Blockchain analysis firm Glassnode recently characterized the 2022 bear market as the worst on record. This seems to be the case due to events such as the war in Ukraine and rising inflation, coupled ...
Tag: Exchanges
Indian Crypto Taxes Crush Trade Volumes as Local Exchanges Eye Exodus
Trading volumes across crypto exchanges in India have plummeted after a new transaction tax law was recently enforced. On July 1, 2022, the Indian Government legislated a 1% tax (called TDS, or Tax De...
India is investigating crypto exchanges compliance to foreign exchange laws
India’s Directorate of Enforcement has sent notices to crypto exchanges to determine whether they violated the country’s Foreign Exchange Management Act (FEMA), Economic Times India reported. Accordin...
Bitcoin ‘Tourists’ Shaken Out of Market As Coins Fly Out of Exchanges Hands: Glassnode
The recent crypto market woes are shaking Bitcoin (BTC) tourists out of the space, according to the analytics firm Glassnode. Glassnode notes in a new analysis that network activity has plunged to lev...
Bear market wipes 25 cryptocurrency exchanges in 30 days
The ongoing cryptocurrency bear market has impacted several elements of the sector, with exchanges emerging as the latest entities to feel the hit. Indeed, the number of exchanges has dropped as crypt...
Bitcoin Saw Largest Ever Monthly Withdrawal From Exchanges In June
Data shows Bitcoin saw the largest monthly outflow from exchanges in history this June as 151k BTC flew off centralized wallets. Bitcoin Netflow Shows 151k BTC Exited Exchanges In June As per the late...
Can LedgerX.exchange by NuGenesis Lead the Way for Decentralized Exchanges? » NullTX
Trading comes with risks, but traders should not face any other risks than those they are already willing to take. Blockchain entrepreneurs understand this, and some of them are working hard on what m...
India: The full scope of what’s actually in store for exchanges after 1%TDS
The 30% crypto income tax policy came into effect in India in February 2022. The country’s finance minister Nirmala Sitharaman described the tax law as another step toward positive crypto regulations....
CryptoCom CEO Dismisses Ongoing Rumors About Exchange’s Plan to Halt Withdrawals
– Advertisement – CryptoCom CEO says we are not banning any withdrawals. In light of rumors that Crypto.com is facing a liquidity crisis, Kris Marszalek, CEO of the leading exchange, has d...
Indian Crypto Trading Volumes Plummet After New TDS Tax Rule Takes Effect – Exchanges Bitcoin News
Cryptocurrency trading volumes across exchanges in India have plunged after the country’s 1% tax deducted at source (TDS) went into effect at the beginning of the month. Some major crypto exchanges sa...
Indian exchanges records decline in transaction volume 1
Indian exchanges have experienced a downturn in their trading volume following the announcement of an attached tax to crypto transactions. According to the earlier news in the country, the new update ...
Indian Crypto Exchanges See A Huge Blow With New Tax Rules
Alerts from Indian cryptocurrency exchanges that a disputed fresh transaction fee would reduce trade are going to come into reality, with volumes dwindling since the tax went into force. According to ...
Indian Exchanges Volumes Slump Further Following Recent Crypto Tax
In the wake of major Indian exchanges witnessing drastic drops in trading volume since the 30% tax on obtained revenues came into effect on April 1, the industry now encounters additional downward pre...
Indian Crypto Exchanges See Volumes Plummeting 80% Since July 1 Due to New Tax Rules
Effective July 1, the Indian government has started levying a 1% tax at the source (TDS) for trading cryptocurrencies. Just in the last five days, volumes at three major cryptocurrencies – ZebPay, Waz...
Crypto Volume On Indian Exchanges Drops By More Than 70% After 1% TDS Rule
Trading volume on crypto exchanges in India has taken a large hit of more than 70% since the start of the 1% TDS rule. Crypto Trading Volumes On WazirX, ZebPay, And CoinDCX Decline 70% Or More As repo...
Indian Crypto Exchanges Severely Hit By Regulators, Trading Volume Plunge By 90% !
During this crypto-winter, worldwide crypto traders have undergone significant losses. The situation is grim, as digital currencies’ worldwide market capitalization has fallen under $1 trillion, which...
How Safe Are Funds On Vauld, And Other Crypto Exchanges?
