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Wash Trading Remains ‘Widespread’ in DeFi, Researcher Kaiko Says
The wash trading strategy used to boost the FBI-created token NexFundAI remains a common practice on decentralised-finance exchanges (dexes), and can be encountered on certain centralised exchanges as well, according to researcher Kaiko.
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Nigeria’s Crypto Investors Urge Government to Follow India's Approach in Tackling Binance Dispute: Report
Crypto investors in Nigeria have asked the government to follow India’s approach and regulate crypto businesses rather than taking extreme measures. While Nigerian authorities are embroiled in a court battle with the exchange after imprisoning two of its executives, India dealt with a similar situation with a measured approach, crypto traders fro...
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CoinDCX’s Okto Wallet Announces Arbitrum Rewards Challenge Aiming to Incentivise Traders
Okto has announced the launch of a rewards initiative aimed at incentivising traders that are part of its community and ramping up user activities. In its official statement, Okto said it is presenting this opportunity for traders to earn rewards to provide exceptional trading opportunities to its users.
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US SEC Approves Ether ETFs, Marks Another Milestone for Crypto Growth
The US SEC has given a greenlight to Ether ETFs. Ether ETFs from VanEck, Franklin Templeton, Fidelity, 21Shares and Invesco will begin trading on Cboe while one from BlackRock will begin trading on the Nasdaq. Products from Bitwise and Grayscale Investments will also trade Tuesday on the New York Stock Exchange, the exchange said.
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Bitcoin Logs Drastic Drop to $54,300 After $679 Million in Crypto Liquidations, Most Altcoins See Dips
The overall crypto market cap tumbled by 8.32 percent in the last 24 hours. As per CoinGlass, a total of 234,518 traders liquidated $679.38 million (roughly Rs. 5,672 crore) in the last 24 hours – pushing crypto prices down the cliff. BTC and ETH, both recorded substantially large losses in the last 24 hours.
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Mudrex, ClearTax Partner to Assist Users Compute and File Crypto Taxes for a Fee
Mudrex has teamed up with ClearTax to help users file their crypto taxes. As part of this partnership, the trader and investor communities using Mudrex will get an access to the tax computing solutions offered by ClearTax at a nominal fee.
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Hong Kong Approves BTC and ETH Spot ETFS, Indian Web3 Community Lauds ‘Landmark’ Decision
Hong Kong has approved the trading of spot BTC and ETH ETFs on Monday, April 15. The final approval was signed by the Hong Kong Securities and Futures Commission (SFC). Spot ETFs track the current price of commodities and allow traders to get exposure to the current price of BTC without having to purchase and hold the asset.
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KuCoin Completes Registration with India’s FIU, Will Deduct 1 Percent TDS on Transactions
KuCoin has become the latest international crypto exchange to have completed compliance with India’s FIU. The tax deduction process on KuCoin for Indian investors and traders will begin on April 10 and the authorities will deposit the amount to India’s financial authorities.
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How Indian Woman In US Lost Life Savings To Scammer She Met On Hinge
The "wine trader" wooed her online for months with his flirtatious smile and emoji-sprinkled texts. Then he went for the kill, defrauding the Philadelphia-based tech professional out of $450,000 in a cryptocurrency romance scam.
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Dollar Steady, Bitcoin Holds Gains Ahead of Expected Spot ETF Approval
A decline in US consumer inflation expectations kept the dollar rally in check on Tuesday as traders reaffirmed their bets for a slew of Federal Reserve rate cuts this year.
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Crypto Price Today: Bitcoin Breaches $40,000 Mark, Attains 2023’s Highest Price Followed by Volatile Altcoins
The overall crypto market cap rose by 2.76 percent in the last 24 hours. Bitcoin on Monday, December 4 reached $40,578 (roughly Rs. 33.7 lakh), its highest price for the year of 2023. Meanwhile, the value of ETH stood at $2,214 (roughly Rs. 1.84 lakh). Market analysts have suggested investors and traders to be cautious when trying to book profits.
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Indians are Experimenting With Over-the-Counter Crypto Trading: Here’s What It Means
In over-the-counter (OTC) crypto trading, agencies or individuals carry out transactions on behalf of the traders, off the books of the exchanges. As part of traditional financial practices, OTC trading of regular assets have been facilitated by banks for years. The services now include OTC crypto trading, which is being facilitated by some exchang...
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What Are Diamond Hands and Paper Hands Investors in Crypto: All You Need to Know
Diamond hands and paper hands are two categories, under which crypto investors are often divided depending on their risk appetites. The term ‘diamond hand’ refers to those crypto traders, who choose to keep holding on to their crypto assets regardless of the ongoing market situation. Whereas Crypto investors who sell their holdings at the first...
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Younger Generations of Traders Favour AI Advancements in Crypto, Web3 Sector: KuCoin Report
KuCoin surveyed 1,125 crypto users from different parts of the world to understand how the Web3 community perceives AI. Over 64 percent of the younger respondents confirmed that they were somewhat familiar with the uses of AI in crypto and blockchain. On the contrary, members of the GenX generation are lesser aware about AI utilisation in crypto as...
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Bitcoin-Based Ordinal NFTs Get New Trade Booth at Binance’s Marketplace: Details
Binance will be adding support for these Bitcoin blockchain-based NFTs later in May. With the move, the crypto exchange aims to expand its offerings to the traders and collectors of NFTs. Not a lot of NFT marketplaces, for now, have listed Ordinal NFTs given its recently highlighted existence.
