Category: Cryptocurrency

Crypto prices are on the rise again, ahead of the inauguration of US President-elect Donald Trump on January 20. On Friday, Bitcoin’s price rose by 2.09 percent on international exchanges to trade at $101,526 (roughly Rs. 87.8 lakh) on global platforms, according CoinMarketCap data. The price of Bitcoin also rose by 1.5 percent on Indian…

Malaysia could soon join other nations that are working on policies that govern the integration of cryptocurrencies and blockchain-related technologies into their financial systems. Earlier this week, Malaysian Prime Minister Datuk Seri Anwar Ibrahim met with UAE officials and Binance representatives to discuss the formulation of a supportive policy framework for cryptocurrencies. The Malaysian PM…

The overall crypto market is bleeding red as tariff wars between the US and other nations continue to rattle investor sentiment. Bitcoin on Monday, April 7 reflected a notable price drop of over eight percent on global exchanges. With this, Bitcoin’s price on international exchanges fell to $76,790 (roughly Rs. 65.7 lakh) — marking its…

Stablecoin issuers and exchanges got a boost Friday from the Securities and Exchange Commission after the agency’s staff determined that the assets, generally, aren’t securities.  That means they won’t have to be registered with the markets regulator.  The determination applies as long as a crypto asset is backed by a stable currency such as the…

Bitcoin reflected a small loss of 1.30 percent on international exchanges owing to market volatility. On Friday, April 11, Bitcoin reclaimed the $80,000 (roughly Rs. 68.7 lakh) mark after dropping to $76,000 (roughly Rs. 65.3 lakh) earlier this week. According to market analysts, Trump’s tariff reprieve and receding inflation are short-term sources of relief, but…

The Internal Revenue Service (IRS) will no longer require certain crypto platforms to report transaction data under President Donald Trump’s administration. In a major policy reversal, Trump has signed an executive order nullifying a rule that would have compelled decentralised exchanges to report their customers’ total digital asset sales to the IRS. Officially titled “Gross…

The US Securities and Exchange Commission (SEC) is overseeing the creation of crypto regulations as per President Donald Trump’s directives. As part of the process, SEC’s Crypto Task Force has scheduled its second roundtable meeting for April 11. The meeting aims to establish rules for safer crypto trading and protect national financial security. Gregory Tusar,…

Bitcoin reflected losses alongside most cryptocurrencies on Wednesday, April 9. The asset dropped by four percent to trade at $76,538 (roughly Rs. 66.2 lakh) on global exchanges. On Indian exchanges as well, Bitcoin value slipped by nearly five percent, bringing its price between $78,494 (roughly Rs. 67.9 lakh) and $80,228 (roughly Rs. 69.4 lakh). The…

The European Securities and Markets Authority (ESMA) has addressed the risks linked to crypto assets at a time when the sector is seeing growth in the European Union (EU). An ESMA official has highlighted that crypto assets still pose a significant threat to financial stability, despite the introduction of the MiCA regulation in the region….

Mastercard is taking a significant step toward broadening the use of crypto assets across Europe and the UK. The global payments leader has partnered with crypto exchange Kraken to facilitate card-based crypto payments for everyday purchases. The collaboration was officially announced in a blog post published by Mastercard on April 8. With its Markets in…

The US Department of Justice (DoJ) has disbanded the National Cryptocurrency Enforcement Team (NCET) that was established by former US President Joe Biden, according to a report. The members of the unit were informed about the development via an internal memo, which said the directive would go into effect immediately. The development comes at a…

Binance has announced a partnership with Worldpay, a leading payment processing company based in Ohio, US. As part of the collaboration, users will be able to purchase cryptocurrencies on Binance using Apple Pay and Google Pay, with transactions routed through Worldpay. The initiative is aimed at making digital assets more accessible by leveraging familiar and…

Over 93 percent of WazirX’s creditors have voted in favour of the company’s proposed restructuring scheme, marking a key step toward reimbursements following last year’s hack. The announcement was shared in a press release on Monday, April 7, by Zettai Pte Ltd., WazirX’s majority shareholder. According to Zettai, a total of 141,476 creditors participated in…

US-based payment platforms PayPal and Venmo have expanded their crypto offering with two new tokens — Chainlink (LINK) and Solana (SOL). PayPal Holdings, Inc., which parents both the platforms, announced the development through an official blog post over the weekend. The company claimed that it analysed the feedback from its user community to list these…

Cryptocurrencies prices are fluctuating as the values of digital assets remain volatile, ahead of US President-elect Donald Trump’s swearing-in ceremony that is scheduled to take place later today. Bitcoin’s price dropped by 2.82 percent over the past 24 hours on international exchanges, according CoinMarketCap data. At the time of writing, the world’s most widely used…

Bitcoin reflected small profits on both national as well as international exchanges on Tuesday, April 1. On global exchanges, the most expensive cryptocurrency registered a growth of 2.03 percent in the last 24 hours. As per CoinMarketCap, Bitcoin is currently trading at $83,133 (roughly Rs. 71 lakh) on international exchanges. On Indian exchanges, meanwhile, Bitcoin…

Circle, the issuer of the USDC stablecoin, is planning to go public this year. The US-based crypto firm recently filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC). If approved, Circle’s stocks will be listed on the New York Stock Exchange (NYSE) as “CRCL”. As part of the listing…

The crypto market momentum appears to have slowed down after US President Donald Trump announced new tariffs. On Wednesday, April 3, Bitcoin reflected a price drop of around two percent on international exchanges. Bitcoin price currently stands at $83,577 (roughly Rs. 71.5 lakh) on global platforms, according to CoinMarketCap. On Indian exchanges, Bitcoin price logged…

Kazakhstan, aiming to advance trials of its digital Tenge CBDC this year, has sought the UAE’s expertise to explore the Web3 sector. In a recent development, the National Bank of Kazakhstan signed an MoU with the Central Bank of the UAE (CBUAE) to collaborate on fintech, cybersecurity, and CBDCs. Kazakhstan also intends to leverage the…

The US is considering rejecting the creation of a Central Bank Digital Currency (CBDC) through the Anti-CBDC Surveillance State Act. Unlike cryptocurrencies, a CBDC is a blockchain-based digital version of fiat currency issued and regulated by a central bank.Republican lawmakers, led by Congressman Tom Emmer, are pushing this bill to prevent financial surveillance of US…

The US is looking to regulate its stablecoin market with comprehensive guidelines. This week, the US House Financial Services Committee passed the proposed stablecoin bill – pushing it to the House floor for a full vote. The committee’s Digital Assets Subcommittee reportedly worked with Tether to draft these regulations, media reports claim. Tether is the…

Jetking, a Mumbai-based IT training firm, plans to expand its Bitcoin holdings in the coming months. Company CFO Siddharth Bharwani said Thursday Jetking would raise Rs. 6.6 crore by selling 4,28,622 equity shares in compliance with SEBI regulations. The development comes around three months after Jetking became the first publicly listed firm in India to…

Miller Whitehouse-Levine, former CEO of the US-based DeFi Education Fund has launched the Solana Policy Institute (SPI), a non-partisan, non-profit advocacy group based in Washington, DC. Focused on crypto policy and education, SPI aims to collaborate with US regulators to advance Web3 initiatives. Kristin Smith, previously CEO of the Blockchain Association, will serve as SPI’s…

