Category: Cryptocurrency

The Securities and Exchange Board of India’s (SEBI), this week, said it could work with the RBI and Insurance Regulatory and Development Authority of India (IRDAI) to monitor India’s digital assets sector. In its suggestion to the government, the Indian markets regulator said it could oversee cryptocurrencies that can be seen as securities as well…

Bitcoin price on Friday rose by 5.56 percent and the digital asset is currently trading at around $69,196 (roughly Rs. 57.7 lakh) on Indian cryptocurrency exchanges like WazirX and CoinSwitch and $66,155 (roughly Rs. 55.2 lakh) on foreign exchanges like Binance. Earlier this week, the US Labor Department’s Bureau of Labor Statistics released the consumer…

Humanity Protocol, a decentralised identity solution, has raised $30 million (roughly Rs. 250 crore) from a fresh funding round led by Kingsway Capital and the startup has hit unicorn status with its valuation surpassing the $1 billion (roughly Rs. 8,350 crore) mark. Over 20 other venture capital firms participated in the seed funding round, including…

US-based card payments giant Mastercard is forging ahead with choosing and onboarding promising blockchain startups to join its Web3-focussed Smart Path programme. In a fresh development, the company has onboarded five new startups to be part of this initiative. In the coming months, Mastercard will work with these up-and-coming firms to explore how blockchain can…

The cryptocurrency sector and crypto entrepreneurs have often come under legal scrutiny in recent years. Former FTX CEO Sam Bankman-Fried was sentenced to 25 years in prison in March over charges of fraud, followed by Binance founder Changpeng getting a four-month sentence earlier this month over the exchange’s anti-money laundering activities. Now, Alexey Pertsev, the…

The crypto chart, on Wednesday, May 15, reflected losses next to most cryptocurrencies. Bitcoin clocked a loss of around one percent that has brought its trading value to $66,124 (roughly Rs. 55 lakh) on Indian exchanges like CoinDCX and CoinSwitch. On international exchanges, meanwhile, the most expensive crypto asset is trading at a slightly lower…

India’s crypto industry body, the Bharat Web3 Association (BWA) recently met with the stakeholders of India’s Web3 industry. The aim of this meeting was to open dialogues on the steps that could prevent the misuse of cryptocurrencies for unlawful activities like money laundering and terror financing. The BWA has called for a collaborative effort from…

The Coinbase crypto exchange platform is undergoing a system-wide outage. The development came to light on Tuesday, May 14 after users of the platform flooded X with complaints that the Coinbase site was not functioning. Soon after, a message was posted on the exchange noting that its systems are undergoing an outage and that an…

Mudrex, a crypto investment platform founded by Indian entrepreneurs, has struck a partnership with tax computing platform ClearTax. The crypto exchanges operating in India now have a set of rules they need to adhere to, in order to stay compliant in conducting their operations here. One important critera that Indian crypto players are prioritising to…

The crypto price chart reflected volatility with most altcoins trading in losses on Monday, May 13. Stepping into the third week of this month, Bitcoin saw its trading value remaining close to the mark of $60,000 (roughly Rs. 50 lakh). On Indian exchanges like WazirX, CoinDCX, and CoinSwitch, Bitcoin is trading at $65,477 (roughly Rs….

The UAE, that is working on establishing itself as hotspot for Web3 activities, has decided to make Dubai one of the world’s top ten metaverse economies. This week, Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum, announced a roadmap for the growth of metaverse in Dubai. Called the ‘Dubai Metaverse Strategy’, this plan aims to…

Bitget, which is a Seychelles-based crypto exchange, has decided to let Indian users purchase cryptocurrencies using fiat Rupee. The exchange has entered into a partnership with Web3 payments solutions platform Alchemy Pay to facilitate crypto purchases through the Rupee currency. The aim of this collaboration is to make crypto buying on international exchanges more accessible…

Mumbai-based blockchain firm Qila.io is gearing up to help introduce transparency in the field of clinical research using blockchain technology. Earlier this week, the company partnered with clinical research firm Mascot Spincontrol, which is also headquartered in India’s financial capital. The project aims to protect the integrity of medical research work using secure and tamper-proof…

Binance, the world’s largest cryptocurrency exchange, has registered with India’s Financial Intelligence Unit (FIU), a senior FIU official said on Friday, as the exchange seeks to resume operations in the country. The exchange was barred from operating in India in December for non-compliance with local regulations as part of the financial watchdog’s crackdown on offshore…

Binance has been fined by Canada’s anti-money laundering agency for violating the country’s anti money laundering laws. The largest crypto exchange in the world was previously probed by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for flouting regulations last year. The action against the firm comes shortly after CEO Changpeng Zhao was…

The crypto chart reflected more gains than price dips on Friday, May 10. Bitcoin recorded a minor price hike of 2.03 percent to trade at $66,115 (roughly Rs. 55.2 lakh) on Indian exchanges like CoinSwitch. On international exchanges, meanwhile, the asset is trading at a slightly lower price point of $62,879 (roughly Rs. 52.5 lakh)….

The sector of blockchain-based Web3 is rife with buzzwords and the latest one to emerge on top of the heap is called SocialFi. Comprised of two words – social and finance – SocialFi is a category of Web3 sector that brings together social networking and decentralised finance (DeFi). Essentially, the concept of SocialFi is to…

The CEO of cryptocurrency exchange Binance on Tuesday accused Nigeria of setting a dangerous precedent after its executives were invited to the African country and then detained as part of a crackdown on crypto. Binance, the world’s largest crypto exchange and two of its executives face separate trials on tax evasion and money laundering, which…

Bitcoin on Wednesday, May 8 showed a minor dip of 1.45 percent which it incurred over the last 24 hours. The asset, most expensive on the crypto chart, is presently trading at the price point of $66,695 (roughly Rs. 55.6 lakh) on Indian exchanges like CoinSwitch. On international exchanges like CoinMarketCap, the value of Bitcoin…

Robinhood, the US-based crypto trading service has found itself under legal issues in the US. Earlier this week, the US Securities and Exchange Commission (SEC) issued a ‘Wells Notice’ against Robinhood. With this, Robinhood has joined the list of several other crypto firms, that have had to face the SEC and explain the intricacies of…

India’s trials of its eRupee digital currency are already in its advanced phases, paving way for its widespread adoption and use in the coming months. In a fresh development, RBI governor Shaktikanta Das disclosed some more intricacies about the eRupee while also giving hints about what RBI has in plans for this CBDC in the…

Just a week after Coinbase reported a spike in its first quarter revenue, the exchange has found itself embroiled in a lawsuit. A group of six users of the exchange have alleged in a lawsuit that Coinbase, under its CEO Brian Armstrong, are violating state securities laws and deceiving users by claiming that the exchange…

The cryptocurrency sector did not undergo any major change over the weekend. Bitcoin on Monday, May 6 found itself trading at $59,615 (roughly Rs. 49.7 lakh) in India, after managing to mint a negligible gain of 0.46 percent. In the last 48 hours, the value of Bitcoin has clocked a rise of $1,925 (roughly Rs….

Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating US laws against money laundering at the world’s largest cryptocurrency exchange. Once considered the most powerful crypto industry figure, Zhao, known as “CZ,” is the second major crypto boss to be sentenced to…

Japan-based watch making brand Casio has decided to engage with a younger generation of clientele. Casio has launched an NFT series with eight digital art pieces that have been created in partnership with Astar zkEVM. Banking on Japan’s gaming culture, Casio’s NFTs will be made available on Astar’s Yogi Origin game. In recent years, Japan…

After Binance and Coinbase, the authorities in the US are now reportedly opening an investigation on the crypto business of Jack Dorsey’s payments firm, Block. As per reports, the US authorities have identified compliance violations from the fintech company that has now opened a deeper probe into its business practices. For some time now, authorities…

Google Cloud, in recent times, has been taking multiple steps to establish itself as a pro-Web3 entity. Now, Solana Labs has joined forces with Google Cloud. Through this partnership, the team behind the eco-friendly green blockchain will use the capabilities of Google Cloud to offer its own blockchain-based game development suit to developers. With this,…

When two individuals or entities decide to exchange any asset directly between each other, this process is referred to as peer-to-peer (P2P) trading. In these transactions, the need for a mediator is eliminated, which reduces the fee of this mediator, hence making the process of transactions more cost effective. Before cryptocurrencies were introduced, computers used…

The last few weeks have pushed Bitcoin under the price point of $60,000 (roughly Rs. 50 lakh) for the first time in two months. As of Friday, May 3, Bitcoin was trading at the price point of $57,690 (roughly Rs. 48 lakh) as per Indian exchanges. With a loss of around 0.15 percent, the value…

The Enforcement Directorate on Tuesday said it has taken possession of funds worth Rs. 90 crore, kept in cryptocurrency wallets of exchanges like Binance, ZebPay and WazirX, as part of a money laundering investigation linked to an online gaming app “scam”. “These crypto assets were subsequently taken into possession and transferred into the crypto wallet…

The overall tech sector is presently on a boom with blockchain-based Web3 making an entry across verticals. In a fresh development, Google Cloud has teamed up with a Layer-1 blockchain platform Sui to integrate blockchain solutions with Artificial Intelligence (AI) and other tech initiatives. As part of this partnership, Google is initiating another step in…

Vietnam is ramping up efforts to join other Asian nations like India, Japan, China, and South Korea in exploring the distributed ledger technology, also called the blockchain tech. The country recently launched its Academy of Blockchain and AI Innovation (ABAII) with the aim to train a million people in using these advanced technologies. The aim…

The crypto price chart found itself drenched in losses on Wednesday, May 1. Bitcoin recorded a significant dip of 5.20 percent on Wednesday. With this, the price of the oldest cryptocurrency dropped to a two-month low of $60,170 (roughly Rs. 50.2 lakh) on Indian exchanges, showed the crypto price tracker by Gadgets360. As per foreign…

In a bid to test the use of blockchain in the governance sector, IIT Madras has moved its student election systems from servers to blockchain. As part of a college club dedicated to blockchain-related research work, students at the prestigious engineering college are attempting to test the technology along the themes of voting and IP…

India, despite its slow adoption of Web3 technologies and services, has emerged as a region of focus for several companies working around cryptocurrencies, metaverse, and NFTs. In a fresh development, UK-based crypto wallet firm Cashaa has announced the expansion of its services to India and other locations that include Turkey, Indonesia, Kenya, South Africa, as…

The metaverse market, that is expected to grow at an annual rate of 37.7 percent in the next six years, is estimated to reach the valuation of $74.4 billion (roughly Rs. 6,20,918 crore) by the end of 2024. Gearing up to withstand the force of advancements in Web3, IIT Madras has begun drafting policies to…

Bitcoin on Monday, April 29 stepped into the trading rink at the price point of $63,192 (roughly Rs. 52.6 lakh) after recording a loss of 0.57 percent in India. On international exchanges such as Binance, Bitcoin is trading at an almost similar price of $63,102 (roughly Rs. 52 lakh). As per market analysts, Bitcoin’s short-term…

Thailand has decided that all crypto firms operating within its provincial limits must be officially licenced and approved to conduct businesses. The global crypto market has been swelling by the day, especially now when majority cryptocurrencies including Bitcoin are undergoing a bull run. With more investors flocking to the crypto circle, governments from around the…

Indian crypto exchange WazirX released its sixth transparency report on Tuesday, April 23. This report highlights what the company observed in the last five months, between October 2023 and March 2024. Among a bunch of details shared, WazirX claimed that it received a total of 1,700 requests from the law enforcement agencies and all these…

US prosecutors want Changpeng Zhao, the founder and former chief executive of Binance, the world’s largest cryptocurrency exchange, to serve three years in prison after he pleaded guilty to violating laws against money laundering. Prosecutors made the request in a Tuesday night filing in Seattle federal court. They said sentencing Zhao to twice the maximum…

In the aftermath of the recent crypto bull run, Australia has clocked a rise in the number of active cryptocurrency ATM machines. In a recent update, data by Coin ATM Radar showed that the current number of crypto ATM machines in Australia stood at the mark of 1,007. With this, Australia now holds the third…

With an evident expansion of the global crypto economy underway, the industry of crypto mining has emerged as an integral part of the overall Web3 ecosystem. Jack Dorsey, the founder and former CEO of X (formerly Twitter) has realised the potential of the growing crypto mining business and has forayed into the industry. Dorsey, through…

More number of cryptocurrencies, as of Wednesday, April 24 saw losses owing to the volatility that has taken over the market post the BTC halving. Bitcoin recorded a loss of 0.56 percent to trade at the price point of $65,693 (roughly Rs. 54.7 lakh), as per the crypto price tracker by Gadgets360. On international exchanges…

The year of 2024 has seemingly ushered in an exciting time for the Bitcoin ecosystem. Right from Bitcoin ETFs getting approved for trading in the US this January, to its most recent halving event – a lot has been going on in the Bitcoin habitat. In another latest development, a new name has entered the…

The past few months have been quite the up-hill ride for the crypto sector, marking some major milestone moments that shook the industry out of a long slumber. With most cryptocurrencies including Bitcoin having seen significant spikes in their prices, several new tokens have managed to find their way inside the crypto circle in recent…

Bitcoin on Monday, April 22 joined majority cryptocurrencies on the loss side of the crypto chart. The value of the asset, at the time of writing, stood at $62,734 (roughly Rs. 52.3 lakh) after minting a profit of 2.20 percent as per Gadgets360’s crypto price tracker. On international exchanges like Binance, however, Bitcoin is trading…

The Web3 sector is witnessing a rapid expansion globally, as clusters of countries are collectively (as well as independently) setting guidelines and legal frameworks to regulate the sector. In a bid to explore ways to grow the Web3 ecosystem in Asia, Web3 support groups from India and Japan have decided to team up to boost…

Several crypto investors in India have failed to pay 30 percent tax on profits they made via crypto activities in the last two years, possibly due to regulatory unclarity and lack of customer awareness, crypto tax firm Taxnodes has warned, urging the community to pay their crypto taxes on time. In conversation with Gadgets360, the…

The crypto chart mostly reflected losses on Friday, April 19. Bitcoin, for instance, is trading at $61,815 (roughly Rs. 51.6 lakh) having recorded a loss of 0.23 percent. This is Bitcoin’s trading value in India, as per the crypto price tracker by Gadgets360. On international exchanges like Binance, Bitcoin is trading at $62,160.14 (roughly Rs….

