The past two months have seen a spectacular bear market in cryptocurrencies. This comes after a long bull run, which multiplied cryptocurrency market value, pulled in new investors, and led to serious investment houses setting up crypto indices and advising portfolio exposure to digital currencies. The value of cryptocurrencies.peaked early-mid November 2021. Since then, most…
The government will take a balanced view on the issue of regulation of cryptocurrencies as they have implications on the country’s financial stability, Principal Economic Adviser Sanjeev Sanyal said on Monday. Currently, there are no particular regulations or any ban on use of cryptocurrency in the country. The issue of cryptocurrency has not been covered…
The last 18 months or so have transformed the cryptocurrency world and it has grown faster than ever before. Due to the pandemic, more and more people have ventured into crypto trading for the first time and prices of certain cryptocurrencies from Ethereum to Floki Inu have inflated drastically. But what does the future of…
A black diamond weighing a staggering 555.55 carats is going up for auction at Sotheby’s and living up to its name “The Enigma.” Bidding opens on Feb. 3 at 6 a.m. PST (1400 GMT) and closes on Feb. 9, Sotheby’s said, adding cryptocurrency will be accepted for payment of the diamond. Sotheby’s said it is…
Professionals have a major piece of advice for those who traded cryptocurrency for the first time last year: Take your tax prep seriously. The IRS has been zooming in on cryptocurrency reporting with increasing interest in recent years. And the last thing you want is to lose money and time reconciling your tax liability, says…
The controversial cryptocurrency project that Mark Zuckerberg once defended in front of Congress is unraveling after regulatory pressure. The Diem Association, a cryptocurrency initiative once known as Libra backed by Meta Platforms, is weighing a sale of its assets as a way to return capital to its investor members, according to people familiar with the…
Facing regulatory hurdles, Meta (formerly Facebook) is reportedly winding up its ambitious yet controversial cryptocurrency project that its CEO Mark Zuckerberg once defended in front of the US Congress. Originally launched as Libra and later renamed as the Diem Association, the cryptocurrency initiative “is weighing a sale of its assets as a way to return…
Bitcoin is growing up. The original cryptocurrency turns 13 this year and is showing signs of becoming a more mature financial asset – but watch out for the teenage tantrums. This drift towards the mainstream, driven by the big bets of institutional investors, has seen Bitcoin become sensitive to interest rates and fuelled a sell-off…
World’s largest cryptocurrency exchange Binance on Monday launched its first ever Indian NFT collection inspired by Indian mythology and Southeast Asian, Japanese and Chinese folklore. The Indian NFT Collection, MetaMasters, whose unique selling proposition is bringing good fortune ‘888 times more money, wealth & profits for its collectors’ will be available for the 30 million…
The selling pressure in the global crypto market eased Monday after massive declines across digital tokens last week. Bitcoin, the largest cryptocurrency by market value, traded at about $35,350 as of 12:05 p.m. in Singapore. It touched a low of $34,042.77 over the weekend, a loss of more than 50% from its all-time high in…
