Tag: ethdai

The Indian cryptocurrency bill has brought a ton of hype and speculations around the government's probable regulatory path. Many mainstream and reputable media houses have been found peddling false narratives and fear- mongering, despite the Indian Finance Minister's assurance regarding a positive approach. The latest FUD surrounding the Indian crypto bill is regarding possible jail terms The post Crypto FUD: Debunking Myths Surrounding Upcoming...

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After the crypto exchange, Bitmart fell prey to one of the biggest hacks in crypto's recent history, amounting to $196 million in investors’ funds, the exchange has also experienced a wave of support from the entire crypto community. Earlier today, the official Twitter account of the trending meme token, Shiba Inu mentioned Bitmart's hack in one of The post Shiba Inu Comes to...

The crypto market saw the most unexpected crash over the weekend, experiencing the highest liquidation recorded in past 15months, with more than $2.5 billion worth of leveraged positions getting liquidated in merely 24-hours. While the market cap dropped by nearly 20% with the loss of over $500 billion, Bitcoin enthusiast and the Salvadoran President, Nayib Bukele The post El Salvador President Bought the...

After a...

As the air cleared around crypto ban speculations in India, it appears that a pro-crypto wave is about to hit the developing nation's markets. The exclusive update revealed that Kotak Bank has allowed India's biggest crypto exchange, WazirX to open an account with the financial institution to facilitate both, credit and debit for investors trading on The post Crypto India: Nation’s Biggest Crypto...

Binance, the...

After a massive correction and bloodbath...

Since China's central government levied cryptocurrency mining as an obsolete industry, smaller provinces are beginning to follow the electricity price hike rule for crypto mining activities. According to the Chinese Journalist, Colin Wu, Hainan Province just announced the implementation of higher electricity price of US$0.13 (0.8 yuan) per kilowatt-hour for cryptocurrency mining operations in the The post China Crypto Ban: This Province Just...

The crypto market recorded its worst day in six months as the majority of cryptocurrencies bled out in double digits. The crypto market mayhem saw the biggest liquidation day in 15 months as over $2.5 billion worth of leveraged positions got liquidated over the past 24-hours. The overall market cap fell by nearly 20% with The post Here's What Led to the $500...

Nobody saw it coming, the latest development in the XRP lawsuit is the ultimate cliffhanger for the SEC's long-standing Deliberative Process Privilege (DPP) argument. Judge Netburn has ordered both parties to submit supplemental briefs by December 8, on Defendants' Motion to Compel, referring to the 11/29 decision by U.S. Court of Appeals in an unrelated case The post XRP Lawsuit: This Development in...

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The latest update in the controversial Indian Crypto Bill saw the Finance Minister, Nirmala Sitharaman consider the underlying technological boon that comes with the industry's banes. While speaking at the 'Agenda Aaj Tak' event in Delhi yesterday, Sitharaman noted that the crypto bill is in anvil and will soon be sent for approval by the The post Indian Crypto Bill in Anvil, Govt....

Saturday crypto market mayhem saw the valuation of top cryptocurrencies fall in double digits and the market cap fell by nearly 20%. Bitcoin (BTC) dropped to a 2-month low of $42.848 and its market cap fell below $1 trillion, Ethereum (ETH) also fell to a monthly low below $4,000. The crypto market bloodbath today might The post Crypto Market's Loss Turns El Salvador's...

The broader cryptocurrency market has plunged once again by eroding more than $350 billion worth of investors' wealth in the last 24-hours. The world's two largest cryptocurrencies have plunged 12% as of writing this story moving to their crucial support levels. The recent market correction comes as Omicron Covid variant fear spreads across the global The post Bloodbath on the Satoshi Street, Bitcoin...

Amid the...

The Indian Finance Minister, Nirmala Sitharaman noted that to regulate a borderless body like crypto, global authorities need to come together and find common ground. During a discussion today at an event organised by Infinity Forum, about how India should regulate virtual currencies, Sitharaman highlighted that "technology has the power to sweep through borders", henceforth, The post Here’s What the Indian "Crypto Asset"...

The crypto market...