Category: Cryptocurrencies news

Bitcoin cryptocurrency financial news

ed probe: ED notices to top crypto sites seek info under FEMA

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, […]

bitcoin prices: Deutsche Bank sees Bitcoin at $28K! Is 40% rally possible amid slumber?

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 […]

MSTR Bitcoin: MicroStrategy’s Bitcoin holdings take a record $3.4 billion hit

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 […]