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G20 chair India says talks underway for global framework on crypto rules Discussions are underway on a global framework to regulate crypto assets, India's finance minister said on Tuesday, adding that cryptocurrencies could not be regulated efficiently without the co-operation of all countries. "India's (G20) presidency has put on the table key issues related to regulating or understanding that there should be a framework for handling issues related to crypto assets," Nirmala Sitharaman said at an event in the financial capital of Mumbai. &...
G20 chair India says talks underway for global framework on crypto rules
G20 chair India says talks underway for global framework on crypto rules
Source: Reuters
5/09/2023 11:22:37 AM
Settle with Binance over asset freeze, judge urges US SEC A US judge has urged the Securities and Exchange Commission (SEC) to reach a settlement with crypto exchange Binance to let it continue operating in the US. The New York Times reported that Judge Amy Berman Jackson of the US District Court for the District of Columbia asked the two sides to reach a compromise over the asset freeze. She ordered both the parties to continue negotiating and submit a status update by Thursday. The judge also expressed skepticism about the SEC's use o...
Settle with Binance over asset freeze, judge urges US SEC
Settle with Binance over asset freeze, judge urges US SEC
Source: IANS
14/06/2023 10:07:21 AM
CoinSwitch facilitates nearly $25 mn in funding to 12 Web3 startups Crypto investing platform CoinSwitch on Tuesday said it has facilitated nearly $25 million in funding in 12 promising startups via its Web3 Discovery Fund. The fund, launched under CoinSwitch Ventures last year, empowers early-stage startups developing Blockchain-based solutions for the Web3 landscape. In less than nine months, the fund has expanded its VC investor network from six to over 70 participants, the company said in a statement. "Our fund's philosophy was born out ...
CoinSwitch facilitates nearly $25 mn in funding to 12 Web3 startups
CoinSwitch facilitates nearly $25 mn in funding to 12 Web3 startups
Source: IANS
30/05/2023 6:16:03 PM
Global consensus essential for crypto assets regulation: FM Nirmala Sitharaman Finance Minister Nirmala Sitharaman on Sunday emphasised on the need for global consensus for regulating crypto assets. Addressing a series of events in Bengaluru, she said that any kind of regulation on crypto assets would require every nation's consent, otherwise it would not be effective. Sitharaman added that India under its G20 presidency has kept crypto assets regulation as an agenda item for this year. The IMF has given a paper on crypto-currency and the way it can affect ...
Global consensus essential for crypto assets regulation: FM Nirmala Sitharaman
Global consensus essential for crypto assets regulation: FM Nirmala Sitharaman
Source: IANS
23/04/2023 5:40:05 PM
Crypto Assets is an issue that requires immediate attention from G20: FM Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman has said that 'Crypto Assets' is an issue that requires immediate attention from the G20 and "our response has to ensure that we do not lose any potential benefits while protecting our economies from harm". Sitharaman made the remarks during a brainstorming session on "Macrofinancial Implications of Crypto Assets" with G20 Finance Ministers and Central Bank Governors at the International Monetary Fund (IMF) headquarters ...
Crypto Assets is an issue that requires immediate attention from G20: FM Nirmala Sitharaman
Crypto Assets is an issue that requires immediate attention from G20: FM Nirmala Sitharaman
Source: IANS
15/04/2023 12:30:13 PM
India says G20 members see need for global crypto regulations Indian Finance Minister Nirmala Sitharaman said on Thursday there was a greater acceptance among Group of 20 member countries that any new regulations on the crypto assets need to be globally coordinated, and said crypto assets not backed by central banks can fall and cause macroeconomic instability. "The G20 and its members agree that it's not going to be possible to have an independent, standalone country dealing with the crypto assets," Sitharaman told a news conference af...