Sony Electronics recently announced that it has begun accepting the USDC stablecoin for payments in Singapore. The electronics giant has teamed up with Crypto.com to facilitate USDC transactions on its online store, it said in an announcement on Wednesday. Crypto.com is an exchange for virtual digital assets (VDAs), headquartered in Singapore. Sony is continuing its…

Japan is reportedly moving to grant legal status to cryptocurrencies by revising the Financial Instruments and Exchange Act to include them as financial products. Led by the Financial Services Agency (FSA), this initiative aims to foster crypto industry growth under stringent regulatory oversight. However, curbing insider trading related to cryptocurrencies remains a top priority for…

The US Commodity Futures Trading Commission (CFTC) and the Federal Deposit Insurance Corporation (FDIC) revoked crypto-related restrictions that were levied on banks during former President Joe Biden’s administration. The FDIC has announced that financial institutions under its oversight no longer need prior approval to dabble in crypto-related activities. The CFTC, on the other hand, stated…

The US Securities and Exchange Commission’s crypto task force held its first public meeting with experts on Friday, focusing on how securities laws might apply to digital assets as the Trump administration looks to overhaul cryptocurrency regulations. Among the participants of the roundtable were John Reed Stark, former chief of the SEC’s Office of Internet…

Bitcoin on Monday, March 24 reflected a profit of 3.10 percent on international exchanges. Data by CoinMarketCap shows Bitcoin is presently trading at $86,700 (roughly Rs. 74.5 lakh) on global platforms. On Indian exchanges, the oldest and most expensive crypto asset saw a two percent price hike to trade within the range of $89,423 (roughly…

OpenAI’s Sam Altman is reportedly in talks with Visa to enhance World Wallet with cross-asset functionality. The collaboration aims to develop a sophisticated wallet strategy, enabling seamless cross-platform transactions with crypto, cards, and fiat currencies. Altman, known for his impact on the global AI landscape with ChatGPT, also leads Worldcoin (World)—a controversial Web3 project designed…

Bitcoin on Wednesday, March 26 reflected small profits on the price charts. With a gain of 1.05 percent, the asset rose to $87,375 (roughly Rs. 75 lakh) on international exchanges in the last 24 hours. Meanwhile, on Indian exchanges, Bitcoin price saw less than one percent gain to trade within the range of $87,990 (roughly…

South Korea is reviewing the legal status of crypto businesses to ensure only approved firms engage with investors. This week, Google Play, following a regulatory directive, blocked 17 foreign crypto exchanges, including KuCoin, from being installed on Android devices in the country. Existing users will no longer receive app updates. Meanwhile, the Financial Intelligence Unit…

The crypto market continues to be volatile as March approaches its end. Bitcoin on Friday, March 28 clocked a loss of under two percent on national and international exchanges. The oldest, most expensive crypto asset is presently trading at $86,028 (roughly Rs. 73.8 lakh) on international exchanges, shows CoinMarketCap. On Indian exchanges, meanwhile, Bitcoin is…

The Central Bank of the UAE (CBUAE) plans to launch its Digital Dirham central bank digital currency (CBDC) between October and December. On Thursday, the bank said that the Digital Dirham token will improve security and efficiency of financial transactions, while reducing the costs of facilitating national and international payments. The CBUAE has also created…

The “Ghibli” frenzy has swept the Internet over the past three days. Following Sam Altman’s announcement of an AI image feature for ChatGPT-4o, Studio Ghibli anime-inspired memecoins have flooded the crypto market, according to a CoinMarketCap report on Friday, March 28. Tokens like GhibliCZ, Shibli Inu, and Ghibli Doge have surged this week, amplifying risks…

Finance Minister Nirmala Sitharaman has been discussing India’s economic reforms and future roadmap with Lok Sabha parliamentarians in New Delhi. This week, she defended a provision in the Income Tax Bill, 2025, that grants tax authorities access to WhatsApp messages and emails to track tax evaders and financial criminals. She cited a recent case where…

Crypto airdrops, the process of free crypto tokens, are a common Web3 strategy used to boost project visibility and community growth in the $2.84 trillion (roughly Rs. 2,43,51,125 crore) crypto market. Developers use social media to announce these giveaways, aiming to attract investors. However, this strategy is frequently exploited by scammers. While airdrops can build…

Donald Trump’s World Liberty Financial crypto venture will launch a dollar-pegged stablecoin, it said in a statement on Tuesday, after raising more than half a billion dollars from selling a separate digital token. The stablecoin, called USD1, will be fully backed by US Treasuries, dollars and other cash equivalents and is designed to keep a…

Chicago-based CME Group plans to revamp the infrastructure of its derivatives marketplace, CME Exchange. This week, it announced a partnership with Google Cloud to explore blockchain services like asset tokenisation. In an official statement, the risk management firm noted that US President Donald Trump’s support for the crypto sector has pushed it to explore blockchain…

The Abu Dhabi Global Market (ADGM) has signed an MoU with Chainlink to enhance Web3 awareness and explore advanced blockchain use cases. Announced on March 24, the partnership marks ADGM’s deeper engagement with Web3 solutions, focusing on cross-chain interoperability and tokenised asset utility. Chainlink will contribute its technical expertise and industry insights to support the…

The Root Network (TRN), a metaverse-focused Web3 platform, launched its “TRN Odyssey” initiative on March 24. Designed to support promising Web3 gaming projects on the TRN Layer-1 blockchain, the programme has a funding pool of $10 million (roughly Rs. 85 crore) allocated by TRN Labs, which oversees the blockchain’s ecosystem. Web3 game developers are invited…

Tether, the issuer of the USDT stablecoin, plans to audit its asset reserves and is seeking a Big Four accounting firm for the process. The Big Four—PwC, Ernst & Young, Deloitte, and KPMG—are among the potential candidates, though CEO Paolo Ardoino has not yet disclosed which firm Tether has approached. The audit aims to enhance…

Tamil Nadu’s Director General of Police, Shankar Jiwal, has introduced a comprehensive guide to aid police officials in investigating crypto-related crimes. Titled ‘Handbook for Investigations into Virtual Digital Assets’, the guide provides access to specialised tools and techniques designed to combat crypto-related offenses effectively. This initiative comes at a time when the global Web3 sector…

Coinbase has announced partnerships with over 100 government agencies across the US and other countries to enhance their understanding of the crypto sector. CEO Brian Armstrong shared the update on X over the weekend, stating that institutional interest in crypto has surged following Donald Trump’s pro-crypto stance as the newly elected 47th President of the…

South Korea’s central bank is set to launch CBDC trials for real-world transactions under the “Digital Test Project Hangang,” according to local reports citing BoK officials. The three-month programme is said to involve seven banks and 100,000 participants that will be testing blockchain technology’s role in finance. The BoK reportedly sees this large-scale pilot as…

The four-year legal battle between Ripple and the US Securities and Exchange Commission (SEC) has officially ended, as announced by Ripple CEO Brad Garlinghouse on March 19. In a four-minute video on X, Garlinghouse reaffirmed that XRP is a digital asset, not a security. The crypto market reacted positively, with XRP surging over 10 percent…

The crypto price charts reflected more losses than gains on Friday, March 21. In the last 24 hours, Bitcoin price dropped by 1.40 percent on international exchanges. CoinMarketCap shows that Bitcoin is currently trading at $84,500 (roughly Rs. 72.8 lakh) on global platforms. The most expensive cryptocurrency, Bitcoin, also registered losses of around two percent…

