Category: Cryptocurrency

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…

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…

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.…

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.…

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…

Until recently, banks watched from the sidelines with envy as stablecoin market leader Tether Holdings boasted of billions in profits. Now they want in. Earlier this year, Societe Generale – Forge made its Euro-backed stablecoin — which basically represents fiat on a…

CSharpCorner, a global platform for software developers, has embraced Web3 technology to provide authentic verification for job seekers in the IT industry. Earlier this week, the platform launched a new Certification Programme, empowering developers to upskill in advanced technologies and earn credentials…

Digital-asset prime brokerage firm FalconX has acquired Arbelos Markets, a derivatives startup launched in 2023 by two crypto industry veterans. Terms of the transaction weren’t disclosed. Bloomberg News reported on Tuesday that the transaction was expected to be financed through a mix…

KuCoin is upgrading its systems to simplify crypto payments for users worldwide. This week, the FIU-registered exchange introduced KuCoin Pay, a payment solution enabling merchants to accept cryptocurrency for goods and services. The feature aims to encourage merchants to adopt crypto transactions…

In recent years, rising crime in the crypto space has drawn the attention of the FBI and other global law enforcement agencies. To aid in tracking laundered crypto funds, Tron, Tether, and TRM Labs established T3, a specialized financial crime unit aimed…

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…

The UK is intensifying oversight of cryptocurrency-related advertisements. To align with the country’s crypto advertising regulations, Google is updating its advertising policies this month. UK authorities aim to ensure that only crypto firms compliant with its legal and marketing standards can advertise…

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…

Tether, the blockchain firm which issues the USDT stablecoin, has forayed into a new branch of Web3 before 2024 ends. The company has poured in $2 million (roughly Rs. 17 crore) into Arcanum Capital’s Emerging Technologies Fund II. Arcanum is a Web3-focussed…

Malaysia, which has been actively cracking down on illegal crypto operations, has issued a notice to the Bybit crypto exchange. The Securities Commission Malaysia (SC) has instructed Bybit to suspend its services in the country. According to an official SC statement, the…

The Reserve Bank of India (RBI) released its Financial Stability Report for 2024 on December 30. In the report, the apex bank shared its observations around the emerging practice of tokenising assets on blockchains. While acknowledging that this practice is still in…

The overall crypto price chart indicated a slowed market momentum on Tuesday, December 31. After marking a stellar December with a new all-time high of over $108,000 (roughly Rs. 92.4 lakh), Bitcoin’s trading value on Tuesday was at $92,458 (roughly Rs. 79.13…

Malicious crypto scammers have been found to be fishing for their victims posing as job recruiters online. Popular cyber investigator Taylor Monahan, who goes by the username @tayvano_, has posted an update to his 85,000 followers on X. As per the update,…

MicroStrategy will be added to the tech-heavy Nasdaq-100 Index, the exchange operator said on Friday, following a meteoric surge in the shares of the bitcoin buyer. The change comes into effect before the market opens on Dec. 23, Nasdaq said. Inclusion in…

The cryptocurrency market chart displayed widespread losses on Friday, December 27, with most major cryptocurrencies facing declines. Bitcoin, the most prominent cryptocurrency, saw its value dip by approximately 2 percent on both domestic and international exchanges. According to CoinMarketCap, Bitcoin was trading…

Hong Kong is moving swiftly to regulate stablecoins, signalling their potential integration into the region’s financial systems. Regulators have drafted a ‘Stablecoins Bill’ that sets forth mandates and restrictions for stablecoin issuers and advertisers. The bill outlines the necessary steps to ensure…

The crypto market is seeing record gains as Bitcoin’s upward momentum continues to create new benchmarks. Over the weekend, BTC spiked to its new all-time high, exceeding $106,000 (roughly Rs. 89.9 lakh). On Monday, the world’s most valuable cryptocurrency underwent some price…

Russian companies have begun using Bitcoin and other digital currencies in international payments following legislative changes that allowed such use in order to counter Western sanctions, Finance Minister Anton Siluanov said on Wednesday. Sanctions have complicated Russia’s trade with its major partners…

Police have arrested a 23-year-old MBBS student in Madhya Pradesh’s Indore for sending around Rs. 8 lakh of cyber fraud money to a gang of Chinese youths by converting it into cryptocurrency, an official said on Wednesday. Talking to reporters, Deputy Commissioner…

The overall crypto market witnessed price correction across most cryptocurrencies over the last 24 hours. Bitcoin on Wednesday, December 18 registered a loss of 2.60 percent to trade at $103,740 (roughly Rs. 88 lakh) on foreign exchanges. Earlier in the day, Bitcoin…

India, securing the top position on Chainalysis’ Global Crypto Adoption Index for the second consecutive year in 2024, has earned widespread recognition for its vibrant and skilled community of Web3 developers. Jesse Pollak, a senior Coinbase official, shares this sentiment, describing Indian…

