Bitcoin Surges Amid EU’s MiCA Law Rollout; Altcoins Also See Profits Due to Market Optimism
Bitcoin on Monday, July 1 showed price hikes on foreign as well as local exchanges. As per CoinMarketCap, the most expensive crypto asset grew by 4.26 percent over the last day to trade at the price point of $63,373 (roughly…
Hong Kong to Explore Legislations Around Crypto, Sets Up Dedicated Subcommittee
Cryptocurrencies have made their mark on the fintech sector in several nations but have met with regulatory challenges because of the associated risks and volatile nature of the crypto market. Hong Kong is the latest to join the list of…
eRupee Sees Drop in Activity as Banks Pull Back on Promotion Efforts: Report
India’s eRupee CBDC, that is presently in its advanced trial period, is reportedly facing decline in terms of its usage. Citing sources familiar with the matter, a Reuters report has claimed that CBDC transactions that had hit the mark of…
Delta Exchange Launches in India, Brings Options Trading for Crypto Assests
Delta, a crypto exchange with global headquarters in Kingstown, Saint Vincent, announced the launch of its India subsidiary on Thursday, June 27. The move comes at a time when the Indian government seems to be warming up to cryptocurrencies as…
Crypto Price Today: Bitcoin, Ether Prices Fluctuate as Biden vs Trump Debate Skips Mention of Crypto, Analyst Says
Bitcoin opened with a minor price loss on Friday, and the world’s most widely used crypto asset is presently trading at $61,637 (roughly Rs. 51.4 lakh) on international exchanges like CoinMarketCap, after incurring a loss of 0.23 percent. On national…
Bolivia Reverses Bitcoin Ban, Legalises Crypto Transactions for Banks
The central bank of Bolivia has decided to lift a ban on payments using Bitcoin and other cryptocurrencies imposed in 2014. The country is aiming to balance its economy, while modernising its payment systems. Bolivia has become the latest Latin…
RBI Releases Financial Stability Report With Mention of DeFi, US Efforts to Regulate Crypto Sector
The Reserve Bank of India (RBI) has published its latest Financial Stability Report (FSR) that outlines important events that have recently taken place in the national and international banking and fintech sector. The domain of decentralised finance (DeFi) earned a…
Binance Tightens Oversight of Its Services, Offers Rewards for Reporting Misuse
Binance has decided to add more layers of security over the management of accounts on its platform. The exchange’s decision comes after internal analyses showed that some of its features and services were being exploited to fetch unfair advantages, such…
Elon Musk Deepfake Videos Targeting Crypto Investors Displayed on Channel Seven Following YouTube Hack
Elon Musk has previously expressed support for cryptocurrencies publicly, but the billionaire was recently impersonated by cybercriminals who hacked an Australian broadcaster in an attempt to target gullible investors. Over the last few years, Musk has shaken up the crypto…
Binance-Backed CoralApp Set to Launch Flagship Smartphone Powered by AI, Web3
CoralApp, an AI-focussed project backed by Binance, is gearing up to enter the hypercompetitive smartphone market in the coming days. The company has conceptualised a smartphone, dubbed the Coral Phone, packed with Web3 and AI capabilities. While the device will…
Crypto Price Today: Bitcoin and Ether Stable Amidst Volatility, Most Altcoins Hit by Downturn
The cryptocurrency market is displaying volatility across most cryptocurrencies on Wednesday, June 26. Bitcoin recorded a minor drop of 0.29 percent that dragged down its price from $63,200 (roughly Rs. 52.8 lakh) to the mark of $61,752 (roughly Rs. 51.5…
Louisiana Joins Growing List of US States that Support Crypto Mining
Louisiana has become the latest US state to support cryptocurrency mining, as more regions in the country are warming up to digital assets. A newly signed bill is expected to protect the rights of crypto mining individuals and businesses, who…
CoinDCX App Gets New ‘Web3 Mode’, Users to Get Access to Over 50,000 DEX Tokens
CoinDCX crypto exchange announced Tuesday, June 25, that it was launching a new Web3 mode within its existing app. Through this new service, the exchange will expose users to over 50,000 decentralised tokens that have not yet been listed on…
Telegram-Backed TON Blockchain Under Threat of Phishing Attacks, Experts Warn
The Web3 sector is generally considered to have a high exposure to cyber-attacks and hacks, but Telegram-backed The Open Network (TON) blockchain has particularly found itself in trouble. As per blockchain security firm SlowMist, the TON blockchain faces a high…
CoinStats Hit With Security Breach, Over 1,500 Linked Crypto Wallets Compromised
The CoinStats crypto portfolio app has decided to temporary pause all user activity after it become the latest victim of a security breach over the weekend. Cyber criminals behind the hack lured CoinStats users to click malicious links, falsely promising…
Binance Co-Founder Calls Out Elon Musk to Curb Spread of Crypto-Related Fake News on X
Crypto scammers seem to be on an expansion drive now that the digital assets sector is logging growth in several regions around the world. Yi He, the co-founder of Binance called out Elon Musk over the weekend to take measures…
Dogecoin Developer Issues Important Warning to Investors as Market Turns Volatile
The crypto sector, after seeing a massive upswing in March this year, has found itself rather stagnated for over a month now. In light of the current volatile market conditions, one of Dogecoin’s developers who goes by the name of…
Giottus Exchange Lists 43 New Cryptocurrencies in India, Pumps Total Token Count to 300
Giottus, a crypto exchange based in India, has bumped up the number of cryptocurrencies listed on its platform for trading. Cryptocurrencies related to decentralised finance (DeFi) protocols, real world assets (RWA), Artificial Intelligence (AI), and memecoins have made it to…
Reducing 1 Percent TDS on Crypto Transactions Can Fetch Over Rs. 5,000 Crore for India by 2027: Report
Ahead of India’s final budget announcement for FY2024-2025, a policy paper has outlined the reasons why the government should consider revising the crypto tax laws in the country. The report has collectively been compiled by the Centre for Tax Laws,…
Binance Fined $2.25 Million in India for Breaching Anti-Money Laundering Regulations, Exchange Vouches Cooperation
India’s Financial Intelligence Unit (FIU) has imposed a fine of $2.25 million (roughly Rs. 18.8 crore) on Binance. The financial watchdog announced the development on Thursday, June 20. India has claimed that the crypto exchange, touted as the largest in…
Meta Restructures Reality Labs Team, Forms Two Separate Divisions for Metaverse, Wearables: Report
Meta is attempting to enhance and streamline its operations in the Web3 and wearables markets. The company has reportedly divided its Reality Labs team into two separate entities where one team will work on the metaverse-focussed Quest headsets and the…
Kenya Halts Worldcoin Investigation, Mandates Legal Registration for Sam Altman
Sam Altman’s controversial Worldcoin project is no longer under investigation in Kenya. An official notice issued by the Directorate of Criminal Investigations (DCI) in Kenya has claimed that an array of allegations related to Worldcoin’s user data collection were ‘expeditiously…
Bitcoin Price Drops as Exchange Reserves Hit Three-Year Low; Ether Value Rises Alongside Some Altcoins
Bitcoin price fell by 1.22 percent over the last 24 hours, while the values of several other cryptocurrencies also took a hit on Thursday. As a result, the price of Bitcoin has dropped to $65,255 (roughly Rs. 54.4 lakh) on…
Iran to Launch its Digital Rial CBDC into Public Pilot Phase
