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Nexo will use Fidelity’s asset management technology to expand its crypto loan and saving services as part of the agreement. Nexo, a crypto lending and savings service based in the United States, has teamed up with New York City-based Fidelity Digital Assets (FDA) to attract large institutional investors to the cryptocurrency industry. Nexo will use … Read more
A Bitcoin trader lost at least USD $2.5 billion in a single day as the cryptocurrency market collapsed by 16.5 percent on Saturday. In the early hours of Saturday morning, the mystery trader, who owns 288,000 Bitcoin, experienced massive losses. On Friday, the trader had $16.29 billion in Bitcoin, according to BitInofCharts. The crypto market … Read more
The government’s Cabinet note on the proposed cryptocurrency bill suggests regulating private cryptocurrency rather than outright banning it. The government’s Cabinet note on the proposed cryptocurrency bill suggests regulating private cryptocurrency rather than outright banning it. Cryptocurrencies will not be recognised as legal tender in India, according to the memo. According to the letter, the … Read more
Top Customers of Indian private sector banks are being informed about the risks of investing in crypto assets. Customers have received emails from Axis Bank, HDFC Bank, and ICICI Bank in this regard, according to The Economic Times. The banks noted cryptocurrency exchanges’ aggressive advertising operations, which aim to entice new consumers with promises of … Read more
New Delhi, India: The Central government said earlier this week that it will introduce a measure to ban all private cryptocurrencies in the forthcoming winter session of Parliament, a move that has alarmed crypto investors in the country. The government has disclosed plans to launch an official digital currency in conjunction with the move to … Read more
In Parliament’s winter session, which begins on November 29, India plans to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021. The measure aims to outlaw all private cryptocurrencies and provide a framework for the creation of a government-backed digital currency. While crypto transactions have yet to be regulated in India, the digital … Read more
Since a day ago, crypto investors have been in a panic mode due to news that cryptocurrency will be controlled by the government soon. Bitcoin, Solana, and other cryptocurrencies all plunged in price the day before, but gained somewhat on Thursday, November 25, as markets stabilised after the first ripple impact. Two days ago, the … Read more
PM Modi recently chaired a high-level meeting with officials from various ministries and the RBI on the topic of cryptocurrency during the Winter Session. New Delhi, India: During the Winter Session, which begins on November 29, 2021, a Bill to prohibit all private cryptocurrencies in India with limited restrictions is scheduled to be taken up … Read more
After reaching a partnership contract with Deloitte to increase US disaster-relief funding, Avalanche cryptocurrency has moved Dogecoin out of the top ten. After more than doubling in price since the beginning of November, the Avalanche token, AVAX, is currently the tenth-largest cryptocurrency by market capitalization. In doing so, it surpassed Dogecoin’s $30.30 billion in circulation … Read more
New Delhi: Cryptocurrency counters continued to bleed on Monday amidst the volatility in the market. Traders turned anxious, booked profits in the digital tokens as they are on their toes considering the regulation buzz in the global markets. Bitcoin, which has been falling since hitting all-time high, fell further 2 per cent. Ether followed suit, … Read more