This week, the US hosted UAE National Security Adviser Sheikh Tahnoon Bin Zayed Al Nahyan to discuss technological cooperation, energy, and investment opportunities. During his visit, he met with key officials from President Trump’s administration, including White House crypto czar David Sacks, where cryptocurrency regulation was a key topic. While the US is still shaping…

The Australian government has proposed a regulatory framework to oversee crypto exchanges, custody services, and brokerage firms. The Australian Treasury Department is working with the crypto industry to seek inputs on required regulations. In a statement released on Friday, March 21, Australia said it wants to help the virtual digital assets (VDAs) industry to grow…

Binance has announced that the first phase of its new “Vote to List” is now live. This means that Binance users can now participate in selecting which new tokens should be listed for trading on the platform. The first window for voting opened on March 19 and will close on March 26, the exchange informed…

The Dubai Land Department (DLD) is exploring real estate tokenisation to simplify property-related transactions. The government-backed agency has launched the pilot phase of its “Real Estate Tokenisation Project”, that aims for collaboration between global Web3 firms and Dubai’s real estate community. DLD estimates that by 2033, the valuation of tokenised properties could touch AED 60…

The Bharat Web3 Association (BWA) has launched a new initiative to inform India’s crypto community on safe investment patterns. The “Crypto SAFE Campaign” initiative, where “SAFE” stands for Secure Asset and Financial Education, is designed to educate users on cybersecurity and digital hygiene. Additionally, the programme aims to help users understand responsible investing patterns and…

The crypto market has remained sluggish throughout March, with no significant changes expected in the near term. On Wednesday, March 19, Bitcoin saw a marginal decline of less than one percent across national and international exchanges. According to CoinMarketCap, the asset is currently trading at $83,000 (roughly Rs. 71.8 lakh) on global platforms. Meanwhile, Indian…

Arbitrum, a Layer-2 blockchain on Ethereum, has launched “Onchain Labs,” a new initiative to support early-stage Web3 projects. Designed for experimental and high-risk ventures, the programme offers industry guidance and technical assistance while strengthening Arbitrum’s network for decentralised applications. Developed by Offchain Labs, the initiative is a collaboration with the Arbitrum Foundation, which oversees the…

Ripple Labs is reportedly looking to expand its custody services with a digital wallet offering. In February, the XRP issuer filed a trademark application titled “Ripple Custody,” seeking approval for “downloadable software” for crypto custody—potentially hinting at a wallet service. The application also indicates Ripple’s intent to store and manage both cryptocurrencies and fiat currencies…

South Korea’s central bank is not considering Bitcoin to be included as part of its reserved assets. The Bank of Korea (BoK) has reportedly said that Bitcoin’s volatility is a matter of risk and concern for the country’s national stability. The development comes just days after US President Donald Trump announced a strategic Bitcoin and…

Bitcoin reflected small price dips of under two percent on national and international exchanges on Monday, March 17. As shown by CoinMarketCap, the most expensive cryptocurrency is trading at $83,687 (roughly Rs. 72.6 lakh) on international exchanges. Meanwhile, Indian exchanges like CoinSwitch and Giottus show Bitcoin trading between $83,810 (roughly Rs. 72.7 lakh) and $87,506…

Bitcoin on Monday, February 24 showed losses on both national and international exchanges alongside most other cryptocurrencies. Over the last 24 hours, the value of Bitcoin dropped by 1.20 percent on international exchanges. With this, its price presently stands at $95,630 (roughly Rs. 82.8 lakh) on global platforms. The price of Bitcoin saw a drop…

Binance has announced that it will seek community votes to determine which crypto tokens should be listed or delisted on its platform. As the world’s largest exchange, it faces the challenge of identifying legitimate projects amid a surge of altcoins flooding the market. According to Binance, community input has consistently played a valuable role in…

The acting chief of the US Securities and Exchange Commission said on Monday he has directed staff to look at ways to abandon a plan that would have widened the definition of alternative trading systems to include some cryptocurrency firms. The SEC in 2022 proposed requiring some crypto firms to register as alternative trading systems,…

Thailand is evaluating cryptocurrencies deemed safe for trading and banking settlements. In a recent move, the Securities and Exchange Commission (SEC) of Thailand added USDT and USDC to the list of tokens approved for trading on regulated exchanges. These stablecoins now join Bitcoin, Ether, Ripple, and Stellar on Thailand’s approved token list. This decision aligns…

WazirX announced on Wednesday, March 12 that it has partnered with BitGo Trust Company for asset custody services. Headquartered in Palo Alto, California, BitGo offers services like asset custody, wallet management, staking, and trading out of regulated cold storages. As per WazirX, this partnership is aimed to enhance the security of its user assets. The…

Brazil is reportedly working on a proposal to create a blockchain-based payment system for internal use by the BRICS economic bloc. The group has been discussing ways to reduce reliance on the US dollar for internal cross-border transactions since 2024. Brazil, Russia, India, China, and South Africa were the founding countries of the BRICS group….

Ripple has obtained a licence from the Dubai Financial Services Authority (DFSA), becoming the first blockchain payments provider authorized to operate in the Dubai International Financial Centre (DIFC). On March 13, the US-based company announced that businesses in the UAE can now leverage its services for crypto payment solutions. In the coming months, UAE-based financial…

Binance has sold off a minority stake to Abu Dhabi-based MGX for $2 billion (roughly Rs. 17,403 crore). MGX is a sovereign wealth management fund led by Sheikh Tahnoon bin Zayed Al Nahyan of the Abu Dhabi royal family. With a focus on advanced tech investments, MGX has funded a bunch of promising AI projects…

South Korea’s Financial Services Commission (FSC) has announced that it will be adding more layers to its crypto regulations over the next month. The guidelines for corporate firms’ participation in cryptocurrencies will be finalised by April, the FSC said Wednesday. The rules will allow professional investors and listed corporations to safely engage with virtual digital…

The overall crypto market is undergoing a period of volatility amid ongoing macro-economic tensions like tariff wars. On Wednesday, March 12, Bitcoin price dropped by 2.15 percent and 3.65 on international and national exchanges. BTC is presently trading at $81,778 (roughly Rs. 77.4 lakh) on global platforms as per CoinMarket Cap. On Indian exchanges like…

Coinbase has officially resumed operations in India after nearly two years. On March 11, the US-based crypto exchange announced its registration with India’s Financial Intelligence Unit (FIU), a mandatory step for all crypto firms operating in the country. Highlighting India’s rise as a global tech powerhouse, Coinbase emphasised the nation’s key role in Web3 expansion….

