Cryptocurrency Financial News

07.07 / 09:39

UPS cryptocurrency Digital Bitcoin India's Crypto Industry Feels The Heat As New Tax Hammers Trading

While Indian exchanges have been hit, trading volumes globally have edged higher.

07.07 / 06:51

cryptocurrency Crypto exchanges cryptos Meta Terra Will the crypto winter shut smaller exchanges or lead to acquisition by bigger whales?

crypto exchanges, particularly the smaller ones, are on tenterhooks for survival. After Terra's debacle, Celcius and Three Three Arrows Capital jittered. This was followed by Vauld suspending operations. Meta (formerly Facebook) is shutting down its crypto wallet Novi by September 1, 2022. Even the Indian crypto exchanges are facing massive liquidity pressure, with volumes slumping up to 80 per cent since January. The new taxation rules are adding more pain to their sufferings.

06.07 / 13:47

cryptocurrency crypto news cryptocurrency news Former TikTok Gaming Head Set To Launch Blockchain Games Startup Meta0

Former head of TikTok's gaming set to start a blockchain gaming startup called Meta0

06.07 / 11:43

cryptocurrency Stablecoin Bitcoin Crypto lender Voyager Digital seeks bankruptcy protection

Crypto lending platform Voyager Digital has filed for Chapter 11 bankruptcy in New York, proposing a reorganisation plan days after it suspended trading, deposits and withdrawals.

06.07 / 11:11

cryptocurrency Digital Platform Crypto Lender Voyager Digital Files For Bankruptcy, Latest To Join Firms Hit By Crash

Crypto lender Voyager Digital files for bankruptcy

06.07 / 10:19

cryptocurrency coindcx crypto firms Top crypto ED notices to top crypto sites seek info under FEMA

cryptocurrency firms as part of its ongoing probe into alleged instances of foreign exchange violations, if any, by these firms, sources said. ED has sent out notices to cryptocurrency exchanges seeking further information under the Foreign Exchange Management Act (FEMA), they added. Crypto trading platform CoinDCX’s founder Sumit Gupta joined the federal agency’s probe at its Bengaluru office earlier this month, the sources said.

06.07 / 09:03

cryptocurrency Nexo Celsius Vauld Crypto winter: Nexo likely to acquire Vauld, parties sign indicative term sheet

Nexo is likely to acquire Singapore-headquartered crypto exchange firm Vauld, pending due diligence, as both the parties signed an indicative term sheet today. “The completion of this transaction is pending due diligence — which both teams are working on as we speak. Vauld has strived to deliver long-term value to all customers, and we believe coming under the Nexo umbrella will significantly help achieve this,” co-founder and CEODarshan Bathija wrote on microblogging platform Twitter on Tuesday.

06.07 / 09:03

cryptocurrency Europe European Union Bank of England Bank of England: Crypto crashes show need for tougher rules

Bank of England warned Tuesday that recent cryptocurrency meltdowns that wiped out more then $2 trillion in value highlight the need for tougher financial regulations The U.K.'s central bank said that the crashes exposed vulnerabilities in the crypto markets reminiscent of previous bouts of financial turmoil. Extreme volatility in the crypto markets, including so-called stablecoins, resulted in «fire sales» and amplified price falls, the bank said in its latest financial stability report.

06.07 / 08:29

cryptocurrency Digital Bitcoin US States Shelve Plans To Accept Bitcoin Tax Payments Amid Crypto Crash

Bitcoin alone has plummeted more than 70% since November 9.

06.07 / 08:05

cryptocurrency Legal Voyager Digital Files for Bankruptcy

Voyager Digital Holdings, the US-based operator of a crypto platform Voyager Digital, and two affiliated debtors filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code, per Stretto, a bankruptcy specialist, data.

06.07 / 07:13

cryptocurrency Bitcoin price today crypto prices Bitcoin Bitcoin Down Cryptocurrency Prices Today July 6: Crypto market in red, Bitcoin down 2%, Polkadot biggest loser

Major cryptocurrencies traded in the red early on June 6. The global crypto market cap declined 1.78 per cent to $893.50 billion over the last day. The total crypto market volume over the last 24 hours is $64.77 billion, which makes a 16.92 per cent increase.

06.07 / 03:27

cryptocurrency Crime privacy Smuggling Spanish Police Spends USD 115K on Crypto Monitoring Technology to Fight Drug Smuggling

The Spanish police force has announced that it will invest in tech platforms that will help officers catch drug traffickers who make use of cryptoassets.

05.07 / 20:37

cryptocurrency Tax Spanish Crypto Holders to Be ‘Burdened’ with Fresh Crypto Declaration Rules

Crypto industry insiders have hit back at the Spanish government’s latest plans for the sector: A fresh effort to make citizens who hold coins on overseas platforms declare their holdings.

05.07 / 17:11

cryptocurrency Digital Platform Media tracking Cryptocurrency Price Tracking Platform CoinCodex Integrates Cryptonews.com as a Trusted Newsfeed Source

CoinCodex, a cryptocurrency data website tracking more than 15,000 digital assets, announced on Tuesday a partnership with Cryptonews.com, a crypto news hub reporting on the latest Bitcoin, Ethereum, blockchain, NFTs, and altcoin trends and happening.

05.07 / 15:11

cryptocurrency glassnode Bitcoin Crypto Crash: ‘Market tourists’ have been purged, says Glassnode

Bitcoin’s activity is firmly in bear market territory after recording one of the worst monthly price performances in its history.

05.07 / 15:11

cryptocurrency Binance Tax Bitcoin foreign Indian Early winter for Indian crypto exchanges as trading volumes slump, users flock to foreign exchanges

Winter has come early for Indian cryptocurrency exchanges, which are experiencing a slump in the value of transactions as investors flee to overseas exchanges after the implementation of a 1 per cent tax deducted at source (TDS) on July 1.

05.07 / 14:29

cryptocurrency CoinSwitch As exchanges face uncertainty, CoinSwitch’s Ashish Singhal explains business model on Twitter

CoinSwitch’s co-founder on July 5 took to Twitter to explain the platform’s business model, amidst ongoing turmoil in the cryptocurrency industry and following Vauld’s announcement of financial troubles and halting of several services.

05.07 / 13:29

business cryptocurrency Nexo Vauld Crypto lender Nexo plans to buy fellow lender Vauld

Cryptocurrency lender Nexo plans to buy fellow lender Vauld, it said on Tuesday, the latest sign of consolidation in the digital currency industry as prices tumble.

05.07 / 10:09

cryptocurrency NFTS Is The Game Over, Dream Dead, And So The Bonfire Of NFTs, Or GAME On?

Cryptoverse: The bonfire of the NFTs

05.07 / 08:45

cryptocurrency Lowe's Bitcoin Bitcoin Drops "Substantially", Can It Decline Any Further?

Bitcoin on Thursday closed out one of its worst quarters on record.

05.07 / 07:17

UPS cryptocurrency Digital Crypto Trading Trading On India's Crypto Exchanges Decline Up To 87% As New Tax Kicks In

The government introduced a tax regime for digital assets in February.

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