Category: Cryptocurrency

A relentless wave of optimism is sweeping the nearly $4 trillion (roughly Rs. 3,45,54,041 crore) crypto market, driven by a frenzy of Washington policy moves accelerating its assimilation into regulated finance. The passage of a landmark stablecoin law and broader legislative momentum have injected new legitimacy into the sector, lifting prices and rekindling risk appetite…

North Korean hackers are using a special type of malware known as NimDoor to target macOS computers used at Web3 and crypto firms, according to details shared by a cybersecurity research firm. The threat actors are reportedly using bash scripts to collect and transfer sensitive information, such as browser data, iCloud Keychain credentials, and Telegram…

Most illegal activity happening on cryptocurrency ledgers now involves the tokens known as stablecoins, according to a report released on Thursday by an intergovernmental body that develops policies to protect the global financial system against money laundering and terrorist financing. The findings in the new report from the Financial Action Task Force land just as…

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Bitget crypto exchange has joined forces with India’s cyber-crime focussed Sahyog Portal to help in related investigations. The portal is part of the Indian Cyber Crime Coordination Centre (I4C), that aims to simplify communication between law enforcement agencies and digital service providers during criminal probes. In an announcement shared on Tuesday, Bitget claimed its integration…

With 2024 nearing its end, the year has proven transformative for the crypto industry. From Donald Trump spotlighting cryptocurrencies in the US presidential campaign to Bitcoin’s historic surge past $108,000 (roughly Rs. 92 lakh), the Web3 sector celebrated numerous milestones. Industry stakeholders—including founders, developers, and investors—now anticipate 2025 as a pivotal year, particularly regarding regulatory…

The crypto market is undergoing a period of volatility amid rising global tensions. Bitcoin on Monday, June 23, reflected a price dip of over one percent to trade at $101,270 (roughly Rs. 87.8 lakh) on international exchanges. On Indian exchanges, Bitcoin’s price dropped by about one percent bringing its value to $104,000 (roughly Rs. 90.9…

Union Home Minister Amit Shah said on Saturday that dark web, cryptocurrency, online marketplace and drones continue to pose a challenge for the country and these have to be checked by the joint efforts of law enforcement agencies. Chairing a regional conference on ‘Drug Trafficking and National Security’ here, Shah also asserted that the country…

With the rate of adoption of the digital assets sector on the rise in different parts of the world, more countries are stepping up their efforts to regulate the industry. Authorities from the US and the UK have decided to exchange human resources in order to collaborate on the drafting of crypto regulations. This initiative…

Tether, the issuer of the USDT stablecoin, has decided to move its headquarters from the British Virgin Islands to El Salvador. The development comes after Tether recently acquired the licence of a virtual asset service provider (VASP) in the Central American country. The Web3 firm aims to make the adoption of blockchains and digital assets…

Maha Kumbh Mela 2025 began in Prayagraj on Monday, marking the beginning of one of the biggest religious and spiritual gatherings in the world. This year, Okto Wallet and blockchain-focussed Chaincode Consulting have partnered to offer Poloygon-based NFT tickets to the visitors at the religious event. The initiative is set to add a Web3 element…

The cryptocurrency market experienced a rebound on Wednesday, with most digital assets registering profits. Bitcoin saw a 1.46 percent price increase on international exchanges, trading at $97,433 (roughly Rs. 84 lakh), according to CoinMarketCap data. Similarly, on Indian exchanges like CoinDCX and CoinSwitch, Bitcoin’s price rose by over 1.45 percent, reaching around $103,722 (roughly Rs….

Bitcoin is currently trading at $94,200 (roughly Rs. 80.3 lakh) on international exchanges, amid aggressive acqusition by whales and institutions. The asset’s value rose by 7.80 percent over the past seven days, and saw a marginal 0.12 percent increase on global exchanges on Monday. On Indian exchanges, the Bitcoin price fell by 0.09 percent, and…

An anti-Iranian hacking group with possible ties to Israel announced an attack on one of Iran’s largest cryptocurrency exchanges on Wednesday, destroying nearly $90 million (roughly Rs. 782 crore) and threatening to expose the platform’s source code. A group known as Gonjeshke Darande, or “Predatory Sparrow,” claimed the attack, making it the group’s second operation in two days. On…

Coinbase Global is launching a platform designed to make stablecoins a go-to payment method for online transactions, a potentially big leap forward in the mainstream adoption of cryptocurrencies meant to track the US dollar.  The announcement follows the passage of landmark stablecoin legislation in the US Senate on Tuesday and comes as large retailers have expressed interest in exploring…

The US Senate on Tuesday passed a bill to create a regulatory framework for US-dollar-pegged cryptocurrency tokens known as stablecoins, in a watershed moment for the digital asset industry. The bill, dubbed the GENIUS Act, received bipartisan support, with several Democrats joining most Republicans to back the proposed federal rules. It passed 68-30. The House…

Coinbase is seeking a green light from the US Securities and Exchange Commission to offer “tokenised equities” to its customers, the crypto exchange’s chief legal officer told Reuters.  If granted, the move would allow Coinbase to effectively offer stock trading via blockchain technology, placing it in direct competition with retail brokerages such as Robinhood and…

Bitcoin has been trading within the range of $93,000 (roughly Rs. 78.7 lakh) and $97,000 (roughly Rs. 82.1 lakh) for almost a week now. Ahead of the upcoming FOMC meeting, Bitcoin’s price has risen by over two percent in the last 24 hours. On international exchanges, the most expensive cryptocurrency is trading at $96,490 (roughly…

