Page 50 - Cryptocurrency

BlockFi, Crypto.com lay off hundreds as global crypto market crashes

Crypto trading and lending exchanges BlockFi and crypto.com have laid off hundreds of employees after the global crypto market was battered owing to a "dramatic shift" in macro-economic conditions

Bitcoin dips 17% to below $23,000; Celsius freezes all withdrawals

Crypto market cap falls below $1 trn for first time since early 2021

Binance US exchange sued by crypto investor over stablecoin collapse

In the lawsuit against Binance and CEO Brian Shroder, Utah resident Jeffrey Lockhart said Binance falsely advertised Terra USD as backed by fiat currency, when in fact it was an unregistered security

Crypto market sinks below $1 trn after latest DeFi blowup; Bitcoin down 17%

Binance, the largest crypto trading platform, temporarily suspended withdrawals of the Bitcoin network because of an transaction processing issue

Crypto market value tumbles after lender Celsius Network stops withdrawals

Celsius's CEL token was down about 50% to 19 cents as of 7:16 a.m. in New York Kong, according to pricing data site CoinGecko

Top headlines: May retail inflation eases; two broadcasters for IPL

Business Standard brings you the top headlines on Monday

Crypto market value slumps under $1 trn for first time since Jan 2021

The largest cryptocurrency, bitcoin, was down more than 9% on the day, falling to an 18-month low of $23,950

Blockchain-based DeFi platforms need scrutiny, experts warn investors

As cryptocurrencies nosedive, investors of DeFi (decentralised finance) platforms need to exercise "caution and scrutiny" amid growing concerns about certain type of cryptocurrencies, warn experts

Crypto extends tumble into weekend after US inflation data; Ether falls 5%

Total long crypto liquidations were above $100 mn for a third straight day on Sunday, after $258 mn on Friday and $290 mn on Saturday, according to data from Coinglass

Consumer affairs ministry to set up panel for FAQ on cryptocurrencies

Calls meeting to discuss complaints against edutech firms

Cryptocurrencies don't appear to be true financial innovation: India's CEA

They are a case of 'regulatory arbitrage' and could be risky for the country, says Nageswaran

Top headlines: Credit cards to be linked to UPI, rate hike to push up costs

The Reserve Bank of India (RBI) on Wednesday allowed linking of credit cards to Unified Payments Interface (UPI)

Goods or services? GST law committee's cryptocurrency dilemma

Tax treatment decision after there's clarity on classification

'Cash doesn't crash'

Cashlessness doesn't actually limit crime but it does limit access to the levers required to commit large white-collar crimes

Edge launches Mastercard, enables users to spend with Bitcoin, Dogecoin

Edge Mastercard users sell their Bitcoin to the card when adding funds in the app, while merchants receive funds in USD

Cryptoverse: The early birds are betting bitcoin is bottoming out

If you're getting into crypto at these levels, a little near-term volatility could be worth a long-term payoff, says an asset manager

How Binance became a hub for hackers, fraudsters and drug traffickers

In as little as nine minutes, using only encrypted email addresses as identification, the Lazarus hackers created Binance accounts and traded crypto stolen from Eterbase, the Slovakian exchange

Double whammy: Terra investors in India lost big. Now, they face the taxman

They could be taxed as much as 30% of the value of tokens received and they won't be able to offset any gains in the new token against losses from the previous one

Bitcoin reclaims $31k level after weeks of languishing; Ether rises 5.6%

The crypto market could also get a boost from US consumer-price data later this week.

New York lawmakers pass landmark bill to limit cryptocurrency mining

have passed a milestone environmental measure designed to tap the brakes on the spread of cryptocurrency mining operations that burn fossil fuels