India says G20 members see need for global crypto regulations
India says G20 members see need for global crypto regulations
Source: Reuters
14/04/2023 9:58:07 AM
G20 Finance Ministers agree to address debt stress, discuss Ukraine and crypto assets G20 Finance Ministers and Central Bank Governors (FMCBG) recognised the urgency to address debt vulnerabilities, including strengthening multilateral coordination toward addressing increasing debt distress in low-income and vulnerable middle-income countries, as well as challenges to the global economy, including Ukraine, during their two-day meeting, which concluded on Thursday in Washington. The members arrived at a consensus that global policy responses to crypto assets are required. ...
G20 Finance Ministers agree to address debt stress, discuss Ukraine and crypto assets
G20 Finance Ministers agree to address debt stress, discuss Ukraine and crypto assets
Source: IANS
14/04/2023 9:35:19 AM
Microsoft may add Crypto Wallet feature to Edge Microsoft is reportedly working on integrating a Crypto Wallet feature into its Edge browser, which will allow users to store, send, and receive crypto funds, as well as store NFTs. The new Crypto Wallet feature, which was first spotted by a Twitter user, appears to be still in development, with references to Microsoft internal testing, reports 'Windows Central'. The wallet is non-custodial and is integrated directly into Edge's existing wallet feature for storing payment ca...
Microsoft may add Crypto Wallet feature to Edge
Microsoft may add Crypto Wallet feature to Edge
Source: IANS
20/03/2023 10:03:11 AM
India hopes to broaden G20 discussion on crypto assets beyond financial integrity concerns With a view to inform policymakers on the broader macroeconomic and financial stability implications of crypto assets, the Indian Presidency requested the International Monetary Fund (IMF) to prepare a discussion paper on the topic for the 2ndAG20 Finance and Central Bank Deputies Meeting held in Bengaluru. During the meeting, a seminar titled "Policy Perspectives: Debating the Road to Policy Consensus on Crypto Assets" was held, as part of the Presidency's efforts to broaden...
India hopes to broaden G20 discussion on crypto assets beyond financial integrity concerns
India hopes to broaden G20 discussion on crypto assets beyond financial integrity concerns
Source: IANS
25/02/2023 4:16:52 PM
India finance minister and U.S. Treasury's Yellen discuss debt, crypto  Indian Finance Minister Nirmala Sitharaman and U.S. Treasury Secretary Janet Yellen discussed strengthening multilateral development banks, global debt vulnerabilities and crypto assets on the sidelines of the G20 finance chiefs meeting on Thursday, the finance ministry said. Yellen is expected to brief reporters later in the day and take part in a meeting of Group of Seven (G7) nations on the sidelines of the G20 meet. India is hosting the first major G20 event under its year-lon...
India finance minister and U.S. Treasury's Yellen discuss debt, crypto
India finance minister and U.S. Treasury's Yellen discuss debt, crypto
Source: Reuters
23/02/2023 2:48:23 PM
G20 finance chiefs to discuss debt, crypto, inflation G20 finance ministers and central bank governors will discuss debt troubles in developing economies, crypto currencies and global inflationary pressures at a meeting later this week, Indian officials said on Tuesday. The Feb. 22-25 meeting in the Nandi Hills summer retreat near Bengaluru is the first major event of India's G20 presidency. Other items on the agenda include reform of multilateral development banks, international taxation and securing adequate finance to combat climate...
G20 finance chiefs to discuss debt, crypto, inflation
G20 finance chiefs to discuss debt, crypto, inflation
Source: Reuters
21/02/2023 2:20:16 PM
Dollar clings to gains after U.S. data; traders eye Fed next week The dollar clung to modest gains against the euro on Friday after data showed falling U.S. consumer spending and cooling inflation, and as investors awaited a slew of central bank meetings next week. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, dropped 0.2% last month, the Commerce Department said on Friday. Data for November was revised lower to show spending slipping 0.1% instead of gaining 0.1% as previously reported. Economists polled by Reuters...
Dollar clings to gains after U.S. data; traders eye Fed next week
Dollar clings to gains after U.S. data; traders eye Fed next week
Source: Reuters
28/01/2023 9:07:35 AM
Government to put in place principle-based legal framework to catalyse India`s Techade: MoS IT The government will put in place a less prescriptive and more principle-based and comprehensive legal framework for catalysing India's Techade and to build a trillion-dollar economy, Minister of State for Electronics and IT, Rajeev Chandrasekhar, said on Thursday. The government is working on a comprehensive legal framework that will include legislations like the proposed Digital Personal Data Protection Bill, the National Data Governance Framework, the amended IT Rules, and the upcomi...