Trump Media and Technology Group is seeking to launch an exchange-traded fund that will invest in both Bitcoin and Ethereum, the two largest cryptocurrencies, according to a filing with the US Securities and Exchange Commission on Monday. This marks the second cryptocurrency ETF filing from the social media company associated with President Donald Trump in…

Bitcoin reflected modest price gains on Monday, June 16, hinting at a slight recovery over the weekend across both national and international exchanges. On global platforms, the world’s most expensive cryptocurrency edged up by less than one percent to reach $106,645 (roughly Rs. 91.7 lakh). Meanwhile, on Indian exchanges, Bitcoin saw a slightly sharper rise…

Bitget announced Monday that it was joining forces with UNICEF Luxembourg to expand training in Web3 technologies. As part of the initiative, the exchange plans to educate over 3,00,000 individuals across eight countries, including India, Brazil, Malaysia, and Morocco. “Bitget Academy”, the educational arm of exchange, will create a training module that will teach participants…

Coinbase is set to enter the S&P 500 index in the US next week. The index, maintained by the New York-headquartered financial intelligence firm Standard & Poor’s (S&P) Global, lists the 500 leading publicly traded firms in the US. Coinbase’s entry into this elite group makes for a significant moment in Web3 history, as the…

The crypto market has seemingly entered a period of consolidation after a turbulent last week that saw a feud unfold between Donald Trump and Elon Musk. On Monday, June 9, Bitcoin reflected a minor loss of 0.14 percent on international exchanges. At the time of writing, Bitcoin was trading at $105,457 (roughly Rs. 90.3 lakh)…

Tools for Humanity, a startup co-founded by OpenAI’s Sam Altman, is rolling out its eyeball-scanning Orb devices to the UK as part of a global expansion of the company’s novel identification services. Starting this week, people in London, Manchester, Birmingham, Cardiff, Belfast and Glasgow will be able to scan their eyes using Tools for Humanity’s…

Crypto scammers are leveraging AI-driven social engineering tactics to deceive unsuspecting users and swindle them out of their funds. Crypto exchange Bitget highlighted the rising crypto scams in its 2025 Anti-Scam Research Report, compiled with inputs from blockchain security firms SlowMist and Elliptic. The report claimed that an estimated $4.6 billion (roughly Rs. 39,364 crore)…

Coinbase has launched a new crypto credit card in collaboration with US-based payments giant American Express. Called the “Coinbase One Card,” this sleek black metal card features an engraving of the Bitcoin Genesis Block — the original block coded by Bitcoin’s mysterious creator, Satoshi Nakamoto, in 2009. Announcing the launch, Coinbase CEO Brian Armstrong shared…

The overall crypto market registered a steep decline late last night following reports of Israeli airstrikes on Iran, triggering a broad risk-off sentiment. Bitcoin, which had touched the price mark of $110,000 (roughly Rs. 94.7 lakh) earlier this week, saw a drop of 3.22 percent on Friday, June 13. At the time of writing, Bitcoin…

US senators Elizabeth Warren and Richard Blumenthal have written to Meta seeking details on the company’s stablecoin-related plans. The senators have asked Meta CEO Mark Zuckerberg to clarify whether the company intends to launch its stablecoin. Given its mammoth global userbase and the impending final vote on the US stablecoin-focused GENIUS Act, the senators aim…

The CBI on Wednesday said it has arrested a person as part of a crackdown on a cybercrime racket targeting unsuspecting individuals in the USA and Canada by impersonating government officials and tech support executives. The accused, Rahul Arora, was arrested during searches conducted at three locations on Tuesday, a Central Bureau of Investigation (CBI)…

South Korea’s new President, Lee Jae-myung, is moving quickly to deliver on his campaign pledge to allow local companies to issue stablecoins, giving a further boost to one of the world’s most active digital-asset markets. Lee, a progressive leader who defeated his conservative rival in last week’s presidential election, has been a vocal proponent of stablecoin…

The crypto price charts brimmed with greens on Wednesday, June 11 as most cryptocurrencies reflected notable profits. Bitcoin showed a minor price rise of under one percent to trade at $109,500 (roughly Rs. 93.6 lakh) on international exchanges. The asset briefly touched the price point of $110,000 (roughly Rs. 94.06 lakh) before retreating slightly. On…

Stablecoin issuer Circle Internet’s shares climbed 48 percent on Friday, extending a stellar run after a blowout market debut on the New York Stock Exchange a day earlier. New York-based Circle’s stock went as high as $123.49 (roughly Rs. 10,566), nearly four times its $31 (roughly Rs. 2,650) offer price and valuing the company at…

The UK is taking measures to improve the investigation systems around crypto-related crimes. This week, the UK government appointed Andrew Small as the first crypto specialist in the Insolvency Service, which is responsible for the recovery and tracing of assets linked to bankrupt individuals or liquidated companies. Prior to this, Andrew Small was a police…

A team of cybersecurity researchers have found 20 apps on the Google Play Store which were targeting cryptocurrency wallet users. According to a report by a cybersecurity research firm, these crypto-phishing applications impersonated legitimate crypto wallets such as Hyperliquid, PancakeSwap, and Raydium. Threat actors leveraged phishing tactics and compromised or repurposed developer accounts, forcing users…

Zettai, the parent entity of the crypto exchange WazirX, has petitioned the Singapore High Court for a reassessment of its financial restructuring plan. In a fresh filing on June 6, Zettai requested the court to re-evaluate its dismissal of the scheme’s implementation. This approval was initially slated to arrive on May 16; however, the court…

Dubai’s Virtual Assets Regulatory Authority (VARA) has introduced changes to its crypto policies, aiming to tighten risk oversight and ensure investor security. The updated policies will also focus on deploying more control around margin trading and token distribution services. Through these upgrades, the VARA expects to make the crypto ecosystem more scalable. The development comes…