Central Bank Digital Currencies, or CBDCs, are picking up the pace in several nations around the world, and Iran is one of them. In the coming days, the country will gradually be deploying its ‘digital rial’ virtual currency into a…
Crypto Price India: Bitcoin Climbs to $65,000, Most Cryptocurrencies Log Small but Notable Profits
The crypto market seems to be on upswing price-wise, with majority cryptocurrencies reflecting profits on Wednesday, June 19. Bitcoin recorded a small gain of 0.35 percent to trade at the price point of $65,573 (roughly Rs. 54.6 lakh), as per…
Coinbase Launches Initiative to Support Emerging Crypto Projects and Boost User Growth
The crypto industry, currently valued at $2.36 trillion, is attracting entrepreneurs eager to experiment, especially with the emergence of Web3. Coinbase International has decided to step up as a foster for up-and-coming Web3 projects. The exchange, counted among the largest…
Crypto Exchanges in South Korea Said to Re-Examine Over 600 Tokens Listed for Trade
The crypto exchanges operating in South Korea are said to be gearing up for an internal audit. As part of this process, over 600 cryptocurrencies will reportedly be re-examined to see whether they meet the regulatory standards laid out by…
Crypto Tax Evaders in Malaysia See Clampdown, Get Warning From Authorities
The authorities in Malaysia are said to be cracking down on crypto tax evaders. As part of a special investigation codenamed ‘Ops Token’, officials from the Malaysian federal agency Inland Revenue Board (IRB) reportedly conducted raids at multiple locations having…
Crypto Price Today: Bitcoin, Ether Prices Hold Steady as Altcoins Display Mixed Trends
The crypto market maintained its lacklustre trajectory for the third week of June with cryptocurrencies showing mixed prices stepping into the next week. Bitcoin on Monday, June 17 recorded a minor gain of 0.32 percent as per CoinMarketCap. With this,…
Solana Bond Blockchain Customer Loyalty Platform Unveiled by Solana Labs
Solana Labs has unveiled a blockchain-powered verification platform for brands that offer loyalty programmes. The company behind the popular Solana blockchain has launched ‘Bond’, which is a customer engagement platform that is claimed to be helpful to companies that wish…
‘Provide a Level Playing Field for Web3 Businesses’: BWA to FM Nirmala Sitharaman
India’s independent Web3 advisory body, the Bharat Web3 Association (BWA), has prepared a message for Nirmala Sitharaman, who returned as the nation’s finance minister for a second term this month. In its message shared with Gadgets360, the BWA said India…
Most Fortune 500 Firms Testing Web3, Blockchain Technology, Suggests Coinbase Report
The crypto sector, which is currently valued at around $2.46 trillion, is beginning to garner interest from profitable institutional investors. In its latest report titled ‘The State of Crypto’, Coinbase states that 56 percent of the Fortune 500 companies are…
Binance Trains Macau Police in Web3-Related Offenses Amid Rising Cases
Binance, one of the largest crypto exchanges in the world, recently sent over a team of officials to meet with law enforcement officers in Macau. The aim of this meeting was to train officers in understanding loopholes in Web3 technologies…
Bitcoin Price Remains Above $68,000 Mark, Prices of Most Altcoins Rise After US Fed Holds Key Rates Steady
Bitcoin has been trading sideways for days, with the value of the popular cryptocurrency remaining under the $70,000 (roughly Rs. 58.4 lakh) mark. On Thursday, the value of the world’s most widely used digital asset grew by 0.66 percent. On…
Brazil’s Largest Bank Opens Crypto Trading for Over 60 Million of Its Users
Itau Unibanco, touted as the largest bank in Brazil, has decided to open crypto trading services for its massive userbase of over 60 million. This step from Itau Unibanco comes after the bank tried offering this functionality to a small…
Crypto Romance Scams Rise in the US, FTC Issues Warning: Details
The United States Federal Trade Commission (FTC) has identified a rise in romance scams targeting the crypto community in the US. The FTC has clearly asked people to cut off from online love interests who may be discussing investment ideas,…
Crypto Price Today: Bitcoin Trading at $63,000, Most Altcoins Remain Shrouded by Losses
Bitcoin on Monday, April 29 stepped into the trading rink at the price point of $63,192 (roughly Rs. 52.6 lakh) after recording a loss of 0.57 percent in India. On international exchanges such as Binance, Bitcoin is trading at an…
Crypto Price Today: Bitcoin Trading Above $60,000, Losses Strike Ether, Shiba Inu
The cryptocurrency sector did not undergo any major change over the weekend. Bitcoin on Monday, May 6 found itself trading at $59,615 (roughly Rs. 49.7 lakh) in India, after managing to mint a negligible gain of 0.46 percent. In the…
US Ether ETF Launch Timing Depends on How Fast Issuers Can Move, SEC Chair Says
The timing for when exchange-traded funds (ETFs) tied to the cryptocurrency ether can begin trading depends largely on how quickly issuers respond to the U.S. Securities and Exchange Commission’s queries, Chair Gary Gensler said on Wednesday. The SEC last month…
Crypto Startups Turbocharge Valuations as Investment Picks Up
Crypto startups are putting valuations in the fast lane with an aggressive form of fundraising that reflects the digital-asset industry’s recovery as well as a desire among venture funds to put money to work. This approach involves an open-ended, rolling…
RBI Governor Says Permanent Deletion of Transactions Would Make CBDCs Like Cash Notes
India’s trials of its eRupee digital currency are already in its advanced phases, paving way for its widespread adoption and use in the coming months. In a fresh development, RBI governor Shaktikanta Das disclosed some more intricacies about the eRupee…
Crypto Price Today: Bitcoin Shows Sign of Price Recovery, Altcoins Show Mixed Movement
Bitcoin on Monday, May 20 showed up on the profit-making side of the crypto market reflecting an increase of 1.11 percent. While this profit seems small for now, BTC did manage to rise in value on both, national as well…
Crypto-Backed Investment Products Made Over $930 Million Last Week: CoinShares Data
The past few months have brought in price spikes for majority cryptocurrencies, bringing back investors’ interest into the sector. In its recent data, CoinShares showed that investment products backed by digital assets like NFTs and cryptocurrencies managed to garner $932…
Crypto Price Today: Bitcoin, Ether See Profits, Dogecoin Hit With Losses Alongside Shiba Inu, Solana
Bitcoin on Monday, May 27 saw a minor gain of around one percent. At the time of writing BTC was trading at the price point of $72,034 (roughly Rs. 59.8 lakh) on Indian exchanges like WazirX. Internationally however, Bitcoin is…
Meta, Ripple, Kraken Join Coinbase’s ‘Tech Against Scam’ Awareness Initiative: Details
Coinbase, one of the largest crypto exchanges in the world, has decided to launch an educational and awareness initiative for technology users from around the world. Named ‘Tech Against Scam’, this initiative aims to inform the tech community about ways…
Worldcoin Project Teases Arrival of More Orbs Days After Hong Kong Blocks Sam Altman’s Controversial Project
The Worldcoin project, led by OpenAI’s Sam Altman, has announced that it will introduce more Orbs for verifications soon. The announcement comes days after the project was barred from operating in Hong Kong. Despite the threat of being banned in…
Crypto Price Today: Bitcoin Hovers Over $62,000, Solana Joins Ether, Tether in Losses
The overall crypto chart showed the market trading rather flat today. Bitcoin on Wednesday, May 29 reflected a small gain of 1.28 percent. With this, Bitcoin is currently trading at $68,768 (roughly Rs. 57.2 lakh) on foreign exchanges like CoinMarketCap….
