[ad_1] Twenty-four-year-old Akshay Golellu, a cryptocurrency investor has withdrawn his digital assets from WazirX, India’s largest cryptocurrency exchange. “I didn’t want to risk my hard-earned savings. It could be just a matter of time before we won’t be able to withdraw or deposit, especially with the authorities taking action against the company.” He sums up […]
Continue Reading
[ad_1] 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 […]
Continue Reading
[ad_1] 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 […]
Continue Reading
[ad_1] GameStop today launched its non-fungible-token (NFT) marketplace to allow gamers, creators, collectors and other community members to buy, sell and trade NFTs. This comes as the crypto market crashed amid a massive sell-off by investors and heightened inflation fears and pausing of withdrawal by crypto lending service Celsius and Vauld. The company’s marketplace is […]
Continue Reading
[ad_1] 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 […]
Continue Reading
[ad_1] “I have 25 Bitcoin in Vauld. I have invested all my family’s lifetime savings,” John Mayer, 37, a US-based Vauld user told indianexpress.com during a conversation on a social media website. Mayer is among the many investors who are now desperately looking for relief after Vauld, a popular crypto lending platform, suspended its withdrawals […]
Continue Reading
[ad_1] “Paying 1 per cent TDS on every trade is just not done. Crypto is already so volatile, and on top of that, the tax implementation has made it difficult for traders to put their money in cryptos,” Anshul Sharma, 25, a crypto trader based in Mumbai tells indianexpress.com. Like Sharma, many traders have stopped […]
Continue Reading
[ad_1] 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 […]
Continue Reading
[ad_1] Repeated assurances by the backers of Tether, the biggest stablecoin, that the token is backed by ample reserves and working smoothly haven’t been enough to reassure markets. A so-called liquidity pool that allows traders to swap between the three biggest stablecoins still shows an elevated supply of Tether, with the token accounting for 65% […]
Continue Reading
[ad_1] Tether, the world’s largest stablecoin, said on Friday it had cut its commercial paper holdings by around 58% as part of an earlier commitment to reduce its exposure to riskier assets. Stablecoins – a variety of cryptocurrencies designed to keep a steady value – are in sharp focus after the collapse of the TerraUSD […]
Continue Reading