Singapore’s financial authority has responded to feedback received from the crypto industry on its proposed crypto regulations. On May 30, the Monetary Authority of Singapore (MAS) outlined certain requirements to be fulfilled by Digital Token Service Providers (DTSPs) in Singapore. Crypto firms have been directed to halt overseas operations by the end of the month,…

The crypto price charts reflected minor gains next to most cryptocurrencies on Wednesday, June 4. Bitcoin price grew by under two percent in the last 24 hours to trade at $105,501 (roughly Rs. 90.5 lakh) on international exchanges. The asset presently commands a 63.1 percent dominance over the price charts. On Indian exchanges, Bitcoin logged…

Stablecoin issuer Circle Internet’s shares more than doubled in their debut on the New York Stock Exchange on Thursday, firing up the IPO market that has struggled to regain momentum. The New York-based company’s stock opened for trading at $69 (roughly Rs. 5,920) apiece, valuing the stablecoin issuer at nearly $18 billion (roughly Rs. 1,54,356…

On June 5, a fiery feud erupted between US President Donald Trump and Tesla CEO Elon Musk on X, sending shockwaves through the markets. Bitcoin, that was trading at $105,501 (roughly Rs. 90.5 lakh) earlier this week, registered a fall of 2.20 percent in the last 24 hours. With this, Bitcoin’s price on international exchanges…

Uber is reportedly exploring the use of stablecoins once again. During the Bloomberg Tech conference held this week in San Francisco, Uber CEO Dara Khosrowshahi, discussed the company’s ongoing study on the use of stablecoins. Uber is looking to reduce the costs of processing international money transfers, and it is now studying the use of…

Circle Internet on Wednesday priced its upsized US initial public offering at $31 (roughly Rs. 2,660) apiece, raising $1.05 billion (roughly Rs. 9,001 crore), adding fresh momentum to a growing pipeline of late-stage cryptocurrency firms eyeing public markets. Circle and its shareholders sold 34 million shares at $31 (roughly Rs. 2,660) apiece, valuing the company, which…

The Ethereum Foundation (EF) has overhauled its treasury strategy. The non-profit foundation that oversees the development and management of the Ethereum blockchain aims to strengthen the long-term sustainability and growth of the Ethereum ecosystem. The EF has also issued guidelines governing the sale of token and maintenance of internal fiat reserves. The development comes days…

WazirX users who lost their funds in the $230 million (roughly Rs. 1970 crore) hack last year, may have to wait longer to receive reimbursements from the crypto exchange. On Wednesday, the High Court of Singapore rejected WazirX’s restructuring scheme, according to an update posted by the exchange on X (formerly Twitter). This restructuring scheme,…

Australia has introduced new rules to regulate crypto ATMs in order to safeguard citizens from financial risks associated with the technology. The Australian Transaction Reports and Analysis Centre (AUSTRAC) has now enforced a deposit and withdrawal limit of AUD 5,000 (roughly Rs. 2.8 lakh) on crypto ATM transactions. The Australian regulator believes that this strategy…

Cryptocurrency exchange Coinbase knew as far back as January about a customer data leak at an outsourcing company connected to a larger breach estimated to cost up to $400 million (roughly Rs. 3,420 crore), six people familiar with the matter told Reuters. At least one part of the breach, publicly disclosed in a May 14…

US-based brokerage firm Robinhood has officially acquired Luxembourg-headquartered crypto exchange Bitstamp. In an announcement posted on June 2, Robinhood said that it paid $200 million (roughly Rs. 1,709 crore) in cash to complete this acquisition. With this, Robinhood has now added over 50 licences held by Bitstamp to its own network. Johann Kerbrat, the general…

The overall crypto market underwent a period of price correction over the weekend, pushing a majority of cryptocurrencies into losses. Bitcoin on Monday, June 2, reflected a price slip of around two percent bringing its value to $104,948 (roughly Rs. 89.6 lakh) on international exchanges. The oldest and most expensive cryptocurrency traced a similar trajectory…

Meta recently assessed if a portion of its cash holdings could be invested into Bitcoin — the oldest and most expensive cryptocurrency in the world. Despite US President Donald Trump’s pro-cryptocurrency stance, Meta shareholders dismissed the idea at the company’s annual shareholders’ meeting on May 28. Among a host of proposals and plans, the shareholders…

Trump Media and Technology Group will raise about $2.5 billion (roughly Rs. 21,417 crore) to invest in Bitcoin, US President Donald Trump’s social media company said on Tuesday, as it looks to diversify its revenue. The company is raising the funds by selling $1.5 billion (roughly Rs. 12,852 crore) in stock at its last closing price and…

Circle Internet said on Tuesday it was targeting a valuation of up to $6.71 billion (roughly Rs. 57,404 crore) on a fully diluted basis in its US initial public offering, as the stablecoin giant looks to tap into growing optimism around cryptocurrency. New York-based Circle and some existing investors are looking to raise up to $624…

BlackRock plans to acquire about 10 percent of the shares offered in Circle Internet Group’s initial public offering, according to people familiar with the matter, as the worlds of traditional finance and cryptocurrency continue to deepen their ties. The stablecoin issuer and some of its shareholders including co-founder and Chief Executive Officer Jeremy Allaire are seeking to…

The US Securities and Exchange Commission moved to end its legal battle against crypto exchange Binance Holdings, the latest sign of the regulator’s dramatic shift in how it polices cryptocurrency.The regulator and the exchange’s co-founder Changpeng Zhao filed a joint motion on Thursday to stay the case in the US District Court for the District…

Most cryptocurrencies dipped in value on Friday with Bitcoin registering a price drop of under two percent on international exchanges to trade at $106,111 (roughly Rs. 90.8 lakh), as per CoinMarketCap. On Indian exchanges like CoinDCX, Giottus, and CoinSwitch, Bitcoin value dropped under one percent on Friday. BTC is currently listed at $108,350 (roughly Rs….