A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.  The once-every-four-years event cut in half the so-called mining reward, which is the amount of Bitcoin released from the network to compensate companies…

Joining the Indian government in regulating the crypto sector and making it safe for engagement, the Bharat Web3 Association (BWA) has laid down some rules for service providers in the crypto sector to adhere to. The Web3 industry group has released guidelines for crypto exchanges to follow while considering the listing of new altcoins on…

India’s crypto market is not an easy one to let go of for Binance, that is now working on making a re-entry into the country. Touted as the largest exchange for cryptocurrencies in the world, Binance recently lost operational permits in India because it did not meet the compliance guidelines laid out by the Indian…

Bitcoin is set to undergo its fourth halving process between April 18 and April 21. There can only ever be 21 million tokens of Bitcoin. At present, over 19.6 million BTC tokens are already in circulation. Satoshi Nakamoto, the anonymous founder of Bitcoin added pre-programmed halving to the network in order to slow down the…

Norway, in the coming days, is regulating the operations of data centres within its jurisdiction. The aim is to identify energy-intensive operations like the ones pertaining to crypto mining and put a stop to them. Since Norway faces extreme cold weather conditions for a significant part of the year, the government there wishes to ensure…

Adidas has entered into a partnership with Stepn, a Solana-based move-to-earn application, to offer generative NFTs to users. As a product of this partnership, a new NFT collection featuring Adidas sneakers was launched on Wednesday. For Adidas, creating digital avatars of their popular sneakers as NFTs is a way of connecting with the newer and…

The crypto market seems to be experiencing a period of relative stability, with fewer fluctuations. Bitcoin on Wednesday saw a profit of 2.33 percent, which took its trading value to $63,815 (roughly Rs. 53.3 lakh), as per the crypto price tracker by Gadgets360. In the last 48 hours, Bitcoin’s India value has risen by $918…

A Metaverse Experience Centre (MEC) has been established in Noida by Indian metaverse research and advisory firm Metaverse911. On Tuesday, the firm officially announced the launch of this experience centre, inviting industry leaders as well as other Web3 enthusiasts to discover the potential of the technology. Through the centre will let visitors indulge in immersive…

In a rather pro-crypto move, Hong Kong has greenlit the trading of Bitcoin and Ether Spot Exchange-Traded Funds (ETFs). With this move, traders in Hong Kong will get the chance to invest in Bitcoin and Ether via traditional stock markets. This eliminates the need for traders to enter the ecosystems of crypto exchanges just to…

The US, where estimates suggest 40 percent of adults currently hold crypto assets, is expecting to see a rise in tax evasion cases. The US’ Internal Revenue Service (IRS) is already gearing up to handle these cases. The information was disclosed by Guy Ficco, the chief investigating officer of the IRS in the US. Ficco…

The overall crypto market, including Bitcoin, did not see any major changes over the weekend. Volatility continues to obstruct profit streaks for several cryptocurrencies. Bitcoin, for instance, stepped into Monday, April 15 trading at a loss of 1.40 percent. The current price point of Bitcoin is at $62,897 (roughly Rs. 52.5 lakh) in India, as…

The crypto market reflected mixed sentiments on Monday, April 8 with more cryptocurrencies showing losses than profits. Bitcoin showed a miniscule gain of 0.03 percent on Gadgets360’s crypto price tracker – taking its exchange value to $66,570 (roughly Rs. 55.4 lakh) in India. On international platforms like CoinMarketCap, the value of BTC touched the mark…

India has reportedly shown remarkable growth in blockchain adoption in 2023. While mostly crypto-sceptic, the tech-friendly nation now boasts over a thousand startups, some even with unicorn statuses, working in the field of Web3. Touted as the third iteration of Internet as we know and use today, Web3 will reduce the reliance on centralised servers…

El Salvador is reportedly in a tense situation with the International Monetary Fund (IMF) for merging Bitcoin with its core financial system. Bitcoin, the oldest and the most expensive cryptocurrency, is accepted as a legal currency in El Salvador alongside the US Dollar, which is the nation’s fiat currency. This financial dalliance of El Salvador…

Dubai, that has emerged as a hotspot for crypto activities, is taking a new approach to inject power and support into smaller Web3 players. VARA, the Web3 regulatory body of Dubai wishes to make the operational and compliance process for small players more cost effective. Figuring out a way to manage and reduce compliance costs…

Bitcoin’s price rose by 0.93 percent on Thursday ahead of the upcoming fourth Bitcoin halving process, raising the value of the currency to $66,615 (roughly Rs. 55.5 lakh), as per the crypto price tracker by Gadgets360. In the last 24 hours, the value of BTC rose by $468 (roughly Rs. 39,025). On international exchanges, meanwhile,…

Samsung, the South Korean tech giant, has been taking small steps to engage with Web3 without directly exposing its massive user base to volatile digital assets. In a fresh development, Samsung has announced a partnership with metaverse game Wilder World. Through this partnership, Wilder World will provide NFT rewards to fifteen customers of Samsung’s exclusive…

Spot bitcoin exchange-traded funds could be launched in Hong Kong this month with the first approvals likely to be announced next week, two people familiar with the matter said. That timeline would make Hong Kong Asia’s first city to offer the popular ETFs and is much faster than industry expectations of launches sometime this year….

New Zealand’s ministry of commerce and consumer affairs have warned the country leaders against keeping a slow approach on cryptocurrencies. In a recent development, minister Andrew Bayly has asked the Australian government to finalise its stance on crypto before it’s too late. This is the time that the crypto sector is just setting its roots…

The crypto sector is undergoing a phase of volatility now that Bitcoin is approaching its fourth halving process later this month. Bitcoin on Wednesday, April 10 recorded a loss of 2.30 percent. With this, the value of Bitcoin has fallen to $66,147 (roughly Rs. 55 lakh) as per Gadgets360’s crypto price tracker. On international exchanges…

A new crypto debit card has entered the fintech ecosystem, programmed with the crypto-to-fiat bridge functionality. DeFi firm 1inch has collaborated with cards payment giant Mastercard to launch this card. The card has been developed by Baanx, a cryptocurrency payments specialist authorised by the UK’s Financial Conduct Authority (FCA). Mastercard believes that crypto-enabled cards make…

India, in a bid to ensure that the crypto sector is safe for investors, has been tightening the noose around crypto players. Now, KuCoin has become the latest international crypto exchange to have completed compliance with India’s Financial Intelligence Unit (FIU). In February, the government of India had issued an alert to all crypto players…

The Bitcoin ecosystem is gearing up for its fourth halving event, slated to take place in the next two weeks. In the backdrop of this upcoming significant development in the ecosystem, bitcoin miners have begun offloading their crypto holdings in buslk. There are several factors behind this BTC selling spree seeding from the mining community,…

The crypto chart reflected gains next to most cryptocurrencies on Tuesday, March 26. Bitcoin stepped into the trading arena on Tuesday, reflecting a profit of five percent. Its current trading value stands at $67,730 (roughly Rs. 56.4 lakh). In the early hours of the day however, Bitcoin did manage to breach the mark of $70,000…

The crypto sector underwent tremendous ups and downs in the month of March, with Bitcoin reaching an all-new high of over $73,000 (roughly 60.8 lakh). On Monday, April 1, Bitcoin recorded a minor gain of 1.35 percent to trade at $67,014 (roughly Rs. 55.8 lakh) in India. The most expensive asset on the crypto block,…

The last 24 hours brought reductions in the prices of majority cryptocurrencies as the crypto market took what experts are calling a ‘bearish turn’. Bitcoin on Tuesday, April 2 showed a loss of 1.24 percent. With this, the value of the asset receded to $66,102 (roughly Rs. 55.1 lakh). Market analysts had been calling $67,000…

The volatile element of the crypto sector is nowhere near its end as several cryptocurrencies are still struggling to find a stable price point to trade at. Bitcoin on Wednesday, April 3, reflected a loss of 0.33 percent. With this, its trading value has come to the mark of $65,448 (roughly Rs. 54.5 lakh). Over…