Government to put in place principle-based legal framework to catalyse India`s Techade: MoS IT
Government to put in place principle-based legal framework to catalyse India`s Techade: MoS IT
Source: IANS
20/01/2023 10:06:45 AM
NFT marketplace SuperRare slashes 30% of its workforce As crypto winter deepens, the non-fungible token (NFT) marketplace SuperRare is slashing 30 per cent of its workforce, its CEO John Crain has announced. In a screenshot posted on Twitter, Crain said they over-hired and he takes full A A ownership of this "mistake". "To correct course, we have made the difficult decision to rightsize our team, ensuring that SuperRare Labs will be able to continue serving our community of artists, collectors and curators while remaining the...
NFT marketplace SuperRare slashes 30% of its workforce
NFT marketplace SuperRare slashes 30% of its workforce
Source: IANS
7/01/2023 2:50:55 PM
Only 2% of cryptocurrencies have a `healthy` liquidity, finds study As major crypto exchanges like FTX go bankrupt amid high volatility, almost 90 per cent of cryptocurrencies have a low trading volume, with just 2 per cent of crypto coins having a healthy liquidity, a new study has found. There are only 153 crypto coins with high volume that are traded in many exchanges. In contrast, there are 5,886 cryptocurrencies with very low volume that are traded in a very small number of exchanges, according to the report compiled by BitStacker. This reaffirms t...
Only 2% of cryptocurrencies have a `healthy` liquidity, finds study
Only 2% of cryptocurrencies have a `healthy` liquidity, finds study
Source: IANS
17/12/2022 9:31:01 AM
Binance CEO says deposits returning after mega $1.14 bn withdrawals Amid the FTX collapse saga, customers withdrew $1.14 billion in just 12 hours from leading crypto exchange Binance and according to its CEO, the massive withdrawals were "handled with ease" and "things seem to have stabilised" now. Customers pulled billions of dollars of funds from the exchange, amid fears about the state of the cryptocurrency industry following the collapse of FTX and arrest of its former CEO, Sam Bankman-Fried (SBF), from the Bahamas by the US authori...
Binance CEO says deposits returning after mega $1.14 bn withdrawals
Binance CEO says deposits returning after mega $1.14 bn withdrawals
Source: IANS
15/12/2022 5:54:32 PM
Crypto retains lure in Latin America`s inflation hotspots The "crypto winter" has shattered the money-making hopes of many small investors around the world, but in inflation-plagued Argentina, cryptocurrency converts are holding on. Inflation is expected to reach 100% this year in South America's No. 2 economy, and for many Argentine retail investors the priority is to protect the value of their savings - traditionally by buying dollars, but increasingly virtual coins. "Some people got into bitcoin because they thought they&...
Crypto retains lure in Latin America`s inflation hotspots
Crypto retains lure in Latin America`s inflation hotspots
Source: Reuters
15/12/2022 10:14:07 AM
G20 wants to build policy consensus on crypto assets The Group of 20 (G20) countries are striving to build a policy consensus on crypto assets to inform better global regulation, India's federal economic affairs secretary Ajay Seth said on Wednesday. India, which currently holds the G20 presidency, is hosting the group's first meeting of finance and central bank deputies on Dec. 13-15 in Bengaluru. The implications of crypto assets for the economy, monetary policy and the banking sector should be studied to inform this consensus, ...
G20 wants to build policy consensus on crypto assets
G20 wants to build policy consensus on crypto assets
Source: Reuters
15/12/2022 9:33:12 AM
Binance launches proof-of-reserves system for Bitcoin reserves World's largest crypto exchange Binance has launched a new website to explain its proof-of-reserves system, and is starting with Bitcoin (BTC) reserves. The company currently has a 101 per cent reserve ratio. This indicates that it has enough BTCs available to cover every user's balance, reports TechCrunch. With the new proof-of-reserves website, the crypto exchange company confirmed that its own money is not included in the BTC wallets used in the proof-of-reserves system. &...