Among blockchain sectors, Web3 gaming has struggled to keep pace, delivering lacklustre performance compared to the explosive growth of cryptocurrencies over the past year. James Strudwick, executive director of Web3 firm Starknet Foundation, however, believes the Web3 gaming ecosystem has made gradual progress in recent times, even if the growth appears to be sluggish on…

Airtel Founder and Chairman Sunil Mittal has expressed support for regulation of crypto and artificial intelligence (AI) in India. Speaking at an event on Thursday, Mittal urged the government to set clear regulations to oversee the sector. The topic of regulating the digital assets sector was previously broached by the Supreme Court earlier this month….

The US is gearing up to make Bitcoin an integral part of its economy under President Donald Trump. This week, the annual Bitcoin Conference kicked off in Las Vegas, attracting industry leaders from around the globe. On May 28, JD Vance took centre stage at the event to outline the country’s stance on cryptocurrencies. The…

Luxembourg has raised a red flag against the misuse of cryptocurrency firms. In its 2025 National Risk Assessment (NRA) report, the country said that crypto companies were at a high risk of being exploited by money launderers. The report comes at a time when the crypto sector is showing gradual signs of expansion in the…

The crypto market reflected more gains than losses on Wednesday, May 28. Bitcoin price rose by under two percent in the last 24 hours on international exchanges. At the time of writing, BTC was trading at $108,898 (roughly Rs. 93.2 lakh) on global platforms. The most expensive crypto asset exceeded the mark of $111,500 (roughly…

Dubai investors can now purchase tokenised shares of “ready to own” properties, following the launch of the city’s first real estate tokenisation initiative this week. The project is being overseen by the Dubai Land Department (DLD) and the Central Bank of the United Arab Emirates. According to an official announcement issued on May 25, the…

X Money is expected to launch later this year, bringing support for digital payments to X, the microblogging platform previously known as Twitter. Tesla CEO Elon Musk has been teasing the X Money payments service for the past three years. While the billionaire has yet to announce a launch date for the service, Musk recently…

Bitcoin surged past a new all-time high (ATH) of over $111,500 (roughly Rs. 94.6 lakh) last week. As market momentum eased over the weekend, the cryptocurrency consolidated around the $109,000 (roughly Rs. 92.5 lakh) level. On Monday, May 26, Bitcoin posted a modest gain of 1.30 percent, trading at $109,612 (around Rs. 93 lakh) on…

Solana, a prominent name in the blockchain sector, has taken a step further towards integrating Web3 with hardware. Over the weekend, Solana and Swiss watchmaker Franck Muller announced the launch of a limited-edition Web3 enabled luxury watch, priced at CHF 20,000 (roughly Rs. 20.7 lakh). The launch marks the second time Solana has linked its…

The Supreme Court reportedly observed that the issue of regulation for cryptocurrencies in the country must be taken up in consultation with experts. According to a Bar and Bench report, a bench of Justice Surya Kant and Justice NK Singh addressed the lack of crypto regulations in India. The observation was made during the hearing…

Hong Kong’s legislature passed a stablecoin bill on Wednesday that establishes a licensing regime for fiat-referenced stablecoin issuers in Hong Kong, providing regulatory clarity for upcoming stablecoin issuers. Under the new regime, any person who issues stablecoins in Hong Kong – or issues stablecoins backed by Hong Kong dollars, whether within or outside the city – must obtain a licence from the Hong Kong Monetary Authority (HKMA), according to a government press release….

Cetus Protocol, a decentralised crypto exchange and key liquidity provider on the Sui blockchain, said it lost approximately $223 million (roughly Rs. 1,910 crore) in a security breach. The project confirmed the incident in a post on X, formerly Twitter, stating that its smart contracts had been paused “temporarily for safety” and that a full investigation…

Some of the biggest US banks are exploring whether to team up to issue a joint stablecoin, The Wall Street Journal reported on Thursday. The conversations have so far involved companies co-owned by JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and other large commercial banks, the report said, citing people familiar with the matter….

The UK government is set to tighten compliance mandates for crypto firms by deepening the regulatory governance over the sector. In new guidelines issued to improve tax compliance, crypto firms in the UK have been directed to collect user details including transaction data under the Crypto-Asset Reporting Framework (CARF). Paris-based Organisation for Economic Development (OECD)…

HSBC Holdings on Thursday announced a blockchain-backed banking initiative in Hong Kong. The bank said its tokenised deposit service is now available to Hong Kong-based corporate clients. This is the first bank-led blockchain payment system to be introduced in the region. HSBC clients who hold corporate wallets will be able to process instant USD to…

The US is currently prioritising a stablecoin-focused bill as part of its broader effort to establish a comprehensive regulatory framework for the crypto industry. Known as the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, the proposed legislation seeks to introduce clear guidelines for the issuance and management of stablecoins—cryptocurrencies that are pegged…

Bitcoin surged past the $111,000 (roughly Rs. 95.09 lakh) mark on international exchanges over the past 24 hours. As of Thursday, May 22, it was trading at $111,593 (roughly Rs. 95.6 lakh), reflecting a gain of around four percent, according to CoinMarketCap. Indian exchanges also recorded a notable uptick, with Bitcoin rising by about five…

US President Donald Trump is set to host a special dinner for the largest holders of his $TRUMP memecoin on May 22. President Trump is reportedly expected to dine with 220 holders of the “Official Trump” token at the Trump National Golf Club in Potomac Falls, Virginia. On the heels of the upcoming event, the…