Google is taking a conscious approach towards identifying risky apps being promoted on its Play Store. In a fresh development, the search engine giant has identified two suspects who could have been using the app storefront to advertise fraudulent crypto apps. In order to deal with this situation, Google has filed a lawsuit against two…

Several countries, including India, are expanding central bank digital currency (CBDC) trials, hoping to integrate then with their existing financial systems. The Reserve Bank of India has proposed the expansion of support for the digital rupee CBDC within the retail ecosystem beyond banks. In the coming days, the RBI is expected to start circulating the…

The crypto market volatility is only getting heated up by the day but is also spelling losses for majority altcoins on an almost regular basis. Bitcoin on Thursday, April 4 recorded a loss of 1.62 percent. This took its trading value to $64,354 (roughly Rs. 53.7 lakh). In the last 24 hours, the value of…

Mark Zuckerberg, the chief of Meta (previously Facebook) recently disclosed revenue details about the company’s last quarter. Meta clocked a revenue of $40.1 billion (roughly Rs. 3,34,416 crore) between September and December. In total, the social media and Web3 mammoth managed to reel-in $134.9 billion (roughly Rs. 11,25,119 crore) in the year of 2023. On a…

The month of March proved to be quite the lucrative period for the overall cryptocurrency sector. While Bitcoin attained its new all-time high and Ether came close to creating its own, several altcoins also recorded a notable upswing in their respective trajectories. Indian crypto exchange WazirX, on April 2, released a list of the five…

CoinDCX, the Indian crypto exchange platform, has decided to let its users integrate DeFi wallets from within its platform. The aim is to ease the connectivity between centralised exchanges and DeFi wallets. To do so, the exchange has announced a partnership with a US-based fintech firm Mesh. With this, the exchange could be attempting to…

China is accelerating efforts to establish a massive blockchain network, despite its strict anti-crypto stance. The goal is to allow the government of China to engage in blockchain-related activities, especially in a cross-border setting. The Chinese government has launched the ‘Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative’. Announced in 2013, China’s…

The recent few years have not been smooth sailing for Binance, which has time and again found itself surrounded by legal issues. In a first, Binance Holdings has established a board of directors comprising of seven members – who will weigh-in on the company’s decision making and business-related resolutions as an assistance to CEO Richard…

The crypto market valuation, for the first time since 2021, is close to its last all-time high of $3 trillion thanks to Bitcoin, ETH, and other cryptocurrencies undergoing a bull run. Startups looking to establish their name in the crypto sector are taking this bull phase seriously and are swarming towards accelerator programmes. Subsequently, the…

Bitkub Capital Group Holdings, the owner of Thailand’s biggest crypto exchange, is planning an initial public offering for 2025, Chief Executive Officer Jirayut Srupsrisopa said in an interview on Monday. Jirayut said Bitkub plans to go public on the Stock Exchange of Thailand in an effort to boost the company’s profile and raise money. Bitkub…

The UK, in another crypto-friendly development, has decided to merge its traditional regulated market with crypto. Starting May 28, the London Stock Exchange (LSE) will launch exchange traded notes (ETNs) for Bitcoin and Ether. It is notable, that these ETNs will only be made available to professional investors and traders. With this, the UK has…

Majority cryptocurrencies registered losses on Thursday, March 28 in the aftermath of industry players like Binance, Coinbase, and KuCoin facing legal issues in different parts of the world. Bitcoin on Thursday managed to see a miniscule gain of 0.06 percent. With this, the value of Bitcoin has come to the point of $67,145 (roughly Rs….

Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion (roughly Rs. 66,678 crore) from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind’s dramatic downfall. US District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing…

Bitcoin on Friday, March 29 saw a loss of 0.18 percent. The value of Bitcoin, at the time of writing stood at $67,034 (roughly Rs. 55.8 lakh). In the last 24 hours, the value of Bitcoin tumbled by $111 (roughly Rs. 9,250). Market experts believe that in the coming days, the most expensive asset could…

The Financial Action Task Force (FATF) has expressed concerns that not many nations have implemented the rules it had laid down to regulate the virtual digital assets sector. In a report issued by the FATF, the delay in deploying and adoption of these crypto-related rules is leaving room for criminal activities to take shape. The…

Google, in a crypto-supportive move, has decided to show balances of crypto wallets through a simple Google search. The balance information for wallets based on the blockchains of Bitcoin, Arbitrum, Avalanche, Optimism, Polygon, and Fantom will now be shown on Google once the wallet address is correctly typed into the Search bar. Heavily visited web…

US prosecutors charged KuCoin, one of the world’s largest cryptocurrency exchanges, and two of its founders for failing to comply with American anti-money laundering rules. Since KuCoin’s inception in September 2017, the exchange “willfully failed” to establish and maintain a program to keep the platform from being used for illicit activity, including terrorist financing, federal…

Velar, a Bitcoin-powered liquidity protocol, has announced the launch of its native token that also goes by the same name. The token is being launched into the trading arena through ByBit, touted as the second largest crypto exchange in the world following Binance. The team of Indian developers behind this project claim that this launch…

Majority of the popular cryptocurrencies are trading in losses as of Wednesday, March 27. Bitcoin on Wednesday registered a price dip of 0.65 percent to trade at $67,288 (roughly Rs. 56 lakh). Over the last 24 hours, the value of Bitcoin dipped by $442 (roughly Rs. 36,830). As per market analysts, the asset saw equal…

At a time when cryptocurrencies are snapping out of a two-year slumber period to sprint on a bull run, the largest crypto exchange in the world is facing multiple legal crisis in different parts of the world. The government of Philippines, in a fresh development, has announced a ban on Binance citing its lack of…

Global bank messaging network SWIFT is planning a new platform in the next one to two years to connect the wave of central bank digital currencies now in development to the existing finance system, it has told Reuters. The move, which would be one of the most significant yet for the nascent CBDC ecosystem given…

Hong Kong is continuing its efforts to regulate crypto exchanges and crack down on those that are fraudulent and unregistered in the special administrative region (SAR) of China. The cryptocurrency market, currently valued at $2.60 trillion (roughly Rs. 2,16,86,900 crore), has attracted both legitimate entrepreneurs and unscrupulous groups from around the world in recent years….

Majority crypto assets underwent price fluctuations over the weekend after the US decided to not revise or lower interest rates. Stepping into the third week of March, the crypto price chart looked bifurcated between profit-minting and loss-ridden cryptocurrencies. Bitcoin on Monday, March 18 minted a small gain of 0.08 percent – taking its trading value…

A number of cryptocurrencies seem to be getting back on the profit track, after seeing a brief period of price correction. Bitcoin on Friday, March 22 stepped into the trading arena at the price point of $64,950 (roughly Rs. 54.13 lakh). Bitcoin did see a minor loss of 1.60 percent on Friday, but its value…

India has tightened its noose around crypto-related businesses, mandating sector firms to comply with certain legal requirements. Failing to comply with these rules, crypto exchange OKX has decided to exit India’s crypto sphere. The Seychelles-headquartered exchange informed its Indian community on March 21 that they should close their accounts on the platform before April 30….

