Australia’s fintech sector has seen a 7% decline in independent, active firms for the second year in a row, according to the 2023-2024 KPMG Fintech Landscape report. In 2024, there was a 14% drop in the number of new blockchain and cryptocurrency startups, with only 126 successful launches. This downturn was linked to growing regulatory … Read more
Bitcoin’s rally has gained impressive momentum since Donald Trump’s victory, driving the cryptocurrency to new all-time highs (ATH). Following Trump’s win, Bitcoin surged over 30%, peaking at an ATH of $89,956 and maintaining a bullish trend since then. However, after reaching the record high of $89,956 on Tuesday, Bitcoin saw some profit-taking on Wednesday. As … Read more
Bitcoin surpassed $67,000 for the first time since July as a rally in US stocks helped to renew optimism for riskier assets such as cryptocurrencies. “Sentiment jumped sharply to ‘greed,”’ analysts at FxPro wrote in a note Tuesday. The largest cryptocurrency gained as much as 2.45% to $67,520 as of 9:58 a.m. in New York. … Read more
Bitcoin is on course for one of its biggest September gains as a global wave of interest-rate cuts, headlined by the US Federal Reserve, helps the largest digital asset to buck a seasonal jinx. The token is up over 10% this month, contrasting with an average 5.9% decline in September during the past decade, data … Read more
SEBI’s stance has not previously been reported. (Representative image) SEBI said it could monitor cryptocurrencies that take the form of securities as well as new offerings called Initial Coin Offerings (ICO). India’s market watchdog has recommended that several regulators oversee trade in cryptocurrencies, documents show, the strongest signal to date that at least some authorities … Read more
KEY POINTS The coalition has set up a website where crypto enthusiasts can learn more about the movement A Bitcoin emoji should help drive financial literacy, the coalition said Polygon, Chainalysis and CryptoQuant are among the initiative’s supporters A group of over 20 major cryptocurrency organizations have launched a “historic” campaign to push for an … Read more
Bitcoin has been boosted by a flood of cash into new spot bitcoin exchange-traded funds as well as hopes that the Federal Reserve will soon cut interest rates. Bitcoin rises by as much as 4.8 per cent to a record $71,677 in European trading, bringing gains for the year so far to 70 per cent … Read more
Currently, bitcoins have no legal backing in India and investors have to pay a tax on the income earned by trading in them. RBI has been critical of new-age currencies like bitcoins, saying they pose systemic risk to the financial systems. Crypto currencies cannot be referred to as “currencies” as they have no underlying value, … Read more
Leading Indian cryptocurrency exchanges are recording higher trading volumes, deposits, and user registrations following Financial Intelligence Unit’s (FIU’s) decision on December 28, 2022, to issue compliance show-cause notices to nine global crypto exchanges along with a request to the IT ministry to block their URLs for not adhering to Indian regulatory norms. Leading Indian crypto … Read more
A bipartisan pair of U.S. senators unveiled a bill on Tuesday that would establish new rules for cryptocurrency, and hand the bulk of their oversight to the Commodity Futures Trading Commission (CFTC). The bill, introduced by Republican Senator Cynthia Lummis, one of Congress’ most vocal cryptocurrency advocates, and Democratic Senator Kirsten Gillibrand, marks one of … Read more
