October 1st, 2022 1:26 AM 0 COMMENTS

As Rupee Falls, RBI Plans Its Third Half-Point Increase

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

September 21st, 2022 12:54 AM 0 COMMENTS

Wintermute, a Major Cryptocurrency Trader, Has Been Hacked for $160 Million, According to CEO

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

August 29th, 2022 7:46 PM 0 COMMENTS

Bitcoin Drops Below $20,000; Avalanche & Polygon Decline by Up to 10% in Today’s Live Cryptocurrency Price

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

August 24th, 2022 6:50 PM 0 COMMENTS

Terra Blockchain Collapse Absorbed by the Cryptocurrency Market: BitMEX CEO

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

August 20th, 2022 4:26 PM 0 COMMENTS

Where Is the Crypto Behemoth Headed Next as Bitcoin Dips 8% to Trade Under $22,000?

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

August 19th, 2022 6:40 PM 0 COMMENTS

Bitcoin Falls Below $22,000 Due To A Sudden Decline In Cryptocurrency Market

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

August 19th, 2022 6:34 PM 0 COMMENTS

Over 6% Of Bitcoin Drops To $21,969 While 5.4% Of Ether Drops

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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