Crypto loans - particularly those in decentralized-finance apps that dispense with intermediaries like banks - often require borrowers to put up more collateral than the loan is worth
Singapore-based 3AC is one of the higher profile crypto companies to have run into difficulties following crypto markets' selloff in recent months
Those who don't anything to do with this highly volatile asset class may also throw in the towel
With token prices plummeting, customers unable to transfer money to their accounts and a dreaded tax on cryptos just around the corner, exchanges like WazirX have put expansion plans on back burner
Recently the govt had announced to impose 1% TDS crypto assets. As the TDS regime is slated to come into effect from July 1, will it be smooth sailing for domestic crypto exchanges and traders?
The committee of officers comprising both from Centre and states, referred to as Fitment Committee, felt that a deeper study was needed on the issues involved in crypto ecosystem
The Council unlikely to decide on taking crypto assets in next week's meeting in Chandigarh.
From July 1, TDS of 1 per cent will be levied on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a year
Crypto lending may not be down and out, but it's certainly on the ropes
Bitcoin reversed earlier losses to trade 0.5% higher for the session
Mounting Crypto Liquidations Make DeFi Go to Extremes: Industry fears contagion as Bitcoin struggles to keep above key level of $20,000
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Despite US Fed's hawkish stance, crypto-currency markets continue to remain under the shadow of uncertainty. They have dropped about 70% from their all-time highs. What's the road ahead?
The vanishing gains suggest long-term owners are coming under pressure, a potentially worrying sign for a market known for its hodlers
Total liquidations in the crypto market were $566.7 million in the past 24 hours, with Bitcoin and Ether at around $271 million and $192 million respectively
The digital currency sector has been pummelled this week after cryptocurrency lending company Celsius froze withdrawals.
"Surging recession fears are crippling appetite for risky assets and that has crypto traders remaining cautious about buying Bitcoin at these lows," said Edward Moya
This is in sharp contrast to a slew of job cuts by companies operating in the digital currency space
Calls meeting to discuss complaints against edutech firms
They are a case of 'regulatory arbitrage' and could be risky for the country, says Nageswaran