Market News Top Crypto News Binance Deploys $1B for Crypto Recovery Fund – Top Crypto Updates Binance allocates $1B for ‘Crypto Recovery Fund’ Crypto exchange Binance has allocated another $1 billion for its industry recovery fund, effectively increasing the fund size to over $2 billion. The fund would have a “loose” structure and be publicly visible on the blockchain. Binance first announced the launch of an “industry recovery fund” on November […] Written by Cherian Varghese November 25, 2022November 25, 2022
Market News Top Crypto News SBF, Binance to Testify on FTX Collapse – Top Crypto Updates House Committee calls on SBF, Binance to testify on FTX collapse The U.S. House Financial Services Committee will hear from Sam Bankman-Fried (SBF) on the collapse of his crypto empire FTX next month. Binance, which offered to buy FTX before pulling out after seeing its financial statements, will also testify along with SBF’s trading firm Alameda Research and […] Written by Cherian Varghese November 17, 2022November 17, 2022
Market News Top Crypto News Crypto Exchanges Get ED Notices Over Violation of FEMA – Top Crypto Updates CoinSwitch, CoinDCX get ED notices over violation of FEMA The Enforcement Directorate (ED) has sent notices to crypto exchanges CoinSwitch Kuber and CoinDCX as they came under the central agency’s radar. ED has registered a case against the two firms under the violation of the Foreign Exchange Management Act (FEMA). The agency is trying to ascertain if […] Written by Cherian Varghese July 7, 2022July 7, 2022
Market News Top Crypto News Panama’s President Vetoes Crypto Bill – Top Crypto Updates Panama’s President vetoes crypto bill Panama’s President Laurentino Cortizo has partially vetoed a ‘crypto bill’, saying it requires more work to better fit the country’s financial regulations. Cortizo had previously warned that he would not sign the bill unless it included additional Anti-Money Laundering rules. If passed, the new law would allow Panamanians to buy […] Written by Cherian Varghese June 17, 2022June 20, 2022
Market News Top Crypto News Binance Labs Launches $500 Million Web3 Fund – Top Crypto Updates Binance Labs announces $500 million Web3 fund Binance Labs announced a new $500 million fund for Web3 projects. The fund is backed by internet investment capital firm DST Global and global venture capital firm Bayer Capital. The money will be pumped into projects that can extend the use cases of cryptos and drive the adoption of […] Written by Cherian Varghese June 2, 2022June 3, 2022
Market News Top Crypto News ECB President Renews Calls for Crypto Regulation – Top Crypto News ECB President renews calls for crypto regulation European Central Bank President Christine Lagarde reiterated her concerns over cryptocurrencies and her desire for regulation. “My very humble assessment is that it is worth nothing, it is based on nothing, there is no underlying asset to act as an anchor of safety,” she said. Crypto prices today: Bitcoin up […] Written by marketfeed Team May 23, 2022May 23, 2022
Market News Top Crypto News Crypto Exchanges Block Deposits via State-Backed System – Top Crypto News Crypto exchanges block deposits via state-backed system Crypto exchanges CoinSwitch Kuber and WazirX have disabled rupee deposits for the purchase of cryptocurrency using UPI, a state-backed transfer system. The decision follows a statement last week by the National Payments Corporation of India saying it was not aware of any crypto exchange using its United Payments […] Written by marketfeed Team April 13, 2022April 21, 2022
Market News Top Crypto News Pledge Launches Platform for NPOs to Accept Crypto Donations – Top Crypto News Pledge launches platform for non-profits to accept crypto donations Fundraising platform Pledge has started allowing non-profit organisations to accept donations in cryptocurrencies such as Bitcoin, Ethereum, and Tether. It also allows the instant conversation of crypto to a fiat currency. Entities can start accepting crypto donations in minutes, with no technical experience, crypto wallet, or […] Written by marketfeed Team April 12, 2022April 21, 2022
Market News Top Crypto News Crypto Losses Can’t be Set Off, Clarifies Govt – Top Crypto News Crypto losses can’t be set off, clarifies Govt The Government of India has clarified that losses from virtual digital assets cannot be set off against gains one makes from other such assets. In other words, crypto investors and traders would have to pay a flat 30% tax on income, while losses would not provide any […] Written by marketfeed Team March 22, 2022April 21, 2022
