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 […]
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The cryptocurrency market is a volatile beast. The digital token price rollercoaster has recently seen Bitcoin fall from grace and then rebound almost immediately. This volatility is the result of market manipulation, companies going bankrupt and investors getting hacked. But it’s also exactly what makes crypto so appealing for investors looking for high returns. Investing […]
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What if you could take the smallest risk possible that might change your life? That’s what a young man from Bangalore did by dropping out of college to start his own business. With an initial capital of just Rs 30,000, Shubham Saini, a 22-year-old student set up a tea stall named ‘The Frustrated drop out’. […]
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Cryptocurrency derivatives trading on centralised exchanges rose to $3.12 trillion in July, a 13% monthly increase, researcher CryptoCompare said on Thursday, as crypto prices show signs of recovery from the recent market crash. The derivatives market now makes up 69% of total crypto volumes, up from 66% in June, and helped push overall crypto volumes […]
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Hodlnaut, a Singapore-based crypto currency lender and borrower, has suspended withdrawals, swaps and deposits, the company said on Monday, the latest sign of stress in the cryptocurrency industry. The crypto lender also said it would withdraw its application for a licence from the Monetary Authority of Singapore (MAS) to provide digital token payment services, for […]
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The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Tuesday banned the popular virtual currency mixer Tornado Cash which, the US government says, has been used to launder more than $7 billion worth of cryptocurrency since its creation in 2019. Tornado Cash (Tornado) is a cryptocurrency mixer that works on the […]
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A U.S. banking regulator is urging banks dealing with cryptocurrency companies that they need to make sure customers know which of their funds will be insured by the government in case of collapse, and which have no safety net. The Federal Deposit Insurance Corporation (FDIC) said Friday it is concerned consumers may be confused about […]
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Cryptocurrencies have been hard hit by fears interest rate hikes will end the era of cheap money, with the world’s largest digital asset, bitcoin, down more than 56% from this year’s high. Several crypto companies have filed for bankruptcy or have been forced to look for emergency capital infusions. Three Arrow Capital Singapore-based crypto hedge […]
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It’s not all doom and gloom. Even as the crypto sector shivers in the bleak winter, venture capitalists are pouring money into digital currency and blockchain startups at a pace that’s set to outstrip last year’s record. In the first half of the year, VCs bet $17.5 billion on such firms, according to data from […]
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Crypto exchange Vauld has suspended deposits and withdrawals on its platforms citing “financial challenges” amid the crypto market’s volatile conditions. Founded in 2018 by Bathija and Sanju Kurian, Vauld provides a suite of products to crypto investors. This includes fixed deposits and asset-backed lending and borrowing platforms. We take a look at why Vauld has […]
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