Cryptocurrency

What is the Indian crypto industry expecting from Budget 2024? Here's the wishlist

Industry experts are looking forward to potential reforms in the upcoming budget to address critical challenges faced by the cryptocurrency sector in India. The focus is on tax reductions and regulatory changes to encourage growth and innovation within the industry.

New crypto token listings top last year’s total

The crypto market is witnessing a significant increase in new token listings on major exchanges, fueled by a rally in prices and evolving regulatory attitudes. Centralized exchanges like Binance and Bybit are leading the way, while startups are embracing tokens for financing and community expansion.

Cryptocurrency price on July 16: Bitcoin holds at $63,000 level, Altcoins trade mixed

Major crypto tokens had a mixed day with some recording gains and others facing losses. Bitcoin and Ethereum remained stable, with Bitcoin briefly touching $65,000.

Spot ether ETFs likely to begin trading July 23, industry sources say

The U.S. SEC approved ether ETFs by BlackRock, VanEck, and Franklin Templeton starting July 22. Ether's price increased to $3,433.07. SEC Chair Gary Gensler cited similarities to bitcoin ETF approval. Analysts predict $1 billion monthly inflows; Galaxy Research forecasts more volatility due to ether's $359 billion market value. Initial low hopes transformed with $33.1 billion in net inflows.

Bitcoin rises to $63,000 after Trump attack; Altcoins jump up to 6%

The cryptocurrency market surged after an assassination attempt on Trump at a Pennsylvania rally. Bitcoin rose 4.7% to $63,000, Ether 4.9% to $3,350, and other cryptos gained. Trump's pro-crypto stance, spotlighted in June, influenced markets. Biden challenges him. ZebPay reported increased BTC volume. Stablecoin volume hit $52.9 billion, boosting Polkadot and Shiba Inu.

‘Trump wins big’ meme stock surges in China

Shares of Chinese company Wisesoft Co. surged after assassination attempt on former US president Trump. Speculative trading based on homophones in China's stock market drives gains. South Korean defense and nuclear energy firms also see increase amidst speculation of Trump victory.

Bitcoin hits $60,000 as Trump shooting boosts re-election odds

Bitcoin rose as much as 2.7% to $60,160.71 as of 1:05 a.m. in New York. The most-traded crypto token had stabilized in recent days on optimism that ETFs from titans including BlackRock Inc. and Fidelity Investments offer the type of bedrock demand that can temper price swings.

What’s driving equity traders' participation in crypto market today?

Indian equity traders are increasingly drawn to the crypto market for several compelling reasons. The high volatility of crypto assets, characterized by substantial price swings within short periods, offers the potential for significant returns

Cryptocurrency price on July 12: Bitcoin falls below $57k; Solana, Polkadot tank up to 5%

However, earlier in the day, Bitcoin had reached $59,300 level after US inflation rates dropped to 3%, the lowest in four decades, signaling a possible end to the price spike.

Exploring the future of crypto derivatives: Insights from Delta Exchange

In a landscape where traditional finance meets cutting-edge technology, Pankaj Balani, co-founder of Delta Exchange, in a recent live stream session on ETMarkets, revealed how cryptocurrency derivatives are opening new avenues for Indian traders.

Cryptocurrency price on July 11: Bitcoin falls below $58k; Avalanche, Toncoin tank up to 5%

Crypto markets dropped 1.4% with Bitcoin, Solana, and Ethereum declining, while BNB, XRP, Cardano, and Tron rose up to 3%.

Understanding Smart Contracts: The backbone of secure transactions in DeFi

This article explores DeFi and Ethereum-based smart contracts introduced by Nick Szabo, streamlining lending platforms, DEXs like Uniswap, and tokenized assets. Key features include atomic settlements and composability. Despite efficiencies, risks like the Poly Network hack necessitate security audits. Future advancements involve self-custody, AI integration, and interoperability in structured products.

Bitcoin rises above $59k amid growing bets on imminent US rate cuts

Cryptocurrencies have rallied on the back of growing expectations of a Fed easing cycle likely to commence in September, with Powell saying on Tuesday that the U.S. is "no longer an overheated economy". However, he provided little clues on how soon those rate cuts could come.

Investing in meme coins: Key strategies from Giottus co-founder Arjun Vijay

In an ETMarkets live stream, Arjun Vijay discussed the community-driven value of meme coins like Dogecoin and Pepe. Investors need risk management, diversified portfolios, and strategic exits. Tools like Birdbird.so track market cap, trading volume, and trends. Meme coins like Floki, propelled by social media hype, outperform traditional markets and major cryptos.

Bitcoin jumps above $57K as markets hope for dovish stance from Powell

Bitcoin was trading 2.7% higher at $57,268, while Ethereum surged 5.3% to $3,071. Other prominent cryptocurrencies, including BNB, Solana, XRP, Toncoin, Dogecoin, Cardano, Tron, Shiba Inu, Polkadot, and Polygon, surged by up to 7%.