India is on track to surpass the US as the largest hub of Web3 developers by 2028, according to the India Web3 Landscape Report (2024), released on March 11. In 2024, India’s Web3 developer community grew by 28 percent, adding over 4.7 million developers to GitHub. The report also noted that India accounted for 17…

US President Donald Trump met with several crypto founders and leaders during the recent Crypto Summit held at the White House. The event brought US lawmakers under one roof with the crypto industry for the first time. At the summit, President Trump asked the US Securities and Exchange Commission’s (SEC) Crypto Task Force to put…

The crypto market remained sluggish over the weekend, showing little change in momentum. On Monday, March 10, Bitcoin recorded a 3.88 percent decline on international exchanges, trading at $82,680 (roughly Rs. 72 lakh), according to CoinMarketCap. Meanwhile, on Indian exchanges such as CoinSwitch and Giottus, BTC saw a 3.30 percent drop, bringing its value to…

US President Donald Trump, who envisions making the US the global hub for cryptocurrency, made a significant announcement over the weekend. In a post on Truth Social, the 78-year-old billionaire revealed that five cryptocurrencies—Bitcoin, Ether, Ripple, Cardano, and Solana—are being considered for inclusion in a US strategic crypto reserve. Industry leaders worldwide view this move…

PwC, one of the Big Four accounting firms, is launching an accelerator initiative in India. On March 3, PwC India introduced the ‘Emerging Tech Startup Challenge’ to support promising startups in blockchain, space, AI, and other sectors. Late-stage startups that have secured Series A or B funding are eligible to apply, gaining access to industry…

Ripple has pledged $50 million (roughly Rs. 435 crore) to fund a new non-profit crypto organisation in the US, the ‘National Cryptocurrency Association’ (NCA). This agency will focus on educating and raising awareness about cryptocurrencies, blockchain, and Web3. The announcement comes just days after the US President Donald Trump mentioned Ripple as a potential part…

Dantewada, a city in Chhattisgarh, has upgraded its land record storage with blockchain technology. The district administration partnered with Bengaluru-based Zupple Labs to migrate seven lakh land records to the Avalanche blockchain. This initiative aims to create permanent, tamper-proof records while enabling secure verification for authorities and residents. Zupple Labs shared details of the development…

US President Donald Trump has signed an executive order to create a strategic Bitcoin Reserve in the country. White House Crypto Czar, David Sacks announced the development through his X handle in the early hours of Friday, March 7. He stated that the reserve will be capitalised with Bitcoin tokens that were forfeited as part…

The cryptocurrency market remains highly volatile due to ongoing macroeconomic and geopolitical developments. On Friday, March 7, Bitcoin recorded a loss of over five percent on international exchanges, bringing its price down to $87,726 (roughly Rs. 76.4 lakh), according to CoinMarketCap. A similar trend was observed on Indian exchanges, where platforms like CoinDCX, Giottus, and…

Vietnam will soon pilot a digital asset exchange, according to details shared by Nguyen Duc Chi, the country’s deputy finance minister, who is overseeing developments related to virtual digital assets (VDAs). The finance ministry is working on a trading platform for digital assets, and testing is expected to begin by the end of March. Vietnam…

CoinDCX announced its partnership with the Enforcement Directorate (ED) on Wednesday, March 5. With the partnership, CoinDCX will manage the custody of crypto assets seized by the ED. As India’s financial watchdog, the ED has been cracking down on illegal crypto operations nationwide, seizing crypto assets worth crores as part of its investigations and requiring…

US President Donald Trump is set to host the nation’s first government-backed Crypto Summit on March 7. Details about the event were recently shared by David Sacks, the White House-appointed “crypto czar.” In a post on X, Sacks revealed that the summit will bring together top founders, CEOs, and investors from the crypto space. He…

The global crypto market remains volatile as the US President Donald Trump escalates international tariff tensions. On Wednesday, March 5, Bitcoin recorded a 3.33 percent gain on global exchanges, pushing its price to $86,927 (roughly Rs. 75.7 lakh). Indian exchanges also reflected a stronger rally, with Bitcoin rising around 4.50 percent. Platforms like CoinSwitch and…

The US is moving towards getting a comprehensive set of Web3 rules under the crypto-friendly presidency of Donald Trump. The US Securities and Exchange Commission’s (SEC) Crypto Task Force said Monday it would host a series of roundtable meetings to gather public insights on its regulatory approach towards Web3. Mark T. Uyeda, the acting chairperson…

Binance is set to delist stablecoins that do not comply with the EU’s MiCA regulations in the coming days. These stablecoins will no longer be available to users in the European Economic Area (EEA) after March 31. The exchange has identified nine affected stablecoins, including Tether (USDT), the largest by market capitalisation. Announcing the decision,…

The Bharat Web3 Association (BWA) has released a set of guidelines to help Web3 firms in India protect their customers. The Web3 industry continues to grow in India, despite a lack of regulatory oversight from the government. The BWA, an independent crypto advisory body, has advised affiliated firms to practice healthy business and operational habits….

Bitcoin joined most cryptocurrencies in reflecting gains on Monday, March 3, rebounding from last week’s dip to $80,020 (roughly Rs. 69.9 lakh). Over the weekend, BTC surged nearly nine percent globally, reaching $92,890 (roughly Rs. 81.14 lakh) on international exchanges, according to CoinMarketCap. In India, the asset is trading at $96,750 (roughly Rs. 96,751) after…

Coinbase said on Friday the US securities regulator planned to withdraw its lawsuit against the crypto exchange, ending a contentious years-long legal battle once considered existential for the trading platform and the broader sector. The Securities and Exchange Commission has moved quickly to overhaul its approach to policing the crypto sector under Republican leadership since…

The US Securities and Exchange Commission (SEC) has established the Cyber and Emerging Technologies Unit (CETU) to combat crypto-related cybercrimes. This new division will target illicit activities enabled by advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), and blockchain. The move follows US President Donald Trump’s recent creation of a crypto-friendly task force…

The Central Bureau of Investigation (CBI), using in-house capabilities, seized significant incriminating evidence and virtual digital assets, unravelling the extent of the cryptocurrency fraud following nationwide searches conducted on February 25-26 in connection with the GainBitcoin scam cases. This comes after the CBI conducted raids at over 60 locations across major cities, including Delhi, Pune,…

The FBI has attributed the recent attack on Dubai-based Bybit crypto exchange to North Korean hackers. The agency has called on crypto firms to help block the stolen funds. According to Bybit CEO Ben Zhou, a hacker gained control of one of the exchange’s offline Ethereum wallets, resulting in a loss of nearly $1.5 billion…

The Securities and Exchange Commission (SEC) is gradually shaping crypto regulations in the US following Donald Trump’s return to the White House. This week, the SEC clarified that memecoins do not qualify as securities, meaning investors are not required to register their transactions under the Securities Act of 1933. The announcement comes amid a surge…

The Bitcoin rally, which began in November 2024 following Donald Trump’s election as the US President, has significantly lost momentum in recent days. On Friday, February 28, Bitcoin saw a nearly six percent decline on international exchanges, dropping to $80,020 (roughly Rs. 69.9 lakh) for the first time since November 2024. Indian exchanges reflected a…

Several Nifty 50 firms are exploring Web3 technologies like cryptocurrencies and blockchain, according to a report by crypto firm Mudrex, exclusively shared with Gadgets 360. The report reveals that 16 companies, including Reliance, Airtel, ITC, and TCS, are leveraging Web3 for digital marketing, supply chain management, CBDCs, and cross-border trading. Mudrex noted that institutional adoption…

The overall crypto market is facing the impact of new tariff policies introduced by the White House under the US President Donald Trump. On Thursday, February 27, Bitcoin price dropped by over four percent to trade at $84,940 (roughly Rs. 74 lakh) on global exchanges, its lowest level since November last year. According to market…

Like thousands of his countrymen in far-flung places, flower-shop owner Ashish Nagose has been learning about trading cryptocurrencies by attending classes every weekday for the past two months in his home city of Nagpur in western India. Nagose bought and sold stock options earlier but is now venturing into cryptocurrencies as regulators have made it…

