Synopsis Barring the Unus Sed Leo, which was up by 3 per cent down, all other crypto tokens were lower on Wednesday. Shiba Inu, Dogecoin and Polkadot plunged 4 per cent each, whereas Cardano shed 3 per cent. A representations of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/IllustrationNew Delhi: After a small […]

Synopsis ED has sent out notices to cryptocurrency exchanges seeking further information under the Foreign Exchange Management Act (FEMA), they added. Illustration: Rahul AwasthiThe Directorate of Enforcement (ED) has sought further details and documents from cryptocurrency firms as part of its ongoing probe into alleged instances of foreign exchange violations, if any, by these firms, […]

Synopsis Bitcoin saw the April-June 2022 period as the worst quarter in the last one decade, thanks to deteriorating macroeconomic conditions across the globe.The report from Deutsche Bank provides an interesting perspective on the medium-term outlook for Bitcoin and suggests that cryptocurrency markets have mirrored movements of the Nasdaq 100 and S&P 500 since late […]

Synopsis The global cryptocurrency market cap was trading higher at the $909.69 billion mark, zooming more than 6 per cent in the last 24 hours. However, the total cryptocurrency trading volume jumped almost 38 per cent to $55.27 billion. New Delhi: Crypto market rebounded sharply on Tuesday as major crypto tokens were trading higher. However, […]

Synopsis Grayscale said that in response it had filed a lawsuit against the regulator and would argue that the SEC had violated the Administrative Procedure Act and Securities Exchange Act. The U.S. securities regulator on Wednesday rejected a proposal to list a spot bitcoin exchange-traded fund (ETF) by Grayscale, one of the world’s biggest digital […]

Synopsis Among the losers, Solana plunged about 8 per cent, while Polkadot tumbled more than 6 per cent. Ethereum and BNB dropped 5 per cent each, and Bitcoin was also in the red. New Delhi: Crypto market slipped in early trading hours on Thursday. Bitcoin barely held above $20,000 levels while the pain in altcoins […]

Synopsis MicroStrategy will likely need to take a substantial impairment charge when it reports second-quarter results. And for shareholders, the stock tumbled 66% in the quarter ended Thursday, outpacing Bitcoin’s 59% decline.Saylor has downplayed any concerns, sticking to the strategy and adding to his stockpile last quarter as Bitcoin experienced its biggest price drop in […]

Synopsis The hedge fund was already suffering on account of the current market conditions and its investment in Terra Luna, which is almost worthless compared to its investment.The leveraged Gbtc trades might have been the last straw for the hedge fund when the positions were liquidated. In simple terms what this means is that the […]

Synopsis Volumes on WazirX were down the most at 82%, according to data sourced from crypto research and consulting firm Crebaco. The decline was almost 70% on CoinDCX and 76% on ZebPay. Spot trading volumes on crypto exchanges CoinDCX, WazirX and Zebpay declined by at least 70% on July 3 compared with June 30, even […]

Synopsis Barring Dogecoin, XRP and Tron, the majority of the crypto tokens were trading lower. However, losses were not too steep during the hourly hours. Cardano shed 2 per cent, whereas Bitcoin and Ethereum retreated a per cent each. New Delhi: Crypto market continued to remain under pressure amid thin trading volumes on Monday. Bitcoin […]