Finnish telecom giant Nokia could be looking to deepen its presence in the Web3 space. The company has reportedly applied for a patent related to the encryption of digital assets, suggesting its intention to enter the blockchain arena with a focus on…

As we enter the final week of 2024, most cryptocurrencies have registered gains on the price charts. Bitcoin showed a gain of over one percent over the last day on Monday, December 23. At the time of writing, BTC was trading at…

US President-elect Donald Trump, who pledged during his campaign to position the country as the “crypto capital of the planet,” is already making strides toward fulfilling that promise ahead of taking office in January 2025. In his latest move, Trump has appointed…

Following Donald Trump’s win in the 47th US elections, the crypto industry has seen a rise in valuation, anticipating pro-crypto reforms in the coming months. Leveraging this wave of optimism, Ripple has launched its own stablecoin, RLUSD. The US-based fintech company behind…

The overall crypto price chart saw major losses on Friday, December 20. Bitcoin registered a dip of 4.08 percent in the last 24 hours. At the time of writing, Bitcoin was trading at $97,100 (roughly Rs. 82.6 lakh) on foreign exchanges, showed…

Funds stolen by hacking cryptocurrency platforms surged 21 percent from a year ago to $2.2 billion (roughly Rs. 18,710) in 2024, a report from blockchain analysis firm Chainalysis showed on Thursday. The hacking amount exceeded $1 billion (roughly Rs. 8,502 crore) for the fourth straight year and the number of incidents…

SOL price predictions remain bullish even in the middle of a market-wide sell-off following the move by the Federal Reserve to halt rate cuts in 2025. Solana’s price is already forming a bull flag even as SOL dips below $200 in a…

WazirX users affected by the July hacking incident may face a longer wait for clarity on compensation. In a recent update, Zettai announced plans to present its proposed financial restructuring scheme to the Singapore Court on January 22, 2025. Zettai, the Singapore-registered…

Regulators in Spain and Germany have cracked down on World (formerly Worldcoin), the project led by OpenAI founder Sam Altman, directing it to delete iris scans of users collected in both countries. The latest action against the firm adds to a string…

Australia appears to be auditing the operations of crypto exchanges to protect its citizens from financial risks. In a recent development, Binance has come under legal scrutiny for misclassifying 505 retail investors. This follows a legal challenge against Kraken just days earlier.…

Chainalysis, a blockchain data firm, plans to shift its focus from investigating Web3 violations to preventing them. This week, the US-based company announced its acquisition of Hexagate, a Tel Aviv-based Web3 security firm. The deal, finalised for an undisclosed amount, aligns with…

CoinSwitch has published an in-depth analysis of India’s crypto trends for the year, revealing that Shiba Inu, Dogecoin, and Pepecoin gained significant popularity. The report also highlights Delhi and Bengaluru as key crypto trading hubs. This release comes amid ongoing discussions by…

The crypto sector currently hosts over 2.4 million tokens, according to CoinMarketCap, leaving investors often uncertain about the legitimacy of their choices. Addressing this challenge, Binance has introduced a new feature named Alpha to its wallet service. Announced on Wednesday, December 18,…

The government has no specific timeline in sight to introduce new regulations for virtual digital assets (VDAs) in India, according to Minister of State (MoS) Finance Pankaj Chaudhary. The progress in regulation of VDAs in India was provided when Chaudhary answered questions…

The Vishvasya Blockchain Technology Stack. that was unveiled back in September, is now being implemented across an array of sectors. The development was recently disclosed by Jitin Prasada, the minister of state (MoS) for electronics and information technology (MeitY), to the Rajya…

Meta is researching and developing new AI models, that could have potential uses in Web3 applications. The Facebook parent firm has released an AI model called Meta Motivo, that can control the bodily movements of digital avatars. It is expected to make…

India’s Web3-focussed non-government groups are stepping up efforts to establish international partnerships. On Monday, the India Blockchain Alliance (IBA) announced a partnership with UAE’s free zone for Web3 firms – the Ras Al-Khaimah Digital Assets Oasis (RAK-DAO). The aim of this alliance,…

Polygon, the eco-friendly blockchain ecosystem that was co-founded by three Indian technology enthusiasts in Mumbai in 2017, was valued at $20 billion (roughly Rs. 1,69,744 crore) in 2022. Sandeep Nailwal is one of the co-founders and the COO of the blockchain firm,…

The cryptocurrency market has entered a phase of price correction, experts shared with Gadgets360. On Wednesday, December 11, Bitcoin recorded a modest gain of 0.85 percent on global exchanges. At the time of writing, BTC was trading at $97,520 (roughly Rs. 82.7…