Binance launches proof-of-reserves system for Bitcoin reserves
Binance launches proof-of-reserves system for Bitcoin reserves
Source: IANS
26/11/2022 11:53:31 AM
Binance looks to hire 8K people by 2023 end: CEO Binance CEO Changpeng Zhao has stated that the company is targeting to hire 8,000 people by the end of the year. "At the time of this tweet , @Binance had 5900 people. Today we have 7400+ people. Targeting 8000 or so by end of year. Hiring continues," he tweeted. Changpeng also highlighted an older tweet from June 15 that stated: "It was not easy saying no to Super Bowl ads, stadium naming rights, and large sponsor deals a few months ago, but we did". It was a job po...
Binance looks to hire 8K people by 2023 end: CEO
Binance looks to hire 8K people by 2023 end: CEO
Source: IANS
24/11/2022 9:33:58 AM
Dollar cedes some ground, bitcoin hunkers down The dollar retreated on Tuesday after rallying the previous day when investors rushed to the safe-haven currency on worries about China's COVID flare-ups, while fears of fresh contagion from the collapse of crypto exchange FTX pressured bitcoin. The euro was up 0.3% at $1.0265 after an 0.8% loss on Monday, sterling rose 0.46% to $1.187, partially reversing its 0.6% fall, and the dollar was at 141.86 yen, down 0.6% after a 1.2% gain. Flows to the dollar on Monday came as Beijing warn...
Dollar cedes some ground, bitcoin hunkers down
Dollar cedes some ground, bitcoin hunkers down
Source: Reuters
22/11/2022 9:21:48 PM
Multicoin expects FTX contagion to grip crypto industry for weeks Multicoin Capital, a crypto venture firm, has told investors that the collapse of FTX and the price drop across the industry has pushed the fund down 55 per cent this month, and that worse is on the way before the market recovers. Multicoin said there is a chance the firm will recover some of its funds from FTX, but because these assets are now wrapped up in bankruptcy proceedings, it expects them to be marked below zero, reports CNBC. It's an abrupt reversal for Multicoin, which re...
Multicoin expects FTX contagion to grip crypto industry for weeks
Multicoin expects FTX contagion to grip crypto industry for weeks
Source: IANS
20/11/2022 3:23:43 PM
Asia shares rise while oil falls on China COVID outlook  Asian share markets were higher on Tuesday and oil was weaker as investors sought to digest the economic implications of China's COVID-19 policy adjustments and a rescue package for the country's struggling property sector. MSCI's broadest index of Asia-Pacific shares outside Japan was up 2%, following mild losses for U.S. shares overnight. Australian shares lost 0.07%, while Japan's Nikkei stock index was up 0.18% after initially trading in negative territory. ...
Asia shares rise while oil falls on China COVID outlook
Asia shares rise while oil falls on China COVID outlook
Source: Reuters
15/11/2022 8:43:40 AM
U.S. dollar surges as traders say markets overreacted to U.S. inflation data The U.S. dollar rose against the euro and sterling on Monday, after sliding to multi-month lows, as expectations of a less aggressive Federal Reserve interest rate hike faded with traders saying market overreacted to a modest miss on U.S. inflation. Last week, the dollar index fell 4%, marking its worst week in more than two and half years, after data showing U.S. consumer prices rose less than expected in October, rising bets the Fed would scale back its hefty interest rate hikes. But ...
U.S. dollar surges as traders say markets overreacted to U.S. inflation data
U.S. dollar surges as traders say markets overreacted to U.S. inflation data
Source: Reuters
14/11/2022 8:06:42 PM
Shares and bonds chastened as Fed, ECB urge care Shares steadied and bond yields remained close to multi-year highs on Monday after U.S. and European central bankers encouraged caution as they battle to curb inflation via rate hikes, without throttling growth. U.S. Federal Reserve Governor Christopher Waller on Sunday warned investors against getting carried away over a single data point showing signs of success in the battle against inflation, saying it would take a string of soft reports for the bank to take its foot off the brakes. ...