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Wash Trading Remains ‘Widespread’ in DeFi, Researcher Kaiko Says
The wash trading strategy used to boost the FBI-created token NexFundAI remains a common practice on decentralised-finance exchanges (dexes), and can be encountered on certain centralised exchanges as well, according to researcher Kaiko.
-
Nigeria’s Crypto Investors Urge Government to Follow India's Approach in Tackling Binance Dispute: Report
Crypto investors in Nigeria have asked the government to follow India’s approach and regulate crypto businesses rather than taking extreme measures. While Nigerian authorities are embroiled in a court battle with the exchange after imprisoning two of its executives, India dealt with a similar situation with a measured approach, crypto traders fro...
-
CoinDCX’s Okto Wallet Announces Arbitrum Rewards Challenge Aiming to Incentivise Traders
Okto has announced the launch of a rewards initiative aimed at incentivising traders that are part of its community and ramping up user activities. In its official statement, Okto said it is presenting this opportunity for traders to earn rewards to provide exceptional trading opportunities to its users.
-
US SEC Approves Ether ETFs, Marks Another Milestone for Crypto Growth
The US SEC has given a greenlight to Ether ETFs. Ether ETFs from VanEck, Franklin Templeton, Fidelity, 21Shares and Invesco will begin trading on Cboe while one from BlackRock will begin trading on the Nasdaq. Products from Bitwise and Grayscale Investments will also trade Tuesday on the New York Stock Exchange, the exchange said.
-
Bitcoin Logs Drastic Drop to $54,300 After $679 Million in Crypto Liquidations, Most Altcoins See Dips
The overall crypto market cap tumbled by 8.32 percent in the last 24 hours. As per CoinGlass, a total of 234,518 traders liquidated $679.38 million (roughly Rs. 5,672 crore) in the last 24 hours – pushing crypto prices down the cliff. BTC and ETH, both recorded substantially large losses in the last 24 hours.
-
Mudrex, ClearTax Partner to Assist Users Compute and File Crypto Taxes for a Fee
Mudrex has teamed up with ClearTax to help users file their crypto taxes. As part of this partnership, the trader and investor communities using Mudrex will get an access to the tax computing solutions offered by ClearTax at a nominal fee.
-
Hong Kong Approves BTC and ETH Spot ETFS, Indian Web3 Community Lauds ‘Landmark’ Decision
Hong Kong has approved the trading of spot BTC and ETH ETFs on Monday, April 15. The final approval was signed by the Hong Kong Securities and Futures Commission (SFC). Spot ETFs track the current price of commodities and allow traders to get exposure to the current price of BTC without having to purchase and hold the asset.
-
KuCoin Completes Registration with India’s FIU, Will Deduct 1 Percent TDS on Transactions
KuCoin has become the latest international crypto exchange to have completed compliance with India’s FIU. The tax deduction process on KuCoin for Indian investors and traders will begin on April 10 and the authorities will deposit the amount to India’s financial authorities.
-
How Indian Woman In US Lost Life Savings To Scammer She Met On Hinge
The "wine trader" wooed her online for months with his flirtatious smile and emoji-sprinkled texts. Then he went for the kill, defrauding the Philadelphia-based tech professional out of $450,000 in a cryptocurrency romance scam.
-
Dollar Steady, Bitcoin Holds Gains Ahead of Expected Spot ETF Approval
A decline in US consumer inflation expectations kept the dollar rally in check on Tuesday as traders reaffirmed their bets for a slew of Federal Reserve rate cuts this year.
-
Crypto Price Today: Bitcoin Breaches $40,000 Mark, Attains 2023’s Highest Price Followed by Volatile Altcoins
The overall crypto market cap rose by 2.76 percent in the last 24 hours. Bitcoin on Monday, December 4 reached $40,578 (roughly Rs. 33.7 lakh), its highest price for the year of 2023. Meanwhile, the value of ETH stood at $2,214 (roughly Rs. 1.84 lakh). Market analysts have suggested investors and traders to be cautious when trying to book profits.
-
Indians are Experimenting With Over-the-Counter Crypto Trading: Here’s What It Means
In over-the-counter (OTC) crypto trading, agencies or individuals carry out transactions on behalf of the traders, off the books of the exchanges. As part of traditional financial practices, OTC trading of regular assets have been facilitated by banks for years. The services now include OTC crypto trading, which is being facilitated by some exchang...
-
What Are Diamond Hands and Paper Hands Investors in Crypto: All You Need to Know
Diamond hands and paper hands are two categories, under which crypto investors are often divided depending on their risk appetites. The term ‘diamond hand’ refers to those crypto traders, who choose to keep holding on to their crypto assets regardless of the ongoing market situation. Whereas Crypto investors who sell their holdings at the first...
-
Younger Generations of Traders Favour AI Advancements in Crypto, Web3 Sector: KuCoin Report
KuCoin surveyed 1,125 crypto users from different parts of the world to understand how the Web3 community perceives AI. Over 64 percent of the younger respondents confirmed that they were somewhat familiar with the uses of AI in crypto and blockchain. On the contrary, members of the GenX generation are lesser aware about AI utilisation in crypto as...
-
Bitcoin-Based Ordinal NFTs Get New Trade Booth at Binance’s Marketplace: Details
Binance will be adding support for these Bitcoin blockchain-based NFTs later in May. With the move, the crypto exchange aims to expand its offerings to the traders and collectors of NFTs. Not a lot of NFT marketplaces, for now, have listed Ordinal NFTs given its recently highlighted existence.