Coinbase, Kraken Join New Industry Group to Combat Cyber Threats Over Web3
The crypto sector, despite having seen notable expansion in several parts of the world, is still struggling to safeguard its community against cybercrimes. Coinbase and Kraken are among popular crypto firms that have joined a newly formed industry group that…
Crypto Price Today: Bitcoin Logs Minor Gains as Prices of Most Altcoins Tumble Amid Market Volatility
Bitcoin price on Friday rose by 0.69 percent, bringing the value of the world’s most widely used cryptocurrency to $68,600 (roughly Rs. 57 lakh) on international exchanges like CoinMarketCap. On national exchanges like WazirX and CoinDCX, the digital asset is…
Jack Dorsey-Backed Bitcoin Miner ‘Ocean’ Moves Headquarters to El Salvador
Ocean Mining, a Bitcoin mining pool backed by Block head Jack Dorsey, has established its global headquarters in El Salvador. The country’s pro-crypto policies are what attracted this crypto mining pool to move there. Crypto mining operations are known to…
RBI Data Shows CBDC Wholesale Circulation Dropped, Retail Usage Sees Massive Jump: Report
The Reserve Bank of Indi’s (RBI) eRupee or central bank digital currency (CBDC) is currently in an advanced trial phase with multiple national banks assisting the RBI in rolling out the digital currency. The usage of eRupee in the retail…
Mastercard Introduces New Initiative to Simplify Crypto Transactions and Curb User Errors
Mastercard is exploring ways to simplify crypto transactions, which could lead to the mass adoption of these digital assets for day-to-day businesses. The US-based cards payments giant has introduced a new initiative to assess the use of its Crypto Credential…
Metaverse in Healthcare Market Size to Touch 71.6 Billion by 2030 Amid Increasing Adoption, Awareness: Report
Metaverse technology has seen increasing adoption across multiple industries over the past few years. A report by research firm InsightAce Analytica has detailed the impact that metaverse technology is projected to have on the global healthcare sector. One of the…
Hong Kong SFC to Audit Compliance of Crypto Firms After Exchange Licencing Deadline
Hong Kong’s Securities and Futures Commission (SFC) will soon inspect crypto firms in the region ahead of a deadline to obtain licences to operate in the region. The regulator has been shifting its focus to strengthen compliance criteria for crypto…
Algorand Foundation Announces Blockchain Developer Course on Nasscom’s FutureSkills Platform
Algorand is expanding its presence in India’s blockchain sector, one step at a time. This week, Algorand Foundation’s India-focussed initiative called AlgoBharat, announced an app developer programme to train Indian engineers in blockchain development. Nasscom, the country’s primary non-government tech…
Argentina Authorities Discuss Bitcoin Adoption Strategy, Experience With Counterparts From El Salvador
Argentinean officials are in dialogue with their counterparts from El Salvador to gain a deeper understanding on strategies and experiences in adopting Bitcoin. Last week, senior leadership of the Argentinian National Securities Commission (CNV) met with El Salvador’s National Digital…
Brazil’s CBDC Pilot Reportedly Delayed to 2025 Due to Lack of Privacy Safeguards: Details
Brazil has reportedly halted the pilot testing of Drex, its central bank digital currency (CBDC), The pilot of the country’s first CBDC will take place by 2025, as the Central Bank of Brazil has found blockchain privacy solutions to be…
Ether ETF Approvals in US Said to Boost Institutional Investment
The US SEC approved eight exchange traded funds (ETFs) for Ether this month. Through ETFs, investors can engage with Ether trading via traditional stock markets – rather than having to use a crypto exchange ecosystem. Interested members of the investor…
European Blockchain Body Tells EU to Prepare for AI and Web3 Merging, CBDCs Emergence
The European Blockchain Observatory and Forum (EUBOF) has given a heads up to the European Union (EU) to get prepared to handle the upcoming era of decentralised AI networks. In a report addressed to the EU, the EUBOF said that…
US Lawmakers Pass FIT21 Crypto Bill That May Regulate SEC’s Involvement in Sector Oversight
Lawmakers from the US have come together to vote in favour of a crypto bill, called the Financial Innovation and Technology for the 21st Century Act (FIT21). In a rather historic moment, 279 out of 136 members of US’ House…
‘Huge Win for Web3’: Indian Crypto Industry Reacts as US House’ Approves FIT21 Bill
The US House of Representatives, this week, greenlit a new bill that aims to regulate the crypto sector. While the FIT21 (Financial Innovation and Technology for the 21st Century Act) bill still awaits approval from the US Senate, stakeholders of…
Crypto Price Today: Bitcoin, Ether Log Losses, Profits Strike Ripple, Dogecoin Ahead of Potential Ether ETF in US
The overall crypto chart reflected losses next to most cryptocurrencies on Friday, May 24. Bitcoin recorded a loss of around one percent on Friday to trade at the price point of $71,771 (roughly Rs. 59.7 lakh) on Indian exchanges like…
Privacy, Wearables, and Building a Secure Web3 Ecosystem: Interview With Mai Labs
Mai Labs — a Web3 firm headquartered in the Cayman Islands — showcased its Mayaaverse metaverse platform in India earlier this week. The firm demonstrated the platform that digitally traces India’s journey through history. Mayaaverse allows visitors to explore ancient…
OKX Joins Forces with JamboPhone to Push Web3 Adoption, Compete with Solana Saga
The OKX crypto exchange recently announced a partnership with Jambo, a Web3-enabled smartphone brand. Through this partnership, both the brands are looking to push the Web3-backed digital economy in smartphone-friendly emerging markets. While Web3 and smartphones – both of which…
US SEC Approves Exchange Applications to List Spot Ether ETFs
The U.S. Securities and Exchange Commission (SEC) on Thursday approved applications from Nasdaq, CBOE and NYSE to list exchange-traded funds (ETFs) tied to the price of ether, potentially paving the way for the products to begin trading later this year….
CoinSwitch Report Says Its Reserves Exceed Customer Holdings, Can Cover All User Redemptions
India’s CoinSwitch crypto exchange published the third edition of its Proof of Reserve (PoR) on Thursday, May 23. The report claimed that the worth of total consumer holdings on CoinSwitch, including both cryptocurrencies and INR, stood at Rs. 2, 774.10…
Crypto Storage Provider Liminal Custody Registers Indian Entity with Financial Intelligence Unit
Liminal Custody, that offers storage and wallet services for virtual assets, announced that its Indian entity ‘First Answer India Technologies Private Limited’ is now officially registered with India’s Financial Intelligence Unit (FIU). With this, the entity has become the latest…
Crypto Price Today: Bitcoin Hovers Over $70,000 on ‘BTC Pizza Day’ Anniversary, Altcoins Trade Sideways
Bitcoin on Wednesday, May 22, logged a minor loss of 2.54 percent. The value of BTC on national and international exchanges at the time of writing, stood at $72,182 (roughly Rs 60 lakh) and $70,036 (roughly Rs. 58.3 lakh), respectively….
Mai Labs Unveils Metaverse Platform Mayaaverse, VR Headset Lumyn XR in India: Details
Betting big on the future of advanced human-computer relation, Grand Cayman -headquartered Web3 firm Mai Labs launched its metaverse platform called ‘Mayaaverse’ in India on Wednesday, May 22. The company, in a launch event hosted in Delhi, also unveiled the…
Brazil to Unveil Second Phase of Crypto Rules by End of 2024: Report
Brazil, after implementing some rules to govern cryptocurrencies back in 2022, is gearing up to unveil a more detailed regulatory framework to oversee the crypto sector. In a recent development, the Central Bank of Brazil has claimed that it would…
What is the GameFi Element in the Blockchain Gaming World?
GameFi, another jargon from the Web3 sector, now seems to be grabbing the attention of members of the Web3 and gaming communities. The concept of GameFi brings together two elements – gaming and finance. Games that fall under this category…
Crypto Mining Banned in Venezuela, Thousands of Machines Seized
The crypto mining industry often finds itself under the scanner for being power-intensive and releasing greenhouse gasses into the environment. In a recent development, the South American nation of Venezuela has announced a ban on crypto mining. The massive load…
What Is the India Blockchain Alliance? What Does it Do?
The India Blockchain Alliance (IBA) calls itself a not-for-profit organisation, working on bringing together blockchain developers, firms, venture capitalists, and visionaries together in India. Founded in the year 2018, the body aims to further the research and development work around…
Bitcoin Crosses One Billion Transactions Milestone First Time Since Its Inception in 2009
Bitcoin, the oldest and most expensive cryptocurrency in existence, has completed its first billion transactions this week. The asset, created in 2009, has taken fifteen years to hit one billion transactions. The crypto community is elated and flooding the social…
Bitcoin Maintains Pricing Above $60,000, Volatility Pushes Most Altcoins to Losses
The crypto price chart reflected volatility with most altcoins trading in losses on Monday, May 13. Stepping into the third week of this month, Bitcoin saw its trading value remaining close to the mark of $60,000 (roughly Rs. 50 lakh)….
