Cryptocurrencies

Crypto company, Celsius, recently famed for pausing withdrawals has now filed for chapter 11 bankruptcy protection. They have now become the second Crypto company to file for bankruptcy. The first being Voyager who filed for chapter 15 bankruptcy protection about a week ago. In a statement on wednesday, Celsius said that it is looking to […]

Although some recovery was made on Tuesday, the crypto world still bleeds. The market is currently struggling to attract new investors. Consequently, in the last 24 hours, the global cryptocurrency market cap decreased to $905 billion, falling 0.61% over the day while Bitcoin traded near $20,000.  The global crypto market volume over the last 24 […]

Embattled cryptocurrency exchange CoinFlex will probably not let customers withdraw money again on Thursday as it originally planned. According to CEO Mark Lamb on Wednesday. “We will need more time. And it’s unlikely that withdrawals will be re-enabled tomorrow,” However, CoinFlex is in talks with several large funds. Especially those interested in buying the $47 […]

If crypto’s past bubbles are anything to go by, bitcoin could be about to fall much further. That’s according to one strategist, who warns the world’s top cryptocurrency is likely to tank as low as $13,000. That is an almost 40% drop from current levels. “We would still be selling these kinds of cryptocurrencies into […]

Perhaps a silver lining has appeared for crypto investors – including those trading with eToro. Bitcoin and other major crypto tokens rebounded sharply on Thursday. They were marching in line with the equity markets, after the rate hike outcome of the US Federal Reserve. The Fed on Wednesday raised interest rates by 75 basis points […]

Earlier in this year, the government of India put in place a new regulation that provides about 30% tax returns on all cryptocurrency activities and 0.1% Tax Deduction at Source (TDS). However, in the early days of the week, the website on which the tax deduction was to be implemented, crashed. This led to a […]

A new version of the collapsed Luna cryptocurrency is already live on major exchanges – and it’s gotten off to a bad start. Last week, supporters of the Terra blockchain project voted to revive Luna but not terraUSD, a so-called “stablecoin” that plunged below its intended peg to the dollar, causing panic in the crypto […]

Do Kwon, a trash-talking entrepreneur from South Korea, called the cryptocurrency he created in 2018 “my greatest invention.” In countless tweets and interviews, he trumpeted the world-changing potential of the currency, Luna, rallying a band of investors and supporters he proudly referred to as “Lunatics.” Mr. Kwon’s company, Terraform Labs, raised more than $200 million […]

With cryptocurrencies trading lower today in the wake of the collapse of TerraUSD and the most volatile week for Bitcoin trading in at least two years, the question that has been popping up is why did the current crypto crash happen? It is important to note that the wipeout of algorithmic stablecoin TerraUSD and its […]