The crypto market cap dropped to $1.19 trillion on July 20, according to CoinMarketCap, showing that the sector has nearly doubled in value in less than a month. The price of the world’s most popular digital asset, bitcoin, reached $48,126 early Monday, the highest level seen since May 17. It …
Read More »
“We’re sorry to report that #PolyNetwork was attacked on @BinanceChain, @ethereum and @0xPolygon,” the platform said on Twitter, identifying three addresses where stolen assets were transferred. A total of 9,468 in various crypto tokens valued at approximately $611 million were drained from the platform, including hundreds of millions of dollars worth …
Read More »
The London hard fork, the latest software upgrade activated by ethereum, the second-largest blockchain network, sent its price up, having pushed bitcoin back up over the $40,000 level. Boom Bust co-host Christy Ai analyzes what’s behind the event and why the hard fork is such a big deal.
Read More »
SEC Chair Gary Gensler cited “investor protection” as the reason the commission should have carte blanche to take the “crypto” out of “cryptocurrency” in a speech to fellow finance bigwigs on Tuesday, describing the sector as “like the Wild West” as he urged Congress to rein it in. But Gensler, …
Read More »
“A bear market brings in an opportunity for us to further strengthen security and work on building educational initiatives to bring more awareness around crypto as an asset class,” Ashish Singhal, CEO of India-based digital asset platform CoinSwitch Kuber, told the media. Singhal noted that “volatility is just a part of …
Read More »
According to Alex Mashinsky, chief executive officer and co-founder of the centralized cryptocurrency lending platform Celsius, the crypto market was bound for a correction following bitcoin’s recent all-time high of over $63,000. “When you go too high, too fast, you are bound for a correction,” Mashinsky told Cointelegraph at Bitcoin 2021 in …
Read More »
The country’s digital tax, popularly known as the ‘Google tax’, came into effect over a year ago. It is chargeable at a rate of 2% on consideration received by non-residents who operate digital businesses targeting, among other things, the Indian market. The equalization levy could apply to the selling price …
Read More »
As part of an interview with Komsomolskaya Pravda published on Monday, Elvira Nabiullina, chair of the country’s Central Bank, argued that investments in any kind of currency were always risky. “Losing in the foreign exchange market is much easier than it is to make money,” she said. “The most dangerous …
Read More »
The McAfee Antivirus founder tweeted “I have nothing. Yet, I regret nothing,” adding: “The US believes I have hidden crypto. I wish I did but it has dissolved through the many hands of Team McAfee (your belief is not required), and my remaining assets are all seized. My friends evaporated through …
Read More »
The cryptocurrency is still significantly off from its record high of $64,829.14 that was reached in April. The bill that has been passed in El Salvador will mandate all businesses to accept bitcoin for goods or services, but the government will act as a backstop for entities that aren’t willing …
Read More »