Bharat Web3 Association Calls for Teamwork in Building Ironclad Anti-Money Laundering Laws
India’s crypto industry body, the Bharat Web3 Association (BWA) recently met with the stakeholders of India’s Web3 industry. The aim of this meeting was to open dialogues on the steps that could prevent the misuse of cryptocurrencies for unlawful activities…
CoinDCX Report Claims Lower TDS on Crypto Could Improve Compliance, Tax Transparency
CoinDCX has released a report that attempts to highlight issues with India’s crypto tax policies, while seeking reforms from the government in order to improve compliance and tax transparency in the country. The FIU-registered crypto exchange is the latest of…
Crypto Price Today: Bitcoin Price Rises Alongside Several Altcoins as Inflation Data Spurs Speculation on Interest Rate Cut
Bitcoin price on Friday rose by 5.56 percent and the digital asset is currently trading at around $69,196 (roughly Rs. 57.7 lakh) on Indian cryptocurrency exchanges like WazirX and CoinSwitch and $66,155 (roughly Rs. 55.2 lakh) on foreign exchanges like…
Indian Web3 Players Call SEBI’s Vision for Distributed VDA Governance Encouraging, Pragmatic
The Securities and Exchange Board of India’s (SEBI), this week, said it could work with the RBI and Insurance Regulatory and Development Authority of India (IRDAI) to monitor India’s digital assets sector. In its suggestion to the government, the Indian…
Mastercard Onboards Five New Blockchain Startups to Start Path Programme: Details
US-based card payments giant Mastercard is forging ahead with choosing and onboarding promising blockchain startups to join its Web3-focussed Smart Path programme. In a fresh development, the company has onboarded five new startups to be part of this initiative. In…
Humanity Protocol Raises $30 Million as Blockchain-Based Digital ID Startup Hits Unicorn Status
Humanity Protocol, a decentralised identity solution, has raised $30 million (roughly Rs. 250 crore) from a fresh funding round led by Kingsway Capital and the startup has hit unicorn status with its valuation surpassing the $1 billion (roughly Rs. 8,350…
Crypto Price Today: Bitcoin, Ether See Losses Alongside Majority Altcoins; Tether, Iota See Small Gains
The crypto chart, on Wednesday, May 15, reflected losses next to most cryptocurrencies. Bitcoin clocked a loss of around one percent that has brought its trading value to $66,124 (roughly Rs. 55 lakh) on Indian exchanges like CoinDCX and CoinSwitch….
Tornado Cash Developer Sentenced to 64 Months in Prison on Charges of Laundering $1.2 Billion: Report
The cryptocurrency sector and crypto entrepreneurs have often come under legal scrutiny in recent years. Former FTX CEO Sam Bankman-Fried was sentenced to 25 years in prison in March over charges of fraud, followed by Binance founder Changpeng getting a…
Web3-AI Firm ChainML Raises Over $6 Million in Funding as 2024 Sees Spike in Capital Inflow
ChainML, a Web3-enabled AI platform, has secured a notable investment, handing a boost to the Web3 funding environment. The Silicon Valley-based AI and ML development and research firm’s latest investment round, Led by Hack VC, fetched $6.2 million (roughly Rs….
Coinbase Faces Outage, Users May See Inconsistency in Platform’s Functioning
The Coinbase crypto exchange platform is undergoing a system-wide outage. The development came to light on Tuesday, May 14 after users of the platform flooded X with complaints that the Coinbase site was not functioning. Soon after, a message was…
Multi-Chain Memecoin ‘Dogeverse’ Raises Over $15 Million in ICO Ahead of Exchange Listing: Details
Dogeverse, the latest entrant into the memecoin market, has managed to raise $15 million in its Initial Coin Offering (ICO). According to a report from AMB Crypto, the new multi-chain memecoin reached the milestone Monday. The $DOGEVERSE token has taken…
Mudrex, ClearTax Partner to Assist Users Compute and File Crypto Taxes for a Fee
Mudrex, a crypto investment platform founded by Indian entrepreneurs, has struck a partnership with tax computing platform ClearTax. The crypto exchanges operating in India now have a set of rules they need to adhere to, in order to stay compliant…
Crypto Price Today: Bitcoin, Ether See Small Losses, Most Altcoins Reflect Price Dips
Bitcoin on Wednesday, May 8 showed a minor dip of 1.45 percent which it incurred over the last 24 hours. The asset, most expensive on the crypto chart, is presently trading at the price point of $66,695 (roughly Rs. 55.6…
German Bank Set to Tokenise Bonds, Drive Blockchain Adoption: Details
The finance sector around the world, at this point, is exploring the blockchain technology that logs permanent transaction records and reduces the dependencies on centralised and easily hackable Web2 servers. Germany’s third largest state-owned bank, Kreditanstalt fuer Wiederaufbau (KfW) has…
Crypto Market Today: Bitcoin Records Minor Gains, Most Altcoins Reflect Profits
The crypto chart reflected more gains than price dips on Friday, May 10. Bitcoin recorded a minor price hike of 2.03 percent to trade at $66,115 (roughly Rs. 55.2 lakh) on Indian exchanges like CoinSwitch. On international exchanges, meanwhile, the…
Binance Registers With FIU as It Seeks to Resume Operations in India
Binance, the world’s largest cryptocurrency exchange, has registered with India’s Financial Intelligence Unit (FIU), a senior FIU official said on Friday, as the exchange seeks to resume operations in the country. The exchange was barred from operating in India in…
Clinical Research Firm for Nykaa, FirstCry Partners Qila.io to Receive Blockchain Revamp
Mumbai-based blockchain firm Qila.io is gearing up to help introduce transparency in the field of clinical research using blockchain technology. Earlier this week, the company partnered with clinical research firm Mascot Spincontrol, which is also headquartered in India’s financial capital….
Binance Fined $4.4 Million in Canada for Violating Anti-Money Laundering Laws
Binance has been fined by Canada’s anti-money laundering agency for violating the country’s anti money laundering laws. The largest crypto exchange in the world was previously probed by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for flouting…
Bitget, Alchemy Pay Partner to Allow Crypto Purchasing via Indian Rupee and UPI
Bitget, which is a Seychelles-based crypto exchange, has decided to let Indian users purchase cryptocurrencies using fiat Rupee. The exchange has entered into a partnership with Web3 payments solutions platform Alchemy Pay to facilitate crypto purchases through the Rupee currency….
SocialFi Is the New Buzzword in Web3 World, Here’s What We Know About It
The sector of blockchain-based Web3 is rife with buzzwords and the latest one to emerge on top of the heap is called SocialFi. Comprised of two words – social and finance – SocialFi is a category of Web3 sector that…
Dubai Gets Metaverse Strategy, Plans to Be Among Top Ten Metaverse Economies
The UAE, that is working on establishing itself as hotspot for Web3 activities, has decided to make Dubai one of the world’s top ten metaverse economies. This week, Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum, announced a roadmap for…
Nigeria Sets Dangerous Precedent by Detaining Binance Executives, CEO Says
The CEO of cryptocurrency exchange Binance on Tuesday accused Nigeria of setting a dangerous precedent after its executives were invited to the African country and then detained as part of a crackdown on crypto. Binance, the world’s largest crypto exchange…
What is TBTC Bitcoin Testnet and Why Do Developers Think It Needs a Revamp?
