Cryptocurrencies related to DeFi projects have fallen more than Bitcoin and Ethereum during the recent market downturn. Decentralized finance (DeFi) tokens seem to be taking heavy price hits as widespread correction in crypto markets continues today. According to CoinGecko, top DeFi projects, including Aave, Uniswap, Chainlink, and Terra, have lost 20% and more of each…

According to the Economic Times, the Indian government is planning to compartmentalize virtual currencies and their tax treatment based on their use cases —payments, investment, or utility. Although the Reserve Bank of India (RBI) has not granted legal tender status to Bitcoin and other cryptocurrencies, it is eager to charge tax on cryptocurrency investment gains….

On Sept. 8, Ukrainian lawmakers voted for the bill legalizing and regulating cryptocurrency and other virtual assets in the country. Before, cryptocurrencies have been neither legal nor forbidden in Ukraine because there were no laws that defined their status. Ukrainians could buy and exchange virtual currencies, but local courts couldn’t protect them if something went…

Both cryptocurrencies in general, and Bitcoin in particular, have no shortage of critics, sometimes even outright haters. The crypto community has long come to terms with this. However, when people like Nassim Taleb criticize crypto, one really wants to understand their arguments. Lebanese-born Nassim Taleb is one of the most remarkable personalities of our time….

Bitcoin, the world’s biggest cryptocurrency, fell on Tuesday more than 17% to $43,000 before paring some losses to trade down 9.2% at $47,140. Smaller rival Ethereum coin plunged 12 %. Shares of major cryptocurrency exchanges also fell as crypto stocks were hit by trading platform outages. Although Bitcoin is the largest cryptocurrency in the world…

On Tuesday, El Salvador became the first country to adopt Bitcoin as legal tender, although this radical monetary experiment could pose risks to the emerging economy. On the first day, it already suffered teething problems when the government had to unplug a digital wallet to cope with demand. September 7, 2021, will be forever etched…

Visa, the multinational payment giant, has announced it is planning to bring cryptocurrency services to traditional banking platforms in Brazil. The company also revealed that it is working with several crypto companies in the country to bring cryptocurrency payment cards to the market, hinting at a possible direct integration of Bitcoin in payments. In a…

From 68,110 to 92,855 of lost Bitcoin, or up to $4.8 billion worth of crypto, could be recovered and returned to their owners, according to an analysis by Chris and Charlie Brooks, a father and son who run Crypto Asset Recovery. Chris and Charlie Brooks operate in New Hampshire, US, in the firm, specializing in…

Senator Elizabeth Warren, one of the most vocal cryptocurrency skeptics in the US government, has called the cryptocurrency industry the “new shadow bank” and said that it’s “worth considering” banning US banks from holding the reserves to back private stablecoins. On Sunday, Warren told the New York Times that the cryptocurrency industry offers “many of…

Charles Randell, chair of the FCA and Payments Systems Regulator, warned in a new piece written for the Cambridge International Symposium on Economic Crime that over-extending the reach of regulators could backfire in the case of some cryptocurrency tokens. The chair of the United Kingdom’s Financial Conduct Authority (FCA) said that there is currently a…