Big four accounting firm Ernst & Young (EY) has selected 16 early-stage startups to join its EY Foundry Cohort 5 program to propel disruptive solutions in four areas: sustainability, new enterpris...
Tag: news
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...
Bitcoin Lightning Network Hits ATH, Signalling Heightened Grounds for Adoption
The Bitcoin (BTC) Lightning Network continues going through the roof by making historic highs. As a layer two scaling solution on the Bitcoin network, the Lightning Network (LN) boosts the blockchain’...
ETH Back Above $1,100 as BTC Briefly Hits $20K on Tuesday – Market Updates Bitcoin News
BTC briefly rose back above $20,000 on Tuesday, as U.S. markets reopened following yesterday’s Independence Day holiday. Prices of ETH also surged, climbing over its $1,100 resistance level. Overall, ...
Crypto Controls Needed in Lending Sector to Stem Depression, Expert Says
For depression and crashes to be averted in the crypto market, regulation and capital controls are needed to govern fast-growing trading platforms, according to Rand Low, a quantitative risk modeller ...
Ethereum To Witness A Huge Liquidity, ETH Price To Drop Below $1000 Again – Coinpedia – Fintech & Cryptocurreny News Media
After spending most of the previous weeks in red, today, the global cryptocurrency market has flipped to green. This price action has been boosted by the leading cryptocurrency Bitcoin (BTC), which ha...
ECB to Warn Countries in the Eurozone about Crypto Regulation
The European Central Bank is reportedly on track to issue warnings to national authorities within the Eurozone about individual handling of the crypto ecosystem. The European Commission, Parliament, a...
Tron’s USDD Regains Stability After Tapping an All-Time Low at $0.92 – Altcoins Bitcoin News
Between June 13 and June 27, or roughly two weeks, Tron’s stablecoin USDD dropped lower than the $1 parity and slipped to a low of $0.928 per unit on June 19. During the past seven days, USDD has mana...
Puerto Rican Regulators Closes Peter Schiff’s Bank – a Case for Decentralization?
Puerto Rican authorities have closed down the Euro Pacific Bank, a local financial institution that belongs to Peter Schiff, the world’s most vocal Bitcoin (BTC) critic. Sharing his ideas on Twitter,...
Russian government blocks crypto news site for ‘promoting money laundering’
Despite the rapid expansion of the cryptocurrency industry, digital assets like Bitcoin (BTC) and their promotion are not looked upon favorably everywhere, with the Russian government even blocking ce...
USDC Enjoys Robust Reserve & Redeemed on 1:1 basis with USD, Says Circle CEO
Jeremy Allaire, the founder and Chief Executive Officer of USDC stablecoin issuer Circle took to Twitter recently to share updates about the firm and how it is in a better position financially despite...
Ghana Changes Mind on IMF Bailout Days After Residents Staged Protests Against Worsening Economic Situation – Bitcoin News
The Ghanaian government has reportedly changed its mind and will now seek a financial rescue package from the International Monetary Fund (IMF). The decision comes just a few days after residents took...
Mega OG Whales Pile Up Bitcoin, Claims Lark Davis! How Will This Impact BTC Price? – Coinpedia – Fintech & Cryptocurreny News Media
As the crypto winter deepens, trust within Bitcoin whales remains strong. The world’s first cryptocurrency is currently valued at $20,216 with a surge of 5.81% in the last 24hrs Lark Davis, a prominen...
Singapore Regulator Considers Strengthening Safeguards on Crypto Access to Retail Trading
A Senior Minister said Monday that Singapore Central Bank is concerning updating its crypto regulations to strengthen further system safeguards on access to cryptocurrencies among the general public. ...
Vauld Suspends Withdrawals, Exploring Restructuring amid Market Downturn
Vauld, a crypto lending and exchange firm headquartered in Singapore, announced on Monday that it has suspended withdrawals, trading, and deposits on its platform, citing the current “financial challe...
CoinLoan Announces Temporary Reduction of Withdrawal Limit
Crypto-backed loans provider CoinLoan has temporarily reduced the withdrawal limit for traders. The company explained that the move was made due to the current market turmoil. Following the announceme...
Central African Republic Launches National Crypto Hub Project Sango
The Central African Republic (CAR) has doubled down on its plans to embrace the technology underpinning Bitcoin (BTC) with the recent launch of Project Sango, a National crypto hub. Having been teased...
WonderFi Completes $30m Acquisition of Canadian Crypto Platform Coinberry
Crypto marketplace WonderFi has completed the $30 million acquisition of Canadian crypto trading platform Coinberry. The acquisition was closed after being admitted to trading on the Toronto Stock Exc...
Zenith Hybrid Blockchain Explained | Live Bitcoin News
The blockchain industry has seen substantial growth in the last couple of years, with the release and development of thousands of cryptocurrencies and several blockchains. But are all blockchains as e...
Celsius Network Slashes 25% of its Workforce amid Potential Insolvency
Celsius Network’s woes continue to deepen because the crypto lending company has reduced its workforce by 150 employees, including those based in Israel, according to media outlet CTech. The American-...
Roskomnadzor Blocks Major Crypto News Website
Bits.media became unavailable to most of its readers in Russia this week The block results from a ruling by the Volzhsky District Court of the city of Saratov Roskomnadzor blacklisted five websi...
Beauty App Meitu’s Crypto Holdings Evaporated Up to $50m in H1
Meitu, a Hong Kong-listed (3152.HK) beauty app company known for its AI-driven photo-editing and video-sharing solutions, recorded a net loss between $41.1 million and $52.3 million in the first half ...
Celsius Network Pays Another $50 Million of its Bitcoin Loan; Liquidation Price Falls To $8,840 – Coinpedia – Fintech & Cryptocurreny News Media
The Celsius Network has now paid off another $50 million of its Bitcoin loan, meaning that the digital currency lending platform is still on the journey to repay the remaining debt left. The news come...
Beauty App Meitu’s Crypto Holdings Evaporated Up to $52.3m in H1
Meitu, a Hong Kong-listed (3152.HK) beauty app company known for its AI-driven photo-editing and video-sharing solutions, recorded a net loss between $41.1 million and $52.3 million in the first half ...
Coinshare Report – Bitcoin Shorting Reaches Historic Highs! What This Means For BTC Price – Coinpedia – Fintech & Cryptocurreny News Media
Following the debut of the first short-bitcoin ETF in the US, institutional investors’ interest in shorting Bitcoin reached historic highs. According to CoinShares’ weekly report on digital asset fund...
Peter Schiff’s Euro Pacific Bank Suspended by Puerto Rico’s Regulator — Schiff Insists No Evidence of Crime – Regulation Bitcoin News
Peter Schiff-owned Euro Pacific Bank has been suspended by Puerto Rico’s financial regulator. Schiff claims that there’s “no evidence of crimes,” warning that “accounts are frozen and customers may lo...
Singapore To Consider New Crypto Rules To Safeguard Users From Crypto Blowups – Coinpedia – Fintech & Cryptocurreny News Media
Singapore might consider new rules and regulations to protect consumers amid the cryptocurrency market crash and sell-off that resulted in a string of dramatic incidents involving high-profile crypto ...