How has the NFT industry dealt with the fallout of the crypto market? What are some of the issues users had with OpenSea? How has the NFT industry dealt with the fallout of the crypto market? What are some of the issues users had with OpenSea? The story so far: The writing is on the […]
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The top executives of Indian crypto exchanges such as Coinswitch, CoinDCX, and WazirX are venturing from the centralised ecosystem to the decentralised world of Web3. Most Indian exchanges take custody of your digital assets, making them centralised by nature. In contrast, Web3 is supposed to be the new decentralised version of the internet, which means […]
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The cryptocurrency market plunged by more than 50 per cent tanking hundreds of millions of dollars of crypto traders and investors. However, every event has a silver lining and the recent crypto crash also had a major impact on the energy consumption of Bitcoin. According to Digiconomst, a platform that tracks Bitcoin’s energy consumption, the […]
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Crypto lending may not be down and out, but it’s certainly on the ropes. Crypto lenders have boomed over the past two years, attracting tens of billions of dollars in bitcoin, ether and other coins which they in turn lent out or invested, often in decentralized finance (DeFi) projects with sky-high returns. read more But […]
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Cryptocurrency exchange Coinbase Global Inc (COIN.O) said on Tuesday it would slash 18% of its workforce, or about 1,100 jobs, as part of efforts to rein in costs amid volatile market conditions. The layoffs come a day after Bitcoin fell as much as 14% after major U.S. cryptocurrency lending company Celsius Network froze withdrawals and […]
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The cryptocurrency market has been tanking since the Luna-Terra stablecoin episode. The global market cap has shrunk below $1 trillion to $977 billion, a 12 per cent fall since Monday. The largest cryptocurrency, Bitcoin, plunged more than 10 per cent since Monday, falling to an 18-month low of $22,345. It is down by around 60 […]
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The crypto market’s a hot mess, leaving many investors struggling to turn a buck. Enter the arbitrageurs. Bitcoin and other cryptocurrencies have either been shackled to ranges or in decline since January, leaving your regular buy-and-hold investor with little option but to sell or to wait for the elusive rally. One class of seasoned investors […]
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The value of the cryptocurrency market on Monday fell below $1 trillion for the first time since January 2021, according to data site CoinMarketCap, reaching as low as $926 billion. The global cryptocurrency market peaked at $2.9 trillion in November 2021, but it has faltered so far this year. It has lost $1 trillion in […]
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Cryptocurrency lending firm Celsius Network will pause withdrawals and transfers between accounts due to “extreme market conditions”, the company said on Monday, in the latest sign of pressure in the crypto industry. Bitcoin extended earlier declines after Celsius’s announcement, falling more than 6% to as low as $24,888, an 18-month low. Ether, the world’s second-largest […]
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“I thought crypto is profitable. This has really taken a toll on my mental health.” Mumbai-based student Ajay Mutke sums up the feeling among thousands of crypto investors following the dramatic crash in the value of cryptocurrencies in recent days. The 26-year-old who borrowed Rs 50,000 from his father for investing in crypto, says he […]
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