The OKX crypto exchange has pleaded guilty to operating an unlicensed money transmission business in the US. On February 25, OKX announced a $505 million (roughly Rs. 4,400 crore) settlement with the US Department of Justice (DoJ). The news was shared by its parent company, Aux Cayes FinTech Co. Ltd., which emphasised that no customer…

The Directorate of Enforcement (ED) has conducted a series of search operations across Delhi, Jaipur, and Mumbai, under the provisions of the Foreign Exchange Management Act (FEMA). The operations were part of an investigation into a large-scale cryptocurrency fraud, involving the conversion of crypto assets worth approximately Rs. 600 crore at various Indian crypto exchanges,…

Stablecoins USDC and EURC have been officially recognised as crypto tokens in Dubai. On February 24, Circle, the issuer of these stablecoins, announced that the Dubai Financial Services Authority (DFSA) has approved USDC and EURC for use within the Dubai International Financial Centre (DIFC). This approval allows firms operating in the DIFC to integrate these…

Over the weekend, Binance introduced a new feature called ‘Trader Profiles’ to its community-focused social platform, Binance Square. This addition is designed to help experienced crypto traders share market insights while enabling users to connect based on their trading patterns, as per the exchange. With this update, Binance aims to foster a more interactive and…

Crypto exchange Bybit said it was hacked, resulting in what analysts estimate was the loss of almost $1.5 billion (roughly Rs. 13,006 crore) worth of tokens in the biggest theft ever committed in the industry. Researchers believe North Korean hackers were likely responsible.  A hacker took control of one of Bybit’s offline Ethereum wallets, the exchange’s Chief…

The cryptocurrency chart reflected more losses than gains on Monday, January 27. Bitcoin dipped by 4.53 percent on international exchanges to trade at $100,423 (roughly Rs. 86.7 lakh), data by CoinMarketCap showed. On Indian exchanges like BuyUcoin, meanwhile, BTC incurred losses of over three percent to trade at the price point of $101,658 (roughly Rs….

KuCoin, one of the world’s largest cryptocurrency exchanges, pleaded guilty on Monday to operating an unlicensed money transmitting business, and agreed to more than $297 million (roughly Rs. 2,570 crore) in fines and forfeiture, the US Department of Justice said. Peken Global Ltd, which operates as KuCoin, entered its plea before US District Judge Andrew Carter…

An increasing number of Web3 firms are turning to the EU with the Markets in Crypto-Assets Regulation (MiCA) laws bringing regulatory clarity to the sector. In a fresh development, crypto exchanges OKX and BitPanda have secured licences in the EU region, making their operations legally compliant in 30 countries part of the European Economic Area…

Crypto market volatility surged over the weekend following the US President Donald Trump’s announcement of new tariffs on imports from China, Mexico, and Canada. On Monday, February 3, Bitcoin recorded its sharpest price drop in months across both domestic and international exchanges. According to CoinMarketCap, BTC fell nearly seven percent on global platforms, trading at…

Kraken has acquired a licence that allows the crypto exchange to offer services like derivatives trading to advanced traders in the EU. This week, Kraken announced that it has secured a Markets in Financial Instruments Directive (MiFID) licence in the EU. With this, the exchange plans to expand its service portfolio across all EU member…

The feasibility of Donald Trump’s ambition to create a national reserve of Bitcoin is still being studied by officials in the administration, White House crypto czar David Sacks said as he met with lawmakers to advance the new president’s policies on digital assets. “That is one of the first things we’re going to look at…

The crypto market remained sluggish over the weekend, showing little movement. On Monday, February 17, Bitcoin recorded a 1.55 percent dip on international exchanges, trading at $96,019 (roughly Rs. 83.2 lakh), according to CoinMarketCap. A similar trend was observed on Indian exchanges, where Gadgets 360’s crypto price tracker reported Bitcoin at $99,734 (roughly Rs. 86.5…

The crypto market took a hit over the weekend following a memecoin controversy. Argentina’s President Javier Milei promoted the Libra memecoin on his official X account last Friday. According to the Buenos Aires Herald, his now-deleted tweet claimed the token could boost the national economy. Reports indicate that within hours of launch, Libra’s price surged…

Dubai’s crypto regulatory body has issued an alert about the risks related to memecoin investments owing to their increasing market penetration. The Virtual Assets Regulatory Authority (VARA) of Dubai has strictly asked the city’s investor community to be cautious while engaging with memecoins, calling them “highly speculative” assets. As per VARA, memecoins pose a significant…

Binance co-founders Changpeng Zhao and Ye Hi have refuted rumours that claim that the Binance crypto exchange is for sale. Both Zhao and Hi have refuted claims that the centralised exchange is looking for a buyer. Binance is touted to be the largest crypto exchange in the world in terms of total trading volume. It’s…

Tether will work with the Republic of Guinea to accelerate the country’s efforts to adopt blockchain technology, the issuer of the USDT stablecoin said on Monday. The firm has signed a memorandum of understanding (MoU) with the government of Guinea, and says it will work with authorities to ensure that their engagement with blockchain and…

The European Securities and Markets Authority (ESMA) is looking to finalise some competence requirements for employees of crypto-related businesses. This week, the ESMA released a proposal that suggests guidelines in line with the EU’s MiCA regulations, seeking feedback from crypto asset service providers, investors, and financial institutions engaging with crypto assets. As part of its…

The rise of “pig butchering” scams and the increasing use of generative artificial intelligence likely lifted revenues from crypto scams to a record high in 2024, according to blockchain analytics firm Chainalysis. Revenue from pig butchering scams, where perpetrators cultivate relationships with individuals and convince them to participate in fraudulent schemes, increased nearly 40 percent…

The Enforcement Directorate (ED) has seized its biggest-ever cryptocurrency worth Rs 1,646 crore as part of a “mega” money laundering investigation into a fraud investment scheme where numerous depositors were duped in the name of securities investment, official sources said. The Ahmedabad office of the federal probe agency has also seized Rs 13.50 lakh in…

WazirX has announced the completion of its asset rebalancing process. On February 11, the troubled exchange informed users affected by the July 2024 hack that they can now check their potential compensation based on their balances as of July 18, 2024. To facilitate this, WazirX has published a Preliminary Creditor List on its website, displaying…

RBI Governor Sanjay Malhotra stated that the upcoming discussion paper on crypto, being developed under the Finance Ministry’s oversight, will provide clarity on the future of virtual assets in the country. Speaking to Gadgets 360, members of India’s Web3 community highlighted that while other nations are embracing crypto, India’s prolonged indecision is hindering its progress…

US-based cryptocurrency exchange Coinbase is preparing to re-enter the Indian market nearly two years after its exit. The company has begun discussions with potential partners to introduce UPI-linked services in the country, an industry source familiar with the matter, who wishes to be anonymous, told Gadgets 360. Coinbase first attempted to enable UPI-based crypto transactions…

Finance Minister Nirmala Sitharaman introduced the new Income Tax Bill, 2025 to the Lok Sabha on February 13. With this new bill, the finance ministry has provided more clarity to define what constitutes the sector of ‘virtual digital assets (VDAs)’ in the country. This move follows her presentation of the FY2025-26 budget earlier this month….

