Bitcoin News

Affected by the artillery fire of the “heavy tax policy”! Cryptocurrency volumes in India plummet

The lower house of the Indian parliament passed the cryptocurrency taxation bill in March this year, in addition to levying a 30% tax on capital gains from cryptocurrency transactions from April 1, and from July 1, cryptocurrencies over $126 will be taxed. Transactions are subject to an additional 1% Tax Deducted at Source (TDS). The …

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Author of “Black Swan”: Even if it rises to $100,000, Bitcoin is a failure

Nassim Taleb, a professor at New York University known for his best-selling book “The Black Swan Effect,” used to be optimistic about Bitcoin’s development potential and entered the market, but he has now turned his head sharply, threatening that even if Bitcoin soared to 100,000 during another bull market dollar, it also remains a failure. …

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Cryptocurrency exchanges may set off a “wave of closures”! SBF: Some companies are privately insolvent

In the past six months, although the cryptocurrency market has been slumped under the LUNA crash and interest rate hikes, several companies are facing the risk of bankruptcy. In this regard, Sam Bankman-Fried (SBF), a crypto-rich and co-founder of digital asset exchange FTX, warned that , “There will be a wave of cryptocurrency exchange closures …

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Elon Musk: I didn’t say ‘people should invest in cryptocurrencies’

After a “massacre”, the cryptocurrency market has rebounded in recent days and is back at the $20,000 mark. Billionaire and Tesla CEO Elon Musk touched on the topic of cryptocurrencies during his appearance at the Qatar Economic Forum on Tuesday. Specifically, during a video chat with Bloomberg News editor-in-chief John Micklethwait on June 21, Musk …

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The cold winter of the currency market has caused a “dispatch storm”! Coinbase slashes 1,100 jobs

Since the beginning of the year, the cryptocurrency market has suffered a series of tumbles, facing the threat of a wildfire-like bear market. The US cryptocurrency exchange Coinbase announced that it will lay off 1,100 people, accounting for 18% of its staff. It is expected that after this layoff, the actual number of employees will …

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Fidelity Global Head of Macro: Bitcoin is undervalued, oversold

According to Jurrien Timmer, global head of macro at Fidelity, Bitcoin is undervalued and oversold. Jurrien Timmer, who has 126,000 Twitter followers, explained that while Bitcoin has fallen back to 2020 levels, its “price-to-network ratio” has fallen back to where it was in 2013 and 2017. annual levels, which may represent undervaluation. Is BTC cheaper …

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The founder once said that Bitcoin is a bubble! Citadel Securities prepares to build cryptocurrency exchange market

Foreign media “CoinDesk” quoted people familiar with the matter as saying that market maker giant Citadel Securities is rumored to be working with high-frequency trading firm Virtu Financial, well-known venture capital Sequoia and cryptocurrency venture capital Paradigm to build a ” cryptocurrency”. Currency Trading Ecosystem”. Citadel Securities is a sister company of the leading US hedge fund “Citadel”, which …

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Complete cryptocurrency services! PayPal opens third-party wallets and exchanges to “deposit and withdraw coins”

Online payment service giant PayPal announced that it will open the “cryptocurrency withdrawal function” from now on, allowing some US users to transfer bitcoin (BTC), ether (ETH), bitcoin cash (BTC) between PayPal and other wallets and exchanges. BCH) and Litecoin (LTC), there is no need to pay withdrawal fees, and the entire transaction process only needs to …

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【MICA RESEARCH】If U.S. stocks end the rebound, the cryptocurrency market may be hit

The performance of the cryptocurrency market was not satisfactory last week. The Nasdaq index in the United States rebounded by 8% within a week, but the price of Bitcoin was still fluctuating in the price range of $30,000. There was no buying like the US stock market. We thought that cryptocurrencies were expected to rebound …

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Will we experience another “crypto winter” like 2018?

The young cryptocurrency market is facing the most pivotal period in its history. Bitcoin has fallen 55% since reaching an all-time high of $69,000 in November 2021. Just a few weeks ago, Terra, the second-largest DeFi ecosystem, collapsed in the largest catastrophic event in the history of the cryptocurrency market. Retail, institutional and even corporate investors lost …

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