Starting April 10, 2024, KuCoin users in India will be subject to a 1% tax deducted at the source (TDS) on their transfers of Virtual Digital Assets (VDAs). This new policy comes after the exchange successfully registered with the Indian Financial Intelligence Unit (FIU). In accordance with Indian government regulations, KuCoin will begin implementing this … Read more
Early Monday, there was a major disruption on the dYdX Chain, the blockchain supporting the dYdX perpetual futures exchange, which lasted for over nine hours. The cause of this interruption was a scheduled upgrade to version 4 of the chain. However, the upgrade process ran into an issue, resulting in an unforeseen halt in operations. … Read more
Based on information provided by Eric Balchunas, Bloomberg’s senior ETF analyst, the assets under management for this Bitcoin ETF are nearing $20 billion. This figure places it among the top 3% of Bitcoin ETFs in existence, as noted by the analyst. Notably, BlackRock’s new product has surpassed the asset size of established funds such as … Read more
On Monday, the total value of the cryptocurrency market experienced a significant rise, reaching an impressive $2.8 trillion. This surge was largely driven by Bitcoin‘s renewed dominance at over $72,000. Furthermore, there were signs of continued growth among other top altcoins such as Shiba Inu (SHIB), Pepe Coin (PEPE), and Dogewhiz (WIF). These digital currencies … Read more
In recent days, there has been a significant increase in trading and investments in Bitcoin ETFs. Two particular ETFs, those offered by Blackrock and Fidelity, have stood out as particularly favored among investors. As reported by Bloomberg analyst Eric Balchunas, these ETFs have moved up the ranks to join the top 20 with the highest … Read more
Over the next seven days, there are several intriguing stories and events unfolding in the crypto world that could significantly impact market trends. Two well-known cryptocurrency experts, Miles Deutscher and Layergg, have shared their insights on which tokens and topics may gain widespread attention. Let’s explore their perspectives in more detail: Bitcoin: On the Verge … Read more
In recent times, the market has seen instability as Bitcoin failed to surpass the $69,000 mark. Once it reached this level, meme coins gained significant attention due to social media buzz and online communities. New Solana memecoins emerged in April 2024, creating intriguing investment possibilities with a mix of excitement and apprehension for investors. Let’s … Read more
JPMorgan Chase & Co. CEO Jamie Dimon believes that Artificial Intelligence (AI) technology holds the power to revolutionize the financial services industry. He compares its transformative influence to that of steam engines, explaining how AI can enhance and improve almost every occupation. Each year in his shareholder letter, Dimon emphasized that artificial intelligence (AI) holds … Read more
Bitcoin ATMs function as web-connected machines where people can acquire Bitcoin or alternative cryptocurrencies using debit cards and conventional payment methods. The majority of these machines serve for buying digital currencies, while an increasing number now enable users to sell their crypto assets as well. In recent times, the widespread use of cryptocurrencies like Bitcoin … Read more
Based on the perspective of Brad Garlinghouse, the CEO of blockchain firm Ripple, the cryptocurrency sector might be at the brink of experiencing a significant surge. During an interview with CNBC, Garlinghouse expressed his belief that the crypto market’s total valuation could reach an astounding $5 trillion by the year 2024, representing a doubling of … Read more