent, respectively.

23.05 / 11:51

Bitcoin Bitcoin Price guidelines week Crypto week at a glance: Bitcoin slips below $30,000; Germany issues crypto tax guidelines

Bitcoin fell back below $30,000 after a modest climb Thursday. Bitcoin has been floating across $30,000 over the last few days as crypto and stock markets have struggled to recover from multiple losses for the past few weeks. This price drop comes as the global financial markets have entered bear market territory for the first time since early 2020. There are many contributing factors to the decline in the Bitcoin price. Some include geopolitical crises, rising inflation and shifting US monetary policy. These essential factors have continued to drive extra short-term volatility in the stock and crypto markets worldwide.

23.05 / 10:23

Blockchain Terra Luna From blood-on-the-streets to a full-blown bubble, some conversations post-crypto crash

Terra (UST), a stablecoin designed to peg the value of the US dollar, and its sister coin, Luna, both plummeted. Luna, a not-so-stable stablecoin, was selling at around $118 just a month ago, but it is now virtually worthless. The crypto currency managed to erode the wealth of millions of investors, many of whom were from India. The stock market and the crypto world have attracted a large number of new investors over the last two years, owing to a liquidity-driven bull market in a low-interest rate environment. Over 20 million Indians invested in cryptocurrency in 2021 alone. However, both markets' recent crashes have affected how investors see them. The recent market crisis has debunked several market fallacies, particularly in the lesser-known area of cryptocurrency and blockchain technologies.

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