cryptocurrencies

The correlation between stock and crypto-asset prices has risen significantly since 2020 and the digital assets today share similar risk profiles to oil commodity prices and technology stocks, according to Cesare Fracassi, Chief Economist at Coinbase Global Inc (NASDAQ: COIN). The market...

About 83% of traders believe that the government’s decision to levy 1% Tax Deducted at Source (TDS) on transactions involving digital assets has deterred their trading frequency, according to a survey. Also, around 24% of respondents are contemplating shifting their trading activities to...

The Monetary Authority of Singapore (MAS) is considering the introduction of additional consumer protection safeguards on cryptocurrencies, the country’s Minister in charge of MAS Tharman Shanmugaratnam said. Shanmugaratnam, responding to a written query from Murali Pillai, a Member of...

Crypto scammers briefly hacked the official Twitter, YouTube and Facebook accounts of the British army to promote certain non-fungible token (NFT) collections and phishing scams. The press office of the Ministry of Defence confirmd Monday that it was aware of the breach and that an investigation...

Trading volumes on major exchanges have taken a massive hit this week. On July 3, trading volumes on WazirX were down about 83%, compared to June 30 Volumes on CoinDCX, ZebPay and Bitbns were down 70%, 76%, and over 18% respectively, according to research services provider Crebaco. On Monday,...

The European Union has finalized rules for transfers of cryptocurrency assets such as Bitcoin and electronic money tokens to ensure digital currencies can be traced like traditional cash. The legislation is part of the new EU anti-money laundering package and will be aligned with the Markets in...

NFT marketplace OpenSea has suffered a data breach. “If you have shared your email with OpenSea in the past, you should assume you were impacted," the company said in a prepared statement. "We are working with Customer.io in their ongoing investigation, and we have reported this...

About 39% of millennials own cryptocurrencies, higher than the percentage of those owning mutual funds and about equal to the number of millennials who own individual stocks, according to a report. A new study by investing firm Alto, finds that millennials aged 25 to 40, who own cryptocurrencies,...

A court in the British Virgin Islands has ordered the liquidation of crypto hedge fund Three Arrows Capital (3AC), after the company suffered major losses in the recent market turmoil. According to a report by Sky News, partners from Teneo, a global CEO advisory firm, are handling...

Amid bearish market sentiments, crypto data provider Kaiko announced on Tuesday it has raised $53 million in a Series B funding round to further consolidate its position globally and strengthen its institutional data products and infrastructure. The round was led by Eight Roads, with...

The world’s richest man shared that he is buying a leading meme cryptocurrency in the recent crypto bear market. Here’s a look at how much a small investment could grow. What Happened: Over the weekend, Tesla Inc (NASDAQ: TSLA) CEO Elon Musk shared that he is still supporting Dogecoin (...

Cryptocurrencies are crashing in value with fear of higher inflation and holders liquidating positions. Here’s a look at how much a small investment in a leading cryptocurrency could be worth if all-time highs are hit once again. What Happened: Ethereum (CRYPTO: ETH) is among the...

Farfetch (NYSE: FTCH) announced a partnership Friday with the Lunu platform stating that they are to start accepting payments in seven different cryptocurrencies, including Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Binance Coin (CRYPTO: BNB). What Happened: In a tweet by Wu...

In a report released yesterday, Deloitte stated over three-quarters of retail merchants will accept payments in cryptocurrencies and stablecoins in the next two years. What Happened: On June 8, 2022, Deloitte, in partnership with Paypal Holdings Inc (NASDAQ: PYPL), released the report...

Sen. Cynthia Lummis (R-WY) and Sen. Kirsten Gillibrand (D-NY) will introduce on June 7 the Responsible Financial Innovation Act, which proposes integrating digital assets formally into the American financial systems. With bipartisan backing and thorough effort, this proposed legislation...