As the management of Vauld ties to come up with a solution to the financial challenges, the situation raises doubts over exchange security. Earlier on Monday, the Singapore-based exchange suspended al...
Decentralized exchanges. Relictum DEX as a vivid representative of the sector
Blockchain features, such as decentralized nature and the ability to record immutable peer-to-peer transactions, have proven that this technology can improve the existing trading and exchange structur...
Vauld Fallout Raises Doubts Over Fund Safety On Crypto Exchanges
The turbulent times in the cryptocurrency market raised doubts over safety of customer funds on exchanges. In the recent times, the crash of Terra network had a ripple effect on all players in the mar...
After Vauld Suspends Withdrawals, These Crypto Exchanges Could Be Next
Indian and Singaporean firm Vauld is the latest in a growing list of crypto exchanges to suspend their operations in the face of a market crash. The exchange- which is exposed to Indian and Singapore...
Coinbase Responds to Reports of Selling Customer ‘Geo Tracking’ Data to US Government – Exchanges Bitcoin News
The Nasdaq-listed cryptocurrency exchange Coinbase has insisted that it does not sell “proprietary customer data” after reports surfaced that its Tracer product is providing “historical geo tracking d...
India’s Crypto Exchanges In Trouble? 1% Tax Keeps Traders Away
Crypto trading volumes in India plummeted this week after the government imposed a long-feared 1% tax on all transactions. Trading volumes in the country’s largest exchanges more than halved in the pa...
Cardano (ADA) Trading Goes Live on One of Canada’s Biggest Exchanges
Cardano (ADA) trading is now live on the Canadian crypto exchange, Netcoins, as shared in an official press release. Netcoins reportedly has the third most coins among legal and regulated crypto tradi...
Leading Crypto Exchanges See Negative Funding Rates, Have The Bears Taken Over?
Prices have been declining across the crypto market and with it has come to a lot of doubt on the part of investors. This is reflected in the deposit and withdrawal trends recorded across the various ...
Understanding What Caused the Recent Crypto Crash, And How Crypto Exchanges Can Protect Users
Nearly two months have passed since the Terra-Luna crash on May 7. Be it stopping time or going back to the past, it is futile and next to impossible for investors to recover their losses. However, th...
CryptoQuant CEO: ‘Stablecoins On Exchanges Now Worth Half of Bitcoin Reserves, Time To Deploy Stablecoins to Buy BTC’
– Advertisement – CryptoQuant CEO Says It’s Time to Buy Bitcoin (BTC) As Stablecoin Volume On Exchanges Surges. The CEO of a leading cryptocurrency analytics company is confident that cryp...
Coinbase Reveals European Expansion Plan — Seeks Licenses in Spain, Italy, France, Netherlands – Exchanges Bitcoin News
Cryptocurrency exchange Coinbase has revealed its plan to expand in several European markets. The company is reportedly in the process of registering a crypto exchange in Spain, France, Italy, and the...
Bitcoin Whales Filling Their Bags In Bullish Sign As BTC Balance On Exchanges Hits Critical Low ⋆ ZyCrypto
Advertisement     After withstanding a string of chaotic weeks, Bitcoin managed to battle bears with the last “weekly” candle signaling a possible relief rally. Since ...
Ethereum Rising Gas Fees are Still Concerning But Presents Opportunity For Decentralized Exchanges
Paying gas fees is a crucial component of exchanging crypto and mining digital assets yet remains a significant cost barrier for transactions. A prime example is the major cryptocurrency Ethereum, who...
Some Crypto Exchanges Are On The Edge Of Bankruptcy
A series of insolvency may be at hand in the crypto exchange market. In an interview with Forbes, Sam Bankman-Fried, CEO of FTX, also seen as a hero for struggling companies lately, said that more cry...
Goldman Sachs Expresses Opinions On Two Prominent Crypto Exchanges Amidst Crypto Winter
The Crypto market has witnessed a lot of bearish trends lately, with an impact on a lot of crypto-related entities. And amidst the current constant decline in the crypto asset prices and low activity....
Many crypto exchanges are insolvent- The Cryptonomist
In a recent interview conducted by Forbes, FTX CEO Sam Bankman-Fried, one of the richest people in the crypto world with an impressive $20.5 billion in assets, explained that in his opinion many excha...