Casa, a Bitcoin custodian firm based in the US, operates a separate and parallel version of the Bitcoin blockchain called the TBTC testnet. This technology supports tBTC tokens, which have no financial value linked to them but come in handy…
Robinhood’s Crypto Trading Venture Lands Under Legal Scanner: Details
Robinhood, the US-based crypto trading service has found itself under legal issues in the US. Earlier this week, the US Securities and Exchange Commission (SEC) issued a ‘Wells Notice’ against Robinhood. With this, Robinhood has joined the list of several…
Crypto Wallets Grab Vodafone’s Attention as Telco Looks to Integrate Blockchain in Operations
The senior leadership at Vodafone is looking to integrate the blockchain technology with its operations. The concept of crypto wallets has also grabbed the attention of the UK-headquartered telecom giant in recent times. David Palmer, the lead of Blockchain initiatives…
Coinbase Sued in US for Allegedly ‘Deceiving’ Investors: Details
Just a week after Coinbase reported a spike in its first quarter revenue, the exchange has found itself embroiled in a lawsuit. A group of six users of the exchange have alleged in a lawsuit that Coinbase, under its CEO…
Crypto Price Today: Bitcoin Sinks to Two Month Low Pricing, Ether, Most Altcoins See Losses
The crypto price chart found itself drenched in losses on Wednesday, May 1. Bitcoin recorded a significant dip of 5.20 percent on Wednesday. With this, the price of the oldest cryptocurrency dropped to a two-month low of $60,170 (roughly Rs….
Binance Crypto Exchange Founder Changpeng Zhao Sentenced to 4 Months in Prison
Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating US laws against money laundering at the world’s largest cryptocurrency exchange. Once considered the most powerful crypto industry…
Japanese Watch Giant Casio Forays into NFT Space: Details
Japan-based watch making brand Casio has decided to engage with a younger generation of clientele. Casio has launched an NFT series with eight digital art pieces that have been created in partnership with Astar zkEVM. Banking on Japan’s gaming culture,…
Crypto Price Today: Bitcoin Price Falls Below $60,000, Dogecoin, Shiba Inu, Other Altcoins See Gains
The last few weeks have pushed Bitcoin under the price point of $60,000 (roughly Rs. 50 lakh) for the first time in two months. As of Friday, May 3, Bitcoin was trading at the price point of $57,690 (roughly Rs….
Solana Labs, Google Cloud Join Forces to Propel Blockchain into Mainstream Game Development
Google Cloud, in recent times, has been taking multiple steps to establish itself as a pro-Web3 entity. Now, Solana Labs has joined forces with Google Cloud. Through this partnership, the team behind the eco-friendly green blockchain will use the capabilities…
Understanding Peer-to-Peer Crypto Trading: Benefits and Threats
When two individuals or entities decide to exchange any asset directly between each other, this process is referred to as peer-to-peer (P2P) trading. In these transactions, the need for a mediator is eliminated, which reduces the fee of this mediator,…
Jack Dorsey’s Block Reportedly Under Investigation in the US
After Binance and Coinbase, the authorities in the US are now reportedly opening an investigation on the crypto business of Jack Dorsey’s payments firm, Block. As per reports, the US authorities have identified compliance violations from the fintech company that…
Enforcement Directorate Seizes Rs. 90 Crore Funds Kept in Binance, ZebPay, WazirX Wallets
The Enforcement Directorate on Tuesday said it has taken possession of funds worth Rs. 90 crore, kept in cryptocurrency wallets of exchanges like Binance, ZebPay and WazirX, as part of a money laundering investigation linked to an online gaming app…
Google Cloud Teams with Sui Blockchain to Improve Web3, AI in Advanced Tech Initiatives
The overall tech sector is presently on a boom with blockchain-based Web3 making an entry across verticals. In a fresh development, Google Cloud has teamed up with a Layer-1 blockchain platform Sui to integrate blockchain solutions with Artificial Intelligence (AI)…
Vietnam Debuts Academy of Blockchain, AI with Plans to Train a Million People in Emerging Tech
Vietnam is ramping up efforts to join other Asian nations like India, Japan, China, and South Korea in exploring the distributed ledger technology, also called the blockchain tech. The country recently launched its Academy of Blockchain and AI Innovation (ABAII)…
UK’s Cashaa to Expand its Multifunctional Crypto Wallet Service in India: Details
India, despite its slow adoption of Web3 technologies and services, has emerged as a region of focus for several companies working around cryptocurrencies, metaverse, and NFTs. In a fresh development, UK-based crypto wallet firm Cashaa has announced the expansion of…
IIT Madras Moves Student Election Voting to Blockchain, Identifies Challenges
In a bid to test the use of blockchain in the governance sector, IIT Madras has moved its student election systems from servers to blockchain. As part of a college club dedicated to blockchain-related research work, students at the prestigious…
Inclusion Into Startup Initiatives, Risk Mitigating Policies: BWA Lists Web3 Needs for Upcoming Government
India, the largest democracy in the world, is currently undergoing its general election process to choose its leaders for the next four years. Before the chosen leaders take the reins of India’s growth within their commands, the Bharat Web3 Association…
IIT-Madras Begins Draft Work on ‘Metaverse India Policy and Standards’ with Industry Veterans
The metaverse market, that is expected to grow at an annual rate of 37.7 percent in the next six years, is estimated to reach the valuation of $74.4 billion (roughly Rs. 6,20,918 crore) by the end of 2024. Gearing up…
Thailand Takes Decision to Ban Unlicenced Crypto Exchanges to Prevent Online Crime
Thailand has decided that all crypto firms operating within its provincial limits must be officially licenced and approved to conduct businesses. The global crypto market has been swelling by the day, especially now when majority cryptocurrencies including Bitcoin are undergoing…
Crypto Price today: Bitcoin, Ether See Upward Momentum, Solana and Dogecoin Retain Gains
More number of cryptocurrencies, as of Wednesday, April 24 saw losses owing to the volatility that has taken over the market post the BTC halving. Bitcoin recorded a loss of 0.56 percent to trade at the price point of $65,693…
US Seeks 3 Years Prison for Binance Founder Changpeng Zhao
US prosecutors want Changpeng Zhao, the founder and former chief executive of Binance, the world’s largest cryptocurrency exchange, to serve three years in prison after he pleaded guilty to violating laws against money laundering. Prosecutors made the request in a…
Over 1,000 Crypto ATM Machines Now Active in Australia: Report
In the aftermath of the recent crypto bull run, Australia has clocked a rise in the number of active cryptocurrency ATM machines. In a recent update, data by Coin ATM Radar showed that the current number of crypto ATM machines…
Jack Dorsey’s Block Platform Creates Chip for Bitcoin Mining, Plans to Create Full BTC Mining System
With an evident expansion of the global crypto economy underway, the industry of crypto mining has emerged as an integral part of the overall Web3 ecosystem. Jack Dorsey, the founder and former CEO of X (formerly Twitter) has realised the…
WazirX Received 1,700 Requests from Law Enforcement Agencies in Last Five Months
