Page 15 - Cryptocurrency

WazirX controversy bares crypto's vault of trade secrets in India

The ED found that large amounts of funds were diverted by the fintech companies to buy crypto assets and then launder them abroad

Jaipur's crypto startups Suncrypto facilitating easy crypto investment

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Crypto wrap: Market participants coming out of bear phase, experts suggest

In the last seven days, Bitcoin rose nearly 3 per cent, and Ethereum gained 13 per cent. The total crypto market cap rose from $1.03 trillion to $1.1 trillion

Crypto derivatives volumes surge to $3.12 trillion in July: Report

The derivatives market now makes up 69% of total crypto volumes, up from 66% in June, and helped push overall crypto volumes on exchanges to $4.51 trn in July, CryptoCompare said

Hackers exploited crypto platform RenBridge to launder $540 mn: Reports

More than half a billion dollars have been laundered in crypto assets originating from theft, fraud, ransomware and various other types of criminal activity since 2020, a new report has revealed

Ten crypto exchanges under ED lens for allegedly laundering Rs 10 billion

Many investors were traced based on their KYC details available with these crypto exchanges, but they were found to be fake or different from the real ones

Letting ED add its chilling effect to crypto winter will kill the industry

A couple more scandals, and the ED may achieve the shutdown the RBI has long wished for: The considerable talent India has in this area will flee to more welcoming jurisdictions like Dubai

CoinSwitch launches $10 mn fund to support start-ups, blockchain tech

Web3 Discovery will give entrepreneurs access to investors like Tiger Global, Ribbit Capital, Coinbase Ventures

Ripple Labs interested in bankrupt crypto lender Celsius' assets

Ripple has continued to grow through the crypto market turmoil and "is actively looking for M&A opportunities to strategically scale the company," the spokesperson said.

Coinbase reports $1.1 billion in net loss, revenue drops 60% in Q2

Largest cryptocurrency exchange Coinbase has reported massive loss in both revenue and profit in the June quarter -- logging $1.1 billion in net loss as revenue declined

No-tolerance policy on illegal activities: Crypto exchange WazirX

Crypto exchange says it has a no-tolerance policy towards illegal activities

Crypto mixer Tornado's accounts disabled after US sanctions: Report

Tornado Cash allowed users to obfuscate their crypto transactions; the Treasury alleged that North Korean hackers and other entities had relied on it to launder illicit gains totaling more than $7 bn

Tornado's crypto token TORN nosedives after US imposes sanctions

North Korea's Lazarus Group used Tornado to launder money stolen in large crypto hacks, according to US authorities

Binance ceases off-chain fund transfer with WazirX after ED raids

Users will still be able to deposit and withdraw balances via the standard withdrawal and deposit process between Binance and WazirX, says Binance executive

WazirX, Binance engage in war of tweets; investors worry about future

The ED has found major amount was diverted to WazirX and the crypto assets so purchased have been sent to unknown foreign wallets

Instant app-based loan case: Nine crypto exchanges under ED scanner

Rs 64.67-crore bank accounts of WazirX frozen under PMLA after search ops

Twitch gambling boom is luring gamers into crypto casinos: Report

For years, offshore gambling has been a thorn in the side of US regulators

Crypto wrap: RBI MPC unlikely to impact global crypto prices, say experts

The Reserve Bank of India (RBI), on Friday, hiked the repo rate by 50 basis points for the second consecutive time to 5.4 per cent

ED freezes over Rs 64-crore bank deposits of crypto exchange WazirX

The federal agency said it conducted raids against a director of Zanmai Lab Pvt Ltd, which owns WazirX, on August 3 in Hyderabad and alleged he was "non-cooperative".

Coinbase's BlackRock pact reinforces crypto status, burns shorts

For Coinbase investors, the news is a much-needed signal that its status as a giant in the crypto sector remains rock solid