Shares and bonds chastened as Fed, ECB urge care
Shares and bonds chastened as Fed, ECB urge care
Source: Reuters
14/11/2022 7:37:30 PM
Wall St heads higher as Fed rate hopes dent dollar Global stocks rose on Friday for a second day on hopes that peaking U.S. inflation means less aggressive rate hikes from the Federal Reserve, leaving the dollar facing its biggest two-day drop in almost 14 years. Oil prices jumped after health authorities in top global crude importer China eased some of the country's heavy COVID curbs. On Wall Street, stock futures were firmer, indicating that the S&P 500 and Nasdaq would add to their biggest daily percentage gains in over 2-1/2...
Wall St heads higher as Fed rate hopes dent dollar
Wall St heads higher as Fed rate hopes dent dollar
Source: Reuters
11/11/2022 8:15:49 PM
Dollar set for biggest two-day fall since 2009 as rate outlook shifts The dollar headed for its biggest two-day drop in almost 14 years on Friday, as investors piled into riskier assets after a cooler reading of U.S. inflation helped temper expectations for the Federal Reserve to keep raising rates as quickly. Data on Thursday showed consumer inflation rose 7.7% year-on-year in October, its slowest rate since January and below forecasts for 8%. The dollar staged its biggest drop since late 2015 on Thursday as Treasury yields plunged, while other currencie...
Dollar set for biggest two-day fall since 2009 as rate outlook shifts
Dollar set for biggest two-day fall since 2009 as rate outlook shifts
Source: Reuters
11/11/2022 7:50:35 PM
Dollar slumps after CPI data suggests Fed may ease rate hikes The dollar fell sharply on Thursday after U.S. consumer prices rose less than expected last month and data pointed to underlying inflation having peaked, opening the way for the Federal Reserve to slow its aggressive interest rate hikes. The consumer price index rose 0.4% in October, the same increase in the prior month, the Labor Department said. Economists polled by Reuters had forecast the CPI would advance 0.6%. Excluding volatile food and energy, core CPI increased 0.3% month-over-...
Dollar slumps after CPI data suggests Fed may ease rate hikes
Dollar slumps after CPI data suggests Fed may ease rate hikes
Source: Reuters
10/11/2022 8:30:36 PM
Marketmind: CPI catches the eye, crypto crumbles A look at the day ahead in Asian markets from Jamie McGeever. All eyes are turning to the latest U.S. inflation figures, but all tongues are wagging about the crash in crypto. The October snapshot of U.S. consumer prices comes at a slightly more nervous juncture for markets than even a few days ago. Not only has the FTX collapse triggered turmoil across the crypto universe, Meta Inc. laying off 13% of its workforce has brought the tech and economic outlook back into sharp focus. U.S....
Marketmind: CPI catches the eye, crypto crumbles
Marketmind: CPI catches the eye, crypto crumbles
Source: Reuters
10/11/2022 8:56:31 AM
India to press for collective efforts to deal with spillovers of activities in advanced economies at G20: Nirmala Sitharaman Finance Minister Nirmala Sitharaman said India will press for collective efforts to deal with the spillovers of happenings in advanced economies as well as global regulation of crypto assets to check terror funding under its G20 presidency. She outlined eight priority areas, including reforms in multilateral institutions and food and energy security, for discussion under its G20 presidency which will begin from December 1. India will take over the presidency of G20, which is a grouping of 20 ...
India to press for collective efforts to deal with spillovers of activities in advanced economies at G20: Nirmala Sitharaman
India to press for collective efforts to deal with spillovers of activities in advanced economies at G20: Nirmala Sitharaman
Source: Accord Fintech
2/11/2022 10:15:23 AM
Ethereum`s dominance in crypto market up 20% after the `Merge`  The domiannce of Ethereum, the second largest cryptocurrency after Bitcoin, is up 20 per cent in the global crypto market following the 'Merge', a report shpowed on Wednesday. The historic upgrade of Ethereum, known as the 'Merge', last month will create a more energy-efficient network based on the second largest cryptocurrency with a promise to save the environment. According to niche news publisher BanklessTimes.com, the Ethereum merge created a lot of Buzz, with...