Crypto enthusiasts are seemingly taking advantage of the ongoing bull run, generating major activities across blockchain networks. The eco-friendly Solana blockchain, on the scale of most popular, has managed to defeat Ethereum in recent days. The credit for this goes to the frenzy of Solana-based NFTs and memecoins that have captured the attention of the…

Coinbase is seemingly exploring ways to add more services to its portfolio that makes people reach its platform and engage with digital assets in varied manners. The crypto exchange is now planning to launch a futures trading service for Dogecoin. Through futures trading, people can hedge against the future values of an asset under smart…

BlackRock Inc. is preparing to offer a fund through a partnership with digital-asset specialist Securitize, making it the latest Wall Street behemoth to experiment with putting money on blockchains. The world’s largest asset manager said it plans to launch “BlackRock USD Institutional Digital Liquidity Fund Ltd.” with Securitize, a digital-asset firm specializing in tokenization, according…

The overall crypto market, after witnessing a bull run earlier this month, is presently undergoing some notable volatility. Bitcoin on Wednesday, March 20 reflected a loss of 5.38 percent. The trading value of crypto market’s most expensive asset currently stands at $62,800 (roughly Rs. 52.1 lakh). In the last week, the value of BTC reached…

The Web3 gaming sector is on the cusp of going mainstream with notable game publishers now shifting their focus towards emerging fresher technologies. In order to attract web3 game developers to put their best foot forward, three parties have formed an alliance. Venture firms Immutable and King River Capital along have tied up with blockchain…

After maintaining a distance from the social networking space, Binance founder and former CEO Changpeng Zhao seems to be on track for a comeback. In a post on X, Zhao said he is going to be launching a new project called Giggle Academy. This is a free-for-all education project that aims to provide basic education…

Bitcoin, the most expensive asset of the crypto sector, is seemingly grabbing the attention of Japan’s pension fund. The largest pension fund in Japan is considering diversifying investment portfolios, splitting focus from traditional assets. The information was disclosed by Japan’s Government Pension Investment Fund (GPIF) this week. Bitcoin’s appeal is not going unnoticeable by GPIF…

The metaverse technology, that creates hyper-realistic virtual ecosystems, is grabbing the attention from the manufacturing sector in the US. This detail has been disclosed in a recent report published by the World Economic Forum (WEF). The metaverse is poised to supercharge the upcoming phase of the industrial revolution, the report says. Compatible with cryptocurrencies and…

Dubai, the emerging global hotspot for Web3 activities and businesses, has taken another crucial step to make things more lucrative for interested folks. A layer of regulations dedicated to overseeing the Web3 sector, has been laid upon the Dubai International Financial Centre (DIFC). This special economic freezone located in Dubai, was put in place in…

MicroStrategy, a pro-Bitcoin business intelligence firm, is not airdropping any crypto token represented as MSTR. In the early hours of Monday, February 26, the X account of MicroStrategy was reportedly hacked by notorious scammers. The account, with over 196,000 followers, found itself flooded with posts showing links where people could click and register for the…

Bitcoin on Monday, March 11 registered a loss of one percent. The most expensive cryptocurrency in existence, Bitcoin is presently trading at the price point of $68,481 (roughly Rs. 56.6 lakh). This is the closest it has come to its previously set all-time high pricing of $69,225 (roughly Rs. 57.2 lakh). Over the weekend, Bitcoin…

Cryptocurrencies, the unconventional newbie in the world of finance, is laced with hidden or lesser-known features that when put to use, could safeguard funds against losses. One such feature is called the Hashed Timelock Contract (HTLC). An HTLC is a time-bound smart contract, that allows transfers of crypto funds only after the receiving party punches…

Using the world’s most commercially successful blockchain ecosystem is about to get much cheaper after the latest software upgrade of the Ethereum network. Referred by developers as Dencun, the update slated for March 13 is expected to dramatically lower expenses for so-called Layer 2 networks — dozens of chains like Arbitrum, Polygon and Coinbase Global’s…

The overall crypto price chart saw losses on Friday, March 15. Bitcoin, that had been rallying for days, was hit with a notable loss of 7.90 percent. At the time of writing, Bitcoin was trading at $67,765 (roughly Rs. 56.1 lakh). Over the last day, the value of BTC has decreased substantially by $5,353 (roughly…

The Web3 sector in India is currently under regulatory maintenance, with the government gradually deploying rules to safeguard the finances involved with the digital assets industry. Finance Minister Nirmala Sitharaman was asked Friday about India’s stance on cryptocurrencies. Sharing her response, the minister said that cryptocurrencies were not seen or perceived as ‘currency’ in India….

Bitcoin on Thursday, March 14 minted a gain of 1.75 percent. The price of Bitcoin, at the time of writing, stood at $73,118 (roughly Rs. 60.5 lakh). Despite the overwhelming market situation, Bitcoin has managed to hold ground over the price point of $73,000 (roughly Rs. 60.4 lakh) for more than 48 hours now. Analysts…

The digital assets industry in India marked a landmark day on March 13 after the NFT sector got a straightforward acknowledgement from the Indian railways. In a bid to celebrate the spirit of Holi, the IRCTC has unveiled colourful NFT tickets for two Tejas trains running between the cities of Delhi and Lucknow. The IRCTC…

The crypto sector is currently undergoing a bull run, with Bitcoin trading at its all-time high of over $71,733 (roughly Rs. 59.3 lakh). Taking advantage of all the buzz surrounding BTC at this point, Indian exchange CoinDCX has initiated its new crypto awareness campaign called KnowBitcoin. The crypto exchange, in order to entice more people…

With the advent and now visible growth of cryptocurrencies, traditional market practices are looking at an urgent revamp around the world. Earlier this week, Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (SEBI), highlighted some important tweaks for traditional markets to implement on priority to retain its investor-base. Buch said if…

Bitcoin, for the first time since its inception in 2009, impressively spiked to a trading price of $71,733 (roughly Rs. 59.3 lakh) on Tuesday, March 12. This is Bitcoin’s latest all-time high (ATH) since the company went past the $69,000 (roughly Rs. 57 lakh) mark it achieved in November 2021. In the last 24 hours,…

Sony is trying to carve a new niche within the NFT sector, as hinted by the company’s recent patent application. This new category of digital collectibles that Sony is planning to foray into, via its games, is called ‘Super Fungible Tokens’. The NFT sector, due to its highly speculative nature, has seen several ups and…

US’ Federal Bureau of Investigation (FBI) recorded a significant rise in crypto investment scams in 2023. In its recently released ‘Internet Crime Report 2023′, the FBI claimed that crypto investment scams rose by 53 percent last year. In investment scams, fraudsters offer crypto investment advice to potential victims and get them to invest in fake…

Members of India’s crypto community can now invest in spot Bitcoin ETFs (exchange-traded funds) through Mudrex. The Indian crypto investment platform announced the roll-out of this service on its app on Monday, March 11. Both, retail as well as institutional investors will be able to use this service to engage with Bitcoin trading without having…

Bitcoin, in these last two weeks, has shown an unprecedented rally in its price owing to massive inflows in BTC ETFs. Stepping into the first week of March, the rally of Bitcoin seems to be affecting all other cryptocurrencies. Bitcoin on Monday, March 4 recorded a profit of 2.27 percent. The asset is trading at…

The CBDC concept in Japan, has not quite spread out to the residents there, new findings have shown. Less than 20 percent of Japan’s population is familiar with the term CBDC, claimed Kazuo Ueda, the governor of the Bank of Japan (BoJ), during a recent speech. He also noted that another 20 percent Japanese residents,…

Bitcoin, that underwent a small price correction period recently, has returned to the profit-side of the crypto chart. On Thursday, March 7 Bitcoin minted a small gain of 0.12 percent that took its trading value to $65,002 (roughly Rs. 53.8 lakh). Over the last day, the value of BTC has spiked by $1,297 (roughly Rs….