Bitcoin, for the first time in four months, surged over the price point of $107,000 (roughly Rs. 91.5 lakh) on Wednesday, May 21. The most expensive crypto asset rose by nearly two percent on global exchanges in the last 24 hours. Bitcoin is retailing at $107,616 (roughly Rs. 92.1 lakh) on international platforms, data by…

Coinbase was recently impacted by a data breach, and the crypto firm is now working with US law enforcement agencies to identify the cybercriminals behind the attack. The exchange has reportedly claimed that its contractors and employees who were bribed to leak userdata to the criminals were from India. The US Department of Justice (DoJ)…

Ripple has launched support for cross-border crypto payments in the UAE. The XRP issuer has partnered with two UAE-based banks, the Zand Bank and Mamo, to enable cross-border payment solutions as well as on and off-ramp services for banks, crypto firms, and fintechs from around the world. The US-based crypto firm announced the development via…

Coinbase’s troubles after a recent user data breach have intensified on the legal front over the weekend. At least six lawsuits have been filed against the US-based exchange following the cybersecurity incident, a report by CoinTelegraph claimed on Monday. The exchange, in these legal filings, has been accused of failing to protect user security and…

Bitcoin’s price saw a slight price drop on Monday, as the values of most cryptocurrencies fell over the weekend. The price of the world’s largest cryptocurrency dropped by less than one percent on international exchanges over the past 24 hours. At present, Bitcoin is trading at $102,845 (roughly Rs. 87.9 lakh) on global platforms, as…

The US is likely to get the draft of its crypto laws ready by August this year. In order to finalise these regulations, the US SEC’s Crypto Task Force is meeting with industry stakeholders to voice important concerns related to the management of the crypto sector. This week, the roundtable discussion focussed on tokenisation of…

Summer Mersinger, a commissioner of the US Commodity Futures Trading Commission (CFTC), is set to leave her position and take up a Web3-focussed role in the US. Starting June 2, Mersinger will serve as the CEO of the Blockchain Association, a Web3 advocacy group based in Washington DC. The association is currently working with US…

Coinbase recently disclosed a cyberattack on its network. As part of the attack, cybercriminals managed to steal funds from exposed users under false claims. The crypto exchange said it will voluntarily reimburse users affected by the data breach. In a filing with the US Securities and Exchange Commission (SEC), the exchange preliminarily estimated that these…

WazirX recently concluded the customer voting on its restructuring scheme designed to compensate users affected by the hack incident in July last year. After a majority of creditors voted in favour of the proposal, the exchange reported the development to the Singapore High Court, seeking a final nod to start the reimbursement process. However, the…

Bitcoin’s price rose by 1.30 percent on international exchanges on Friday, even as the overall crypto market shows signs of instability. The digital asset is now trading at $104,010 (roughly Rs. 89.09 lakh) on global platforms, as per CoinMarketCap. Meanwhile, on Indian exchanges, the value of the asset rose by nearly two percent to trade…

Coinbase confirmed a customer data breach on its platform Thursday and claimed a group of rogue overseas support agents recruited by cyber criminals were responsible for the attack. In a video message posted on X, Coinbase CEO Brian Armstrong said cyber attackers wrote to the exchange, claiming they had obtained personal data of a portion…

The Ethereum ecosystem is beefing up its security capabilities with a new initiative called “Trillion Dollar Security”. The Ethereum Foundation unveiled the initiative on May 14, expecting to load up the blockchain with security capabilities that could encourage more entities to explore the on-chain world. Fredrik Svantes, the protocol security lead at Ethereum, and Josh…

FalconX, the US-based digital assets broker, announced on Wednesday is set to offer banking services to institutional clients, as part of a new partnership with Standard Chartered. The crypto platform claims that it executes over $1.5 trillion (roughly Rs. 1,27,97,325 crore) in trading value and serves over 600 institutional clients. Both the firms pointed to…

Bitcoin’s price rose by 1.02 percent over the last 24 hours on international exchanges and the asset was trading at $103,740 (roughly Rs. 88.5 lakh) on Wednesday, according to CoinMarketCap. This is the third day that the price of Bitcoin has remained steady above $103,000 (roughly Rs. 87.9 lakh). On Indian exchanges, Bitcoin rose by…

Dubai’s Department of Finance (DOF) plans to use cryptocurrencies to process payments for government services in the emirate. In the days to come, residents of Dubai will be able to pay for government services using cryptocurrencies. On Tuesday, May 13, the DOF announced a partnership with Crypto.com, onboarding it as the crypto payment facilitator. Dubai…

Meta has reportedly been exploring the use of stablecoins for international payouts, but the firm may face regulatory challenges in the US. Over the weekend, US Senator Elizabeth Warren snubbed the idea of letting Big Tech companies dive too deep into the stablecoin sector. In an interview with CoinDesk, Warren said that Big Tech’s introduction…

Illegal crypto mining operations in Malaysia spiked by 300 percent between 2018 and 2024, Malaysian publication The Star reported Monday, citing the country’s largest electricity utility company, Tenaga Nasional Berhad (TNB). In 2018, a total of 610 illegal mining cases were reportedly identified in Malaysia and the number spiked to 2,397 last year. Law enforcement…

Bitcoin on Monday, May 12, reflected a miniscule loss of 0.15 percent to trade at $103,890 (roughly Rs. 88 lakh) on international exchanges. Over the weekend, US President Donald Trump announced a “total reset” in US-China trade relations following high-level talks in Geneva. The crypto market reacted to the development with optimism. Bitcoin maintained its…

