ED has taken possession of frozen crypto assets worth close to ₹ 90 crore, earlier kept in 70 accounts maintained with Binance, ZebPay, and WazirX. | Photo Credit: – The Enforcement Directorate has taken possession of frozen crypto assets worth close to ₹ 90 crore, earlier kept in 70 accounts maintained with Binance, ZebPay, and … Read more
Reports of Binance, the largest cryptocurrency exchange in the world, dithering from its attempts to bail out rival FTX have triggered a bloodbath in the crypto market. While Bitcoin plunged to a 2-year low of about $17,500, a string of other cryptocurrencies followed suit. Global crypto market cap has dived to $906 billion, a sharp … Read more
Binance Holding Ltd. Chief Executive Officer Zhao “CZ” Changpeng said India’s onerous taxes on cryptocurrency transactions will probably “kill the industry” there. “India has high tax which is probably going to kill the industry,” Zhao said in livestreamed remarks during panel at a fintech conference in Singapore on Thursday. Zhao’s comments add to a litany … Read more
The cryptocurrency business has a lot to learn from stocks about preventing crashes. Eye-catching, mistaken plunges are not unusual in crypto. In June 2017, Ether had a harrowing 45 milliseconds that took its price down to 30 cents — a 99.9% loss. This week, it was Bitcoin’s turn to flash crash: The biggest cryptocurrency dove … Read more
By Joanna Ossinger and Vildana Hajric Bitcoin surged close to $40,000 as a flurry of short-covering intensified a rally apparently sparked by speculation over Amazon.com Inc.’s involvement in the crypto industry. A job posting from the retail giant seeking an executive to develop the company’s “digital currency and blockchain strategy” stirred questions among analysts over … Read more
LONDON: A growing number of crypto asset firms are abandoning attempts to register with Britain’s financial regulator as global scrutiny of the rapidly-growing sector intensifies. The Financial Conduct Authority (FCA) banned Binance, one of the world’s biggest crypto exchanges, on Friday from conducting any regulated activity in Britain as regulators across the world bolster oversight … Read more
By Sonali Basak The leader of one of the largest crypto exchanges in the U.S. sees Elon Musk’s impact on the industry as a positive — even on a bad day. “Whether he’s pushing markets up or down, that’s probably good in the long term,” Binance.US Chief Executive Officer Brian said in a Bloomberg Quicktake … Read more
Everything on the blockchain is open and can be seen and analyzed in real-time, so these liquidations and trading can be watched as they unfold. Source link