Tag: cointelegraph

Jul 06
Crypto tax deters 83% Indian investors from crypto trading: WazirX report

With two consecutive taxes ready to eat away at their holdings, most Indian investors have seemed to have opted for hibernation amid an unforgiving bear market. 1648 Total views 24 Total shares The implications of what anti-crypto regulations can do to a thriving economy can be seen first-hand unfolding in India. Supporting the massive decline […]

Jul 06
85% of merchants see crypto payments as a way to reach new customers: Survey

The crypto payment report noted that crypto payment fees are around 1%, which is much lower than other payment options that charge between 1.5% and 3.5% 1174 Total views 22 Total shares While the market goes steady, the crypto ecosystem continues to grow as merchants innovate and adopt cryptocurrency payments in their quest to gain […]

Jul 06
PennyWise crypto-stealing malware spreads through YouTube

The malware targets Zcash and Ethereum wallets alongside Electrum, Atomic Wallet and Coinomi, it takes your browser extension and login data and reads your chat logs. 3980 Total views 43 Total shares A new strain of crypto-malware is being spread via YouTube, tricking users to download software that’s designed to steal data from 30 crypto […]

Jul 06
The bottom is in: CNBC’s Jim Cramer says crypto has “no real value”

Mad Money host Jim Cramer has changed his sentiment on crypto again, predicting the total market cap will tank below $1 trillion as “there’s no real value there.” 3471 Total views 13 Total shares Given his track record, some in the crypto community believe the market bottom may now be in after CNBC host Jim […]

Jul 06
Voyager Digital files for Chapter 11 bankruptcy, proposes recovery plan

Days after pausing trading, withdrawals and deposits, crypto exchange Voyager Digital is filing for bankruptcy under Chapter 11 in the Southern District Court of New York. Voyager’s Chapter 11 bankruptcy filing indicated that it is on the hook for anywhere from $1 billion to $10 billion in assets to more than 100,000 creditors. The troubled […]

Jul 06
Fed conference hears stablecoins may boost USD as global reserve currency

A note published by the United States Federal Reserve on a recently held conference found a majority of exports believe a U.S. dollar central bank digital currency (CBDC) would not drastically change the global currency ecosystem. Panelists at the conference also agreed CBDC development outside of the U.S. doesn’t threaten the status of the dollar, […]

Jul 05
ARK Invest ‘neutral to positive’ on Bitcoin price as analysts await capitulation

Bitcoin (BTC) has a “neutral to positive” outlook despite staying below $20,000, according to ARK Investment Management. In its latest “Bitcoin Monthly” report, the American asset management giant flagged signs that BTC price action is close to bottoming. Wood: “We’re waiting for more capitulation signals” One of Bitcoin’s most vocal supporters, ARK and CEO, Cathie Wood, […]

Jul 05
Dutch University set to recover more than twice the paid BTC ransom in 2019

The university reluctantly paid €200,000 in Bitcoin in December 2019 to avoid losing critical research data and resources. 3173 Total views 36 Total shares Netherland-based Maastricht University (UM) is set to recover nearly €500,000 ($512,150) worth of Bitcoin (BTC) after the police authorities managed to solve the infamous ransomware attack in December 2019. In 2019, […]

Jul 05
Circle’s USDC on track to topple Tether USDT as the top stablecoin in 2022

The growth of Circle’s native stablecoin USD Coin (USDC) in the last two months compared to its $66-billion rival giant Tether (USDT) is nothing short of spectacular. USDT, USDC market cap ratio hits the lowest on record Notably, USDC’s market capitalization has grown by 8.27% since May, reaching its highest level of $55.9 billion on […]

Jul 05
Bollywood A-lister-backed GARI token plunge sparks rug pull rumors

GARI token was launched by Salman Khan, an A-list celebrity from Bollywood, with an aim to help Indian creators monetize their content over a short video application Chingari. 2078 Total views 7 Total shares The domino effect of the 2022 bear market, which saw the downfall of numerous crypto ecosystems and tokens over several months, […]