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

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.

CBDCs such as China's digital yuan (e-CNY) are centralised by design and don't need a decentralised ledger, such as in the case of bitcoin

Nathaniel Chastain, a former employee of OpenSea, the world's biggest NFT marketplace, was charged with wire fraud and money laundering

Founded in 2013, Opn offers a digital payment system to merchants, enterprises, and financial institutions in Japan and Southeast Asia using blockchain

The Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.

ADDX uses blockchain and smart contract technology to tokenise and fractionalise pre-IPO equity, private equity and hedge funds, as well as bonds

The TerraUSD stablecoin crash has prompted some analysts to warn of a long ‘’crypto winter’’ of sustained price falls. Others say it's only a temporary setback

While the US accounts for more than a third of all bitcoin mining - as measured by power consumption - China has taken the second spot, with 21.11% of the total

China has been working on a service network that enables the deployment of blockchain technology for businesses, notably those operating cloud computing infrastructure, the report says

Binance had invested $3 million in TerraUSD's sister cryptocurrency, Luna, four years ago. Its value plunged from $1.6 billion before last week's crash to less than $3,000 today.