The crypto lender said it carried out an emergency assessment of its business operations to determine the company's liquidity status.

The tax will be levied on the difference between the cost of the acquisition of the asset and the transfer price to the employee, the report said

The crypto sector was fearful on Monday as investors worried that contagion from problems linked to several large crypto players may lead to a major shakeout if not contained.

CBDCs such as China's digital yuan (e-CNY) are centralised by design and don't need a decentralised ledger, such as in the case of bitcoin

The biggest cryptocurrency is down about 32% over the past month and almost 60% this year

Keith Johnson accused Musk, electric car company Tesla and SpaceX of racketeering by touting Dogecoin and driving up its price

The world's largest cryptocurrency was trading at $22,338.49 on Thursday in Asia, according to Coinbase, after falling to $20,079.72, its lowest level since December 2020

While Coinbase is shrinking its global workforce by 18%, a company spokesperson told TechCrunch only 8% of India staff would be laid off

Falling values could turn into a vicious downward selling spiral as buyers willing to provide price support evaporate.

Shock US data on Friday showed inflation at a 40-year high of 8.6%, intensifying volatility across asset classes as investors worry about potentially faster interest-rate increases.  

Affluent investors in Asia allocate an average of 7% of their portfolio to digital assets — more than foreign exchange, commodities or collectibles, the Accenture report said

Eddy Chan, founding partner at Intudo, told Decrypt he is bullish on Pintu and Indonesia’s crypto economy despite the global market downturn