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
Keith Johnson accused Musk, electric car company Tesla and SpaceX of racketeering by touting Dogecoin and driving up its price
While Coinbase is shrinking its global workforce by 18%, a company spokesperson told TechCrunch only 8% of India staff would be laid off
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
The Seoul Metropolitan Police Agency said it had launched an investigation into allegations about an employee of crypto billionaire Do Kwon's Terraform Labs
The eight largest stablecoins had an aggregated market capitalisation of $154 billion at May 30 and accounted for around 96% of the total market
The move underscores the growing acceptance of digital currencies among financial institutions as they seek a wider range of investors