Japan’s Financial Services Agency (FSA) is exploring the possibility of changing the way cryptocurrencies are taxed, a move that could significantly alter the landscape for crypto investors in the country. Currently, Japan taxes cryptocurrency profits as income, which can result in high tax rates of up to 45% for high earners. The FSA is now…
Bitcoin experienced a sharp drop below $56,000 during the Asian morning trading session, marking its lowest point since August 8. This sudden decline reversed nearly all of the cryptocurrency’s gains from the previous month. Although Bitcoin recovered slightly, trading above $56,500 later in the day, it remained more than 4% down in the past 24…
On Wednesday, Bitcoin and Ether, the two largest cryptocurrencies by market capitalization, experienced a significant drop of up to 5%, as renewed concerns about a potential U.S. economic slowdown spooked investors. The sell-off in the crypto market was largely driven by anticipation of key economic data that could influence future interest rate decisions by the…
Bitcoin, the world’s largest cryptocurrency, has always been a volatile asset, but recent market analysis suggests that it could face a significant downturn in the near future. According to some analysts, Bitcoin could drop as much as 20% following potential interest rate cuts by the Federal Reserve. However, despite this bearish outlook, the ongoing weakness…
In August, Polymarket, the popular decentralized prediction market platform, experienced a significant surge in activity, largely driven by growing interest in the upcoming U.S. elections. This spike in user engagement has highlighted a fascinating divergence in behavior between those participating in Conditional Token Funding (CTF) markets and Negative Risk (NegRisk) markets, underscoring the varying strategies…
WazirX, one of India’s most prominent cryptocurrency exchanges, has been making headlines recently due to the ongoing discussions surrounding its financial restructuring. According to legal advisors representing WazirX, the exchange may be able to return around 55-57% of users’ crypto assets following a successful restructuring process. This news comes as a glimmer of hope for…
In a significant development within the Indian cryptocurrency industry, CoinSwitch, one of the leading crypto exchanges in the country, has taken legal action against its rival platform, WazirX. The lawsuit centers around a dispute involving funds allegedly stuck on the WazirX platform, which CoinSwitch is now seeking to recover. Background of the Dispute The legal…
In the world of cryptocurrency, the term “crypto whale” is often used to describe an entity—whether an individual, organization, or even a large institution—that holds a significant amount of a particular cryptocurrency. These whales have the power to influence market dynamics, including liquidity and price movements, due to the sheer volume of assets they control….
In a recent ETMarkets live stream with Delta Exchange, Saketh Ramakrishna provided an insightful explanation of the Iron Condor strategy, a popular options trading method for managing risk in volatile cryptocurrency markets. This non-directional strategy is designed to profit from periods of low volatility, making it an attractive choice for traders looking to navigate the…
In a bid to influence the future regulatory landscape for cryptocurrencies, investors and industry executives are rallying behind U.S. Vice President Kamala Harris. These leaders are planning to raise at least $100,000 for the Democratic nominee at a high-profile fundraiser in Washington, D.C., scheduled for September 13. The move comes as the crypto industry faces…
If you’ve ever thought that your crypto-obsessed friend might have a darker side, you may not be entirely off the mark. According to a recent academic paper published in the journal PLOS One, digital-asset holders tend to exhibit higher levels of “dark” personality traits such as narcissism, Machiavellianism, psychopathy, and even sadism. This provocative study…
In the fast-paced and ever-evolving world of digital currencies, staying informed about the latest trends and developments is crucial for investors and enthusiasts alike. CNBC Crypto World offers a daily dive into the most recent news and trading updates from the cryptocurrency markets, featuring high-profile interviews, expert analysis, and unique stories that shed light on…