Bitcoin on Thursday, December 12 reached the price point of $101,014 (roughly Rs. 85.7 lakh) on global exchanges. At the time of writing, data by CoinMarketCap showed that the price of BTC grew by 3.66 percent over the last 24 hours. This…

US President-elect Donald Trump opened the New York Stock Exchange (NYSE) on Thursday. While addressing the traders at the NYSE, Trump hinted at the implementation of pro-crypto policies during his term. The fresh expression of support from Trump towards the crypto sector…

The Bank of England (BoE) is trying to get the sense of how local businesses are viewing and engaging with cryptocurrencies in the UK. In a notable development, the Prudential Regulation Authority (PRA) has issued a directive to local enterprises to disclose…

Shaktikanta Das, who assumed office as the 25th Governor of the Reserve Bank of India in December 2018, concluded his six-year tenure this week. In his farewell address, Das praised India’s tech-driven advancements in enhancing its financial ecosystem. He highlighted the introduction…

Australia has been tightening its regulatory oversight across various sectors. In the latest development, the country has imposed a $5.1 million fine (roughly Rs. 43 crores or AUD 8 million) on Kraken, the US-based crypto exchange. Kraken operates in Australia through the…

The crypto craze has gained significant traction within Telegram, fuelled by the platform’s introduction of mini Web3 games for in-app entertainment. However, this surge in interest has also attracted crypto scammers, who have ramped up malicious activities on the app. Security firm…

Crypto exchange Binance has joined forces with USDC-issuer Circle to expand the stablecoin ecosystem globally. The companies announced the development along the sidelines of the ongoing Abu Dhabi Finance Week on Wednesday, December 11. With this partnership, Binance claimed, it wishes to…

Global payments leader Mastercard is deepening its expansion into cryptocurrency services with a new partnership. In its latest move, the US-based company has teamed up with the popular memecoin ecosystem Floki Inu. As part of this collaboration, Mastercard has introduced a debit…

Zettai, the Singapore-registered entity overseeing the WazirX crypto exchange in India, is seeking to engage with its creditors following the July hack that resulted in losses exceeding $230 million (roughly Rs. 1,900 crore). In response to the incident, Zettai began developing a…

The crypto market seems to have stepped into a period of price correction after Bitcoin exceeded the price point of $100,000 (roughly Rs. 84 lakh) last week. On Monday, December 9, Bitcoin saw a minor profit of around 0.35 percent on national…

Cardano Foundation has reportedly teamed up with Dubai-based SEE Institute to create and integrate eco-friendly blockchain solutions into existing systems around supply-chain management, governance, and education among others. In a first-of-a-kind initiative, the partnership also brings to the table a professional diploma…

The Web3 regulatory landscape is preparing for significant reform, driven by Donald Trump’s shift in stance on the crypto industry. With Bitcoin surpassing $100,000 (roughly Rs. 84.6 lakh) shortly after Trump’s election win, Web3 stakeholders are optimistic. Speaking at India Blockchain Week…

Bitcoin catapulted above $100,000 (roughly Rs. 84.67 lakh) for the first time on Thursday, a milestone hailed even by sceptics as a coming-of-age for digital assets as investors bet on a friendly U.S. administration to cement the place of cryptocurrencies in financial…

India’s Web3 industry leaders have gathered in Bengaluru to discuss the digital renaissance driven by blockchain-based fintech. On Wednesday, December 4, Web3 venture capital firm Hashed Emergent launched the two-day headliner event of India Blockchain Week 2024 in the country’s tech hub.…

Bitcoin on Monday, December 2 showed a minor gain of 0.35 percent on the global price chart. Over the weekend, the most expensive crypto asset managed to retain its value above the price point of $96,784 (roughly Rs. 81.9 lakh) on international…

Bitcoin bulls are starting to express some doubts after what seemed like an inevitable march toward a record high price of $100,000 loses momentum. “While we’re seeing strong institutional buying pressure, particularly from entities like MicroStrategy’s continued accumulation strategy, the broader crypto…

The BRICS nations are planning to launch a digital assets platform for internal cross-border settlements, a move that seems to have angered the US President-elect Donald Trump. Over the weekend, Trump warned BRICS countries, including India, to prepare for a 100 percent…

Bharat Web3 Association (BWA), India’s non-governmental Web3 advisory body, is taking a step to act on the growing cybersecurity threats looming large over the crypto sector. On Monday, December 2, the BWA announced the launch of the Alliance for Blockchain and Crypto…

The cryptocurrency sector, currently valued at $3.31 trillion (approximately Rs. 2,79,67,613 crore), remains a niche market striving to establish its place in the global economy. Governments worldwide are still navigating the complexities of regulating crypto activities. Tornado Cash, a crypto mixer, has…