Ethereum`s dominance in crypto market up 20% after the `Merge`
Ethereum`s dominance in crypto market up 20% after the `Merge`
Source: IANS
27/10/2022 9:17:33 AM
Crypto losses reach $428 mn in Q3 globally, hacks top concern  The world saw crypto losses up to $428 million in the third quarter (Q3), down 36 per cent from Q2, from hacks and frauds, a new report has shown. An analysis of the crypto losses by bug bounty platform Immunefi found that fraud accounts for only 7 per cent of the total losses in the Q3 2022, while hacks account for 93 per cent. "The global Web3 space was valued at $3 trillion in 2021, and with billions locked across different smart contracts, this capital represents an unpar...
Crypto losses reach $428 mn in Q3 globally, hacks top concern
Crypto losses reach $428 mn in Q3 globally, hacks top concern
Source: IANS
5/10/2022 2:20:46 PM
WazirX co-founder Nischal Shetty raising up to $20 mn for new Blockchain venture Crypto exchange WazirX's co-founder Nischal Shetty is raising $17-$20 million for his new Blockchain-based venture called Shardeum. According to sources, the funding will take the valuation of Shardeum, which Shetty is building with his US-based Co-founder and Blockchain architect Omar Syed, to nearly $200 million. Shetty told IANS that the startup is raising seed funds, and will soon make it official once the round is completed. "We're thrilled to have support from some...
WazirX co-founder Nischal Shetty raising up to $20 mn for new Blockchain venture
WazirX co-founder Nischal Shetty raising up to $20 mn for new Blockchain venture
Source: IANS
23/08/2022 4:45:43 PM
CoinSwitch's Web3 Discovery Fund to empower up to 100 Indian startups  India's largest Crypto investing app CoinSwitch has announced a Web3 Discovery Fund, which will invest in and incubate early-stage startups building blockchain solutions for the rapidly evolving Web3 landscape. The Web3 Discovery Fund will curate portfolio startups and provide single-window access to marquee investor partners Tiger Global, Ribbit Capital, Coinbase Ventures, Sequoia Capital India, Woodstock Fund and Elevation Capital (ex-SAIF partners), and incubation partner Buid...
CoinSwitch's Web3 Discovery Fund to empower up to 100 Indian startups
CoinSwitch's Web3 Discovery Fund to empower up to 100 Indian startups
Source: Accord Fintech
10/08/2022 10:47:30 AM
Factbox: Companies cut jobs, freeze hiring to prepare for economic slowdown (Reuters) - Technology companies, crypto exchanges and financial firms are cutting jobs and slowing hiring as global economic growth slows due to higher interest rates, red-hot inflation and an energy crisis in Europe. In a sign of a tough second half of the year, growth in the world's largest economy, the United States, shrank for the second straight quarter, while in the euro zone business growth slowed sharply in June due to rising cost of living. LAYOFFS: Company name Date La...
Factbox: Companies cut jobs, freeze hiring to prepare for economic slowdown
Factbox: Companies cut jobs, freeze hiring to prepare for economic slowdown
Source: Reuters
5/08/2022 7:09:14 PM
Crypto broker Voyager suspends all trading, withdrawals, deposits Cryptocurrency broker Voyager Digital (VYGVF) has suspended all trading, deposits withdrawals and loyalty rewards, as top crypto hedge fund Three Arrows Capital (3AC) filed for bankruptcy in the US, in which Voyager has made significant investments. Voyager disclosed in a statement that it had significant investments in 3AC, and the Singapore-based hedge fund failed to make payments on its loan of 15,250 BTC ($294 million) and $350 million USDC. "This was a tremendously difficult d...