The Ethereum blockchain completed its latest Pectra upgrade on May 7. The aim of introducing this upgrade is to upscale the experience and reward generation for Ethereum validators. Now that the Pectra upgrade is live, network validators can stake 2,048 ETH tokens, a notable rise from the previous limit of 32 ETH tokens. This allows…

The Office of the Comptroller of the Currency (OCC) has allowed banks in the US to offer services like crypto custody and management to their customers. The move adds to the list of steps that US President Donald Trump’s government has taken recently to replace the crypto-related policies introduced by the previous administration. Acting Comptroller…

Alex Mashinsky, the founder and former chief executive of bankruptcy cryptocurrency lender Celsius Network, was sentenced on Thursday to 12 years in prison after pleading guilty in December to securities fraud and commodities fraud. Mashinsky’s sentence was imposed by US District Judge John Koeltl in Manhattan, and is among the longest in a criminal case…

Meta is exploring the use of stablecoins to manage payouts for international creators, according to a report. Meta CEO Mark Zuckerberg’s firm is said to be in discussions with crypto firms as part of the company’s plans to begin using stablecoins in partnership with a number of crypto firms. For now, these discussions are said…

The integration of blockchain technology with the automotive ecosystem is projected to expand significantly over the next five years. A report by Allied Market Research (AMR) has estimated that the global automotive blockchain market is on the track to hit the $5.6 billion (roughly Rs. 47,801 crore) mark by 2030. Its compound annual growth rate…

The crypto market rallied over the last few hours, after US President Donald Trump announced a US-UK trade deal. Bitcoin’s price shot up to $102,722 (roughly Rs. 88.1 lakh) on Friday, as the value of the digital asset rose by 3.9 percent on international exchanges. This is the first time in over two months that…

Bhutan will soon allow the use of cryptocurrencies in the tourism sector. The country has announced the launch of a crypto payment system that lets users make crypto payments using Binance Pay. The aim is to incentivise tourists with cheaper alternatives to dodge currency exchange rates and limitations in the acceptability of international cards. Tourism…

In 2024, crypto crimes led to losses of over $2 billion (roughly Rs. 16,877), with Chainalysis calling the figure a troubling milestone. The on-chain analysis firm also claimed that the number of hacking incidents rose from 282 in 2023 to 303 in 2024, powered by more sophisticated techniques and mechanisms. In conversation with Gadgets 360,…

Tether has announced that it recently upgraded its on-chain threat detection capabilities. The issuer of the USDT stablecoin said that Hadron, its real world assets (RWAs) tokenisation platform, has been equipped with on-chain intelligence tools from Chainalysis. With the new partnership, Hadron will have access to compliance tools created by Chainalysis, as part of Tether’s…

Kenya has ordered Sam Altman’s World Web3 project to delete collected biometric data of its nationals. The Nairobi High Court said that the controversial human ID project failed to acquire valid consent from the Office of the Data Protection Commissioner (ODPC) before obtaining the eye scans of Kenyan citizens to give them their World IDs….

The UK, that is eyeing to finalise its crypto regulations by 2026, has dismissed the creation of a national crypto reserve. Emma Reynolds, the Economic Secretary to the Treasury, spoke about the country’s stance on accumulating a crypto stockpile at the Financial Times Digital Asset Summit in London on Tuesday. The statement comes after the…

Kyrgyz Republic has partnered with Binance in an attempt to boost the adoption of crypto related technology in the country. The government of the Kyrgyz Republic signed a memorandum of understanding (MoU) with Binance on Sunday, as part of a long-term partnership. Sadyr Japarov, the President of the land-locked central Asian country, was present for…

The Maldives is preparing for a crypto-focused overhaul, funded by a Dubai-based family office called MBS Global Investments, according to a report. Moosa Zameer, the finance minister of the Maldives, divulged some details on the development during a video interview with the Financial Times on Sunday. As per the report, MBS Global Investments is set…

Bitcoin saw its price drop over the weekend, days after it rose to $97,000 at the end of last week. On Monday, Bitcoin’s price fell by nearly two percent on international exchanges, where it was trading at $94,407 (roughly Rs. 79.5 lakh). On Indian exchanges, the price of BTC slipped by 2.25 percent, bringing its…

The crypto market, while still slowed down, is seemingly stabilising after going through a rough April. Stepping into May, the markets are showing signs of consolidation, analysts told Gadgets 360. On Thursday, May 1, Bitcoin reflected a minor price dip of 0.17 percent to trade at $94,920 (roughly Rs. 80 lakh) on international exchanges. On…

Crypto enthusiasts descended on Dubai on Wednesday, gathering under the Gulf’s scorching sun and hoping the industry’s buoyant mood can keep going despite signs the euphoria around Donald Trump’s crypto stance is ebbing. Speakers at the two-day event in the desert city include chief executives at some of the world’s major crypto firms, the head of digital assets at BlackRock and Goldman Sachs, as well as…

Ripple has proposed a takeover of rival stablecoin provider Circle Internet Group Inc. for $4 billion (roughly Rs. 33,843 crore) to $5 billion (roughly Rs. 42,300 crore), a bid that was rejected as too low, according to people familiar with the matter. While Ripple remains interested in Circle, it hasn’t decided whether to make another offer,…

Bitcoin showed signs of a significant price recovery on Friday, and the world’s oldest cryptocurrency continues to rise towards $100,000. On Friday, Bitcoin’s price rose by nearly four percent over the last 24 hours to hit $96,845 (roughly Rs. 81.2 lakh) on international exchanges. On Indian crypto exchanges, Bitcoin price rose by around two percent…