Saudi Arabia has launched a Web3 alliance group as part of its Saudi Vision 2030 program that aims to diversify the country’s economy. The newly construed Web3 Alliance of Saudi Arabia (WASA) will bring together players from the international Web3 industry. The group will work to create awareness around Web3 and help Saudi Arabia develop…

On Friday, February 14, the overall crypto market displayed mixed sentiment. Bitcoin continued its decline for the fifth consecutive day, slipping by nearly 1 percent on international exchanges to $96,812 (roughly Rs. 84 lakh). A similar trend was observed on Indian platforms like CoinSwitch and Giottus, where Bitcoin traded at around $97,704 (roughly Rs. 84.8…

South Korea is collaborating with various internal authorities to develop its Web3 market. In a recent move, the Financial Services Commission (FSC) unveiled a roadmap to gradually integrate local corporations into the VDA market, which primarily consists of cryptocurrencies. Looking ahead, South Korea aims to assess the financial aspects of cryptocurrencies and foster sector growth…

The US President Donald Trump-backed World Liberty Financial (WLF) has announced the launch of a strategic token reserve. has announced the launch of a strategic token reserve to navigate market volatility while maintaining a crypto-backed fund pool. The firm shared the update on its official X handle on Wednesday, February 12. President Trump, who aims…

Austria-based crypto exchange BitPanda has received regulatory approval from the UK’s Financial Conduct Authority (FCA) to operate in the country. The Vienna-headquartered firm announced on Wednesday, February 12, that it is now authorised to offer crypto-related services to British investors. To secure FCA approval, BitPanda has aligned its operations with the UK’s anti-money laundering and…

Bitcoin on Wednesday, February 12, showed a price dip of 2.43 percent on international exchanges. With this, Bitcoin is trading at the price point of $95,873 (roughly Rs. 83 lakh) on global platforms, as per CoinMarketCap. On Indian exchanges like CoinSwitch and CoinDCX, the value of BTC slipped by around 2.25 percent over the last…

The U. SEC and Binance are seeking a 60-day pause in their legal battle, which began in June 2023. In a joint motion filed in the District Court of Columbia, both parties urged the court to grant the stay. This request follows the resignation of former SEC Chair Gary Gensler, known for his anti-crypto stance,…

Malaysia is embracing emerging technologies like Artificial Intelligence (AI) and blockchain to strengthen its fight against corruption. According to Azam Baki, chief commissioner of the Malaysian Anti-Corruption Commission (MACC), these tools enhance the agency’s ability to identify criminals involved in complex financial crimes. Last year, the MACC announced initiatives to address high-profile corruption cases that…

The Central African Republic (CAR) has embarked on a nationwide cryptocurrency experiment. President Faustin-Archange Touadera announced the launch of a memecoin called $CAR, aiming to assess whether the global memecoin frenzy can help improve the country’s financial standing. According to the World Bank and the United Nations Development Programme, approximately 80 percent of CAR’s population…

The crypto market’s rally slowed following the US President Donald Trump’s signing of new international trade tariff laws. On Monday, February 10, Bitcoin saw a slight decline of less than one percent on global exchanges, bringing its value to $96,890 (roughly Rs. 85 lakh), according to CoinMarketCap. In India, Bitcoin traded at $97,563 (roughly Rs….

Several apps on the App Store and Google Play store were found to be infected with a crypto stealer malware by security researchers at Kaspersky. These applications reportedly included a malicious software development kit (SDK) that was designed to use optical character recognition (OCR) to steal “crypto wallet recovery phrases” from screenshots stored on a…

BlackRock is gearing up to launch a bitcoin exchange-traded product in Europe within weeks, a source familiar with the matter told Reuters, amid growing demand for exposure to cryptocurrencies from both money managers and consumers. The product will likely be domiciled in Switzerland, the source added. The Wall Street giant has incorporated a Zurich-based company…

The US Federal Deposit Insurance Corporation (FDIC) on Wednesday released several documents related to the supervision of crypto related activities in the country. Acting FDIC chairman Travis Hill announced that the agency will review its previous approach towards US banks seeking to offer crypto services. Established in 1933, the FDIC regulates US financial institutions and…

ByBit on Thursday announced that it has settled a monetary penalty imposed on the crypto firm, by India’s Financial Intelligence Unit (FIU-IND). The Dubai-based crypto exchange has also registered with the FIU-IND and revealed that it will ramp up initiatives to spread crypto awareness in India and work with educational institutions to let students experiment…

Russia is planning to increase its oversight on crypto mining in the country, in order to improve the government’s control over compliance with bans on crypto mining in some regions. The Ministry of Energy is considering the creation of a formal, mandatory registry to identify crypto mining equipment and maintain a single register of crypto…

Amid the ongoing US-China trade war, the crypto market rally has seen a significant slowdown. On Friday, Bitcoin’s price dropped by less than one percent on international exchanges, and the digital asset was trading at $97,486 (roughly Rs. 85.2 lakh) on global platforms, as per CoinMarketCap data. On Indian exchanges, the price of BTC dropped…

Tether CEO Paolo Ardonio has teased the arrival of an upcoming Bitcoin wallet product, which is currently in development at the firm. This Bitcoin wallet assistant is said to be powered by artificial intelligence (AI), and will let users see chat with an AI assistant to see details about their account balances, wallet address and…

WazirX is set to present its restructuring scheme to its creditors for voting in the coming weeks, after it was approved by a court in Singapore. The exchange has begun to inform creditors about the possible outcomes of the restructuring process. In a tweet published on Tuesday, WazirX said that if creditors vote against the…

The UAE is set to infuse its governance systems with blockchain technology, after maintaining an open approach towards the crypto and Web3 sectors. The UAE’s Ministry of Energy and Infrastructure (MoEI) has signed a memorandum of understanding (MoU) with Shiba Inu. As part of the recently announced partnership, Shiba Inu’s ShibOS operating system will be…

Bitcoin’s price dropped by 1.88 percent in the last 24 hours, trading at $98,110 (around Rs. 85.4 lakh) on February 5, according to CoinMarketCap. Earlier this week, the price of Bitcoin fell after US President Donald Trump announced new tariffs on imports from China, Canada, and Mexico. However, with the US President’s Canada and Mexico…

Coinbase has received approval to operate as a regulated crypto exchange in the UK. The country’s Financial Conduct Authority (FCA) has granted the firm a Virtual Asset Service Provider (VASP) licence. The US-based exchange announced the development on Monday, stating that it would be able to offer additional services in the UK. As the country…

Coinbase is sharpening its focus on expanding the reach of Web3 projects built on its Layer-2 network, Base. In a recent move, the crypto exchange announced the acquisition of Spindl, an onchain advertising platform, for an undisclosed amount. With this acquisition, Coinbase aims to help Web3 developers amplify their projects within Web3 communities, emphasizing that…

The Financial Intelligence Unit of India (FIU-IND) has reasons to believe that the ByBit crypto exchange was in violations of the Prevention of Money Laundering Act. In a fresh development, the FIU has levied a penalty of Rs. 9.27 crore on ByBit for continuing to operate in India without bringing its operations in compliance with…

India is reviewing its stance on cryptocurrencies due to shifting attitudes towards the virtual asset in other countries, a senior government official told Reuters on Sunday. The review, which follows crypto-friendly policy announcements by US President Donald Trump, could further delay publication of a discussion paper on cryptocurrencies that was due for release in September…

French investigators said on Tuesday they had opened a judicial probe into money laundering, tax fraud and other charges at Binance, the world’s largest cryptocurrency exchange, which said it denied the allegations. The economic and financial crime section of the Paris public prosecutor’s office (JUNALCO) said in a statement that the probe includes money laundering…

MobiKwik, a digital wallet player, on Tuesday announced that it has launched a full version of India’s Central Bank Digital Currency (CBDC) eRupee in partnership with Reserve Bank of India (RBI) and Yes Bank. Payments platform CRED has launched a beta version of its eRupee wallet, developed in collaboration with the RBI and Yes Bank….

