CRYPTO TALK
Rise of Telegram-friendly chain spurs talk of crypto super app
The Open Network (TON) blockchain has seized the crypto spotlight even amid a broader rally in the sector that saw Bitcoin hit new heights before a recent selloff.
Should you book your profits or stay invested as market may conquer new peaks? Nilesh Shah answers
Nilesh Shah from Kotak AMC says Indian investors are optimistic about the market but not irrational. He further emphasizes the importance of creating financial security for every Indian through capital market participation to generate real returns, addressing the low percentage of savings in above inflation return products in Indian markets.
Crypto money is poised to sway US polls
Cryptocurrency executive Ryan Selkis, from Messari, spoke at an event celebrating Trump's NFTs, emphasizing the political influence of the 50 million U.S. crypto holders.
This Solana meme coin has raised over $3M on presale, is this the next crypto to explode?
Sealana, a seal-themed meme coin on Solana, raised $3 million in its presale phase, gaining traction through memes on Twitter. Its upcoming debut on a DEX could determine its success. The project lacks a whitepaper, roadmap, and information on its exchange debut. The raised funds' utilization remains undisclosed. A successful DEX launch may boost its prospects.
Top Penny Crypto: Which is the next crypto to hit $1 in 2024?
The article discusses the potential of penny cryptos like 5thScape, DarkLume, Tron, Chainlink, and Dogecoin in the cryptocurrency market, highlighting their market value, founders, current market cap, future prospects, and reasons to invest.
Bitcoin rally and ‘short memories’ reignite everything in crypto
Bitcoin's rally is reviving animal spirits in the financial world, with a surge in deal flow and investments. The crypto market sees a return of bull market hallmarks, including celebrity endorsements and new tokens creation at a rapid pace.
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Tether acquires $100 million stake in US-Listed bitcoin miner Bitdeer
The two firms entered into a subscription agreement for a private placement of 18.6 million Class A ordinary shares, Bitdeer said in a statement on Friday, which generated $100 million in gross proceeds. There was also a warrant to purchase up to five million in additional shares at $10 per share. The private placement closed on Thursday.
Crypto Talk: Election year economic policies could propel Bitcoin to new heights, predicts Rajagopal Menon of WazirX
2024 is projected to be a significant year for cryptocurrencies with government spending expected to rise, leading to a potential reduction in interest rates. Bitcoin's price surge post-halving is driven by factors like institutional demand and cyclical patterns. Rajagopal Menon says no one who has held Bitcoin for more than 4 years has ever lost money. Systematically buying Bitcoin every month, similar to investing in a mutual fund, can be an effective strategy.
The Man Behind Bit-Con
Craig Steven Wright of nChain claimed to be Bitcoin's creator, Satoshi Nakamoto, facing legal disputes with the crypto industry over his assertion.
Hong Kong mulls nod for Ether ETF staking in contrast to US
The talks are ongoing and there's no clear timeline for a decision, the people added, asking to not be identified discussing private information. A spokesperson for the SFC didn't immediately respond to a request for comment.
Dogwifhat price prediction: Can it hit $10 in 2024?
Dogwifhat (WIF) meme coin garnered attention with $4.85 peak and $4.8B cap. 'Doge-hat army' supports. Dogeverse (DOGEVERSE) emerges with cross-chain innovation, $13M presale success, staking rewards. Potential for $10 target remains speculative.
US SEC expected to deny spot ether ETFs next month, industry sources say
VanEck, ARK Investment Management and seven other issuers have filed with the SEC to list ETFs that would track the spot price of the world's second-largest cryptocurrency after bitcoin. The SEC must decide on VanEck's and ARK's filings, which are first in line, by May 23 and May 24 respectively.
Bitcoin 'halving' has taken place, CoinGecko says
Bitcoin's halving event occurred, reducing new coin creation rate and emphasizing scarcity. Price stabilized post-halving. Analysts skeptical about significant price increases. SEC approval of bitcoin products noted as a positive factor.
The making of a crypto evangelist: Larry Fink's transformative journey
BlackRock has set its sights on Ethereum, filing with the SEC to launch Ethereum ETFs. Larry Fink is bullish on Bitcoin. He regards the iShares Bitcoin Trust as “the fastest-growing ETF in the history of ETFs". This marks a stark departure from his earlier reservations.
Crypto Talk: Mudrex set to see 3x rise in trading volumes by month-end: Edul Patel
Mudrex anticipates massive growth with 100,000 new users and tripled trading volume by March. Edul Patel shares insights on market dynamics, Bitcoin ETFs, Halving's impact, and Mudrex's proactive measures to educate investors. He also says Investors should always do their own research before investing in any financial assets including crypto.
Crypto Academy Episode 2: Founder Edul Patel speaks of strategies and secrets to build a $1000 crypto portfolio
Cryptocurrencies, driven by blockchain, offer financial opportunities. Crypto Academy educates on portfolio building. Manage risks, avoid FOMO, and learn continuously for successful crypto investments.
Can the crypto bull market last?
Ongoing crypto bull run impacts Indian investors. Popular exchanges like CoinSwitch and UnoCoin gain attention. Bitcoin, Ethereum surge due to ETF approval and Halving event. Diversified investments and research-based decisions recommended for profiting in this market.
Greater amount of realism in cryptocurrency market, says RBI Governor
RBI governor stressed on distinguishing between blockchain technology, which has various applications including the central bank's digital currency project, and speculative crypto trading. He noted the growing awareness among individuals, both in India and internationally, regarding the risks involved in crypto investments.
