Crypto Investment News

crypto trading platform, announced on Thursday, October 3, the launch of crypto futures trading on its PRO platform. This new feature offers a versatile trading experience for selected users, allowing them to maximize their trading potential with leverage up to 25x. With CoinSwitch futures, users can trade in over 350 contracts including BTC, ETH, SOL, MATIC, XRP, and more. «CoinSwitch Futures enables users to take long (buy) or short (sell) positions on perpetual futures contracts and can also hedge their spot holdings. The platform is distinguished by its competitive commission rates, ensuring users benefit with the lowest fees in the market. Additionally, new users can avail 100% commission rebate for the first 15 days,» the company said.

Once a skeptic who said a few years ago that bitcoin " seems like a scam," Trump has embraced digital currencies with a convert's zeal. He's launched a new cryptocurrency venture and vowed on the campaign trail to take steps early in his presidency to make the U.S. into the «crypto capital» of the world.

The difficulty of trying to crack $100,000 for the first time «could convince traders that the top is in, and profits should be locked in now,» wrote Noelle Acheson, author of the Crypto Is Macro Now newsletter. However, any such episode should be «fleeting,» she added.

Mudrex, a globally recognized crypto investment platform, today introduced a new product called 'Earn', which initially supports 50 cryptocurrencies. This innovative service allows users to earn rewards on their crypto holdings without any commission or fees, offering up to 10% passive income with no lock-in period. To take advantage of the 'Earn' product, users must maintain a minimum balance of the supported coins in their Mudrex wallets. By engaging in a combination of short-term ventures such as margin funding and allocating funds into secure, long-term DeFi protocols, Mudrex aims to provide a steady flow of fixed annualized returns ranging from a minimum of 0.023% to a maximum of 10%.

Delhi continued to assert its dominance in India's cryptocurrency adoption landscape, maintaining its lead in terms of the value invested. This was followed by the IT hubs Bangalore and Hyderabad. Recent data from CoinSwitch report reveals that Delhi boasts the highest percentage of cryptocurrency investors in the country. However, the phenomenon extends beyond Delhi's borders, with other cities like Hyderabad, Pune, and Jaipur also witnessing a surge in crypto adoption.

Mudrex, a leading name in the crypto investment sphere, has found it fitting to add to the celebrations for investors this Diwali with its exclusive Muhurat Investing event. This unique opportunity promises a mix of financial advantages and festive cheer, making it a must-see for crypto enthusiasts. Here's what you need to know: 1. Zero Transaction Fees One of the standout features of Mudrex's Muhurat Investing event is the announcement of zero transaction fees across its platform. This means that investors can trade and grow their crypto portfolios without the burden of additional charges. It's a rare occasion where financial growth is not hampered by transaction costs, presenting investors with an optimal moment to fine-tune their investment strategies. 2. Assured Gifts on $100+ Investments

As the market for cryptocurrency grows increasingly competitive, seasoned strategists are setting their sights on AI-driven cryptos during presale events--both to capitalize on the AI craze as well as explore the real utility that AI can offer the crypto space. 

Right now what it is making him feel is extremely unsettled. The marketing executive from Summit, New Jersey, says his holdings, including a number of different cryptocurrencies like ethereum, are down around 60% from where he bought. What was 2% of his portfolio is now around 0.8% — making him wring his hands about whether to hold on, head for the exits, or buy the dip.

ODI) route to bet on cryptocurrencies abroad with the liberalised remittance facility (LRS) — the customary window for offshore investments by wealthy residents — shut for these exotic digital assets. These ultra-high net worth individuals are using a non-banking finance company — preferably an existing local entity — to sponsor an overseas investment company, a wholly-owned subsidiary, in a financial centre like Dubai. The funds used to capitalise this foreign arm is invested in securities and assets abroad, including cryptos sold on trading platforms outside India. «Unlike the LRS Scheme which restricts direct investment in the financial services sector overseas, the ODI scheme permits regulated financial services companies to invest in the financial services sector under approval route. Such investment is subject to prior approval from the relevant financial regulators in India and overseas. Once a duly approved overseas direct investment is made in a financial services company overseas, such entity should be able to undertake business in accordance with the laws applicable in the relevant overseas jurisdiction,» said Moin Ladha, partner at the law firm Khaitan & Co.

