Synopsis The market cap of Bitcoin, the world’s largest cryptocurrency, hovered around $457.24 billion, with a dominance of about 42.47%, an increase of 0.18% over the day, according to CoinMarketCap. INSIGHTS Read Stock Insights by ET for a quick analysis NSEBSE Glance Finance Ltd. PEER COMPANIES Explore NowNew Delhi: The cryptocurrency market was trading in […]

Synopsis The current tax architecture should be changed to allow for set-off and carry forward of losses in VDAs similar to equity shares/derivatives. The 30% threshold was set in response to comparisons of digital assets with highly speculative avenues such as gambling, betting, and so on. However, VDAs are similar to securities trading and should, […]

Synopsis The slew of bad news has been relentless for the industry —from companies filing for bankruptcies to those laying off large chunks of their staff. Still, crypto faithfuls maintain belief in the coin even as the industry grapples with one of its darkest stretches yet amid the fallout from the FTX implosion. If any […]

Synopsis “Bitcoin was recently trading just below its most recent $23,000 support level. Bitcoin’s more than 35% rise this year has re-ignighted interest in crypto markets, even if analysts remain sceptical of its short-term prospects,” Rajagopal Menon, Vice President at WazirX said. INSIGHTS Read Stock Insights by ET for a quick analysis NSEBSE Glance Finance […]

Synopsis Cryptocurrencies are a type of digital asset that are not backed by any government or central bank. They are created through a process called mining, and they can be used to purchase goods and services. There is a lot of debate around cryptocurrencies, and in India, there is still some confusion about how to […]

Synopsis “The trading range of Bitcoin and Ether has begun to narrow as the two largest cryptocurrencies by market capitalization seek new areas of support. Following last week’s 8% and 5% gains, the price movement of BTC and ETH has yet to exceed a percentage point in the last two days,” Rajagopal Menon, Vice President, […]

Synopsis But this ignores the bigger picture. In the first few weeks of 2023, watchdogs have done a lot. On January 3, a joint statement by US bank regulators warned the industry of crypto risks creeping into the banking system. The wheels of justice turn slowly – the Gemini and Genesis complaint came too late […]

Synopsis Aptos rose the most among the top 100, rising more than 60% in the last seven days. “This rally was caused by a combination of a short squeeze and Aptos’ popularity in Asia, particularly China. The Chinese New Year was celebrated yesterday, which could have influenced Apto’s pump. INSIGHTS Read Stock Insights by ET […]

Synopsis Staking involves earning rewards by locking up Ether coins to help secure the Ethereum network. Crypto protocols like Lido offer liquid avatars of these locked up tokens for easier and more flexible access to staking rewards. ET BureauLido is the top decentralized project by total value of crypto sent to the platform. DeFi Llama […]

Synopsis “The crypto market had an exciting weekend with BTC crossing the $23,000 mark for the first time in 5 months. The demand for BTC is mainly driven by institutional investors who are increasing their holdings in anticipation of the next bull run. INSIGHTS Read Stock Insights by ET for a quick analysis NSEBSE Glance […]