Budget 2024: Need for crypto-friendly budget, level-playing field, says WazirX's Rajagopal Menon
Rajagopal Menon says Indian crypto industry seeks level playing field, stable banking connections, and optimized taxes in upcoming budget. Regulatory measures expected to address TDS reduction, loss tax rule change, and taxation alignment with equity shares. Support for innovation and blockchain development crucial, G20 roadmap to be followed, optimized crypto taxes to boost investor confidence and encourage investment in Indian crypto ecosystem are needed. Closer collaboration between industry and government also needed for balanced regulation and mutual benefits.
ETMarkets Smart Talk: Long-term investors would continue to seek a reaffirmation of AtmaNirbhar Bharat in Budget 2024: Rajesh Cheruvu
Long-term investors await the Interim Budget 2024 or Vote on Account for a reaffirmation of AtmaNirbhar Bharat and focus on deepening India's supply chain and investment-led economic expansion. Markets are currently buoyed by liquidity, with strong flows from FIIs and resilient DII flows. The budget may not be as significant as previous ones due to upcoming elections, but infrastructure will remain a focal point, particularly with ambitious PLIs to enhance supply chains and boost supply-driven GDP. Risk factors to watch include managing fiscal deficit and geopolitical risks.
ETMarkets Budget Talk: Planning to invest Rs 10 lakh? Invest in largecaps over next 2-3 months: Alekh Yadav
“We think investors looking to invest in large caps could deploy it gradually over the next 2-3 months but those looking to invest in mid and smallcap could wait for better entry points,” says Alekh Yadav, Head of Investment Products, Sanctum Wealth.
ETMarkets Smart Talk: If you plan to invest Rs 10 lakh ahead of Budget 2024, deploy it over 6 months: Rohit Sarin
As we approach the Interim Budget 2024 or the Vote on Account, the Indian markets are expected to remain strong in 2024 aided by the reallocation of global liquidity towards equity, with the government's policy stance aligned with this momentum. The Indian market is well-positioned for continued growth, although it may remain volatile in the near term. India's fiscal deficit and current account deficit are in line with goals. India's economic indicators reveal sustained growth rates, making it an appealing investment destination.
How can Indians invest in Bitcoin ETFs in the US? BitBNS' Gaurav Dahake answers
Indian investors can now buy crypto ETFs by depositing INR in Indian exchanges or through the Liberalised Remittance Scheme (LRS) route. The LRS route allows investors to send up to $250,000 per year to a US brokerage account and take exposure to the ETF. However, using the LRS route may incur a 20% TCS on remittances above 7 lakhs.Trading on Indian exchanges does not have a TCS angle but involves a 1% TDS on selling and a 30% tax on profits. Investors can allocate around 10% or less to crypto ETFs and accumulate assets systematically.
Crypto Talk: Mudrex turns 6, eyes 5 million users by 2025-end
Mudrex marks its sixth year as the world's largest crypto index platform with over a million users. In 2019, Y-combinator backed Mudrex, and they launched Coin Sets to make crypto accessible to retail investors. Mudrex prioritizes compliance and is registered with FIU, EU's Virtual Asset Service Provider, and Italy's Organismo Agenti e Mediatori. They also offer Saber.Money, a B2B service for businesses integrating crypto.
Crypto investors cheer talk of Binance criminal probe resolution
The U.S. Justice Department (DOJ) is seeking over $4 billion from Binance as part of a proposed resolution of its probe, Bloomberg reported on Monday, citing people familiar with the discussions
Crypto Talk | Fidelity Investment, BNY Mellon’s foray into crypto a boon, not bane: Giottus Crypto
"In India, as regulatory clarity evolves, it is clear that crypto is here to stay. The primary challenge lies in aligning the government’s stance with a user-friendly environment for crypto enthusiasts. This will encourage businesses that have remained one foot away based on previous uncertainties to plan for an entry into the sector. The opportunity then lies in growth of a global sector that can eventually innovate, mature and gain mainstream acceptance, particularly in a technology-savvy country like India."
Crypto Talk | Increasing adoption of AI offers immense potential to transform the crypto market: Zoksh Pay
The increasing adoption of artificial intelligence (AI) has the potential to transform the crypto market by enhancing security measures, improving fraud detection, and strengthening compliance with Anti-Money Laundering (AML) regulations. AI-powered systems can analyze real-time data to identify suspicious patterns and potential fraud attempts, minimizing false positives and increasing trust in crypto transactions.
Crypto Talk | India's progress in crypto regulations set to enhance transparency in ecosystem: CoinSwitch
The high taxes imposed by the Indian government have led to a decline in trading volumes on major crypto platforms. However, the progress in implementing regulations for the crypto market has given hope to service providers like CoinSwitch. The CEO of CoinSwitch believes that India's regulatory standards enhance transparency and could prompt the government to reconsider the TDS rate. While crypto trading volumes have recovered in 2023, they have not reached the levels seen in early 2022.
Crypto Talk | With growing interest in crypto, regulations in India inevitable: WazirX
"As Bitcoin's halving approaches in April 2024, the general expectation is that Bitcoin's dominance may sail towards a horizon of 60% by 2023. Also, analysts are expecting a wall of Institutional money to flow into Bitcoin ETFs. The question is not if, but when. And even if a storm led by a seasonal correction in the S&P 500 brews, it may not necessarily sink Bitcoin below its bull market support band."
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