The Bharat Web3 Association (BWA) has announced a cybersecurity workshop that will be conducted in Bengaluru on May 8. During the upcoming event, the BWA will discuss security challenges related to crypto exchanges and wallets. Representatives from multiple crypto firms like Coinbase and Bitgo have been listed as speakers for this workshop. The BWA is…

Visa is hopping aboard the stablecoin hype with its latest partnership with Bridge, a Web3 subsidiary of fintech firm Stripe. The US-based payment cards giant said that developers using Bridge to create their apps can now offer stablecoin-linked Visa cards to their end customers across multiple nations as part of this partnership. Bridge is a…

The USD1 stablecoin, backed by US President Donald Trump, has been picked as the mode of payment for MGX’s purchase of a minority stake in Binance. The development was reportedly announced by Trump’s 41-year-old son, Eric, at the ongoing Token2049 event in Dubai. Addressing the attendees on Thursday, May 1, Trump claimed that the USD1…

The new head of the US Securities and Exchange Commission on Friday said that the agency has stifled innovation for the cryptocurrency sector by fostering “regulatory uncertainty” in prior years. “Market participants engaging in this technology deserve clear regulatory rules of the road,” Paul Atkins said in his first remarks since being sworn in as…

Mastercard has announced a payment ecosystem allowing buyers and merchants to make and receive payments using stablecoins. The US-based card payment giant teamed up with Seychelles-headquartered OKX crypto exchange to launch a new card, while another partnership with Canadian payment processing firm Nuvie will allow businesses to accept stablecoin payments. Stablecoins are crypto assets that…

A group of Abu Dhabi-based institutions on Monday announced plans to launch a stablecoin, pegged to the United Arab Emirates Dirham (AED). The group comprises Abu Dhabi’s ADQ sovereign wealth fund, the First Abu Dhabi Bank (FAB), and investment firm International Holding Company (IHC). The stablecoin will be regulated by the Central Bank of the…

Coinbase and Animoca Brands have joined a group of institutional investors to announce an accelerator initiative in the UK, focused on Web3 projects. Fabric Ventures and Founders Factory are also part of the programme, that will allow promising Web3 startups to gain financial aid of up to GBP 250,000 (roughly Rs. 2.85 crore). The firms…

The crypto market in countries like India and Sri Lanka are maturing at a rapid pace, according to a survey by Binance. The exchange says that the demand for advanced security measures is intensifying in Asia’s crypto markets, where investors are cautious and frequent in their engagements with volatile crypto assets. India, Vietnam, and Thailand…

Bitget has partnered Avalanche as part of the latter’s efforts to invest in the Web3 sector in India. Aimed at driving grassroots-level adoption of Web3 technology in the country, the partnership was announced by the Web3 firms on Monday. While Bitget is a Seychelles-based crypto exchange, Avalanche is an open-source layer-1 blockchain created at Cornell…

Circle, the issuer of the USDC stablecoin, says that the circulation of the digital asset clocked a year-on-year growth of 78 percent. Around November 2024, the company revealed that the monthly transaction volume of the USDC token touched the $1 trillion (roughly Rs. 86,39,270 crore) mark. The company states in a report that since its…

Bitcoin reflected profits on both national and international exchanges on Monday after a period of decline following US President Donald Trump’s announcement of widespread tariffs on US imports. On international platforms, Bitcoin rose in price by 2.61 percent to trade at $87,373 (roughly Rs. 74.5 lakh). On Indian exchanges, its price hovered over the mark…

Bitcoin price hit a six-week high on Wednesday. The price of the world’s most widely used digital asset rose by six percent to reach $93,455 (roughly Rs. 79.8 lakh) on international exchanges, as per CoinMarketCap. On Indian exchanges, Bitcoin’s price jumped by nearly seven percent over the past 24 hours. Data by CoinSwitch and CoinDCX…

Bitcoin’s price continued its rise on national and international exchanges on Friday. The most valuable crypto asset rose by less than one percent to trade at $93,400 (roughly Rs. 79.7 lakh) on global platforms. On Indian exchanges, Bitcoin is currently trading within the range of $93,086 (roughly Rs. 79.4 lakh) and $93,962 (roughly Rs. 80.2…

US banking regulators announced on Thursday they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities. The Federal Reserve said it was withdrawing a pair of supervisory letters stipulating that banks should seek advance approval from regulators before engaging in crypto-asset and stablecoin activities. In addition, the Fed joined the Federal Deposit Insurance Corporation and Office of the Comptroller…

The Financial Intelligence Unit of India (FIU-IND) has reportedly instructed all crypto exchanges to verify the know your customer (KYC) data collected from users based in India, by the end of June. The KYC details that are older than 18 months will need to be refreshed by all operational exchanges. Mudrex and Pi42 confirmed the…

PayPal will start offering rewards to PYUSD stablecoin holders in a bid to boost its adoption and use in the coming months. Bloomberg was first to report on PayPal’s plans, stating that PYUSD users will be able to earn 3.7 percent annually on their holdings once this initiative is rolled out. Later, PayPal CEO Alex…

The Central Bank of Russia and the country’s Finance Ministry are planning to launch an experimental crypto exchange in the coming days. The step is part of Russia’s roadmap of gradually legalising cryptocurrencies. Finance Minister Anton Siluanov was addressing a ministry meeting this week, when he shed light on the plans, according to reports from…

Malaysian Prime Minister Anwar Ibrahim met Binance Co-Founder Changpeng Zhao on April 22. The aim of the meeting was to discuss Malaysia’s approach to engage with Web3 technologies like blockchain and digital assets. PM Ibrahim posted details about the meeting on X (formerly Twitter), claiming that he wishes to transform the Asian nation into a…

