Bitcoin News
Bitcoin, Ether extend losses; G20 eyes global crypto regulation
Bitcoin started the week below US$26,000 while Ether dropped to US$1,611. Toncoin and XRP lead losers in the last 24 hours.
Pradipta Mukherjee
Lens
crypto regulations
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Regulation
India’s G20 presidency has failed to advance global crypto governance, ex-finance secretary says
With nine months under its G20 presidency belt, India's approach to cryptocurrency governance remains static. Amid regulatory ambiguity, the nation's crypto industry struggles to cope with stringent tax rules.
Pradipta Mukherjee
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Altcoins
All top 10 cryptos fall except Dogecoin, as boost from Grayscale ETF ruling fades
Bitcoin, Ether and most other top 10 cryptos dropped on Thursday after a Wednesday rally on news of Grayscale receiving a favorable ruling against the SEC.
Pradipta Mukherjee
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Crypto Trading and Strategies
India’s CoinSwitch crypto exchange fires 44 employees as trading volumes drop
CoinSwitch, an Indian cryptocurrency exchange backed by Tiger Global and Sequoia Capital, has laid off 44 employees from its customer support team due to a drop in customer queries with falling trading volumes.
Pradipta Mukherjee
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Regulation
India’s PM advocates global ethical framework for cryptocurrency, artificial intelligence
Amid growing concerns around algorithm biases and their societal impact, India Prime Minister Modi calls for international consensus on ethical AI and crypto governance at the B20 summit.
Pradipta Mukherjee
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Regulation
Blockchain tech in Thailand gets boost from new pro-crypto leader
Blockchain technology in Thailand could soon receive a boost by new Prime Minister Srettha Thavisin, who had promised during his campaign to give 10,000 baht (US$300) through digital wallets to every Thai citizen aged 16 years and above.
Pradipta Mukherjee
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Regulation
India’s CoinDCX exchange lays off 12% of staff
CoinDCX, one of India’s largest cryptocurrency exchanges, said on Wednesday it is laying off 12% of its staff due to the impact of a prolonged bear market and local tax rules.
Pradipta Mukherjee
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Regulatory News
By royal decree — the UK moves toward regulating crypto
This first installment in a 3-part series on the U.K. digital asset industry looks at recent efforts to regulate crypto and expand the sector.
Kari McMahon
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Regulation
U.S. senators reintroduce crypto anti-money laundering bill
Two U.S. senators have re-introduced the ‘‘Digital Asset Anti-Money Laundering Act of 2023’’ after months of delay, which puts greater emphasis on industry participants such as miners and validators. If the bill is passed, all crypto participants will be required to report transactions of over US$10,000.
Pradipta Mukherjee
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Regulation
National Australia Bank to block some crypto exchanges
NAB, one of Australia's “big four” banks, announced it is taking action to block some payments to “high-risk” cryptocurrency exchanges, as part of its new measures aimed at protecting customers from scams.
Pradipta Mukherjee
