The deflating bubble in digital assets has exposed a fragile system of credit and leverage in crypto akin to the credit crisis that enveloped the traditional finance sector in 2008. Since its inception, crypto enthusiasts have promised a future of vast personal fortunes and the foundations for a new and...
How’s Sri Lankan crisis impacting Indian businesses? What’s next for cryptos in India after TDS clarity? Will rising interest rates affect HFCs? How is the President of India elected? Answers here Topics India-Sri Lanka | cryptocurrency | Housing Finance Cos Team TMS | New Delhi Last Updated at June 24,...
The crypto market has entered a bearish phase as prices of major cryptocurrencies have fallen to a four-year low. The current downturn in the crypto market has driven several crypto firms to go out of business, while many have made severe job cuts to remain afloat. The crypto market crisis...
* More people in crisis-hit places are adopting crypto * Charities use crypto to deliver aid fast * Volatility in market can benefit charities By Rina Chandran and Avi Asher -Schapiro BANGKOK/LOS ANGELES, June 23 (Thomson Reuters Foundation) – W hen the Taliban seized power in August, the online marketplace...
After one week of pausing user withdrawals, swaps and transfers, the firm said it was maintaining an open dialogue with regulators and officials and plans to continue working with them regarding this pause. Celsius has yet to comment on when the company is going to stabilize its operations. Celsius has...
Twenty years ago, the IMF released its inaugural Global Financial Stability Report to strengthen surveillance of financial markets after a series of crises in emerging market economies and the dot-com bust. This semiannual publication by the Monetary and Capital Markets Department has since evolved through years of seismic shifts in the global economic and...
Bitcoin, the bellwether for the sector, traded close to $US70,000 last year. It traded below $US18,000 at the weekend before recovering, modestly, to just over $US20,000 this week. This isn’t the first time that the crypto world has faced what appears almost an existential crisis. There was a period of...
It has been described as the week when the financial world shifted—the business channel CNBC described it as a “new reality”—when it became apparent global central banks were intent on lifting interest rates, come what may. An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong, Thursday,...
El Salvador’s big bet on bitcoin, which the Central American nation has been buying since September, has soured in recent weeks as a cryptocurrency rout shaved over a third of the value of the government’s holdings, Reuters calculations show. Under populist President Nayib Bukele, a vocal cheerleader for the currency,...
It was one of the most dramatic weeks in the short history of the cryptocurrency market, bookended by the type of announcements investors fear the most from a counterparty: We’re sorry, but we just can’t return your money right now. In between, a nascent technocratic industry with grand ambitions to...
