[ad_1] OKX Ceases Operations in India: Navigating Regulatory Challenges OKX, a renowned cryptocurrency exchange headquartered in Seychelles, has made the challenging decision to halt its operations in India. This decision comes as a response to a multitude of regulatory challenges and compliance issues faced by the exchange within the Indian market. Key Points: OKX, a prominent cryptocurrency exchange headquartered in Seychelles, has made the challenging decision to halt its operations in India. Regulatory challenges and compliance issues within the Indian market have prompted OKX to reassess its presence. India’s evolving regulatory framework, including Anti-Money Laundering (AML) and Counter-Financing of Terrorism…
Author: Raghav Sawhney
[ad_1] A notable downturn in Bitcoin’s (BTC) value, which briefly dipped below the $64,000 mark, resulted in substantial financial repercussions for investors speculating on an increase in its price. This downturn triggered over $440 million in liquidations among crypto futures traders. Within this context, some investors are now adjusting their expectations, predicting that Bitcoin might further decrease to the $55,000 range in the near term. Specifically focusing on those who placed long bets on Bitcoin, these individuals faced significant losses totaling $130 million. Moreover, other major cryptocurrencies were not spared from this downturn. Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE)…
[ad_1] Feb 12, 2024 21:04 UTC | Updated: Feb 12, 2024 at 21:04 UTC By Raghav Sawhney Bitcoin’s recent surge to $50,000 marks a significant milestone, being the first time it has reached this price point since late 2021. This achievement is particularly notable considering the tumultuous period the cryptocurrency market has experienced over the last couple of years, including the dramatic downturn in 2022 which saw Bitcoin’s value plummet to just above $16,000 by year-end. The recovery to $50,000 signals a remarkable turnaround, attributed to several key factors that have played a pivotal role in reigniting investor interest and confidence in Bitcoin…
[ad_1] The price of Bitcoin witnessed a significant uptick, escalating over 10% to set a new high for 2024 at $64,000 as of February 28, culminating in a 50% increase in value for the month. This surge is predominantly attributed to the market’s anticipation of the imminent halving event, historically associated with a bullish price trajectory. Bitcoin recently surged past $60,000 for the first time in two years. This milestone reflects a 13% weekly and a 37% monthly gain, as reported by CoinMarketCap. The previous occasion Bitcoin reached this level was before its significant drop in November 2021, culminating in…
[ad_1] In the wake of the government’s decision to restrict access to Binance’s original URL, binance.com, crypto enthusiasts in India may find themselves searching for alternative ways to reach the popular platform. Fear not, as there are viable options to access Binance even after the URL ban. Binance Alternatives: To continue using Binance services, users can now access the platform through alternative URLs, such as binance.me and binance.info. Despite the initial setback of the government-imposed URL ban, Binance has provided alternative domains to ensure uninterrupted access for its users. Step-by-Step Guide: Follow these simple steps to access Binance from India:…
[ad_1] Changpeng Zhao, the founder of Binance, pleaded guilty to violating criminal anti-money-laundering guidelines and agreed to a significant settlement with federal authorities. This action comes as a major setback for Binance, the world’s largest cryptocurrency exchange, leading to a $4.3 billion fine — one of the largest ever levied against a corporation. Zhao himself faces up to 18 months in prison for violating the Bank Secrecy Act, along with a $50 million fine and a three-year prohibition from working with the exchange. He also agreed to step down as the chief executive of Binance, to be replaced by Richard…
[ad_1] Apple did not immediately provide a response when approached for comment regarding the removal of cryptocurrency exchange apps from its App Store in India. Binance South Asia X handle pinned a tweet saying: The Regulatory Dialeimma In recent periods, a significant number of Indian traders have shifted towards utilizing global cryptocurrency platforms, seemingly as a means to avoid tax obligations. India introduced taxation on virtual currencies last year, imposing a 30% tax on profits and a 1% deduction on each crypto transaction. While several India-based crypto exchanges, such as CoinSwitch Kuber backed by a16z, CoinDCX backed by B Capital,…
[ad_1] Solana (SOL) represents a blockchain network created to support decentralized and scalable applications. Launched in 2017, it operates as an open-source project overseen by the Solana Foundation, headquartered in Geneva, with the technical development managed by Solana Labs based in San Francisco. Distinguishing itself from other blockchains like Ethereum, Solana boasts rapid transaction processing capabilities and notably lower transaction fees. Its native cryptocurrency, also named Solana (SOL), skyrocketed by nearly 12,000% in value during 2021, briefly reaching a market capitalization exceeding $75 billion, positioning it among the top cryptocurrencies at the time. However, despite its surge, SOL encountered the…
[ad_1] BONK, a memecoin centered around the Solana ecosystem, achieved a significant milestone in 2023 by recording the largest pump on Coinbase for the year. The anticipation and process leading up to a Coinbase listing are often more impactful than the listing itself. This was evident with BONK, which saw an astonishing 18,000% increase in its value during the period leading up to its inclusion in Coinbase’s listing roadmap. Initially valued at $20 million towards the end of October, BONK’s market value soared to nearly $900 million by mid-December. However, it faced a 40% correction around this time. The…
[ad_1] Dec 14, 2023 19:48 UTC | Updated: Dec 14, 2023 at 19:48 UTC By Raghav Sawhney The world of cryptocurrency and Web3, known for its unpredictable highs and lows, is now set to conquer another high—this time, on the open seas. Dubbed Sea Summit, this unique fusion of crypto-conference, Web3 Expo and Crypto cruise vacation has the community abuzz. But is it the groundbreaking venture it promises to be or a great networking crypto event? Book Your Tickets for Sea Summit Today : https://ticket.seasummit.com/ If you ever daydreamed about merging the adrenaline of cryptocurrency with the luxurious relaxation of a grand cruise…