Page 2 -
Equities, cryptos, metals: Most asset classes gave negative return in 2022
These negative returns have largely been triggered by panic selling by new investors who exited in droves in the backdrop of rising interest rates, inflation worries and the geopolitical tensions
 "Equities, cryptos, metals: Most asset classes gave negative return in 2022")
Crypto collapse intensifies as stablecoin Tether slides below dollar peg
The sell-off has taken the combined market value of all cryptocurrencies to $1.2 trillion, less than half of where it was last November, based on data from CoinMarketCap
 "Crypto collapse intensifies as stablecoin Tether slides below dollar peg")
No RBI directive that goes against Supreme Court ruling on cryptos
In a circular issued last May, RBI asked banks and other regulated entities to not cite its April 2018 circular that imposed restrictions in dealing with virtual currencies
 "No RBI directive that goes against Supreme Court ruling on cryptos")
Over $200 billion wiped off cryptocurrency market in a day: CoinMarketCap
Bitcoin plunged by as much as 10 per cent in the last day to its lowest level since December 2020, while Ethereum dropped as much as 16 per cent
Terra developers halt new transactions on stablecoin blockchain
The value of Luna fell close to zero on Thursday, while UST remained around 36 cents
 "Terra developers halt new transactions on stablecoin blockchain")
Terra Luna cryptocurrency collapses 98%, investors lose life savings
The dramatic crash of Terra (Luna), ranked among the top 10 most valuable cryptocurrencies, has wreaked havoc in the lives of investors who are feared they will become homeless after the crypto mayhem.
Crypto billionaires' vast fortunes destroyed in weeks amid global sell-off
Billionaire crypto fortunes that swelled over the last two years are disappearing after a selloff that began with tech stocks spilled over into digital money
Bitcoin falls to lowest in 16 months by $26,970, giving up 2021 gains
The world's largest cryptocurrency dropped as low as $26,970, to stand at its lowest since Dec. 28, 2020. In the last eight sessions, it has lost a third of its value, or $13,000
 "Bitcoin falls to lowest in 16 months by $26,970, giving up 2021 gains")
Dollar hovers near two-decade high of 103.92 as US inflation moderates
The consumer price index climbed 8.3% on an annual basis in April, easing from 8.5% in March but outstripping the 8.1% estimate of economists
 "Dollar hovers near two-decade high of 103.92 as US inflation moderates")
Coinbase admits RBI's use of informal pressure prompted halting of trade
The comments by Coinbase's Armstrong bring forth the challenges that the crypto industry is facing
 "Coinbase admits RBI's use of informal pressure prompted halting of trade")
'Informal pressure' from RBI forced us to halt UPI payments: Coinbase CEO
The US-based and Nasdaq-listed crypto exchange had halted payments via unified payments interface mode on its app in India last month
 "'Informal pressure' from RBI forced us to halt UPI payments: Coinbase CEO")
Top headlines: SBI to raise up to $2 bn in FY23; Asian Paints Q4 net slips
Business Standard brings you the top headlines on Tuesday
 "Top headlines: SBI to raise up to $2 bn in FY23; Asian Paints Q4 net slips")
Mayhem in crypto market as Bitcoin dips below $30,000-mark, investors panic
The overall global cryptocurrency market dropped 13 per cent, and was hovering around $1.37 trillion market cap, which is its lowest this year
Bitcoin falls to 22-month low of $31,763 as stock markets tumble
Bitcoin dropped to as low as $32,763.16 shortly before 1100 GMT, in its fifth consecutive session of falling.
 "Bitcoin falls to 22-month low of $31,763 as stock markets tumble")
Bitcoin value drops by 50% since Nov peak; Ethereum falls 10% in a week
The slide in the value of digital assets comes as stock markets around the world also dropped in recent days
Chinese yuan down 567 pips to 6.68 against US dollar amid economic slowdown
Amid the COVID-19 induced slowdown, the Chinese economy faces twin challenges of the shrinking job market and an aging population, according to a report
 "Chinese yuan down 567 pips to 6.68 against US dollar amid economic slowdown")
High taxes on crypto will disincentivise compliance
Taxes are best-placed to meet their objective if they incentivise compliance
 "High taxes on crypto will disincentivise compliance")
Cryptocurrencies in free fall after biggest Fed rate hike in two decades
On Sunday, Bitcoin was hovering around $34,400 and ethereum, which is the second largest cryptocurrency, plunged 4.8 per cent to $2,545.
 "Cryptocurrencies in free fall after biggest Fed rate hike in two decades")
FM Sitharaman flags anonymity as 'inherent risk' in use of blockchain
Finance Minister Nirmala Sitharaman flagged anonymity as an "inherent risk" in blockchain technology and called for taking precaution in future with a rise in the use of this technology
 "FM Sitharaman flags anonymity as 'inherent risk' in use of blockchain")
US chipmaker Nvidia fined $5.5 mn over crypto mining disclosures in US
US SEC's order claims Nvidia misled investors by reporting a huge boost in revenue related to "gaming", hiding how much its success relied on the far more volatile crypto market, reports The Verge
 "US chipmaker Nvidia fined $5.5 mn over crypto mining disclosures in US")
