The sudden plunge in crypto values, which started in May amid a broader economic slowdown, complicates Pyongyang's ability to fund its weapons programmes

Energy consumption on the bitcoin blockchain network has declined by up to 35% amid a meltdown in the value of the cryptocurrency, Mint reported, citing trackers of crypto energy usage

Moody's placed its ratings on review for further downgrades, saying Thursday's move "reflects Coinbase’s substantially weaker revenue and cashflow generation"

Coinflex chief executive Mark Lamb blamed "extreme market conditions" for the move. The Seychelles-based company said it was prompted by "continued uncertainty involving a counterparty"

Tether briefly dropped to $0.993 although it quickly regained parity with the dollar. But investors continue to pull money out of stablecoins and several have lost their pegs to underlying assets.

The Bank for International Settlements said recent turmoil in the cryptocurrency universe is a reminder of crypto's financial vulnerabilities and "deeper structural inadequacies".

Prosecutors in South Korea have imposed a travel embargo on the TerraUSD developers to stop them leaving the country while inquiries are conducted into the huge crypto collapse last month

The use of high-yield leveraged products worsened the rout in the $247 billion decentralised finance industry over the weekend, Binance chief Changpeng Zhao said

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.

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