Crypto assets Financial News

The European Securities and Markets Authority (ESMA), the EU financial and crypto markets watchdog, is seeking industry feedback on whether the UCITS funds investment market should be expanded to include crypto.

crypto assets. In a typically positive/green month, Bitcoin was down 8.6%. As we head into September, a strong bearish outlook prevails in the market. Given September is usually a red month, traders are cautious about taking long positions in the current scenario. However, new opportunities arise when the market is bearish. Crypto should emerge out of macroeconomic and inflation-related fears in September with the possibility of US interest rate cuts. Currently, Bitcoin is trading below $57,000 and looks to consolidate into a strong position before bullish action ensues. The good news is that additional pain will be short-lived as the October-December quarter is usually exceptional for the asset class. If you have spare cash to deploy, consider cost-averaging your buys into some of the promising assets.

crypto asset industry in recent years has been a dynamic and unpredictable journey. While cryptoassets do not yet form a major part of the global financial system, that too is beginning to change and their presence is now indisputable. However, the borderless nature of crypto assets poses various risks to the global economy due to their unique technological and economic characteristics. Effective regulation in the area of investor protection is crucial for building trust in markets like India, which is at the forefront of global cryptoasset adoption. Similar to other G20 nations, India must balance the need to protect investors with the desire to foster innovation in this rapidly evolving sector.

crypto market rising today? What factors are fueling renewed optimism and a surge in interest towards crypto assets, particularly among traders from traditional arenas? While acceptance of crypto assets has been slower among Indian traders, their Western counterparts, especially traditional traders in the US, embraced it much earlier. For them, exploring crypto opens doors to new opportunities beyond traditional markets, with a wide array of products and services available. Crypto is appealing to the Indian Equity Traders

Global crypto exchange Binance, on Monday, announced that it has added monitoring tags to certain highly-volatile crypto tokens.

blockchain technology and the emerging landscape of Web 3.0, Parth Chaturvedi, head of investments at CoinSwitch Ventures, offered enlightening perspectives in a recent live stream on ETMarkets. Highlighting the core strengths of blockchain, Chaturvedi underscored its transparency and security, attributes that stem from its decentralized structure spread across numerous nodes. Blockchain, as Chaturvedi elucidated, transcends its role as a mere database; it represents a revolutionary technology reshaping industries across the globe. Its core tenets of immutability, decentralization, and security make it a cornerstone of innovation. By utilizing cryptography and distributed ledger technology, blockchain ensures transparent, secure, and real-time transaction tracking, laying the foundation for a more trustworthy digital ecosystem.

Marsh, the insurance broking and risk advisory business of Marsh McLennan, has unveiled an insurance solution designed for crypto-asset service providers operating within the European Union (EU).

Bitcoin registering a red candle after seven consecutive greens. Bitcoin, buoyed by its halving and ETF narrative, continues to be a key growth vehicle with a 50% gain in 2024 even as macro and geopolitical issues have a short-term impact on the asset class. The current consolidation phase will likely provide the strong base needed to push for the next leg up. Key altcoins (Ethereum, Solana, and BNB) are still 20-40% off their 2021 highs — once they are breached, price discovery will likely kickstart an euphoria phase by the end of this year.

The Hundred Finance hacker, responsible for the $7.4 million crypto theft, resurfaced on May 1 after a year of inactivity and started moving crypto assets from Curve’s decentralized exchange.

crypto enthusiasts. Bitcoin has registered seven green months in a row and is aiming to do one better in April – its halving month. The current pullback and consolidation is likely a healthy flush out needed to push for the next leg up. Ethereum, Solana and other top altcoins have registered considerable gains but are still off their all-time highs of 2021 whereas Bitcoin has registered new highs this year.

Crypto asset manager 21Shares has surpassed $5 billion in Assets Under Management (AUM) amid market rebound.  

Crypto exchange Binance unveiled a new promotion on February 28 for its VIP Invitation Program that is set to target traditional asset traders.

The Isle of Man has rolled out a public consultation on possible crypto assets regulation to protect investors in the jurisdiction.

