Cryptocurrency Financial News

Dubai last week adopted its first law governing virtual assets.

Most crypto exchanges have rejected calls to cut off all Russian users.

The global cryptocurrency market-capitalisation jumped 3.85 percent over the last 24 hours to $1.83 trillion, while trading volumes rose 42.02 percent to $105.42 billion during this period.

Ukrainian president Volodymyr Zelenskyy has enacted a law officially making cryptocurrencies legal in the besieged country.

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“Crypto forensics firms” such as Elliptic and Chainalysis appear to be making a name for themselves in the international media – with their blockchain analysis tools allowing them to allegedly make key advances in Western governments’ search for crypto-using Russian sanction evaders.

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Crypto markets still have many puzzles, but they are beginning to reveal their secrets. The last few months of chaos show what Bitcoin and other crypto assets are good for: They are advanced tools of globalisation, luxury goods for complex, well-functioning markets — not protections against the depredations of hostile governments.

crypto industry is looking at the latest Parliament session, which commenced on Monday, with high hopes. The industry is hoping to get clarity on multiple fronts after the Budget announcements. Market participants said that the ambit of virtual digital assets (VDAs) is very broad in the Finance Bill, 2022. The market participants would look forward to receiving clarity on important aspects, including definition, taxations, and calculation. Even the Supreme Court of India had recently asked the Centre to make its stand clear on whether cryptocurrency trade or virtual digital currencies is legal in India or not.

The global cryptocurrency market capitalisation jumped 3.66 percent over the last 24 hours to $1.80 trillion, while trading volumes rose 10.92 percent to $83.06 billion during this period.

Crypto markets still have many puzzles, but they are beginning to reveal their secrets. The last few months of chaos show what Bitcoin and other crypto assets are good for: They are advanced tools of globalization, luxury goods for complex, well-functioning markets — not protections against the depredations of hostile governments.

cryptocurrency exchange Binance has been given a crypto-asset service provider licence by Bahrain's central bank, its first such licence in the Gulf Cooperation Council (GCC), the company and the bank said on Tuesday. «The licence from Bahrain is a milestone in our journey to being fully licensed and regulated around the world,» said Binance Chief Executive Officer CEO Changpeng Zhao in a joint statement with Bahraini authorities. The regulatory requirements will «protect users with strong anti-money laundering and counter-terrorism financing policies,» he added.

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No plans of a cryptocurrency regulated by RBI, they are unregulated, says government

Ukraine's Ministry of Digital Transformation, in cooperation with major crypto exchange FTX and staking platform Everstake, has launched a crypto fundraising site to provide interested users with a convenient portal for donating to Ukrainian causes.

cryptocurrency funds and companies, as they seek exposure to a sector many believe could withstand the fallout from the Russia-Ukraine conflict. Research firm Fundstrat, in its latest note to clients, said venture capital (VC) buyers invested around $4 billion in the crypto space in the last three weeks of February. VCs poured in another $400 million to start-ups in the sector last week, data showed. The VC investment is consistent with broad weekly inflows. Since the beginning of the year, weekly investments in the industry have been averaging anywhere between $800 million to about $2 billion, Fundstrat data showed.

CoinSwitch has launched a Recurring Buy Plan (RBP) investment tool.

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Cryptocurrency startups have begun offering investors an option to earn interest on virtual assets to battle volatility even as the industry awaits regulatory and legal clarity on the issue. Crypto startups are offering fixed returns on one’s holdings. How do these investment products work? What makes them different from conventional deposits? What should investors watch out for? Aseem Gujar & Partha Sinha find out… One can buy crypto either through an exchange’s app or invest indirectly via exchange-traded funds (ETFs) as was explained last week in this column. Cryptocurrency startups are giving another option to investors: Some call it fixed deposit or fixed income product, while others steer clear of traditional finance terminology and refer to it as interest-generating investment. Presented ByDid you Know?Billed as India'

New crypto funds also raised nearly $3 billion over the last two weeks.