Indian crypto exchange WazirX released its sixth transparency report on Tuesday, April 23. This report highlights what the company observed in the last five months, between October 2023 and March 2024. Among a bunch of details shared, WazirX claimed that…
Bitcoin Runes Debut in Crypto Space: Here’s What We Know About Them
The year of 2024 has seemingly ushered in an exciting time for the Bitcoin ecosystem. Right from Bitcoin ETFs getting approved for trading in the US this January, to its most recent halving event – a lot has been going…
Bitcoin, Ether Record Slight Price Hikes Following BTC Halving, Most Altcoins See Gains
Bitcoin on Monday, April 22 joined majority cryptocurrencies on the loss side of the crypto chart. The value of the asset, at the time of writing, stood at $62,734 (roughly Rs. 52.3 lakh) after minting a profit of 2.20 percent…
Multiple Solana-Based Memecoins Abandoned After Presale Frenzy, Millions of Dollars Displaced: Report
The past few months have been quite the up-hill ride for the crypto sector, marking some major milestone moments that shook the industry out of a long slumber. With most cryptocurrencies including Bitcoin having seen significant spikes in their prices,…
Crypto Price Today: Bitcoin, Ether Fail to See Any Major Price Change Over the Weekend, Altcoins See Gains
The overall crypto market, including Bitcoin, did not see any major changes over the weekend. Volatility continues to obstruct profit streaks for several cryptocurrencies. Bitcoin, for instance, stepped into Monday, April 15 trading at a loss of 1.40 percent. The…
Bharat Web3 Association Teams Up With Japan’s JADA to Boost Sector Growth
The Web3 sector is witnessing a rapid expansion globally, as clusters of countries are collectively (as well as independently) setting guidelines and legal frameworks to regulate the sector. In a bid to explore ways to grow the Web3 ecosystem in…
Crypto Mining Operations Face Crackdown in Norway With New Regulations for Data Centres
Norway, in the coming days, is regulating the operations of data centres within its jurisdiction. The aim is to identify energy-intensive operations like the ones pertaining to crypto mining and put a stop to them. Since Norway faces extreme cold…
Bitcoin ‘Halving’ Software Update Cuts Supply of New Tokens in Threat to Miners
A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely. The once-every-four-years event cut in half the so-called…
Bitcoin Price Above $61,000, Ether and Majority Altcoins See Losses Ahead of BTC Halving
The crypto chart mostly reflected losses on Friday, April 19. Bitcoin, for instance, is trading at $61,815 (roughly Rs. 51.6 lakh) having recorded a loss of 0.23 percent. This is Bitcoin’s trading value in India, as per the crypto price…
BWA Lays Down Self-Regulatory Guidelines on Token Listings for Indian Crypto Exchanges
Joining the Indian government in regulating the crypto sector and making it safe for engagement, the Bharat Web3 Association (BWA) has laid down some rules for service providers in the crypto sector to adhere to. The Web3 industry group has…
Binance Plans to Get India Ban Revoked, Working on Compliance Mandates: Report
India’s crypto market is not an easy one to let go of for Binance, that is now working on making a re-entry into the country. Touted as the largest exchange for cryptocurrencies in the world, Binance recently lost operational permits…
Bitcoin Halving 2024: Analysts Predict Drop in Bitcoin Dominance, Altcoins Engagement Could Spike
Bitcoin is set to undergo its fourth halving process between April 18 and April 21. There can only ever be 21 million tokens of Bitcoin. At present, over 19.6 million BTC tokens are already in circulation. Satoshi Nakamoto, the anonymous…
Bitcoin, Ether Clock Small Gains Alongside Solana, Cardano as Most Altcoins Bag Profits
The crypto market seems to be experiencing a period of relative stability, with fewer fluctuations. Bitcoin on Wednesday saw a profit of 2.33 percent, which took its trading value to $63,815 (roughly Rs. 53.3 lakh), as per the crypto price…
Adidas and Stepn Grant Limited Genesis NFT Sneakers to Web3 Customers via Mooar Marketplace
Adidas has entered into a partnership with Stepn, a Solana-based move-to-earn application, to offer generative NFTs to users. As a product of this partnership, a new NFT collection featuring Adidas sneakers was launched on Wednesday. For Adidas, creating digital avatars…
Crypto Tax Compliance in India ‘Very Low’, Clearances Imperative to Gain Government’s Trust: Taxnodes CEO
Several crypto investors in India have failed to pay 30 percent tax on profits they made via crypto activities in the last two years, possibly due to regulatory unclarity and lack of customer awareness, crypto tax firm Taxnodes has warned,…
Metaverse Experience Centre With VR, AR and Immersive Technologies Launched in Noida
A Metaverse Experience Centre (MEC) has been established in Noida by Indian metaverse research and advisory firm Metaverse911. On Tuesday, the firm officially announced the launch of this experience centre, inviting industry leaders as well as other Web3 enthusiasts to…
IRS Expects to See Spike in Crypto Tax Evasion Cases in the US: Report
The US, where estimates suggest 40 percent of adults currently hold crypto assets, is expecting to see a rise in tax evasion cases. The US’ Internal Revenue Service (IRS) is already gearing up to handle these cases. The information was…
Hong Kong Approves BTC and ETH Spot ETFS, Indian Web3 Community Lauds ‘Landmark’ Decision
In a rather pro-crypto move, Hong Kong has greenlit the trading of Bitcoin and Ether Spot Exchange-Traded Funds (ETFs). With this move, traders in Hong Kong will get the chance to invest in Bitcoin and Ether via traditional stock markets….
KuCoin Completes Registration with India’s FIU, Will Deduct 1 Percent TDS on Transactions
India, in a bid to ensure that the crypto sector is safe for investors, has been tightening the noose around crypto players. Now, KuCoin has become the latest international crypto exchange to have completed compliance with India’s Financial Intelligence Unit…
Crypto Price Today: Bitcoin, Ether See Losses, Price Fluctuations Weigh Heavy for Most Altcoins
The crypto sector is undergoing a phase of volatility now that Bitcoin is approaching its fourth halving process later this month. Bitcoin on Wednesday, April 10 recorded a loss of 2.30 percent. With this, the value of Bitcoin has fallen…
IMF Withholding Financial Aid for El Salvador Due to Its Bitcoin Alliance: Report
El Salvador is reportedly in a tense situation with the International Monetary Fund (IMF) for merging Bitcoin with its core financial system. Bitcoin, the oldest and the most expensive cryptocurrency, is accepted as a legal currency in El Salvador alongside…
Small Crypto Players in Dubai to Get Benefits from VARA Regulators: Details
Dubai, that has emerged as a hotspot for crypto activities, is taking a new approach to inject power and support into smaller Web3 players. VARA, the Web3 regulatory body of Dubai wishes to make the operational and compliance process for…
Bitcoin Price Sees Minor Hike as Values of Several Altcoins Continue to Drop
Bitcoin’s price rose by 0.93 percent on Thursday ahead of the upcoming fourth Bitcoin halving process, raising the value of the currency to $66,615 (roughly Rs. 55.5 lakh), as per the crypto price tracker by Gadgets360. In the last 24…
Samsung Partners With Wilder World Metaverse Game, Will Offer NFT Rewards as Part of Web3 TV Bundle
Samsung, the South Korean tech giant, has been taking small steps to engage with Web3 without directly exposing its massive user base to volatile digital assets. In a fresh development, Samsung has announced a partnership with metaverse game Wilder World….