Crypto broker Voyager suspends all trading, withdrawals, deposits
Crypto broker Voyager suspends all trading, withdrawals, deposits
Source: IANS
3/07/2022 11:07:19 AM
After terrible first half, 2022 may bring more bad news for US markets US markets are beginning to fear that they are not even halfway through the bad news the year 2022 has in store, media reports said. The first six months were full of surprises: Inflation, the biggest selloff in bonds in four decades, a plunge in tech stocks rarely matched in history, and the implosion of crypto, the Wall Street Journal reported. The looming risk that investors ignored for months is recession. But whether the economy will slump or be just fine remains unknown. Attempts ...
After terrible first half, 2022 may bring more bad news for US markets
After terrible first half, 2022 may bring more bad news for US markets
Source: IANS
3/07/2022 9:23:21 AM
Electricity used to mine bitcoin decreased sharply as crypto crisis widens The amount of electricity consumed by the largest cryptocurrency networks has decreased by up to 50 per cent as the "crypto winter" continues to eat at the incomes of "miners" and financial contagion spreads further throughout the sector, media reports said. The electricity consumption of the bitcoin network has fallen by a third from its high of June 11, down to an annualised 131 terawatt-hours a year, according to estimates from the crypto analyst Digiconomist, The Gu...
Electricity used to mine bitcoin decreased sharply as crypto crisis widens
Electricity used to mine bitcoin decreased sharply as crypto crisis widens
Source: IANS
25/06/2022 9:58:57 AM
Crypto lender Celsius blocks withdrawals due to 'extreme market conditions' Crypto lending platform Celsius announced on Monday that it is pausing all withdrawals citing "extreme market conditions", media reports said. The controversial company -- which has lent out more than $8 billion and managed nearly $12 billion in assets as of May -- has not announced a timeline for when the withdrawals will resume. "Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts,"...
Crypto lender Celsius blocks withdrawals due to 'extreme market conditions'
Crypto lender Celsius blocks withdrawals due to 'extreme market conditions'
Source: IANS
14/06/2022 9:01:46 AM
Crypto lender Celsius Network pauses all withdrawals, transfers Leading crypto lender Celsius Network has announced to pause all withdrawals, swap and transfers between accounts due to "extreme market conditions". The decision led to a nearly 55 per cent crash in the price of its digital token 'CELL' to as low as 19 cents. "We are taking this action today to put Celsius in a better position to honour, over time, its withdrawal obligations," the crypto lender said in a statement late on Sunday. Celsius Network is a Bloc...
Crypto lender Celsius Network pauses all withdrawals, transfers
Crypto lender Celsius Network pauses all withdrawals, transfers
Source: IANS
13/06/2022 11:30:23 AM
Singapore launches new project to test digital asset tokenisation and DeFi As the global crypto market grapples with uncertainties amid government crackdowns, Singapore on Tuesday launched a new project to explore the tokenisation of financial assets and develop the future of Blockchain-based finance infrastructure. "Project Guardian", a collaboration between the Monetary Authority of Singapore and the finance industry, will explore potential decentralised finance (DeFi) applications in wholesale funding markets, while working to manage risks to financi...
Singapore launches new project to test digital asset tokenisation and DeFi
Singapore launches new project to test digital asset tokenisation and DeFi
Source: IANS
1/06/2022 2:26:51 PM
We are creating a simplified investing ecosystem: Crypto unicorn CoinSwitch Crypto is an emerging yet attractive asset class. It is a $1.25 trillion market globally. The India adoption story is no different with nearly 20 million unique users, over $6.6 billion in investments and more than a billion dollars in venture capital funding. India is already the second-largest in terms of crypto adoption globally. Crypto in India has come a long way but this is just the beginning -- Crypto is a billion people industry in the making. Govind Soni, Co-Founder and Chie...
We are creating a simplified investing ecosystem: Crypto unicorn CoinSwitch
We are creating a simplified investing ecosystem: Crypto unicorn CoinSwitch
Source: IANS
30/05/2022 4:53:22 PM
Andreessen Horowitz announces new $4.5 bn fund for Web3.0 startups Leading investment firm Andreessen Horowitz (A16Z) on Wednesday announced a new $4.5 billion fund for crypto and blockchain companies and startups (or Web3.0 startups), as the global crypto market undergoes turmoil with Bitcoin losing nearly 50 per cent of its worth from November last year. It marks Andreessen's fourth fund for the asset class and brings its total raised for crypto and Blockchain investments to $7.6 billion. According to the investment firm, in the last decade, the ...