“Just like you do the fundamental analysis of a stock, you should do the same for a crypto token,” said CA Rachana Ranade at the recently concluded ET Prime Crypto 101 Special, where she highlighted the need for investors to understand the underlying value of a crypto token as well as the problem it solves before considering investing in it. A chartered accountant and teacher turned financial influencer (finfluencer) with over 3.6 million subscribers on YouTube, Rachana has a flair for explaining complex financial products and jargons in a fun, easy-to-understand manner. She did the same during the hour-long virtual ‘Crypto 101’ session on ET Prime where she demystified various aspects of crypto investing through simple, everyday analogies and fun anecdotes, while also breaking out into a Bollywood song to make a point about key financial lessons to keep in mind.

crypto owners starting their journey last year. While most investors look to join the bandwagon, the biggest problem for users is complex information, which is scattered across multiple platforms and lack of experience in the crypto market. A mock trade ecosystem not only provides a safe paper trading tool but also educates users to start investing which is of utmost importance for a beginner.

Cryptocurrency investment products and funds showed net outflows for a second straight week, a report from digital asset manager CoinShares showed on Monday, on persistent concerns about regulation and the possible fallout from the Russia-Ukraine conflict. The sector posted net outflows of $47 million in the week ended March 18, after experiencing outflows of $110 million the previous week. Previous to the last two weeks, digital asset investment products saw seven straight weeks of inflows. The outflows came amid ongoing efforts to regulate crypto. President Joe Biden signed an executive order a few weeks ago requiring the government to assess the risks and benefits of creating a central bank digital dollar, as well as other crypto issues.

Amid the FOMO and volatility, there are some exchanges or platforms, such as CoinSwitch, that provide sufficient resources to rely on when investing. And that helps in beating the herd instinct. So, from an investment standpoint, let us examine the herd instinct. It is the tendency of people to behave or act in the same way as other people in the group or market, also known as mob mentality. Fear and greed factors in the market frequently cause herd mentality, the two emotions that constantly compete for market dominance. Fear causes panic, which increases supply, whereas greed causes exuberance, which increases market demand.

Polygon was one of the top-performing crypto assets on CoinSwitch, in terms of the trading volume. Polygon, formerly known as the Matic network, was founded in India in October 2017 by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun.

If you want to be a part of the Metaverse and NFT universe, you can purchase relevant crypto tokens from platforms like CoinSwitch Kuber. So, to understand them, let's dissect each of these terms first.

Finance Minister Nirmala Sitharaman announced the tax on gains arising from virtual assets at a flat rate of 30 per cent without any exemptions or deductions. The high rate of taxation and high volatility in crypto tokens has raised a few logical questions in the investor community.

crypto market has wiped out about $1 trillion of investors' wealth. Bitcoin has dropped about 50 per cent of its value from the peak, whereas other altcoins including Solana, Cardano, Polkadot, Fantom, Near Protocol have lost about two-third of their value in the latest round of correction. Commenting on the crypto carnage, Ashish Singhal, Founder & CEO, CoinSwitch Kuber, India's largest crypto platform, said the current trends are a reflection of swings in global financial markets and news of regulatory proposals globally. Several early investors in crypto have also been booking profits, he said in a series of tweets.

What are DAOs, and why do they make sense to crypto investors in 2022? Organizations still conduct meetings behind closed doors, and only a select few are behind the decision-making process. DAOs aim to eliminate these localized positions of power. DAO stands for Digital Autonomous Organization, and it is more than just a crypto buzzword. You will learn more about these crypto concepts if you read crypto theme blog websites like CoinSwitch Kuber..

The Russian Central Bank has moved to bar financial firms in the country from engaging with crypto-related mutual funds.