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The Latest Breaking News from Crypto

Morning Brief: Top Financial Stories Dominating on Tuesday, May 10

Reuters US Trucking Downturn Threatens Autonomous Operators like Uber Freight

Benzinga

Crypto industry wants govt to lower TDS on transactions

NEW DELHI: The crypto industry has urged the government to reduce the TDS on payments towards gains arising from trading in cryptocurrencies to 0.01 or 0.05 per cent, from the proposed 1 per cent, saying it will hurt retail traders.

The Times of India

Dogecoin Continues To Crash: Are We Seeing End Stages Of Bear Market?

Dogecoin (CRYPTO: DOGE) traded 6.3% lower at $0.11 over 24 hours leading up to early Tuesday morning. DOGE fell in tandem with other major coins as the global cryptocurrency market cap fell 5.3% to $1.45 trillion at press time.

Benzinga

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El Salvador spends $15 million on bitcoin to ‘buy the dip’

El Salvador has spent $15.4 million buying bitcoin as the price of the world’s biggest cryptocurrency drops.

Evening Standard

Buying Bitcoin Dip: Tron Founder Justin Sun Follows El Salvador's Nayib Bukele To Load Up 500 BTC

El Salvador's president Nayib Bukele decided to buy the Bitcoin (CRYPTO: BTC) dip and acquire 500 BTC, setting an example that was fo

Benzinga

Mark Cuban On Crypto Lull: We Don't Need DeFi And NFTs On Every Chain

Billionaire investor Mark Cuban took to Twitter to share his thoughts on the recent drawdown in crypto prices. What Happened: “Crypto is going through the lull that the internet went through,” he said in a tweet on Monday.

Benzinga

Crypto prices tank, taking some companies with them

The tumble shows what a market downdraft can do to speculative investments that don’t produce cash flows

Axios

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AMC CEO: Over 35% Of Online Payments Are Crypto And Digital

AMC Entertainment Holdings (NYSE: AMC) CEO Adam Aron revealed that over a third of the theatre chain’s online payments are comprised of cryptocurrency and digital avenues.

Benzinga

Dogecoin Creator Says This Will Make You Lose Faith In 'Crypto Bros'

Billy Markus, co-creator of Dogecoin (CRYPTO: DOGE), believes that the latest cryptocurrency catastrophe is reason enough to lose faith in “crypto bros.”

Benzinga

What Crypto Ban? Chinese Users Are Really Curious About The Terra (LUNA) Fiasco And Bitcoin Crash

Even though the Chinese Government has put a blanket ban on cryptocurrency trading in the country, the people in the country continue to take keen interest in the ups and downs of the crypto market.

Benzinga

Lehman Brothers Of Crypto? Community Reacts To Terra (LUNA) Downfall

Some members of the cryptocurrency community have equated the chaos unfolding within Terra’s (CRYPTO: LUNA) ecosystem to the Lehman Brothers collapse.

Benzinga

Bitcoin Falls Below $30,000, Lowest since July 2021

Bitcoin slumped below $30,000 for the first time since July 2021 on Tuesday as cryptocurrencies track sinking markets with investors spooked by aggressive US monetary tightening and surging inflation. The world's largest cryptocurrency by market value fell as low as $29,764 in Tuesday trade, before recovering above $30,000, extending a…

Asharq Al-Awsat

Over $1B Liquidated In Crypto Markets As Bitcoin Briefly Drops Below $30,000

More than $1 billion was liquidated from crypto markets as Bitcoin (CRYPTO: BTC) lost support at $30,000.

Benzinga

Dogecoin (DOGE) Knockoffs Crash Heavily — One Down 93%

Several Dogecoin (CRYPTO: DOGE)-inspired coins were seen crashing at press time leading up to Monday evening.

Benzinga

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Benzinga

Bitcoin, Ethereum, Dogecoin Crash Hard — Is This A 'Tremendous Opportunity' For Investors?

Bitcoin and Ethereum crashed more than 10% at press time amid a marketwide rout as the global cryptocurrency market cap dropped sharply by 11.3% to $1.4 trillion.

Benzinga

Why Baby Dogecoin Is Getting Hammered Alongside Bitcoin, Ethereum Today

Baby Dogecoin (CRYPTO: BABYDOGE) is trading sharply lower some by 15.6% at $0.000000001017 Wednesday evening. Shares of several popular altcoins are trading lower during Wednesday's session following a CoinDesk report suggesting Binance is

Benzinga

Why Ethereum Classic Is Nosediving Again Today

Shares of several popular altcoins, including Ethereum Classic (CRYPTO: ETC), are trading lower again Monday in sympathy with apex cryptocurrency Bitcoin (CRYPTO: BTC) and second-largest market cap crypto

Benzinga

Why Bitcoin SV Is Falling Today

Shares of several popular altcoins, including Bitcoin SV (CRYPTO: BSV), are trading lower in sympathy with apex cryptocurrency Bitcoin (CRYPTO: BTC) and second-largest market cap crypto, Ethereum (CRYPTO:

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Dublin Live

RTE Claire Byrne Live warns of sophisticated crypto fraud that scammed teacher of more than €50k

The victim began investing in Bitcoin last year through a website that seemed "above board"

Benzinga

Trading Crypto? Here's What You Need To Know For Tax Time

By Abigail Perry Crypto is still a relatively new investment opportunity, and there are still many unanswered questions about how it fits into our tax laws. Well, the bad news for crypto investors: it is taxable. Despite being a digital asset, the IRS considers cryptocurrency holdings 'property'. This means they…

Benzinga

Is Bitcoin On Its Way to $25,000? Brace Yourself For The Answer

After spending most of 2022 trading between about $48,000 and $33,000, Bitcoin (CRYPTO: BTC) on Monday took a decisively bearish posture, plunging to $30,500 in a drop of over 11% in 24 hours.

Benzinga

Why Bitcoin Cash And Ethereum Classic Are Diving Today

Shares of several popular altcoins, including Bitcoin Cash (CRYPTO: BCH) and Ethereum Classic (CRYPTO: ETC), are trading lower Monday in sympathy with apex cryptocurrency Bitcoin (CRYPTO:

Tribune News Service

Bitcoin’s Unraveling Tops 55% From Peak With Drop Below $30,000

Bitcoin extended losses, dropping below $30,000 for the first time since July 2021, putting its decline from a November record high to more than 55% amid a global flight from riskier investments.

Benzinga

Here's Why Bitcoin, Ethereum Look Ready To Bounce

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) were trading over 4% and 5%

Benzinga

Anonymous Bitcoin Whale Just Moved $183M Worth Of BTC Off Bitfinex

What happened: A Bitcoin (CRYPTO: BTC) whale just sent $183,206,783 worth of Bitcoin off Bitfinex. The BTC address associated with this transaction has been identified as: bc1qd4ysezhmypwty5dnw7c8nqy5h5nxg0xqsvaefd0qn5kq32vwnwqqgv4rzr.

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