Key takeaways With more than 100 million crypto users, India still lacks a comprehensive virtual digital asset (VDA) law. Existing rules address taxation and AML obligations, but they do not fully cover consumer protection or broader market conduct. Issues under discussion include the absence of unified investor-protection rules, unregulated trading practices and concerns that India’s…
Read more
Financial stability experts at the European Central Bank (ECB) said stablecoin-related risks in the euro area are limited due to low adoption and preventative regulation. The ECB on Monday published its financial stability review pre-release, devoting it to the growing market of stablecoins, which are digital assets pegged to the value of fiat currencies or…
Read more
Bitcoin investor Strategy is facing a rough stretch this year, prompting speculation that its high-conviction Bitcoin play is coming undone. A look beyond the one-year chart tells a different story. Google Finance data shows that Strategy (MSTR) stock is down almost 60% over the last year, and has declined by over 40% year-to-date (YTD). The…
Read more
Bitkub, Thailand’s biggest cryptocurrency exchange, is considering an initial public offering (IPO) abroad amid a downturn in the local stock market. Bitkub is planning to raise $200 million as part of a potential IPO in Hong Kong, Bloomberg reported on Monday, citing unidentified sources familiar with the matter. Founded in 2018, Bitkub trades about $66…
Read more
Bitcoin (BTC) heads into the November monthly close hanging by a thread below $90,000. Bitcoin traders hope for a modest recovery and even a return above the $100,000 mark after a brutal sell-off. BTC price action still has to contend with the aftermath of its latest “death cross” on daily timeframes. New data suggests that…
Read more
Crypto market analysts are confident that Bitcoin’s recovery could continue as the cryptocurrency has begun to move higher since its bottom at just above $82,000 on Friday. Tech stocks and crypto markets dumped over the past two weeks “because of the market flip-flopping on expectations for a rate cut,” Capriole Fund founder Charles Edwards posted…
Read more
Bitcoin open interest has dropped off as the cryptocurrency’s price has slid over the past month, which an analyst argues could see Bitcoin hit a bottom and spark a “renewed bullish trend.” Open interest in terms of Bitcoin (BTC) has seen its “sharpest 30-day drop of the cycle” at around 1.3 million BTC, currently worth…
Read more
Crypto tokens are becoming increasingly efficient at capturing value, thanks in part to new regulations and upgrades, which could send prices surging in 2026, according to Bitwise chief investment officer Matt Hougan. Hougan said in an X post on Saturday that in the chaos of the current market pullback, big news is getting lost, such…
Read more
Bitcoin’s encryption and privacy could be at risk from quantum computing, but it is still a good investment for now, says Jan van Eck, CEO of investment manager VanEck. “There is something else going on within the Bitcoin community that non-crypto people need to know about,” van Eck told CNBC on Saturday. “The Bitcoin community…
Read more
The key drivers of Bitcoin’s rally to a peak in October are now what’s causing its price to drop to multimonth lows, with crypto treasury reversals and crypto fund outflows suggesting “actual capital flight” rather than purely negative sentiment, says NYDIG. NYDIG head of research Greg Cipolaro said in a note on Friday that exchange-traded…
Read more