New Zealand Commerce Minister Warns Leaders on Being Slow in Crypto Exploration
New Zealand’s ministry of commerce and consumer affairs have warned the country leaders against keeping a slow approach on cryptocurrencies. In a recent development, minister Andrew Bayly has asked the Australian government to finalise its stance on crypto before it’s…
Hong Kong Said to Be Close to Approving Its First Spot Bitcoin ETFs
Spot bitcoin exchange-traded funds could be launched in Hong Kong this month with the first approvals likely to be announced next week, two people familiar with the matter said. That timeline would make Hong Kong Asia’s first city to offer…
Mastercard, 1inch Partner to Launch New Crypto Debit Card: All You Need to Know
A new crypto debit card has entered the fintech ecosystem, programmed with the crypto-to-fiat bridge functionality. DeFi firm 1inch has collaborated with cards payment giant Mastercard to launch this card. The card has been developed by Baanx, a cryptocurrency payments…
India Showed Remarkable Emergence in Web3 Adoption, Stats Show Sector Expansion: Report
India has reportedly shown remarkable growth in blockchain adoption in 2023. While mostly crypto-sceptic, the tech-friendly nation now boasts over a thousand startups, some even with unicorn statuses, working in the field of Web3. Touted as the third iteration of…
Crypto Price Today: Bitcoin Briefly Hits $70,000 Mark, Halving-Related Volatility Keeps Market Slow
The crypto market reflected mixed sentiments on Monday, April 8 with more cryptocurrencies showing losses than profits. Bitcoin showed a miniscule gain of 0.03 percent on Gadgets360’s crypto price tracker – taking its exchange value to $66,570 (roughly Rs. 55.4…
Bitcoin Miners Begin Token Offloading Hoping to Retain Profits Before Upcoming Halving
The Bitcoin ecosystem is gearing up for its fourth halving event, slated to take place in the next two weeks. In the backdrop of this upcoming significant development in the ecosystem, bitcoin miners have begun offloading their crypto holdings in…
Bitcoin Breaches $70,000 Before Receding to $67,700, Market Under Mild Volatility
The crypto chart reflected gains next to most cryptocurrencies on Tuesday, March 26. Bitcoin stepped into the trading arena on Tuesday, reflecting a profit of five percent. Its current trading value stands at $67,730 (roughly Rs. 56.4 lakh). In the…
Bitcoin Steps into April with Small Gains, Altcoins See Slight Relief from Volatility
The crypto sector underwent tremendous ups and downs in the month of March, with Bitcoin reaching an all-new high of over $73,000 (roughly 60.8 lakh). On Monday, April 1, Bitcoin recorded a minor gain of 1.35 percent to trade at…
Bitcoin Slips Below Crucial $67,000 Level, Crypto Market Sees Bearish Turn in Last 24 Hours
The last 24 hours brought reductions in the prices of majority cryptocurrencies as the crypto market took what experts are calling a ‘bearish turn’. Bitcoin on Tuesday, April 2 showed a loss of 1.24 percent. With this, the value of…
Bitcoin, Ether Register Losses as Market Volatility Continues to Shadow Price Charts
The volatile element of the crypto sector is nowhere near its end as several cryptocurrencies are still struggling to find a stable price point to trade at. Bitcoin on Wednesday, April 3, reflected a loss of 0.33 percent. With this,…
RBI Proposes Support for CBDC Distribution via Non-Bank Payment Operators
Several countries, including India, are expanding central bank digital currency (CBDC) trials, hoping to integrate then with their existing financial systems. The Reserve Bank of India has proposed the expansion of support for the digital rupee CBDC within the retail…
Google Files Lawsuits Against Chinese Nationals for Promoting Fraudulent Crypto Apps on Play Store: Report
Google is taking a conscious approach towards identifying risky apps being promoted on its Play Store. In a fresh development, the search engine giant has identified two suspects who could have been using the app storefront to advertise fraudulent crypto…
Crypto Price Today: Bitcoin Price Plunge Continues, Most Cryptocurrencies Hit by Losses
The crypto market volatility is only getting heated up by the day but is also spelling losses for majority altcoins on an almost regular basis. Bitcoin on Thursday, April 4 recorded a loss of 1.62 percent. This took its trading…
Meta Records 16 Percent Uptick in 2023 Annual Revenue, Metaverse Unit Still Under Loss
Mark Zuckerberg, the chief of Meta (previously Facebook) recently disclosed revenue details about the company’s last quarter. Meta clocked a revenue of $40.1 billion (roughly Rs. 3,34,416 crore) between September and December. In total, the social media and Web3 mammoth…
CoinDCX, Mesh Partner to Let Users Integrate DeFi Wallets from Within its App
CoinDCX, the Indian crypto exchange platform, has decided to let its users integrate DeFi wallets from within its platform. The aim is to ease the connectivity between centralised exchanges and DeFi wallets. To do so, the exchange has announced a…
‘Growing Strong in India’: Shiba Inu Said to Be Top Traded Memecoin on WazirX in March
The month of March proved to be quite the lucrative period for the overall cryptocurrency sector. While Bitcoin attained its new all-time high and Ether came close to creating its own, several altcoins also recorded a notable upswing in their…
Binance Establishes First Ever Board of Directors Amid Legal Issues: Details
The recent few years have not been smooth sailing for Binance, which has time and again found itself surrounded by legal issues. In a first, Binance Holdings has established a board of directors comprising of seven members – who will…
China Launches Public Blockchain Platform Despite Unfriendly Crypto Stance
China is accelerating efforts to establish a massive blockchain network, despite its strict anti-crypto stance. The goal is to allow the government of China to engage in blockchain-related activities, especially in a cross-border setting. The Chinese government has launched the…
Crypto Bull Run Spikes Number of Web3-Focussed Funds as Startups Swarm for Funding, Guidance
The crypto market valuation, for the first time since 2021, is close to its last all-time high of $3 trillion thanks to Bitcoin, ETH, and other cryptocurrencies undergoing a bull run. Startups looking to establish their name in the crypto…
Biktub, Thailand’s Biggest Crypto Exchange, Hiring Advisers for 2025 IPO
Bitkub Capital Group Holdings, the owner of Thailand’s biggest crypto exchange, is planning an initial public offering for 2025, Chief Executive Officer Jirayut Srupsrisopa said in an interview on Monday. Jirayut said Bitkub plans to go public on the Stock…
SWIFT Plans to Launch New Central Bank Digital Currency Platform Within Next Two Years
Global bank messaging network SWIFT is planning a new platform in the next one to two years to connect the wave of central bank digital currencies now in development to the existing finance system, it has told Reuters. The move,…
Bitcoin, Ether Trade Sideways, Most Altcoins Register Price Dips Amid Industry Turmoil
Majority cryptocurrencies registered losses on Thursday, March 28 in the aftermath of industry players like Binance, Coinbase, and KuCoin facing legal issues in different parts of the world. Bitcoin on Thursday managed to see a miniscule gain of 0.06 percent….
Sam Bankman-Fried Sentenced to 25 Years for Multi-Billion Dollar FTX Fraud
Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion (roughly Rs. 66,678 crore) from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind’s dramatic…
Bitcoin Hovers Over $67,000, Ether and Solana Manage to See Gains Despite Ongoing Slowdown
Bitcoin on Friday, March 29 saw a loss of 0.18 percent. The value of Bitcoin, at the time of writing stood at $67,034 (roughly Rs. 55.8 lakh). In the last 24 hours, the value of Bitcoin tumbled by $111 (roughly…
Google to Show Token Balances in Wallets Running on Bitcoin, Polygon, Fantom Blockchains
Google, in a crypto-supportive move, has decided to show balances of crypto wallets through a simple Google search. The balance information for wallets based on the blockchains of Bitcoin, Arbitrum, Avalanche, Optimism, Polygon, and Fantom will now be shown on…
FATF Upset, Worried About Nations Being Slow in Regulating Crypto: Details
The Financial Action Task Force (FATF) has expressed concerns that not many nations have implemented the rules it had laid down to regulate the virtual digital assets sector. In a report issued by the FATF, the delay in deploying and…
KuCoin Failed to Comply With Money Laundering Rules, Used for $9 Billion in Suspect Crypto Trades, US Says
US prosecutors charged KuCoin, one of the world’s largest cryptocurrency exchanges, and two of its founders for failing to comply with American anti-money laundering rules. Since KuCoin’s inception in September 2017, the exchange “willfully failed” to establish and maintain a…
Bitcoin-Backed Velar to Launch Native Token Via ByBit, Lauds India for Quick Tech Adoption
Velar, a Bitcoin-powered liquidity protocol, has announced the launch of its native token that also goes by the same name. The token is being launched into the trading arena through ByBit, touted as the second largest crypto exchange in the…
Crypto Price Today: Losses Strike Bitcoin, Ether as Market Awaits US’ Final GDP Announcement
Majority of the popular cryptocurrencies are trading in losses as of Wednesday, March 27. Bitcoin on Wednesday registered a price dip of 0.65 percent to trade at $67,288 (roughly Rs. 56 lakh). Over the last 24 hours, the value of…
Binance Banned in Philippines, Firm’s Controversy in Nigeria Add to its Troubles
At a time when cryptocurrencies are snapping out of a two-year slumber period to sprint on a bull run, the largest crypto exchange in the world is facing multiple legal crisis in different parts of the world. The government of…
Hong Kong Continues Clampdown on Fraudulent, Unregistered Crypto Exchanges
Hong Kong is continuing its efforts to regulate crypto exchanges and crack down on those that are fraudulent and unregistered in the special administrative region (SAR) of China. The cryptocurrency market, currently valued at $2.60 trillion (roughly Rs. 2,16,86,900 crore),…
Bitcoin, Ether ETNs to Launch on London Stock Exchange, Here’s What That Means
The UK, in another crypto-friendly development, has decided to merge its traditional regulated market with crypto. Starting May 28, the London Stock Exchange (LSE) will launch exchange traded notes (ETNs) for Bitcoin and Ether. It is notable, that these ETNs…
Bitcoin Value Remains Pinned Around $66,000, Small Gains Hit Ether, Solana
Majority crypto assets underwent price fluctuations over the weekend after the US decided to not revise or lower interest rates. Stepping into the third week of March, the crypto price chart looked bifurcated between profit-minting and loss-ridden cryptocurrencies. Bitcoin on…
Bitcoin Value Sees Notable Spike, Most Altcoins Shrug Off Volatile Phase of Price Correction
A number of cryptocurrencies seem to be getting back on the profit track, after seeing a brief period of price correction. Bitcoin on Friday, March 22 stepped into the trading arena at the price point of $64,950 (roughly Rs. 54.13…
OKX Exits India’s Crypto Space Failing to Meet Legal Requirements
India has tightened its noose around crypto-related businesses, mandating sector firms to comply with certain legal requirements. Failing to comply with these rules, crypto exchange OKX has decided to exit India’s crypto sphere. The Seychelles-headquartered exchange informed its Indian community…
Solana Blockchain Beats Ethereum on Popularity Quotient, Memecoins Contribute
Crypto enthusiasts are seemingly taking advantage of the ongoing bull run, generating major activities across blockchain networks. The eco-friendly Solana blockchain, on the scale of most popular, has managed to defeat Ethereum in recent days. The credit for this goes…
Coinbase Plans to Launch Futures Trading for Dogecoin, Lauds Memecoin’s Transition Over Years
Coinbase is seemingly exploring ways to add more services to its portfolio that makes people reach its platform and engage with digital assets in varied manners. The crypto exchange is now planning to launch a futures trading service for Dogecoin….
