India currently has no plans to introduce legislation regulating crypto sales and purchases, a Finance Ministry minister said. In a written response to the Parliament’s lower house, Minister Pankaj Chaudhary explained that the Financial Intelligence Unit has the power over certain aspects like money laundering prevention and terrorism financing. This unit can label certain digital...
To simplify crypto adoption across Europe, crypto exchange Bitstamp has partnered with Stripe, a leading payments processor. This collaboration aims to streamline the process of buying cryptocurrencies with fiat currency (traditional money like euro, yen, U.S. dollar) for European consumers. We’re excited to partner with @Stripe to support their fiat-to-crypto onramp across the EU! This...
A new pro-Kamala Harris digital asset advocacy group known as Crypto4Harris is slated to host its first town hall featuring billionaire Mark Cuban and Rep. Wiley Nickel next Wednesday, August 14, the crypto political collective announced Tuesday. Mark Cuban, Wiley Nickel Support New Crypto4Harris Initiative According to a recent X post from Crypto4Harris, the upcoming...
Bitcoin’s price has continued to dip dramatically on Monday morning as it fell below $50,000, registering a staggering 20% decrease in the last 24 hours on the heels of global markets meltdown. At the time of writing, the entire crypto market has lost nearly 16% in the last 24 hours, with Bitcoin and Ethereum shedding...
Research and brokerage firm Bernstein isn’t sweating the latest Bitcoin crash, believing the asset’s short-term reaction to macroeconomic factors is a bit irrational. Stay Calm On Bitcoin, Says Bernstein In a research report published on Monday, Bernstein said it’s “not Bitcoin’s fault this time,” as the entire crypto market plunged to lows unseen since early...
Bitcoin and Ether rebounded modestly on Tuesday after a sharp decline triggered by broader market jitters. Bitcoin rose 3.6%, trading at about $55,988 as of 5:50 UTC, but is down 16% over the past week. Similarly, Ether gained 4.4%, reaching $2,526, though it has fallen 24% in the last week. Analysts believe the recent price...
Nik Bhatia, founder of The Bitcoin Layer, said that 15-year-old Bitcoin is still too immature to be considered a safe haven asset. In a CNBC interview published Tuesday, Bhatia said that Bitcoin has traditionally been perceived as risky due to its relatively short history. The financial researcher, author of “Layered Money: From Gold and Dollars...
Bitcoin trading volumes reached unprecedented levels amid market turmoil, with the Bitcoin fear and greed index showing the lowest levels since July 2022. Bitcoin transactions on crypto exchanges surged amid turbulent market conditions, marking a new all-time high in trading volume during this fourth Bitcoin-halving cycle. On August 5th, crypto traders suffered significant losses, with...
10X Research CEO Markus Thielen warns that buying the dip on Bitcoin is “too risky” post-crash. Meanwhile, other analysts point towards signs of stabilization. Bitcoin experienced a massive downturn on Monday, causing chaos in the crypto market and prompting analysts to reassess trading strategies. The bloodbath resulted from a complex interplay of factors, including the...
Bitcoin (BTC) prices could be back to above $60,000 by the end of the week, a Russian economist has claimed. The token’s price saw dramatic falls earlier this week, taking it to its lowest price levels in six months. Bitcoin ‘Back to $60k Soon’ BTC briefly dipped below the $50k mark on Monday. It has...