Bitcoin surpassed Big Tech firms like Google, Amazon, and Meta to become the fifth-largest asset by market cap on Wednesday. The valuation of the oldest and most expensive crypto asset climbed to $1.86 trillion (roughly Rs. 1,58,87,400 crore) on Wednesday. This takes Bitcoin’s valuation significantly higher than that of silver as well. Bitcoin is behind…

Paul Atkins has been sworn in as the 34th chairperson of the US Securities and Exchange Commission (SEC). US President Donald Trump had nominated Atkins for the role earlier this year. The US Senate also confirmed its support for Atkins to take up the role this month. With him at the helm, the SEC will…

Circle is planning to launch an international payments network that will allow large corporations to complete settlements via stablecoins. The issuer of the USDC stablecoin released a whitepaper this week detailing possible ways in which stablecoins can upgrade the global payment systems. This system is dubbed the Circle Payments Network (CPN). It has been designed…

Ethereum, touted as the most commercial blockchain in existence, is set to undergo a significant upgrade in the coming days. Dubbed “Pectra”, the upgrade is aimed at improving Ethereum’s efficiency, stability, and usability. Initially, the upgrade was slated to be completed around early April, however, owing to the ongoing tests on the upgrade its deployment…

Binance is refreshing the database of its user details in India, the exchange said in an official announcement over the weekend. Binance’s India users have been directed to re-verify their Know-Your-Customer (KYC) details. This instruction will apply to both the new as well as the existing users of the exchange. Access to Binance was restored…

Up Network and DreamSmart have collaborated to unveil what the companies call the world’s first Web3- focused smart glasses with artificial intelligence (AI). Equipped with Google’s Gemini AI, the smart glasses offer real-time contextual artificial intelligence. Up Network has developed an AI agent operating system to improve human-machine interactions, while DreamSmart’s technology specialises in advanced…

Jio Platforms Ltd. (JPL) has announced a partnership with the Polygon blockchain as it plans its venture into Web3 technology. Reliance’s telecom subsidiary, Jio is looking to introduce features that rely on Web3 technology, on its existing features that are available to over 450 million users. JPL is looking to explore new capabilities offered by…

Top Republican officials at the US Securities and Exchange Commission are poised to begin overhauling the agency’s cryptocurrency policies potentially as early as next week when President-elect Donald Trump takes power, said three people briefed on the matter. Among the measures commissioners Hester Peirce and Mark Uyeda are weighing are initiating the process that would…

Dubai is set to get a landmark ‘Crypto Tower’ building by 2027. The 17-storey building will be located at the Dubai Multi Commodities Centre (DMCC). According to a blog post by the government entity, the 150,000 sq ft complex will use blockchain technology and smart contracts to process its tenant management system. The building will…

President-elect Donald Trump is planning to release an executive order elevating crypto as a policy priority and giving industry insiders a voice within his administration, according to people familiar with the plans. The order is expected to name crypto as a national imperative or priority — strategic wording intended to guide government agencies to work…

Bitcoin registered profits on both national and international exchanges on Monday, April 14. According to CoinMarketCap, Bitcoin price rose by less than one percent to trade at $84,850 (roughly Rs. 73 lakh). However, the most expensive crypto asset grew by 10 percent over the last seven days to claim this price point. On Indian exchanges,…

South Korea is taking serious steps to curb the operations of unregistered crypto businesses in the country. This week, Apple blocked the apps of 14 crypto exchanges from its App Store in South Korea for not being in compliance with the country’s licensing regime. The Financial Services Commission (FSC) confirmed the development this week, claiming…

Bitcoin on Wednesday, April 16 reflected minor but notable losses on both national as well as international exchanges. The most expensive cryptocurrency fell by 2.60 percent on global platforms to trade at $83,350 (roughly Rs. 71.4 lakh), showed CoinMarketCap. Data on Indian exchanges like CoinDCX and CoinSwitch showed BTC trading at $86,150 (roughly Rs. 73.8…

Standard Chartered Bank estimates the size of the stablecoin market could surge by about 10-fold to $2 trillion (roughly Rs. 1,71,29,830 crore) within the next three years after the expected passage of US legislation that seeks to provide a regulatory framework for the cryptocurrencies.    That would likely require an extra $1.6 trillion (roughly Rs. 1,37,05,008 crore)…

Polygon Labs plans to concentrate on preparing for a rising and anticipated boom in the stablecoin market. In conversation with Gadgets 360, Polygon founder Sandeep Nailwal said that the institutional interest in stablecoins has risen significantly, and industry players have started to prepare to cater to the demands around stablecoin custody and services. Polygon is…

Crypto exchange Binance said it briefly stopped allowing users to withdraw from the platform on Tuesday, due to an issue involving an Amazon Web Services (AWS) data centre, while other crypto exchanges also reported problems. Binance posted on X that withdrawals were suspended “to keep safe”, before posting around ten minutes later that withdrawals had…

US President Donald Trump announced the creation of separate reserves for Bitcoin and other cryptocurrencies in the US last month, in a boost for the digital assets sector. The decision prompted Sweden and South Korea to open dialogue around considering Bitcoin as a potential reserved asset. There’s currently no word on whether the Government of…

The OM token, the native cryptocurrency of the Mantra blockchain, registered a sudden and drastic drop over the weekend. The token fell by 90 percent in value, from $6 (roughly Rs. 515) to $0.70 (roughly Rs. 60.5), raising alarms across the crypto community. Speculations suggesting a potential rug pull flooded social media soon after the…

Google will update its cryptocurrency advertisement policies in the European Union (EU) to align with the bloc’s MiCA regulations later this month. The EU emerged as one of the world’s first regions to introduce regulations that govern the digital assets, and its Markets in Crypto-Assets (MiCA) rules went into effect in December 2024. Google’s updated…