BlackRock Files With SEC to Offer Fund With Tokenization Firm Securitize
BlackRock Inc. is preparing to offer a fund through a partnership with digital-asset specialist Securitize, making it the latest Wall Street behemoth to experiment with putting money on blockchains. The world’s largest asset manager said it plans to launch “BlackRock…
Bitcoin Retreats to $62,000, Ether Drops to $3,100 as Crypto Market Sees Notable Slowdown
The overall crypto market, after witnessing a bull run earlier this month, is presently undergoing some notable volatility. Bitcoin on Wednesday, March 20 reflected a loss of 5.38 percent. The trading value of crypto market’s most expensive asset currently stands…
Polygon Labs Team With Immutable, King River Capital to Announce Inevitable Games Fund
The Web3 gaming sector is on the cusp of going mainstream with notable game publishers now shifting their focus towards emerging fresher technologies. In order to attract web3 game developers to put their best foot forward, three parties have formed…
Bitcoin Grabs Attention of World’s Largest Pension Fund Based in Japan
Bitcoin, the most expensive asset of the crypto sector, is seemingly grabbing the attention of Japan’s pension fund. The largest pension fund in Japan is considering diversifying investment portfolios, splitting focus from traditional assets. The information was disclosed by Japan’s…
Changpeng Zhao Announces New Project ‘Giggle Academy’ Despite Potential Legal Uncertainty
After maintaining a distance from the social networking space, Binance founder and former CEO Changpeng Zhao seems to be on track for a comeback. In a post on X, Zhao said he is going to be launching a new project…
Dubai-Based Economic Freezone DIFC Gets Rules to Govern Web3 Firms: All Details Here
Dubai, the emerging global hotspot for Web3 activities and businesses, has taken another crucial step to make things more lucrative for interested folks. A layer of regulations dedicated to overseeing the Web3 sector, has been laid upon the Dubai International…
Metaverse to Supercharge Upcoming Industrial Revolution: World Economic Forum
The metaverse technology, that creates hyper-realistic virtual ecosystems, is grabbing the attention from the manufacturing sector in the US. This detail has been disclosed in a recent report published by the World Economic Forum (WEF). The metaverse is poised to…
MicroStrategy’s X Account Hacked, Over $440,000 Estimated Stolen Via Fake $MSTR Airdrop Links
MicroStrategy, a pro-Bitcoin business intelligence firm, is not airdropping any crypto token represented as MSTR. In the early hours of Monday, February 26, the X account of MicroStrategy was reportedly hacked by notorious scammers. The account, with over 196,000 followers,…
Bitcoin, Ether Chase New All-Time Highs Despite Incurring Small Losses, Market Stays Volatile
Bitcoin on Monday, March 11 registered a loss of one percent. The most expensive cryptocurrency in existence, Bitcoin is presently trading at the price point of $68,481 (roughly Rs. 56.6 lakh). This is the closest it has come to its…
Explained: Hashed Timelock Contracts in Blockchain Applications
Cryptocurrencies, the unconventional newbie in the world of finance, is laced with hidden or lesser-known features that when put to use, could safeguard funds against losses. One such feature is called the Hashed Timelock Contract (HTLC). An HTLC is a…
Ethereum’s Dencun Upgrade Expected to Dramatically Lower Costs for Layer 2 Blockchains
Using the world’s most commercially successful blockchain ecosystem is about to get much cheaper after the latest software upgrade of the Ethereum network. Referred by developers as Dencun, the update slated for March 13 is expected to dramatically lower expenses…
Bitcoin, Ether Record Big Drops, Overall Crypto Chart Reflects Losses
The overall crypto price chart saw losses on Friday, March 15. Bitcoin, that had been rallying for days, was hit with a notable loss of 7.90 percent. At the time of writing, Bitcoin was trading at $67,765 (roughly Rs. 56.1…
‘Cannot Be Currencies’: FM Nirmala Sitharaman Spells India’s Stance on Crypto
The Web3 sector in India is currently under regulatory maintenance, with the government gradually deploying rules to safeguard the finances involved with the digital assets industry. Finance Minister Nirmala Sitharaman was asked Friday about India’s stance on cryptocurrencies. Sharing her…
Crypto Price Today: Bitcoin Value Currently Over $73,000, Ether Volatile After Dencun Upgrade
Bitcoin on Thursday, March 14 minted a gain of 1.75 percent. The price of Bitcoin, at the time of writing, stood at $73,118 (roughly Rs. 60.5 lakh). Despite the overwhelming market situation, Bitcoin has managed to hold ground over the…
IRCTC Unveils NFT Tickets for Lucknow-Delhi Tejas Trains as Holi-Themed Digital Souvenirs
The digital assets industry in India marked a landmark day on March 13 after the NFT sector got a straightforward acknowledgement from the Indian railways. In a bid to celebrate the spirit of Holi, the IRCTC has unveiled colourful NFT…
‘If Our Regulated Markets Can’t Compete With Crypto…’: SEBI Chief Addresses Investor Migration Concerns
With the advent and now visible growth of cryptocurrencies, traditional market practices are looking at an urgent revamp around the world. Earlier this week, Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (SEBI), highlighted some important…
CoinDCX Launches KnowBitcoin Campaign to Fight ‘No Bitcoin’ Sentiment, Offers BTC Rewards
The crypto sector is currently undergoing a bull run, with Bitcoin trading at its all-time high of over $71,733 (roughly Rs. 59.3 lakh). Taking advantage of all the buzz surrounding BTC at this point, Indian exchange CoinDCX has initiated its…
Crypto Price Today: Bitcoin Hits New All-Time High, Price Exceeds $71,700 for First Time
Bitcoin, for the first time since its inception in 2009, impressively spiked to a trading price of $71,733 (roughly Rs. 59.3 lakh) on Tuesday, March 12. This is Bitcoin’s latest all-time high (ATH) since the company went past the $69,000…
Sony Hints at ‘Super Fungible Tokens’ in Latest Patent Application: All You Need to Know
Sony is trying to carve a new niche within the NFT sector, as hinted by the company’s recent patent application. This new category of digital collectibles that Sony is planning to foray into, via its games, is called ‘Super Fungible…