India, despite its sceptic stance towards cryptocurrencies, is all in favour of conducting research and development around blockchain – the underlaying technology that powers cryptocurrencies. In a fresh development, the National Payments Corporation of India (NPCI) has joined forces with the Indian Institute of Science (IISc), Bengaluru. The aim of this partnership is to conduct…

The crypto price charts, on Friday, March 8, reflected profits for a bunch of cryptocurrencies. Bitcoin on Friday recorded a gain of 2.03 percent that took its price point to $66,394 (roughly Rs. 54.9 lakh). This is a gradual escalation of BTC price by $1,392 (roughly Rs. 1.15 lakh) from its value yesterday. As per…

The short-lived rally of the Worldcoin popularity came to a halt in several nations in recent months. Worldcoin’s user data collection via eye scans has raised concerns among several governments around the world. This week, Spain became the latest nation to ban Sam Altman’s ambitious project from collecting personal data and biometrics of Spanish citizens….

A charge-sheet has been filed under the anti-money laundering law against 299 entities, including 10 persons of Chinese origin, in an investigation linked to alleged duping of investors in the name of mining cryptocurrencies such as Bitcoins, the Enforcement Directorate said on Wednesday. A special court in Dimapur in Nagaland on Tuesday took cognisance of…

Every year since 1975, March 8 is observed as International Women’s Day as per the UN’s declaration. Binance, touted as the world’s largest exchange, decided to appeal to potential women investors, entrepreneurs, and developers through a new kind of product – a perfume. Binance has announced the launch of a fragrance named ‘Crypto’, curated especially…

Bitcoin, the most expensive asset on the crypto chart, has been recording regular pumps these recent days. On Wednesday, March 6 Bitcoin registered a loss of 6.20 percent to trade at $63,705 (roughly Rs. 52.8 lakh). In the last 24 hours, the value of Bitcoin briefly rose to $69,200 (roughly Rs. 57.3 lakh) before dipping…

Coachella, touted among world’s most famous annual music festivals held in the US, is trying a second stab at launching NFTs with VIP benefits for holders. To do so, the music and arts festival conglomerate has teamed up with OpenSea, the world’s largest NFT marketplace that operates only digitally. Coachella has decided to release a…

The last 24 hours, Bitcoin has come closest to it last attained all-time high of around $69,000 (roughly Rs. 57.2 lakh), which it touched in 2021. On Tuesday, despite registering a loss of 1.81 percent, Bitcoin’s price reached a high point of $65,036 (roughly Rs. 53.9 lakh). In the last 24 hours, the value of…

Brazil, Russia, India, China and South Africa – the five nations that constitute the BRICS group – are trying to reduce their dependency on the US dollar. To bring this wave of de-dollarisation into effect, the BRICS group is planning to develop a digital payment network, backed by digital currencies. This information has been disclosed…

Binance’s new CEO, Richard Teng, joined the company in November 2023 after its founder and former CEO Changpeng Zhao pleaded guilty in the US for violating money laundering laws. As the waters were seeming to settle around Binance’s internal turmoil, it’s new CEO also may have found himself in a similar situation. Nigeria’s House of…

The metaverse technology seems to have a bright future in India, use cases of which are being foreseen in plenty by experts from the industry. In a recent conversation with Gadgets360, Dilip Chenoy, the chairperson of Bharat Web3 Association highlighted a special industrial use case of the metaverse. Chenoy said, the hyper-realistic visuals that metaverse…

A US judge on Friday accepted Binance’s guilty plea and more than $4.3 billion (roughly Rs. 35,635 crore) penalty for violating federal anti-money laundering and sanctions laws through lapses in internal controls at the world’s largest cryptocurrency exchange. US District Judge Richard Jones in Seattle approved the plea, which includes a $1.81 billion (roughly Rs. 15,000…

The rise in spot Bitcoin ETF activities have propelled the oldest and most expensive cryptocurrency to its highest price point since 2021. On Tuesday, February 27, Bitcoin’s value stood at around $55,753 (roughly Rs. 46.2 lakh) after the asset logged a profit of 8.38 percent in the last 24 hours. Before stabilising at this point,…

Bitcoin is undergoing a period of rally with its pricing going higher by the day. The asset on Wednesday, February 28 recorded a gain of 2.20 percent. At the time of writing, Bitcoin was trading at the price point of $56,992 (roughly Rs. 47.2 lakh). For a brief time, the asset did touch the mark…

The leadership at Telegram has decided to share advertisement-based revenue with channel owners on its platform. These rewards will be allocated in the form of Toncoin – the native cryptocurrency of the TON blockchain. So essentially, when advertisements displayed on a particular channel fetch revenue, 50 percent of it will be given to the owner…

The developers maintaining the Shiba Inu ecosystem are deploying a new layer of security to improve the network’s privacy settings. The Shiba Inu team is developing this security protocol in partnership with Zama, a cryptography company that confirmed the development on X this week. The name of this security protocol under development remains unknown for…

Finnish telecom major Nokia estimates that by 2030, the demand in Internet network will explode with advanced tech like Web3, Metaverse, and Artificial Intelligence taking centre stage. Nokia, moving forward, is planning strategies to make its equipment and services capable of handling the demand load. The company will be laying special focus on bringing its…

Sam Bankman-Fried’s lawyer urged a judge on Tuesday to impose a lenient sentence for the FTX founder’s conviction for stealing $8 billion (roughly Rs. 6,63,30 crore) from customers of the now-bankrupt cryptocurrency exchange, arguing clients would get most of their funds back. In a sentencing submission, Bankman-Fried’s lawyer Marc Mukasey told U.S. District Judge Lewis…

Bitcoin is pumping, folks! The asset, for the first time since November 2021, has crossed the mark of $61,000 (roughly Rs. 51 lakh). On Thursday, February 29, Bitcoin recorded a profit of 8.32 percent that took its price to $61,746 (roughly Rs. 51.4 lakh). In the last 24 hours, the value of Bitcoin has risen…

The NFT sector is seemingly making a mark in the Web3 arena again after it underwent a bit of a downturn last year. The Bitcoin NFTs on the Magic Eden marketplace have reportedly managed to reel in $100 million (roughly Rs. 829 crore) in monthly trading volume in February. Findings from fresh analysis have disclosed…

The crypto scene in India is getting more sophisticated with the government gradually deploying regulations to oversee the industry’s safety. In a bid to get a better understanding of what the Indian crypto community really wishes for, CoinDCX crypto exchange has decided to do something simple and effective — ask the community members. The aim,…

Bitcoin, the oldest and most expensive cryptocurrency, is exploding in value now that its next scheduled halving is scheduled for April. As of Tuesday, February 27, Bitcoin is trading at its two-year high price point of $55,753 (roughly Rs. 46.2 lakh). As the cryptocurrency is rising in value, its anonymous creator who goes by the…

Brazil took the reins of the G20 presidency from India in December 2023 and will continue to preside over the organisation until November this year. Crypto-related policy formulation, asset tokenisation, and responsible handling of Artificial Intelligence (AI) will continue to remain key focus points for discussions this year. The details have been disclosed by global…

The overall crypto price chart on Monday, February 26 reflected instability in the market. Bitcoin recorded a loss of 0.25 percent on Monday, with which its trading value currently stands at $51,490 (roughly Rs. 42.6 lakh). It is notable, that over the weekend the price of Bitcoin did rise by $473 (roughly Rs. 39,200). Bitcoin…

