Cryptocurrency Financial News

Cybercriminals have stolen more than $3 billion in cryptocurrency across 125 hacks this year, blockchain analytics firm Chainalysis revealed recently. In 2021, hackers had siphoned off $2.1 billion, it added.

The total crypto market cap is now near $900 billion. The market will likely be range bound till November 2, the day the US Fed announces another interest rate hike. Occasional rallies to the upside can occur, however. Macroeconomic conditions globally, including the possible collapse of a major bank (Credit Suisse or Deutsche Bank), can spook the markets in the short term. As this bear market plays out, we look at some positives in terms of adoption and other top stories of the week:Google partners with Coinbase to bring crypto payments to cloud servicesTech giant Google has partnered with Coinbase to allow users to pay for cloud services using cryptocurrencies early next year.

Major cryptocurrencies were trading in the green early on October 17 as the global crypto market cap increased by 0.44 per cent to $920.87 billion over the last day. The total crypto market volume over the last 24 hours is $1.82 million, a decrease of 99.93 per cent.

India is aiming at developing standard operating procedures for cryptocurrency during its G20 presidency next year, Finance Minister Nirmala Sitharaman has said, underlining that all countries want the technology to survive but not be misutilised.

Major cryptocurrencies were trading in the red early on October 15 as the global crypto market cap decreased by 1.95 per cent to $919.43 billion, over the last day. The total crypto market volume over the last 24 hours is $64.25 billion, which makes a 23.40 per cent decrease.

Major cryptocurrencies were trading in the red early on October 13 as the global crypto market cap decreased 0.05 percent to $918.19 billion over the last day. The total crypto market volume dropped 9.88 percent to $44.13 billion over the last 24 hours.

Indian crypto exchanges are cheering the new tax reporting framework released by the Organization for Economic Co-operation and Development (OECD) amid a sharp decline in trading volumes on crypto markets.

Middle East's first physically-backed bitcoin ETP by 21Shares AG

 

Crypto winter" wiped $2 trillion off the sector, leaving investors nursing losses

Binance-linked blockchain hit by $570 million crypto hack

global crypto market has recovered a bit as compared to the past week. Bitcoin has failed to hold above $20,000 level the previous week due to lack of buying activity but has traded above its psychological support this week in line with equities. It seems like the market participants are on their risk appetite to start a new quarter. Bitcoin has traded sideways most of the week as investors return to more macroeconomic cautiousness. Even though Bitcoin successfully traded above $20,000, it struggled to move above it. Its dominance in the market, however, increased to 41 per cent from 39 per cent on September 10, 2022. This indicates that the market participants are choosing Bitcoin over other assets for its comparatively stable nature.The whale accumulation and the US dollar index rising to a 20-year high are the reasons for BTC’s growth in the past few days.

crypto tokens were back in the green during the early hours of Asian trade on Monday. However, the gains were limited considering inflation fears across the globe.Bitcoin slipped below the$20,000 mark, whereas Ethereum was slightly above $1,300. Investors across the globe will be keenly looking at the inflation data and the US Fed minutes of themeeting scheduled this week. All the crypto tokens were trading higher on Monday, but the gains were capped. XRP jumped as much as 4 per cent, whereas Polkadot and Polygon gained 3 per cent each. Solana was up 2 per cent. The global cryptocurrency market cap was trading marginally higher at $944.94 billion, rising about a per cent in the last 24 hours. However, the total trading volume gained as much as 2 per cent to $33.20 billion.

Crypto giant Coinbase gets Singapore licence

Major cryptocurrencies were trading in the red early on October 11 as the global crypto market cap decreased 3.26 percent to $916.30 billion over the last day. On the other hand, the total crypto market volume jumped 63.81 percent to $54.09 billion over the last 24 hours.

The Organization for Economic Co-operation and Development (OECD) released Crypto-Asset Reporting Framework (CARF) on October 11 designed to help tax authorities achieve greater visibility on crypto transactions and the users behind them.

Major cryptocurrencies were trading in the green early on October 10 as the global crypto market cap rose 0.90 percent to $947.07 billion over the last day. The total crypto market volume over the last 24 hours is $32.97 billion, which makes a 1.18 percent increase.

Diwali is a time of celebration for the entire country. What also makes IT unique is that it is quite interestingly a time when the country’s material aspirations are most visible. This can be seen in two ways: one, Diwali season has slowly become the de facto shopping fiesta for the country with incredible deals across online and offline platforms leading to crazy levels of shopping and two, we can see a fascinating array of religious activities that are geared towards building wealth creation. One among them is Lakshmi Puja, a special ceremony to invite Goddess Lakshmi, the goddess of wealth and prosperity into their homes. This is done in the hopes that they will be blessed with prosperity. This fascinating connection between Diwali and wealth has also seemed to be an auspicious time to acquire new assets and make new investments. And, what better asset for wealth creation during this auspicious time than the best-performing one over the last decade — Bitcoin?

Major cryptocurrencies were trading in the red early on October 9 as the global crypto market cap stood at $938.00 billion, down 1.04 percent over the last day. The total crypto market volume over the last 24 hours is $32.65 billion, which makes a 37.51 per cent decrease.

Major cryptocurrencies were trading in the red early on October 8 as the global crypto market-cap decreased by 1.19 percent to $947.14 billion, over the last day. The total crypto market volume over the last 24 hours is $52.30 billion, which makes a 8.47 percent decrease.

Back in 2009, when Bitcoin established a peer-to-peer (P2P) lending system supported by its native Bitcoin (BTC) currency, the world regarded a decentralised financial system with amazement and scepticism.