Financial Intelligence Unit (FIU) to nine offshore virtual digital asset service providers, including Binance, Bitfinex, MEXC Global, and Kraken, for non-compliance under the Prevention of Money Laundering Act (PMLA) likely holds more significance than it might initially seem. It could have implications for anyone holding crypto assets. It is akin to a ‘demonetisation moment’ for the local crypto exchanges who had committed to abide by the country’s laws which the authorities have been pressing for quite some time. The crypto assets held by these non-FIU compliant exchanges are likely to witness a shift towards exchanges that adhere to FIU compliance.

crypto assets, Bitcoin (BTC) and Ethereum (ETH). They are both time-tested networks and flag bearers of innovation in the space. These two assets also have the most regulatory acceptance globally. But for those willing to take bigger risks, the search for the next champion is already on. The recent price rally of Solana (SOL), Maker (MKR), and Chainlink (LINK), was a stark reminder. Even as BTC prices rose in line with speculations over a spot ETF, altcoins with lower market caps saw an exponential jump in prices, as risk capital poured in seeking alpha, or “market-beating” returns. But there is a pattern in these riskier bets as well. The key themes these investors are looking for are faster and more scalable Layer-1 chains, real-world tokenization, and convergence of traditional and decentralized finance. These trends are not isolated phenomena; they are interconnected and mutually reinforcing, driving innovation. Quest for fastest Layer-1 chains The quest for scalability has become a central focus in blockchain development. Layer-1 chains, the underlying infrastructure of blockchain networks, often face limitations in handling high transaction volumes without compromising speed, decentralization, or security. This is particularly challenging for applications that require real-time transactions or a large number of concurrent users.

Cryptocurrency exchange Poloniex has announced plans to resume operations after it suffered a major hack resulting in losses over $100 million.

Crypto assets have taken the world by storm in recent years, with Bitcoin leading the charge. Its meteoric rise in value has attracted the attention of both seasoned investors and newcomers alike. To make an informed decision, consider these five crucial factors before embarking on a Bitcoin investment journey.1. Investment vs Trading The easiest thing to do once you enter the crypto market is to trade and gamble away your funds. Focus on a long-term investment horizon. Embrace a patient, forward-thinking approach, and resist the temptation of chasing short-term gains.2. Volatility

IMF) and the Financial Stability Board (FSB) has set out a roadmap to coordinate measures to stop crypto assets from undermining macroeconomic and financial stability. However, the synthesis, put together at the request of the Indian G20 presidency, stopped short of endorsing a blanket ban on such assets, saying it can be “costly and technically demanding to enforce”. The crypto asset regulation is a key part of the agenda for G20 leaders when they meet in New Delhi this weekend. The IMF-FSB Synthesis Paper: Policies for Crypto-Assets provides comprehensive guidance to address the macroeconomic and financial stability risks posed by crypto-asset activities and markets, including those associated with stablecoins and those conducted through so-called decentralised finance (DeFi).

G20 Leaders’ summit this weekend will discuss a template and various building blocks for coordinated action on dealing with crypto assets, potentially paving the way for a global regulatory framework. A synthesis paper prepared by the International Monetary Fund (IMF) and Financial Stability Board (FSB) at the behest of the G20 Finance Ministers and Central Bank Governors on overall crypto asset regulation will be taken up by the leaders. “The synthesis paper will lay down a comprehensive roadmap and building blocks for a coordinated global regulatory framework… Leaders will take a final call on this,” said a senior government source. India has been pushing for a global regulatory framework on crypto assets under its G20 presidency as it strongly believes they cannot be regulated in isolation by any single country.

Bitcoin and crypto assets have been around for more than a decade, but there have been increasing efforts recently in terms of regulation and legalization. This is because the spectacular pace of adoption and the rise in market capitalisation of Bitcoin and crypto assets have resulted in them moving from a niche product used by cypherpunks to having a more mainstream presence as instruments for savings and investments. It can often be quite challenging to apply existing regulatory frameworks to crypto assets or developing new ones. For a start, the crypto ecosystem is evolving rapidly and monitoring it can get quite tricky in a global environment with a large number of players Let’s look at some of the legal and regulatory issues that need to be considered: 1. Legal characterization of crypto & taxation Legal characterization of Bitcoin and crypto assets plays a key role in determining how they are likely to be taxed. The main distinction is whether these assets should be defined as a commodity (in which case capital gains rules apply), a currency or given a whole new different category.

crypto assets, stablecoins and DeFi (Decentralised Finance). «Under India's G20 presidency, one of the priorities is to create a framework for global regulation of unbacked crypto assets, stablecoins and DeFi, by considering both macroeconomic and regulatory perspectives to address the full range of risks posed by crypto assets, including risks specific to emerging markets and developed economies,» the RBI said in the latest edition of the Financial Stability Report. The turmoil in crypto markets throughout 2022, which led to the bankruptcy of the largest crypto trading platform, and the failure of two banks in March 2023 have highlighted the growing linkages between the traditional banking system and the crypto ecosystem. The central bank has said that while the market capitalisation of stablecoins is relatively small, nearly $130 billion, when compared to the traditional financial system, there is a possibility of continued interconnectedness, giving rise to financial stability risk concerns and negative spillover risks, which may be difficult to contain once the systemic exposure crosses a threshold.