Cryptocurrency News

20 December

Survey: Brazilians Pour 7% to 35% of Assets into Cryptocurrency

A recent survey conducted in Brazil reveals that a significant portion of the population is investing a substantial portion of their assets in cryptocurrencies. The study, which polled thousands of Brazilian investors, found that between 7% and 35% of their total assets are being allocated to digital currencies. This trend reflects the growing popularity and acceptance of cryptocurrencies in the …

20 December

Investors Demand Justice After 90% Crash in HAWK Token Value

In a dramatic turn of events, investors who lost $151,000 following the 90% crash of the $HAWK token have filed a lawsuit against its creators and promoters. The sudden and significant devaluation of the cryptocurrency has sparked outrage among those who were caught off guard by the rapid decline. This legal action underscores the growing concerns about the volatility and …

20 December

Crypto.com and Formula 1 Secure Continued Collaboration Through 2023

Formula 1 has announced an extended partnership with Crypto.com, securing a continued relationship through the 2023 season. The collaboration, initially launched in 2021, has proven to be a significant opportunity for both brands to expand their reach among global audiences. As part of the agreement, Crypto.com will continue to benefit from exclusive branding rights and various promotional opportunities throughout the …

20 December

Japan’s Crypto Tax Push Faces Prime Minister’s Skepticism

In Japan, the ruling party’s drive for cryptocurrency tax reform continues to face skepticism from Prime Minister Fumio Kishida. Despite strong lobbying efforts from within his own ranks, the government appears cautious about the potential implications of changes to the tax system for digital assets. As Japan strives to strike a balance between fostering innovation in the crypto space and …

20 December

El Salvador to Persist with Bitcoin Purchases Despite IMF Warnings

El Salvador’s ambitious decision to embrace Bitcoin as a legal tender has been met with a mixture of enthusiasm and concern both domestically and internationally. Despite warnings from the International Monetary Fund (IMF) and other financial bodies about potential risks and the lack of regulatory safeguards, the Salvadoran government has made it clear that it will continue to acquire Bitcoin …

20 December

Crypto Carnage: Over $1B Wiped Out Amid Fed’s Hawkish Stance

The cryptocurrency market faced a severe downturn, with over $1 billion in liquidations as investors reacted to the Federal Reserve’s hawkish signals. This latest sell-off highlights the market’s vulnerability to macroeconomic shifts and the growing influence of central bank policies on digital assets. The Fed’s Hawkish Signal During a recent policy meeting, the Federal Reserve reaffirmed its commitment to controlling …

20 December

Bitcoin’s Ascent: Powell Admits Fed’s Limited Grip on the Crypto Boom

The rise of Bitcoin and other cryptocurrencies has sparked debates across financial institutions and governments worldwide. Federal Reserve Chair Jerome Powell recently acknowledged the growing influence of cryptocurrencies, emphasizing that their decentralized nature places them beyond the direct control of central banks. This revelation underscores the shifting dynamics in global finance and raises questions about the future of traditional monetary …

19 December

Indian Markets React to Fed’s Hawkish Outlook: Sensex, Nifty Fall

In early trading today, the Indian stock market experienced a significant slump as both the Sensex and Nifty indices dropped sharply following signals from the US Federal Reserve regarding fewer rate cuts next year. This unexpected outlook from the Fed has sparked concerns among investors about global economic growth and its impact on emerging markets like India. This article delves …

19 December

SpiceJet, Genesis Reach Settlement in $16 Million Dispute, Genesis Gains $4 Million in Equity

In a significant development, SpiceJet and Genesis have reached a settlement in their $16 million dispute, with Genesis acquiring a $4 million equity stake in the Indian low-cost airline. This agreement marks the resolution of a legal battle that has been ongoing for several months, and it paves the way for closer collaboration between the two companies. This article explores …

19 December

India Beats China in Ultra-high Net Worth Growth in 2024

India Pips China In Creating Ultra-high Net Worth Individuals In 2024 Introduction In a significant shift on the global wealth landscape, India has outpaced China in the creation of ultra-high net worth individuals (UHNWIs) in 2024. This milestone highlights the rapid growth of wealth within India’s borders, positioning the country as a key player in the global economic elite. This …