Market News Top Crypto News WazirX Lays Off 60+ Employees – Top Crypto Updates WazirX lays off 40% of its employees: Report Indian crypto exchange WazirX has laid off several employees, the company said in a statement shared with CoinDesk. Around 50-70 employees, or 40% of the exchange’s workforce of 150, were laid off amid adverse economic conditions, the ongoing crypto winter, and India’s anti-cryptocurrency stand. WazirX’s daily trading […] Written by Cherian Varghese October 3, 2022October 3, 2022
Market News Top Crypto News India Drops Two Rankings in Global Crypto Adoption Index – Top Crypto Updates India drops two rankings in global crypto adoption index According to crypto analysis platform Chainalysis, India has fallen two slots to the fourth place in a list of 20 countries with the highest crypto adoption rate. This is primarily due to crypto tax and regulatory uncertainty. Vietnam continued to remain at the top spot, followed […] Written by Cherian Varghese September 16, 2022September 16, 2022
Market News Top Crypto News Binance US Launches High-Yield ETH Staking – Top Crypto Updates Binance US launches high-yield Ethereum staking Binance US is the latest major crypto exchange to launch Ethereum staking on its platform. Users can now stake the second-largest crypto by market cap and earn rewards at a starting rate of 6% annual percentage yield (APY). The company’s competitors Lido and Coinbase currently offer 3.5% and 3.25% APY, […] Written by Cherian Varghese September 8, 2022September 8, 2022
Market News Top Crypto News Thailand Tightens Rules on Crypto Advertising – Top Crypto Updates Thailand tightens rules on crypto advertising Thailand’s Securities & Exchange Commission (SEC) has rolled out new rules on advertising for crypto companies after the industry has come under greater scrutiny from authorities. Crypto firms have to clearly show investment risks in advertisements and provide a balanced view of potential risk and returns. Information of advertising […] Written by Cherian Varghese September 2, 2022September 2, 2022
Market News Top Crypto News Celsius Countersues KeyFi for ‘Gross Mismanagement’ – Top Crypto Updates Celsius countersues KeyFi for ‘gross mismanagement’ Crypto lending platform Celsius filed a countersuit in U.S. Bankruptcy Court on Tuesday against Jason Stone and his company KeyFi. In the filing, Celsius alleges Stone falsely represented himself as a pioneer and expert in coin staking and decentralized finance (DeFi) investments. The countersuit alleges KeyFi stole millions of dollars in coins from […] Written by Cherian Varghese August 24, 2022August 24, 2022
Market News Top Crypto News BlackRock Launches Spot Bitcoin Private Trust – Top Crypto Updates BlackRock launches Spot Bitcoin Private Trust BlackRock has launched a Spot Bitcoin Private Trust to offer its U.S.-based institutional clients direct exposure to the most popular cryptocurrency. The company said it is seeing “substantial interest” from some of its institutional clients in accessing crypto markets through its technology. The asset manager is also exploring permissioned blockchains, stablecoins, crypto-assets, […] Written by Cherian Varghese August 12, 2022August 12, 2022
Market News Top Crypto News Celsius Lays Out Mining-Focused Reorganisation Plan – Top Crypto Updates Celsius lays out mining-focused reorganisation plan Crypto lender Celsius has half a million creditors owed more than $5 billion, said the company’s attorneys during its first bankruptcy hearing. News of Celsius’ liquidity crisis broke on June 12, when it paused all customer withdrawals due to “extreme market conditions.” Celsius is betting big on its crypto mining […] Written by Cherian Varghese July 19, 2022July 19, 2022
Market News Top Crypto News Bitbns Launches ‘Zero TDS’ on SIP Investments – Top Crypto Updates Bitbns introduces ‘zero TDS’ on SIP investments Crypto exchange Bitbns has announced zero tax deducted at source (TDS) on its systematic investment plans (SIP) on crypto investments. The initiative aims to remove the taxation burden from investors while encouraging them to undertake SIPs. SIPs will help leverage the benefits of rupee cost averaging to counter […] Written by Cherian Varghese July 13, 2022July 13, 2022
Market News Top Crypto News DeFi Giant Aave Plans to Launch its Own Stablecoin – Top Crypto Updates DeFi giant Aave plans to launch its own stablecoin Decentralised finance (DeFi) protocol Aave is planning to launch its own stablecoin. It has created an Aave Request for Comments (ARC) for a new decentralized, collateral-backed stablecoin native to the Aave ecosystem known as GHO. The proposal for a new stablecoin is now in the hands […] Written by Cherian Varghese July 8, 2022July 8, 2022
Market News Top Crypto News Celsius Freezes All Withdrawals, Transfers – Top Crypto Updates Celsius crashes 70% in 1 hour after firm halts withdrawals Controversial crypto lender Celsius announced it was pausing all customer withdrawals, swaps, and transfers on Sunday night. “We are taking this necessary action for the benefit of our entire community in order to stabilize liquidity and operations while we take steps to preserve and protect […] Written by Cherian Varghese June 13, 2022June 13, 2022