Andreessen Horowitz announces new $4.5 bn fund for Web3.0 startups
Andreessen Horowitz announces new $4.5 bn fund for Web3.0 startups
Source: IANS
26/05/2022 8:07:32 AM
Regulators must put up guardrails to protect crypto investors: IMF official After a week-long mayhem in the global crypto exchanges that wiped out hundreds of billions of dollars, a senior official at the International Monetary Fund (IMF) has said that the regulators must put up guardrails to protect innocent investors. The shocking implosion of the TerraUSD stablecoin and Luna cryptocurrencies last week threw many young investors into a panic, some of them saying their entire assets were blown up or even leaving suicidal messages. Kristalina Georgieva, the IMF...
Regulators must put up guardrails to protect crypto investors: IMF official
Regulators must put up guardrails to protect crypto investors: IMF official
Source: IANS
24/05/2022 4:21:51 PM
Walmart to Target to FAANGM to crypto - the bears rule for now The NASDAQ composite index was at 13,619 on April 19. On Wednesday, just a month later, this cheerleader of technology stood mauled -- nearly 2,200 points down at 11,418. Over 16 per cent of investor wealth had vanished in a terrible April that seems to spill over. After notching its worst month since 2008 in April, the tech-heavy index continues to deflate this month too, with many in danger of seeing their gains from the pandemic's earlier phases, boosted by the remote-everything boo...
Walmart to Target to FAANGM to crypto - the bears rule for now
Walmart to Target to FAANGM to crypto - the bears rule for now
Source: IANS
19/05/2022 9:17:32 AM
OnMobile Global zooms on launching Crypto payments for players globally on ONMO platform Onmobile Global is currently trading at Rs. 170.45, up by 10.65 points or 6.66% from its previous closing of Rs. 159.80 on the BSE. The scrip opened at Rs. 162.90 and has touched a high and low of Rs. 174.70 and Rs. 160.45 respectively. So far 574572 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 190.90 on 26-Apr-2022 and a 52 week low of Rs. 94.20 on 27-Dec-2021. Last one week high and low of the scrip stood ...
OnMobile Global zooms on launching Crypto payments for players globally on ONMO platform
OnMobile Global zooms on launching Crypto payments for players globally on ONMO platform
Source: Accord Fintech
4/05/2022 3:44:21 PM
Ukraine raises over $15 mn in crypto post Russian invasion Ukraine has raised over $15 million in cryptocurrencies since the Russian invasion began last week. The global crypto community has also extended its support to Ukraine. Vitalik Buterin, the creator of Ethereum, tweeted that the invasion was a "crime" against Ukrainian and Russian people, adding "Glory to Ukraine." More than $15 million in cryptocurrency has been donated to Ukrainian groups since Russia attacked the country on February 24, according to research firm ...
Ukraine raises over $15 mn in crypto post Russian invasion
Ukraine raises over $15 mn in crypto post Russian invasion
Source: IANS
27/02/2022 12:03:46 PM
Yen bid, bitcoin battered as Ukraine fears leave traders nervous HONG KONG - The safe-haven yen gained more ground on the dollar on Friday as U.S. President Joe Biden said Moscow is preparing a pretext to justify a possible attack on Ukraine, also supporting the Swiss franc and hurting bitcoin. The dollar slipped to a new two-week low of 114.78 yen in early Asia trade, and is down 0.5% so far this week. "The support level of 114.63 looks within reach today if more negative headlines on Ukraine emerge," said CBA analysts in a morning client ...
Yen bid, bitcoin battered as Ukraine fears leave traders nervous
Yen bid, bitcoin battered as Ukraine fears leave traders nervous
Source: Reuters
18/02/2022 8:50:28 AM