The impact of India's 1% TDS on Virtual Digital Assets: A call for reform

India's 1% TDS and 30% tax on VDAs led to a 97% trading volume drop, 81% user decline, and migration to offshore exchanges. NALSAR and Meyappan Nagappan report tax losses and suggest reducing TDS to 0.01%, allowing loss offset, and revising the 30% tax rate. Current tax policy hampers India's digital economy and causes brain drain.

Cryptocurrency price on July 8: Bitcoin slips below $56k, Solana, NEAR Protocol decline up to 7%

Cryptocurrency markets saw a decline with Bitcoin, Ethereum, and Solana leading the drop. The global market cap fell to $2.04 trillion in the last 24 hours. Analysts suggest potential further dips due to various factors.

Crypto Gems: Top crypto assets to watch & buy in July 2024

The 2024 crypto crash has dropped the fear & greed index below 30 and market cap under $2 trillion. Bitcoin hovers above $54,000, with expectations of a $52,000 bounce.

Rise of Telegram-friendly chain spurs talk of crypto super app

The Open Network (TON) blockchain has seized the crypto spotlight even amid a broader rally in the sector that saw Bitcoin hit new heights before a recent selloff.

Crypto hacking thefts double to $1.4 bln in first half, say researchers

The amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a year earlier, driven by a small number of large attacks and rising crypto prices, blockchain researchers TRM Labs said on Friday.

Bitcoin set for worst week in over a year on Mt. Gox liquidation fears

Media reports said Mt. Gox, the world's leading exchange for cryptocurrencies before it collapsed a decade ago, may start returning bitcoin to creditors, who are seen as likely sellers since the token's worth was only hundreds of dollars in 2014.

Crypto Price Today: Bitcoin, Etherium, Solana, others crash up to 17% on liquidations

Bitcoin crashed 8% to $54,129, impacting ETH, Cardano, Shiba Inu due to election uncertainty, Mt Gox flows, and the Fed's stance.

Bitcoin sinks 8% to four-month low, ether slides 9%

Bitcoin fell to $53,918. Ether dropped to $2,855. Concerns about Biden’s debate, potential Democratic replacement, and Mt. Gox sell-off impacted the market.

Bitcoin drops for fourth day even as global stocks hit records

Bitcoin and other cryptocurrencies are experiencing a decline amidst a broader market selloff. Speculators are facing challenges such as reduced demand for US Bitcoin ETFs and uncertainties surrounding government actions. The correlation between Bitcoin and global stocks is weakening, raising questions about the future of crypto investments.

Bitcoin hits 2-month low on election uncertainty, Mt Gox flows

The world's biggest cryptocurrency has been under pressure in recent months, its slide accelerating this week after the first debate between U.S. presidential candidates Joe Biden and Donald Trump raised the spectre of Biden being replaced as a candidate.

Crypto Price Today: Bitcoin slips below psychological $60,000 mark. Etherium, Solana, others down by up to 9%. Here’s why

Bitcoin plunges below $60,000, causing panic among investors as altcoins follow suit. Mt. Gox repayment, government sell-offs, and a massive whale dump contribute to the market chaos

India-based crypto exchange Coin DCX acquires Dubai's BitOasis

The firms did not disclose the transaction value, but BitOasis said in a separate statement that CoinDCX, which had already acquired a stake in the business last year, now owns the full share capital of the Dubai-based company.

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Crypto Price Today: Bitcoin, Ethereum fall up to 3% on Fed’s hawkish tone; Solana, Cardano defy trends with 2% gain

While Bitcoin’s (BTC) resilience over the last one hour was palpable, this crypto asset is still trading down nearly 3% from the previous session. Around 12 pm today, it was trading at $61,035.66. The slide in BTC had an impact on other altcoins including Ethereum (ETH), Tether, Dogecoin, Avalanche, and Shiba Inu which were down by up to 2.5%.

20% fall from peak followed by 7% retracement. What charts tell about Bitcoin’s future trajectory

Bitcoin's value as a hedge against inflation and currency devaluation is solidified by its role in DeFi and growing interest from retail investors.

Crypto Price Today: Bitcoin gains over 4%, Altcoins Solana, Dogecoin, Cardano jump up to 7%

Bitcoin's bullish trend relies on breaking resistance at $61,500 amid key U.S. macro events like job openings. Market stability is crucial for sustained growth.

‘Boring’ Bitcoin sends weekend trading volume to all-time lows

Bitcoin's weekend trading volume hit an all-time low of 16% in 2024, influenced by the introduction of Bitcoin ETFs aligning trading hours with traditional exchanges. This shift has decreased price volatility, indicating Bitcoin's evolution into a more stable asset for investors.

US Treasury finalises new crypto tax reporting rules

The new tax reporting requirements for crypto brokers aim to improve accuracy, ensuring that crypto owners pay the tax owed on digital asset transactions. The rules will help simplify reporting and may lead to additional IRS regulations for non-custodial brokers in the future.