At a conference in Manhattan last week, a few hundred people gathered to hear luminaries of the cryptocurrency industry and executives from the likes of BlackRock and Fidelity discuss Bitcoin’s march into the investing mainstream this year. However, it was another token that kept coming up in the conversations: a newer cryptocurrency best known for … Read more
Bitcoin slid to the lowest since mid-December as the speculative demand for the token sparked by hype about new exchange-traded funds dissipates, leaving the cryptocurrency in the red since the start of 2024. The largest digital asset briefly flirted with a drop below $40,000 before trading at $41,160 as of 6:30 a.m. Friday in Singapore, … Read more
Speculative crypto demand is widening beyond Bitcoin’s revival. Gauges tracking the bottom half and 30 mid-tier tokens in MarketVector’s index of the largest 100 digital assets are up 16% and 14% respectively so far in November — exceeding the wider measure’s 4% gain and a 1% rise in Bitcoin. As a result, Bitcoin’s share of … Read more
As the world’s largest economies prepare to gather in India for the G20 Summit in September 2023, the global crypto community is abuzz with anticipation. G20 Summit is a watershed moment in our country’s history and this landmark event will have a profound impact on how future regulations and advancements on crypto will be outlined, … Read more
Sanjay Kamble hit the jackpot when an obscure token he’d invested in surged about 3,100% in eight months. He ditched his dead-end marketing business this year and became a full-time crypto evangelist. These days, the 51-year-old drives around in his new Toyota sedan — one he couldn’t afford a year ago — on the dusty … Read more
When the crypto market is euphoric, every trader looks like a genius. When the tide is out, the naked swimmers are exposed. Like any other asset class, the industry requires a solid strategy to navigate a bearish crypto market. Factors that can constitute strong strategy during crypto winter: 1. Risk Management: It is the first … Read more
Institutional investors were souring on cryptocurrencies even before this week. The sudden downfall of Sam Bankman-Fried’s FTX.com may have permanently damaged their prospects of being included in mainstream portfolios. While plenty of industry die-hards remain, many professional money managers are saying the case for crypto as a portfolio diversifier or digital gold has been debunked. … Read more
While wondering how crypto brokers and exchanges expose customers to unlimited risk, Zerodha co-founder Nithin Kamath in a tweet said that India’s capital market infrastructure and regulations are the best in the world. “Our capital market infrastructure & regulations don’t get enough credit for being among the best in the world. It is crazy & … Read more
New Delhi: In a major relief to crypto exchange WazirX, Enforcement Directorate (ED) unfroze its bank accounts, which were earlier blocked to investigate money laundering acts. That said, the agency would continue to probe the matter. In a media release on Monday, the crypto exchange said that its bank accounts have been unfrozen after a … Read more
Amid gloom in the crypto market, Dogecoin (DOGE) has seen a sharp rally. The largest meme coin has been on a roll, thanks to its recently launched blockchain named Dogechain. After the rollout of the new blockchain, Dogecoin might not remain a joke. The numero uno meme coin could gain a lot more utility with … Read more