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Cryptocurrency
Over half of Bitcoin’s daily trading volume fake globally: Report
San Francisco : More than half of all Bitcoin daily trading volumes are reportedly fake, as the world's largest cryptocurrency nosedives again amid global economic turmoil.
According to a Forbes analysis of 157 crypto exchanges and…
Bitcoin plunges below $20K, may reach $10K level this year
New Delhi : After showing some stabilisation in the last few weeks, world's largest cryptocurrency Bitcoin has plunged once again below $20,000 after Federal Reserve Chair Jerome Powell's keynote address.
Bitcoin initially showed little…
Crypto scam revenue slips 65% amid economic downturn
New Delhi : As the global downturn continues, the crypto scam revenue for 2022 also dropped 65 per cent at $1.6 billion this year, lower than where it was through the end of July in 2021.
Since January 2022, scam revenue has fallen more…
UN trade body urges actions to curb cryptocurrencies in developing countries
United Nations : The UN Conference on Trade and Development (UNCTAD) called for action to curb cryptocurrencies in developing countries in three policy briefs.While private digital currencies have rewarded some, and facilitate remittances,…
Crypto exchange Zipmex pauses withdrawals until further notice
New Delhi : Singapore-headquartered crypto exchange Zipmex has announced to pause withdrawals until further notice, becoming another crypto company to bear the brunt of volatile market conditions.The digital assets exchange has operations…
Crypto-friendly Singapore plans tough regulations amid global upheaval
Singapore : Amid the global crypto meltdown, Singapore, which has a clear licensing and regulatory framework, is going to act tough on crypto platforms in the coming months, a top Monetary Authority of Singapore (MAS) executive said on…
Now crypto lending platform Celsius Network files for bankruptcy
New Delhi : Cryptocurrency lending company Celsius Network, that recently laid off 150 employees, has now filed for bankruptcy in the US amid extreme market conditions.
The platform said that it initiated voluntary Chapter 11 bankruptcy…
Founders of crypto hedge fund Three Arrows Capital go missing
San Francisco : The founders of bankrupt cryptocurrency hedge fund Three Arrows Capital (3AC) have vanished and the officials charged with liquidating the company were looking for their whereabouts.The mega fund, founded by Credit Suisse…
Bitcoin may hit record-low of $10K per digital coin soon
New Delhi : As Bitcoin hovers below $20,000 per digital coin, industry experts fear that the leading cryptocurrency may tumble to $10,000 soon.Bitcoin, already down nearly 70 per cent from its record-high of $68,000 in November last year,…
Crypto losses up 52% to reach $670 mn in Q2 globally
New Delhi : The global cryptocurrency market lost at least $670 million in the April-June quarter (Q2), and 97 per cent of the losses were due to hacks and scams, a report said on Thursday.The crypto losses in the second quarter were up 52…