Crypto altcoins are outperforming with Bitcoin ‘gravitating’ toward $50,000

Crypto altcoins are outperforming with Bitcoin ‘gravitating’ toward $50,000

Smaller, lesser-known digital currencies are outperforming Bitcoin after the breathtaking surge by the market bellwether in recent weeks. Cardano surged as much as 30% on Friday, while Solana gained about 8% and Avalanche increased 12%. Meanwhile, Bitcoin was up about 2% and Ether was down around 1%. Combined, the two largest tokens account for about … Read more

Bitcoin crosses $40,000 mark. Why is crypto rising again?

Bitcoin crosses $40,000 mark. Why is crypto rising again?

The crypto market is witnessing its best performance since May 2022, with Bitcoin and Ethereum breaching the $41,000 and $2,200 marks, respectively. The latest rally has taken the total crypto market cap to the $1.54 trillion, a 2023 high. Experts say the growing confidence in the crypto market has been fuelled by expectations of the US … Read more

Meme-stock crowd plows into cross-asset rally lifting risky bets

Meme-stock crowd plows into cross-asset rally lifting risky bets

A rally across all asset classes powering the S&P 500 to its best month in over a year has finally caught the attention of retail investors. The same traders who created the so-called meme-stock mania, with big bets on speculative companies, are back. And they are piling into the market’s favorite stocks — think Amazon.com … Read more

Bitcoin brings $40,000 into view after more than doubling in a chaotic year

Bitcoin brings $40,000 into view after more than doubling in a chaotic year

Bitcoin’s chances of hitting $40,000 are top of mind for crypto speculators as they head into the final stretch of a year during which the largest digital asset more than doubled in price. The token has rebounded about 130% over the past 11 months from 2022’s crypto rout, outstripping investments like stocks or gold. Hopes … Read more

Lawyers land $700 million bounty from crypto collapse

Lawyers land $700 million bounty from crypto collapse

The collapse in cryptocurrency prices last year forced a procession of major firms into bankruptcy, trigging a government crackdown and erasing the savings of millions of inexperienced investors. But for a small group of corporate turnaround specialists, crypto‘s implosion has become a financial bonanza. Lawyers, accountants, consultants, cryptocurrency analysts and other professionals have racked up … Read more

Great Expectations: What the Indian crypto industry is hoping for in Budget 2023

Great Expectations: What the Indian crypto industry is hoping for in Budget 2023

The crypto industry has great expectations from the upcoming Union Budget of 2023. The Industry is hoping that FM Nirmala Sitraman will bring a number of changes, specifically how Virtual Digital Assets (VDAs) are classified and taxed. The 2 major demands are: 1. The 1% tax deducted at source (TDS) on sale transactions of Crypto … Read more

Explained | What is the crypto awareness campaign?

Explained | What is the crypto awareness campaign?

The crypto dilemma stems from concerns about the unregulated currency having a destabilising effect on the country.  | Photo Credit: Getty Images/iStockphoto The story so far: The Investor Education and Protection Fund (IEPF) will launch an outreach programme soon to create awareness of cryptocurrencies and online gaming. The need for the outreach is based on … Read more

Crypto lender Amber Group scraps bonuses, cuts jobs

Crypto lender Amber Group scraps bonuses, cuts jobs

Amber Group, one of Asia‘s biggest trading and lending platforms for digital currencies, has canceled this year’s staff bonuses as the one-time industry darling grapples with the crypto downturn. The Singapore-based outfit told employees this week that it is scrapping performance-based bonuses for 2022 due to slower business growth and market uncertainties, in an internal … Read more

How decentralised is the decentralised world of crypto

How decentralised is the decentralised world of crypto

The recent events in the digital assets industry have left an adverse impact on the sentiment and morale of users and investors. The primary reason behind the fiasco that we saw in the last few weeks was the lack of transparency from centralised exchanges or CEXs. These organisations in question can be classified as CeFi … Read more

Beyond the crypto crash, a big squeeze jolts stock markets anew

Beyond the crypto crash, a big squeeze jolts stock markets anew

Being glued to crypto news this week meant missing adventures in regular markets that while lacking the same high drama, made up for it in terms of money at stake. In case you missed it, stock and bond traders spent the last five days still caught in the thrall of an event that may be … Read more