CB President Christine Lagarde on Thursday expressed confidence that Bitcoin will not be included in the EU’s list of reserved assets. The top official’s stance comes weeks after US President Donald Trump’s made statements that he plans to add BTC to the country’s reserves. Bitcoin’s value dropped by 1.23 percent on Friday amid ongoing market…

Meta released its earnings report for Q4 2024 on Wednesday. According to the report, Reality Labs posted a loss of $4.97 billion (roughly Rs. 43,040 crore) in Q4 2024. The Meta subsidiary generated $1.1 billion (roughly Rs. 9,526 crore) in sales during the same period. In 2024, Meta’s total revenue stood at $164.50 billion (roughly…

The US Securities and Exchange Commission on Thursday approved part of an application for a novel exchange-traded fund that would track the two largest cryptocurrencies. The Bitwise Bitcoin and Ethereum ETF from Bitwise Asset Management would seek to provide investors with a balanced exposure to the two digital assets, weighted by their market capitalisation. The structure of…

Bitcoin price dropped by 1.23 percent over the past 24 hours on international exchanges, as the prices of most cryptocurrencies reflected a mixed market sentiment on Friday. According to CoinMarketCap, the asset was trading at $104,002 (roughly Rs. 90.1 lakh) on Friday, on global crypto exchanges. Bitcoin also fell by less than two percent on…

El Salvador is introducing reforms to the use of Bitcoin in its financial and industrial sectors. The Central American country has agreed on a deal with the International Monetary Fund (IMF) to receive a loan of $1.4 billion (roughly Rs. 12,130 crore). As part of the agreement between the IMF and El Salvador, the government…

The government is set to present the Union Budget for the next financial year on February 1. With only a couple of days until the next budget is revealed, members of India’s Web3 sector have revealed some of the changes to policy and taxation that they are hoping to see during the coming year. In…

CoinDCX has announced a new crypto literacy project in Mumbai, that will attempt to kickstart discussions on crypto and digital assets at a popular meeting place in the city — tea stalls. Dubbed ‘Bitcoin Chai Cafe’, the Indian crypto exchange’s latest initiative is designed to promote crypto-related conversations at tea stalls, which are frequented by…

The cryptocurrency market is experiencing significant price fluctuations, as the US Federal Open Market Committee (FOMC) prepares to announce its decision on a revision of interest rates. On Wednesday, Bitcoin’s price saw a 3.33 percent dip on international exchanges, trading at $102,185 (roughly Rs. 88.4 lakh) according to CoinMarketCap. In India, on exchanges like BuyUcoin,…

Crypto investment firm Mudrex has resumed crypto withdrawal services on its platform after a brief halt to upgrade its compliance suite. In an update shared on Tuesday, January 28, Mudrex said it had upgraded and automated its compliance process with Artificial Intelligence (AI). The platform claimed it had improved its systems to combat financial crimes….

Coinbase CEO Brian Armstrong has raised concerns about the rising number of crypto tokens flooding the market. In a post on X Sunday, Armstrong claimed one million crypto tokens were being created on a weekly basis. With the massive influx of new tokens, he said, evaluating each token was no longer feasible. As per CoinMarketCap,…

Brazil has joined Spain and Germany in obstructing the operations of Sam Altman’s controversial World project. The National Data Protection Authority (ANPD) has suspended the services of the World project within the country. A notice about the development was issued over the weekend to Altman’s tech firm Tools for Humanity (TFH), that parents World. Brazil…

Donald Trump was sworn in as the 47th President of the United States on January 20, hours after the price of Bitcoin surged to create a new all-time high of over $109,000 (roughly Rs. 94.2 lakh) on Monday. However, the price of the cryptocurrency dropped by more than three percent to trade at $101,755 (roughly…

The US Securities and Exchange Commission’s new leadership said on Tuesday it had created a task force to develop a regulatory framework for crypto assets, in the first major move by President Donald Trump’s new administration to overhaul crypto policy. Trump, who campaigned on promises to be a “crypto president,” has pledged to reverse an…

The global crypto market is experiencing some volatility that has caused the price of many altcoins to fluctuate over the past couple of days. Over the last 24 hours, Bitcoin’s value dropped by 2.76 percent on global exchanges, while the price of the digital asset remained stable around $102,000 (roughly Rs. 88.2 lakh) for the…

Zettai, the Singapore-based parent company of WazirX, presented a financial restructuring plan to the Singapore High Court this week. The court reviewed and approved the proposal for users of WazirX who lost funds during an alleged hack in July 2024, resulting in a displacement of approximately $230 million (around Rs. 1,900 crore). According to a…

President Donald Trump signed executive actions related to cryptocurrency and Artificial Intelligence, moves that could bolster two nascent industries. The president was joined by White House AI and crypto czar David Sacks, a venture capitalist and major political donor.  The crypto order creates a working group to advise the White House on digital asset policies…

US-based banks are voicing their intentions to expand crypto involvement, in the backdrop of US President Donald Trump’s return to the White House with promises of pro-crypto regulations. Morgan Stanley CEO Ted Pick reportedly said that the bank wishes to explore if it can act as a crypto transactor while keeping its regulatory obligations intact….

Intelligence analysis firm i2 Group is upgrading its internal software with blockchain technology to be better equipped to identify illicit uses of cryptocurrency. The company plans to integrate blockchain-based features to its link analysis platform, named Analyst’s Notebook. i2 Group has partnered with blockchain data firm Chainalysis. With this step, the firm is looking to…

In what is being hailed as a ‘landmark’ decision by the crypto industry, a US court has reversed sanctions levied against Tornado Cash. The controversial crypto mixer is a Web3 platform that allows people to shuffle their crypto tokens with some other token from a collective pool of digital currencies. This adds more privacy to…

India’s Birla Institute of Management Technology (BIMTECH) has debuted a blockchain-based campus currency called Bimcoin. The token has been designed to facilitate secure and transparent transactions within the institute’s ecosystem for students, administrators, and vendors. An official launch statement circulated by the institute says that the initiative has been inspired by India’s central bank digital…

With the Donald Trump’s re-election as US President, the global cryptocurrency sector is expecting a host of pro-crypto policies in the coming months. In a recent interview with CNBC, the Bank of America (BoA) chief said banking systems would go in “hard” on crypto transactions as soon as regulations to govern the sector were more…

Polygon Labs, the firm behind the widely used Polygon blockchain, recently announced a partnership with Mukesh Ambani-led Reliance Jio Limited as part of the latter’s efforts to introduce Web3 elements on its existing services. This week, a new crypto token, called JioCoin, started appearing on the telecom operator’s JioSphere browser app. The reward token appears…

The European Union (EU) is among the first regions of the world that has drafted, finalised, and deployed a comprehensive set of regulations to oversee the crypto sector in the region. Under the EU’s MiCA laws, which went into effect in December 2024, crypto service providers have been given clear instructions on how to conduct…

US President-elect Donald Trump is set to be sworn in as the 47th President of the United States on Monday. Ahead of the inauguration ceremony, the incoming President and his wife Melania Trump launched two memecoins branded after their respective identities. The ‘Official Trump’ and ‘Melania Meme’ digital assets were launched on January 17 and…

As inauguration day approaches, members of the crypto industry are eagerly anticipating a slew of digital asset friendly executive actions at the dawn of a second Trump Administration. Potentially at the top of the wish list would be an executive order prompting the regulatory agencies, including the Commodity Futures Trading Commission and the Securities and…

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…

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….