Metaverse, the virtual universe created by Facebook parent Meta, is yet to take off but the technology is seemingly carving a niche in sensitive sectors like education and healthcare. The global metaverse healthcare market is projected to reach a valuation of nearly $500 billion (roughly Rs. 41,44,020 crore) by 2033. This figure has been estimated…

Bitcoin on Wednesday, February 21 recorded a small profit of 0.31 percent. Presently, the value of Bitcoin stands at $51,977 (roughly Rs. 43 lakh). As per market experts, the resistance for Bitcoin currently stands at $53,000 (roughly Rs. 43.9 lakh) — breaking which would indicate a strong rally for the asset. In the last 24…

The overall crypto price chart mostly reflected losses on Thursday, February 22. Bitcoin, that has been on a profit spree in the recent days, recorded a loss of 1.24 percent on Thursday. At the time of writing, the value of Bitcoin stood at $51,392 (roughly Rs. 42.6 lakh). In the last 24 hours, the value…

Bitcoin on Friday, February 23 reflected a loss of 1.13 percent to trade at the price point of $51,017 (roughly Rs. 42.2 lakh). This is the second consecutive day this week, that Bitcoin has logged a loss. It is, however, impressive that the asset has managed to hold ground at the mark of $51,000 (roughly…

2023 brought the crypto sector face to face with regulatory and macro-economic challenges – that kept the price points of majority cryptocurrencies relatively low. Despite the volatility that the sector witnessed last year, several corporate firms did not lose hope on their crypto engagements. Social networking platform Reddit and Jack Dorsey’s fintech firm Block are…

A Texas cryptocurrency company and an industry group sued the U.S. Securities and Exchange Commission on Wednesday, saying the regulator has overstepped its authority and asking a judge to rule that digital assets traded on exchanges are not securities. Fort Worth-based crypto company Lejilex and lobbying group Crypto Freedom Alliance of Texas (CFAT) claim the…

eBay, the US-based ecommerce giant, is reportedly planning to bow out of the NFT space. As per reports, the platform has trimmed its Web3 team by 30 percent this week. While not a lot is known about eBay’s reported decision, some drama seems to have unfolded between eBay and the NFT marketplace KnownOrigin that it…

In the otherwise crypto-sceptic India, some Web3 sectors are making government-authorised inroads into people’s day-to-day lives. Metaverse, for instance, is one such Web3 technology. In a recent development, Devendra Fadnavis, the deputy chief minister of Maharashtra unveiled the ‘Mumbai Metropolis Metaverse’. This blockchain-based virtual portal will enable the estimated population of 21 million dwellers to…

While nations around the world are taking a slow and calculated approach towards engaging with crypto, fintech giants like Mastercard and Visa are already incorporating pro-crypto steps as part of their operations. In a fresh development, Mastercard has initiated work around launching crypto-based loyalty rewards. The payments giant has reportedly decided to work with Swoo…

The UK government plans to get new rules governing stablecoins and staking services for cryptoassets approved by lawmakers within the next six months as pressure ratchets up to deliver on specific proposals ahead of an impending general election. Economic Secretary to the Treasury Bim Afolami, speaking at an industry event hosted by Coinbase in London…

Reeling under strict tax policies, India witnessed a rather stunted growth in the crypto sector. Industry leaders in India believe that futures trading in crypto can be a great solution to help potential investors still trade in crypto without having to worry about the tax load. Nischal Shetty and Avinash Shekhar – both veterans of…

Worldcoin, the ambitious Web3 project co-founded by Sam Altman, is seeing better days after some downtime it experienced last year. In the last seven days, the value of the project’s native token WLD reportedly spiked by 140 percent. At the time of writing, WLD is trading at $7.58 (roughly Rs. 628). The main reason behind…

Bitcoin on Monday, November 27 reflected a loss of 1.24 percent. At the time of writing, the value of Bitcoin stood at $37,238 (roughly Rs. 31 lakh). The month of November this year, proved to be profitable for the crypto sector and especially for Bitcoin. The most expensive cryptocurrency started this month at the price…

India is set to handover the presidency of the G20 nations to Brazil in December, after one year of holding it. During India’s G20 presidency, it worked with global financial institutions on formulating laws to govern the crypto sector on an international level. Prior to the weekend, Indian finance minister Nirmala Sitharaman provided some insights…

Bitcoin on Tuesday, November 28, reflected losses for the second consecutive day. The crypto asset, at the time of writing, was trading at the price point of $37,034. Despite this minor loss streak, the value of BTC has not dwindled as much as one would fear. In the last 24 hours, the price of the…

China, that became one of the first nations in the world to launch trials of its CBDC, is expanding its trials to accommodate more lenders. Standard Chartered China has become the latest bank that has joined China’s CBDC pilot which is now in its advanced stage. What this essentially means is that the Standard Chartered…

Bitcoin on Thursday rose by 4.86 percent. The asset, for the first time in over two years, is trading at $52,044 (roughly Rs. 43.2 lakh). The capital inflows into Bitcoin ETFs as well as the approaching Bitcoin halving event are among major factors that are contributing to this rally for the reigning crown of the…

Binance, touted as the world’s largest crypto exchange, is undergoing a turmoil post the exit of its founder and former CEO Changpeng Zhao last week. Richard Teng, the former global head of regional markets at Binance has been designated as the company’s new CEO. In an address to the Binance community, Teng published an official…

Bitcoin on Monday reflected a small gain of 0.74 percent and the price of the world’s most popular cryptocurrency was $48,101 (roughly Rs. 39.9 lakh) at the time of publishing. Over the weekend, the value of the digital asset rose by $1,826 (roughly Rs. 1.5 lakh). As per market analysts, if the Bitcoin price rises…

Bitcoin on Tuesday, February 13, recorded a profit of 3.76 percent. At present, the world’s oldest, most expensive crypto asset is trading at $49,917 (roughly Rs. 41.4 akh), after crossing the $50,000 mark. This is the first time since November 2021 that Bitcoin has managed to jump to $50,000 (roughly Rs. 41.4 lakh). In the…

Koinex, an Indian crypto exchange that permanently halted all services related to the trading of digital assets amid regulatory unclarity, has partnered with another exchange to access their assets. Users whose assets were deposited with the now-defunct Koinex exchange can now get assistance through CoinDCX. Before shutting down operations, Koinex had recorded over $265 million…

The Ethereum blockchain’s total locked value stands at an estimated $40 billion (roughly Rs. 3,32,144 crore). Recognised as the most commercial blockchain in the world, the developers managing Ethereum keep on their toes to ensure that the usability and security of the blockchain is top notch and subsequently beneficial to the Web3 ecosystem. This year…

eRupee, the Indian central bank digital currency (CBDC), was reportedly used to process transactions worth Rs. 5.70 crore in the first four months since it entered the retail trials phase. The information was disclosed by the Reserve Bank of India (RBI) as it responded to an RTI query initiated by Moneycontrol. The RBI launched eRupee…

The crypto industry has been a prime target for cyber criminals as the sector continues to grow in popularity. Several scams and hacks have prompted people to keep their distance. In order to spread awareness about safe engagement with crypto, Indian exchange CoinDCX has released a list of safety tips and suggestions that customers can…

Bitcoin on Tuesday, February 6 recorded a miniscule profit of 0.82 percent. The world’s oldest, most expensive cryptocurrency, at present, is trading at the price point of $42,802 (roughly Rs. 35.5 lakh). In the last 24 hours, the value of Bitcoin registered a significant growth of $344 (roughly Rs. 28,565). Overall, Bitcoin exudes a bullish…

