Page 11 - Cryptocurrency

CBIC seeks details on digital assets from India's top crypto bourses

Crypto exchanges have been asked to furnish details this month itself

Crypto wrap: Markets rally on expectation of softer stance from US Fed

Bitcoin crossed the $ 20,000 mark, and Ethereum was above the $ 1,500 mark for the first time since it concluded "Merge" in September

Binance confirms equity investment in Elon Musk's Twitter buyout deal

Binance Holdings, the world's largest cryptocurrency exchange, confirmed that it's an equity investor in Elon Musk's $44 billion acquisition of Twitter Inc

NFT fever high among Indian celebrities, consumers still catching up

The overall value of the NFT market is expected to rise to $231 billion by 2030, says report

Three Indian crypto exchanges under lens for Rs 28,000 crore drug trade

Around 200 transactions conducted in Nigeria, the Cayman Islands and the British Virgin Islands, have been zeroed upon by the FIU, these were routed through exchanges located in India

Ethereum's dominance in global crypto market up 20% after 'Merge' upgrade

The dominance of Ethereum, the second largest cryptocurrency after Bitcoin, is up 20 per cent in the global crypto market following the 'Merge', a report shpowed on Wednesday

Crypto Exchange FTX to provide $6 million phishing compensation to users

Digital-asset exchange FTX will provide about $6 million compensation to its account holders impacted by a phishing incident via a third-party website

Apple Inc issues new app store guidelines for crypto and NFT payments

Apple Inc. updated its App Store guidelines Monday with new and clearer language explaining its policy toward cryptocurrency trading and non-fungible tokens

Crypto weekly wrap: Experts see Bitcoin at 19,600, Ethereum at 1,300 soon

After the release of the UK's inflation data showing inflation for September at 10.1 per cent, the crypto markets plunged

Shardeum raises $18 mn in seed round from a clutch of 60 investors

WazirX founder Nischal Shetty, also co-founder Shardeum, says crypto world needs to work with regulatory bodies

Interpol's crack team to 'follow the money' in crypto crimes, says official

Red corner notice not tantamount to international arrest warrant: Jürgen Stock

Crypto weekly wrap: Tokens recover after plunging post-US inflation data

Bitcoin rose by almost 4 per cent after dropping to its lowest at $18,300 post-US inflation data was released

FM Sitharaman calls for effective tax reporting regime on crypto assets

Finance Minister Nirmala Sitharaman on Thursday called for an effective tax reporting regime and information exchange between jurisdictions for crypto assets to combat offshore tax evasions. Participating in the G20 Finance Ministers and Central Bank Governors meeting here on the sidelines of the annual meetings of the IMF and the World Bank, Sitharaman intervened on a number of critical issues, including infrastructure, investments and international taxation. On scaling up sustainable and digital infrastructure investments, she highlighted the need to leverage private sector participation. She also spoke on mobilising finance at sub-national level for inclusive and quality infrastructure. The last session of the ongoing G20 meeting saw discussions on the progress made on the agenda of international taxation during this year. On the two-pillar solution, the finance minister called for participative engagement of all jurisdictions in negotiations and prioritising capacity building.

Crypto hackers set for record year after looting over $3 billion: Report

Hackers have become adept at exploiting weaknesses in the security, coding and structure of DeFi marketplaces

Crypto industry's winter deepens as trading volumes plunge, funds dry up

Volumes tumble over 80% in Jan-Sept; several entities receive 'drawdown notices' from investors

31 lose money after investing in crypto cloud mining app in Maharashtra

Thirty one people from Solapur city in Maharashtra have allegedly been cheated of Rs 45 lakh after they made investments through a crypto cloud mining app, police said citing complaints. Cloud mining is a mechanism to mine a cryptocurrency, such as bitcoin, using rented cloud computing power and without having to install and directly run the hardware and related software. "The investors were asked to download the CCH Cloud Miner App and the crypto trading app. They were asked to convert their Indian currency into dollars using the crypto trading app and were made to invest in the CCH Cloud Miner App," a police official said on Tuesday. So far, 31 people have approached the police with complaints of cheating, he said, adding that some of the investors received returns initially. "We have registered a case against three persons who had lured people to download the app and invest money under the pretext of offering hefty returns," police inspector Udaysinh Patil said. The trio is in

At least 30 people from Solapur lose money on crypto cloud mining app

More than 30 people from Solapur city in Maharashtra have allegedly been cheated of Rs 45 lakh after they invested through a crypto cloud mining app, police said on Tuesday citing complaints. Police said a case will be registered against three persons who had lured people to download the app and invest money under the pretext of offering hefty returns. The trio is in the jewellery business in Solapur, said a police officer. He said so far 30 people have approached the police with complaints of cheating. "Investors were asked to download the CCH Cloud Miner app and the crypto trading app. They were asked to convert their Indian currency into dollars using the crypto trading app and were made to invest in CCH Cloud Mining App," the officer said. He said some investors received returns initially. Cloud mining is a mechanism to mine a cryptocurrency, such as bitcoin, using rented cloud computing power and without having to install and directly run the hardware and related software.

Indian-origin Sikh on trial for $10.4-mn crypto bungle in Melbourne

An Indian-origin Sikh and his partner, who received $10.4 mn from a cryptocurrency company by mistake, will face trial in Australia over allegations that they spent the money

Crypto.com labels mass layoff of 2,000 employees report as 'inaccurate'

Cryptocurrency exchange Crypto.com has said that the report suggesting that it laid off over 2,000 of its employees was "incorrect", media reports say

OECD releases global framework for exchange of info on cryptocurrencies

The exchange of information on cryptocurrency between countries will become automatic under the new framework propsed by OECD