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…

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…

Crypto prices are on the rise again, ahead of the inauguration of US President-elect Donald Trump on January 20. On Friday, Bitcoin’s price rose by 2.09 percent on international exchanges to trade at $101,526 (roughly Rs. 87.8 lakh) on global platforms, according CoinMarketCap data. The price of Bitcoin also rose by 1.5 percent on Indian…

Malaysia could soon join other nations that are working on policies that govern the integration of cryptocurrencies and blockchain-related technologies into their financial systems. Earlier this week, Malaysian Prime Minister Datuk Seri Anwar Ibrahim met with UAE officials and Binance representatives to discuss the formulation of a supportive policy framework for cryptocurrencies. The Malaysian PM…

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…

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…

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…

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 crypto market is witnessing a slowdown in terms of token pricing. Bitcoin on Monday reflected a price dip of around one percent on global exchanges to trade at $94,472 (roughly Rs. 81.5 lakh). On Indian exchanges, the value of Bitcoin dropped by 0.47 percent over the past 24 hours. At the time of writing,…

Mudrex is seeking additional KYC details for users initiating crypto withdrawals, and the crypto investment firm has halted crypto withdrawals for the next couple of weeks as part of an ongoing upgrade to its ‘compliance suite’. The platform informed users about pause on withdrawals through via emails over the weekend. The company also posted a…

Stronger-than-expected US economic data disrupted crypto markets over the past 24 hours. Most cryptocurrencies, including Bitcoin, recorded losses on Wednesday, January 8. After briefly reaching $102,000 (roughly Rs. 87.5 lakh), Bitcoin dropped to $96,335 (roughly Rs. 82.7 lakh) on global exchanges, reflecting a 5.29 percent decline. On Indian platforms like CoinDCX and BuyUcoin, Bitcoin saw…

Thailand is exploring new payment-related policies that are aimed at making it a more appealing destination for visitors, according to users. This week, the country’s Deputy Prime Minister and Finance Minister Pichai Chunhavajira said crypto will soon be tested as an alternative payment option to cash for the convenience of the tourists. Local publication Nation…

Bitcoin saw a small dip in its value on Friday, as the price of the world’s most popular digital asset fell by 0.65 percent on global exchanges. According to data by CoinMarketCap, the value of Bitcoin has come to $93,724 (roughly Rs. 80 lakh), according to data by CoinMarketCap. Indian exchanges like Giottus and CoinSwitch…

Mantra, a blockchain platform focused on real-world assets (RWAs), has signed a deal with Dubai developer Damac Group to tokenise assets in the Middle East worth at least $1 billion (roughly Rs. 8,589 crore), the two firms said on Thursday. Asset tokenisation allows rights to, or ownership of assets, including real world assets (RWAs), to…

Standard Chartered bank announced on Thursday that it is expanding its crypto services to the European Union (EU). The London, UK-headquartered bank previously debuted its crypto-related services in Luxembourg. This makes Luxembourg the entry point for the bank into the EU market. The development comes after the EU’s crypto guidelines, known as the Markets in…

China’s government on Monday released guidelines for the development of a national data infrastructure, as part of efforts to improve its data exchange and management network. A document published by the National Development and Reform Commission and two other authorities states that China must explore blockchain technology to make its data exchange and management ecosystems…

The Hong Kong Monetary Authority (HKMA) has established a ‘Supervisory Incubator’ that will help banks develop and test the use cases of the distributed ledger technology (DLT). The initiative was announced on Wednesday, during the FiNETech4 event organised by the HKMA. The emergence of Web3 and its potential offerings to the global financial services was…

The International Monetary Fund (IMF) has advised Kenya to prioritise creating a more predictable regulatory framework for its cryptocurrency sector. The IMF also recommended aligning Kenya’s crypto guidelines with global standards. Officials from Kenya’s Capital Markets Authority (CMA) had sought the IMF’s input on challenges related to the future regulatory scope of the crypto industry….

The Bharat Web3 Association (BWA), a non-governmental crypto body comprising industry stakeholders, has released detailed guidelines to promote safe business practices for Web3 service providers in India. Chaired by former FICCI Secretary General Dilip Chenoy, the BWA unveiled two comprehensive sets of guidelines this week, focusing on ensuring secure and equitable service offerings. These guidelines…

As blockchains receive continuous fine-tuning and improvements, developers are identifying crucial issues that are restricting the advances in interoperability and scalability of the technology. One such issue is called ‘blockchain fragmentation’. As the term suggests, it refers to a situation where the ecosystem of a blockchain is divided into multiple smaller on-chain networks, each facilitating…

CoinSwitch announced on Tuesday, January 7, the launch of a recovery initiative aimed at supporting distressed WazirX users who suffered losses in a hacking incident in July 2024. The initiative, branded as ‘CoinSwitch Care,’ aims to facilitate the recovery of at least ₹600 crore for affected users over the next two years. Eligible WazirX users…

HashKey Europe, the subsidiary of Hong Kong-based HaskhKey crypto exchange, has secured an operational licence in Ireland. The Central Bank of Ireland has granted a Virtual Asset Service Provider (VASP) licence to the exchange, which grants the firm permission to offer a variety of crypto-related services in the country. Ireland is one of many EU…

The crypto market witnessed a surge in value on Monday, January 6, with most cryptocurrencies showing gains. Bitcoin, the largest and most expensive crypto asset, saw a 1.23 percent increase in value over the past 24 hours on global exchanges, bringing its price to $99,537 (roughly Rs. 85.4 lakh), according to CoinMarketCap data. On Indian…

Jeju Island, a self-governing province in South Korea, will reportedly incorporate non-fungible tokens (NFTs) technology into its tourism strategy. According to a recent report by South Korean publication Maeil Kyungjae (MK), the island’s authorities are launching an NFT-backed initiative to boost tourism. Starting in 2025, they plan to introduce NFT-powered digital visitor cards offering exclusive…

The crypto price charts reflected more losses than profits next to most cryptocurrencies on Monday, December 30. Bitcoin incurred a price dip of under a percent on international exchanges, trading at the price point of $93,197 (roughly Rs. 79.6 lakh), showed CoinMarketCap. On Indian exchanges, meanwhile, the oldest and most expensive cryptocurrency logged price dips…

The majority of cryptocurrencies began 2025 with notable gains, as reflected on both national and international price charts. Bitcoin, on Thursday, January 2, saw a 1.72 percent increase on global exchanges, bringing its value to $95,130 (roughly Rs. 81.5 lakh), according to CoinMarketCap. On Indian exchanges such as CoinDCX and CoinSwitch, Bitcoin’s price rose by…

The crypto price charts reflected more profits than losses for the third consecutive day on Friday, January 3. Bitcoin saw a 1.82 percent price increase on international exchanges in the last 24 hours. With this, the asset is presently trading at $96,863 (roughly Rs. 83.05 lakh) on global exchanges, data by CoinMarketCap showed. On Indian…