The world's largest cryptocurrency was trading at $22,338.49 on Thursday in Asia, according to Coinbase, after falling to $20,079.72, its lowest level since December 2020

While Coinbase is shrinking its global workforce by 18%, a company spokesperson told TechCrunch only 8% of India staff would be laid off

Falling values could turn into a vicious downward selling spiral as buyers willing to provide price support evaporate.

Shock US data on Friday showed inflation at a 40-year high of 8.6%, intensifying volatility across asset classes as investors worry about potentially faster interest-rate increases.  

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 bill marks one of the most ambitious efforts yet by US lawmakers to supervise rapidly growing and controversial crypto markets

The move underscores the growing acceptance of digital currencies among financial institutions as they seek a wider range of investors

China may have to strengthen already stringent cryptocurrency rules following the TerraUSD stablecoin collapse, the report said

The Commodity Futures Trading Commission seeks "disgorgement of ill-gotten gains", civil monetary penalties and an injunction against further violations of the Commodity Exchange Act