FTX Rumored to be Closing in on Deal to Buy Embattled Crypto Lender BlockFi

ozgurdonmaz / Getty Images Sam Bankman-Fried’s crypto exchange FTX, which has emerged as the savior of all things battered in this crypto winter, is reportedly about to close a deal to acquire embattled BlockFi, to which it had extended a $250 million revolving credit facility on June 21.   See: 6 of the Best Crypto Jobs … Baca Selengkapnya

Crypto TDS (tax) rules come into place: Four changes to note from today

The rules regarding tax deducted at source (TDS) on virtual digital assets have come into effect starting July 1. This comes after the government levied a 30 per cent flat income tax on cryptocurrencies from April 1. During this time, the government also announced the imposition of a TDS of 1 per cent. However, traders … Baca Selengkapnya

crypto funding: Amid rising gloom, are VCs reluctant to fund Indian crypto players?

The crypto market is in a tight bear hug and market mavens believe that crypto winter is likely to last longer than what was expected. The gloom in the crypto market has turned firms operating in the space risk aversive. Many of them are looking to trim their payroll size in order to conserve funds … Baca Selengkapnya

crypto: From stocks to crypto, a punishing six months for investors

Americans with stock portfolios or retirement investment plans would likely prefer to forget the last six months. The S&P 500, Wall Street’s broad benchmark for many stock funds, closed the first half of 2022 with a loss of more than 20% after starting the year at an all-time high. It’s the worst start to a … Baca Selengkapnya

How Frozen Crypto Funds Could Generate A Tax Write-off For Investors

Digital generated image of bitcoin sign made out of ice melting on black background. getty What Happened A handful of crypto yield generating platforms, such as Celsius, Voyager Digital, Babel Finance, CoinFLEX are facing liquidity crunches and froze or limited withdrawals as a result of the recent crypto crash and liquidity crunch. There could very … Baca Selengkapnya

Crash Landing – Crypto Winter: What should investors do?

It has been a very bad year for crypto investors till now. The global market cap of these digital assets has shrunk below $1 trillion and prices of almost every coin have dropped over 50% from their all-time highs, with no immediate recovery in sight amid the ongoing bear market. While the Terra (LUNA) debacle … Baca Selengkapnya

Crypto Exchange FTX Close To Buying BlockFi For Paltry $25 Million, Reports Suggest

Topline Cryptocurrency exchange FTX is nearing a deal to buy embattled cryptocurrency lender BlockFi for about $25 million, CNBC reported Thursday citing three sources, a deal that values BlockFi far below its prior multibillion-dollar valuations and caps a dramatic collapse for the company. FTX CEO Sam Bankman-Fried speaks at a fundraiser in New York City … Baca Selengkapnya

RBI guv calls crypto a ‘clear danger’; Lenskart acquires Japan’s Owndays in $400M deal

It’s no secret that the RBI despises crypto. However, the central bank saved its harshest comments yet on the digital asset class for its 25th Financial Stability Report, which it released earlier today. In it, RBI governor Shaktikanta Das said cryptocurrencies present a “clear danger” to financial systems and stability, and even mentioned the collapse … Baca Selengkapnya

Bitcoin’s Price Today, 30 June 2022: BTC Down 4.09% On Yesterday

T he Bitcoin (BTC) price today, as of 9:11am, is £15,943 ($19,377), according to CoinMarketCap. That’s down 4.09% on yesterday’s figure of £16,594 ($20,083), 7.78% on last week and 38.70% on one month ago. The 24-hour trading volume is around £19.2 billion ($23.3 billion), and it has a market cap of about £304.2 billion ($369.7 … Baca Selengkapnya

Bitcoin ($BTC) and Other Cryptos Undergoing a Bear Market of ‘Historic Proportions’, Analysts Say

Analysts have noted that Bitcoin ($BTC) and other cryptocurrencies are currently undergoing a bear market of “historical proportions” that has seen the digital asset space endure the “largest capital outflow event in history.” According to analysts from on-chain analytics firm Glassnode, the ongoing cryptocurrency bear market may be the worst one on record, as its … Baca Selengkapnya