The Reserve Bank of India is expected to raise its policy rate by half a percentage point for the third time in a row, as the rupee's drop to a record low this month complicates the fight against inflation. According to 34 of 46 economists polled by Bloomberg on Thursday, the Reserve Bank of India's six-member monetary policy committee will raise its repurchase rate by 50 basis points to 5.9%.... Read More
Wintermute's CEO tweeted on Tuesday that hackers had stolen digital assets worth around $160 million from the crypto trading firm, the latest heist to hit a sector long plagued by cybercrime. Wintermute's decentralised finance operations in London were targeted, according to Evgeny Gaevoy in a tweet. He added that the firm, which provides liquidity across major crypto exchanges and trading platforms, is still solvent following the hack. Numerous heists have... Read More
After a steep decline over the weekend, cryptocurrency tokens were trading at a lower level on Monday. As the US Fed committed to maintain the monetary hawkishness established earlier this year, the entire market valuation for cryptocurrencies once again fell below the $1 trillion threshold. Due to uncertainty regarding the Federal Reserve's rate-hike path, Bitcoin sank below $20,000 on Sunday as part of a broader cryptocurrency market slide, according to... Read More
A global peer-to-peer cryptocurrency exchange and trading platform for derivatives, BitMEX. The perpetual swap, a futures product that lets you utilise leverage but trades like a spot contract, was created by the platform's founders. The closure of cryptocurrency hedge fund Three Arrows Capital's in the wake of the Terra ecosystem's collapse had an effect on a number of exchanges, including BitMEX. The CEO of BitMEX, Alexander Höptner, spoke with Mint... Read More
On Friday, Bitcoin made a dramatic decline that sent it to a 3-week low. The biggest digital cryptocurrency dropped below the crucial psychological threshold of $22,000 after losing more than 8%. It was not possible to determine the precise cause of this unexpected decrease right away. Analysts noted that the bulls' power appears to be decreasing from a technical perspective. The US FOMC minutes, which suggested that bankers are unlikely... Read More
The price of bitcoin dropped to around $22,000 on Friday, its lowest level in more than three weeks, as a result of an unexpected crypto sell-off in early European trading. According to CoinDesk data, Bitcoin momentarily fell from $22,738 to below $21,500 at 2:30 a.m. ET before bouncing back somewhat to just under $22,000 within a ten-minute span. It occurs just after the largest digital coin in the world reached... Read More
Top cryptocurrencies are still trading in the red on August 19, as the market cap of all cryptocurrencies fell by 5.92% to $1.05 trillion from the previous day. According to coinmarketcap.com, the overall cryptocurrency market volume increased over the past day by 5.97%, reaching $72.83 billion. DeFi's overall volume was $5.74 billion, or 7.88% of the 24-hour volume of the whole crypto market. The volume of all stable coins is... Read More
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