Global Crypto Market

Top Cryptocurrency News on June 06: Coinbase freezes hiring, Indian investors in Terra lose big, and more – Moneycontrol




My Account
Follow us on:
Powered By Finity
Discover 5000+ schemes. Track your portfolio 24X7
Invest Now
MC30 is a curated basket of 30 investment-worthy
mutual Fund (MF) schemes.
Invest Now
Powered By Wazirx
The new age digital currency to diversify a portfolio.
Invest Now
Visit this section to access live price and charts.
Invest Now
Learn and stay informed about cryptocurrency in India.
Learn More
Powered By
Learn, discover & invest in smallcases across different types to build your long term portfolio.
Invest Now
Explore from India`s leading investment managers and advisors curating their strategies as smallcases.
Invest Now
Powered By stockal
Diversify your portfolio by investing in Global brands.
Invest Now
Pre-configured baskets of stocks & ETFs that you can invest
in with a single click. Developed by hedge funds, global
asset management companies, experienced wealth
management firms and portfolio managers.
Invest Now
Gamechangers
AMBAREESH BALIGA
Fundamental, Stock Ideas, Multibaggers & Insights
Subscribe
CK NARAYAN
Stock & Index F&O Trading Calls & Market Analysis
Subscribe
SUDARSHAN SUKHANI
Technical Call, Trading Calls & Insights
Subscribe
T GNANASEKAR
Commodity Trading Calls & Market Analysis
Subscribe
MECKLAI FINANCIALS
Currency Derivatives Trading Calls & Insights
Subscribe
SHUBHAM AGARWAL
Options Trading Advice and Market Analysis
Subscribe
MARKET SMITH INDIA
Model portfolios, Investment Ideas, Guru Screens and Much More
Subscribe
TraderSmith
Proprietary system driven Rule Based Trading calls
Subscribe
Moneycontrol  PRO
Moneycontrol  PRO
Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas
Subscribe
Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas
Explore
STOCK REPORTS BY THOMSON REUTERS
Details stock report and investment recommendation
Subscribe
POWER YOUR TRADE
Technical and Commodity Calls
Subscribe
INVESTMENT WATCH
Set price, volume and news alerts
Subscribe
Last Updated : June 06, 2022 / 08:50 AM IST
Top Cryptocurrency News on June 06: Coinbase freezes hiring, Indian investors in Terra lose big, and more
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day

Market Buzz
Bitcoin trading above Rs 25 lakh

Cryptocurrencies traded in the green early today on June 06. The global crypto market cap is $1.27 trillion, a 3.47 percent increase over the last day. The total crypto market volume over the last 24 hours is $50.20 billion, which makes a 14.62 percent increase. The total volume in DeFi is currently $4.70 billion, 9.35 percent of the total crypto market 24-hour volume. The volume of all stable coins is now $42.26 billion, which is 84.18 percent of the total crypto market 24-hour volume. Bitcoin’s price is currently Rs 25.20 with a dominance of 46.40 percent. This is a 0.18 percent increase over the last day. Read full here

Big Story
Coinbase job offer cancellations: Candidates left in lurch say ‘scrambling to get something’

Coinbase announced earlier this week that it will pause hiring and cancel several job offers. The cryptocurrency company said it might be put to test by volatility and larger economic factors. Coinbase’s decision has left hopeful candidates in limbo. One of them, a college graduate, told CoinDesk that they were set to start their job in September. The candidate had passed on three job offers to come work for Coinbase — considered a stable cryptocurrency company. Another person was about to quit his Wall Street job for Coinbase but, fortunately, came to know about the development in time. Read details here

Invest
Terra investors in India lost big. Now they face the taxman

Terra investors around the world lost billions of dollars when the algorithmic-stablecoin project crashed but they recovered a small part of their bets when a new token was distributed as compensation. Investors in India aren’t as fortunate. Because the country’s tax system is punitive to crypto investing, TerraUSD and Luna token holders who got the new coin — known as Luna 2.0 — in a so-called airdrop face a double whammy. They could be taxed as much as 30 percent of the value of tokens received and they won’t be able to offset any gains in the new token against losses from the previous one, tax experts said. There were over 160,000 investors that held Luna on the exchange on May 9 and by May 15 the number grew by 77 percent in India, according to Rajagopal Menon, vice president at Binance-owned WazirX. Take a look

Explore The Tech Check For ESG Compliance
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited.
Copyright © e-Eighteen.com Ltd All rights resderved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited.

source


Leave a Comment

Your email address will not be published.