Bitcoin on Wednesday, February 7 recorded a small loss of 0.09 percent. With this, its trading value, at the time of writing, stood at $42,812 (roughly Rs. 35.5 lakh). In the last 24 hours, the most expensive crypto asset rose in value by $10 (roughly Rs. 830). As per market analysts, Bitcoin’s market stability, despite…

QX Lab AI is attempting to take on offerings like Gemini and ChatGPT from tech giants like Google and OpenAI by integrating new functionality into its own AI service. Created by three Indian founders, this AI startup recently unveiled its generative AI platform named ‘Ask Qx’. What differentiates this platform from its competitors is that…

Bitcoin minted a profit of 4.18 percent on Friday, February 9. After frequent price reductions these recent weeks, Bitcoin has finally managed to breach the mark of $46,000 (roughly Rs. 38.1 lakh). At the time of writing, the asset is trading at the price point of $46,275 (roughly Rs. 38.4 lakh). In the last 24…

Payments from crypto-related ransom attacks nearly doubled to a record $1 billion (roughly Rs. 8,304 crore) in 2023, blockchain analytics firm Chainalysis said on Wednesday. Scammers targeting institutions such as hospitals, schools and government offices for ransom pocketed $1.1 billion (roughly Rs. 9,133 crore) last year, compared with $567 million (roughly Rs. 4,708 crore) in 2022….

Bitcoin on Thursday, February 8, recorded a profit of 3.66 percent. With this, the value of the cryptocurrency has escalated to $44,505 (roughly Rs. 36.9 lakh). In the last 24 hours, the value of BTC has risen by $1,693 (roughly Rs. 1.4 lakh). As per market experts, this bullish move for BTC indicates a potential…

The Reserve Bank of India (RBI) is looking to adopt offline strategies to ensure that the eRupee CBDC enters the financial system of rural and remote parts of India. RBI governor Shaktikanta Das reportedly stated that the central bank plans to experiment with offline solutions to drive the adoption of CBDC in those parts of…

Bitcoin, the first cryptocurrency ever invented, is the most expensive crypto asset that’s currently reigning over the sector since its inception in 2009. At the time of its creation, its anonymous creator known by the pseudo name Satoshi Nakamoto had capped the total supply of Bitcoin at 21 million tokens. This essentially means that no…

The Indian crypto industry, on Wednesday, February 7, got a new crypto-INR Futures Exchange called ‘Pi42′. Zebpay CEO Avinash Shekhar and WazirX founder Nischal Shetty have founded this exchange in order to let Indians engage with crypto without having to face one percent TDS on each transaction. The launch of this platform comes two years…

Decentralized finance – DeFi – is getting a second wind. The amount of money deposited in this breed of crypto projects has leapt in recent months, swept up by a rally in Bitcoin driven by the launch of spot Bitcoin ETFs in America. The total value of tokens (TVL) deposited on DeFi-focused blockchains has risen…

Two NFT artists, Ryder Ripps and Jeremy Cahen, have been ordered by a US court to shell out $9 million (roughly Rs. 74 crore) from their pockets and pay the sum to Yuga Labs, the creator of Bored Apes Yacht Club (BAYC) NFTs. The two parties have been embroiled in an intense legal battle since…

Bitcoin on Monday, February 5 reflected a loss of 1.26 percent on Gadgets360’s crypto price tracker. At the time of writing, the value of Bitcoin stands at $42,458 (roughly Rs. 35.2 lakh). Over the weekend, Bitcoin price rose by $438 (roughly Rs. 36,367). The recent announcement of no interest rate cuts in March in the…

By the second quarter of this year, Apple’s Vision Pro headset is likely to get its first metaverse app. Victoria VR, a firm that works on projects related to web3 and virtual reality is developing this app for the Vision Pro. As per the initial announcement disclosed over the weekend, the app will feature ultra…

Bitcoin on Wednesday, November 29 reflected profits after two days of reeling under small losses. The price point of BTC, at the time of writing, stands at $37,935 (roughly Rs. 31.6 lakh) after recording a profit of 2.06 percent. In the last 24 hours, the value of Bitcoin rose significantly by $901 (roughly Rs. 75,068)….

Magic Eden, which is an online marketplace for NFT sales, is adding more functionalities and capabilities to its platform to attempt to revive people’s interest in digital collectibles after a visible sector slowdown. The platform has now decided to launch a crypto wallet browser extension, that will be compatible with multiple blockchains. The aim of…

Bitcoin on Wednesday, January 3, 2024, stepped into the trading arena with a fresh rally in its price. Reflecting a gain of over one percent, Bitcoin was trading at the price point of $45,201 (roughly Rs. 27.6 lakh). In the last few days, Bitcoin has managed to surge in pricing by over seven percent. It…

Bitcoin on Thursday, January 4 recorded a notable loss of five percent. The crypto asset that was trading at $45,201 (roughly Rs. 27.6 lakh) just 24 hours ago, has slipped to the price point of $43,070 (roughly Rs. 35.8 lakh). This slippage was observed after a report by crypto financial services firm Matrixport anticipated the…

Ahead of the upcoming budget announcement for 2024, the Indian web3 community has come together in unison to demand relief over tax rules concerning crypto. For the last two years, the Indian government has paid no heed to the sentiment of the Web3 community, that has been urging for a revision on crypto-related tax laws….

US-based payments major Visa has been lauded by the crypto sector one too many times for keeping a friendly approach despite regulatory lags. Visa has now joined hands with Web3 payments infrastructure provider Transak. The aim is to allow Visa crypto card holders to convert crypto assets into fiat currencies in real time. The move…

The crypto price chart mostly reflected losses on Thursday, February 1. Bitcoin saw a loss of 2.28 percent, pushing its price below its recently re-claimed price point of $42,400 (roughly Rs. 35 lakh). At the time of writing, BTC was trading at $42,020 (roughly Rs. 34.8 lakh). Commenting on the situation, the CoinDCX team told…

Indian crypto and Web3 industry, for days, had been adding posts after posts on social networking platforms urging the government to ‘#ReduceCryptoTax’. Despite the outcry, India Finance Minister Nirmala Sitharaman did not even mention the crypto sector in the interim budget speech she presented in the parliament on Thursday, February 1. This has left members…

The US Securities and Exchange Commission is likely to allow exchange-traded funds to hold the cryptocurrency Ethereum in May, Standard Chartered predicts. May 23 is the last date by which the agency must consider ETF applications from VanEck and Ark 21Shares, the bank said in a research report Tuesday. The asset managers will be the…

The Bar Association of New York City has noticed that certain policy reforms are required to maintain the city’s position as a lucrative hub for crypto and Web3 activities. At present, even though the US has not deployed concrete rules to govern crypto, several major companies are experimenting with digital asset spaces in order to…

Bitcoin on Tuesday, January 30 jumped to the price point of $43,495 (roughly Rs. 36 lakh). Over the last 24 hours, the asset grew by 2.73 percent, which in-terms of value stands at $1,320 (roughly Rs. 1.09 lakh). This is the first time in over a week that Bitcoin has managed to trade above the…

Binance Co-Foudner Yi He has disclosed that unidentified notorious elements are reaching out to existing or potential crypto investors, offering them scam token listings for money using her name. These types of scams are classified as ‘token listing’ scams. Through social networking platforms like LinkedIn and X, cyber criminals first identify members of the crypto…