Web3 security firm GoPlus has introduced a dedicated browser extension to enhance safety for the Web3 community. Based in the British Virgin Islands, the company has launched the GoPlus Security Extension, compatible with browsers like Google Chrome and Microsoft Edge. This move…

Ethereum faces pressing questions over its direction as a rejigged user experience saps activity and fees, stoking uncertainty about whether the blockchain will continue to underpin commerce in crypto. Critics point to a growing reliance on so-called Layer-2 blockchains, built on top…

Taiwan is taking regulatory steps to govern its growing crypto sector. In a recent move, the country has made compliance with anti-money laundering (AML) laws mandatory for crypto firms. With the crypto ecosystem expanding, Taiwan has become a hub for Web3 initiatives.…

The cryptocurrency market showcased mixed movements on Friday, November 29. Bitcoin saw a slight uptick, gaining less than one percent on international exchanges. According to CoinMarketCap, Bitcoin is currently priced at $96,507 (roughly Rs. 81.5 lakh). On Indian platforms such as CoinSwitch,…

President Vladimir Putin’s government is swiftly moving to regulate the crypto sector amid Bitcoin’s historic boom. In a recent development, the Federation Council, Russia’s Upper House of Parliament, approved a bill outlining the taxation framework for crypto assets. Putin has long sought…

The cryptocurrency market has entered a phase of price correction following a sustained upward rally in recent weeks. On Wednesday, November 27, Bitcoin registered a marginal decline of 0.12 percent across global exchanges. According to CoinMarketCap, the asset is presently trading at…

The Dogecoin Foundation is looking to raise funding now that the re-election of Donald Trump as the US President has rallied the crypto market to record highs. In a detailed message recently posted on X, the official handle of the Dogecoin Foundation…

Hong Kong’s ZA Bank has announced the launch of crypto trading services, enabling retail users to trade assets like Bitcoin directly. Claiming to be Asia’s first digital lender to offer such a service, ZA Bank now allows users to buy and sell…

Ernst & Young (EY), one of the ‘Big Four’ consultancy firms, has integrated the metaverse element from Web3 into its hiring process. The London based firm, that also has offices in India, has launched a service called eVe, that essentially offers a…

The cryptocurrency market sustained its upward trajectory over the final weekend of November. On Monday, November 25, Bitcoin recorded a 1.42 percent increase in value on international exchanges compared to the previous day. At the time of writing, BTC was priced at…

Bitcoin touched a fresh record high on Friday, with its sights set firmly on the $100,000 barrier (roughly Rs. 84.4 lakh), in a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a Donald Trump administration.…

Telegram’s Mini Apps initiative has secured substantial funding to advance its integration of Web3 technologies into the messaging platform. Bitget Wallet and Foresight Ventures have committed $20 million (roughly Rs. 168 crore) to drive the growth of Telegram’s Mini Apps, as reported…

FTX filed a lawsuit against Binance Holdings and its former Chief Executive Officer Changpeng Zhao, seeking to claw back almost $1.8 billion (roughly Rs. 15,189 crore) it alleges was fraudulently transferred by Sam Bankman-Fried.  Binance, Zhao and other Binance executives received the…

The US authorities have charged five individuals with hacking multiple businesses and stealing $11 million (roughly Rs. 92.8 crore) using the Scattered Spider technique. The stolen funds were in cryptocurrency, known for its speed and relative anonymity in transactions. The accused—Ahmed Hossam…

The Reserve Bank of India (RBI) is working with multiple national lenders on advanced trials of the eRupee central bank digital currency (CBDC). Despite recent advancements in the area, the central bank is no rush to roll out its CBDC to users…

Amidst the ongoing crypto rally, the price of Bitcoin saw a slight increase over the last 48 hours, while most altcoins have also seen their prices rise. On Wednesday, Bitcoin’s price rose by less than one percent on national and international exchanges.…

Goldman Sachs is looking to venture deeper into crypto-related services. In an interaction with Bloomberg News, Global Head of Digital Assets Mathew McDermott said that the new crypto platform currently under work would focus on facilitating traditional trading and crypto transactions on…

Cryptocurrency price charts around the world looked green on Monday, as the prices of most digital assets continued to rise. Bitcoin clocked gains of around one percent over the last day on both national and international exchanges. The asset, at the time…

The Financial Intelligence Unit (FIU) of Nepal has highlighted a rise in the misuse of crypto assets in the country. The agency, which closely monitors the crypto sphere, has said that the laundering of illicit funding through cryptocurrencies has spiked in the…

CoinSwitch has announced a new initiative to help new crypto investors try their hand at investing in virtual digital assets. The crypto exchange said on Monday that it has rolled out a new service called SmartInvest. Through this feature, the exchange has…

ENS Labs, the firm that launched the Ethereum Name Service (ENS) in 2017, are gearing up for their next major project. By late 2025, they plan to launch a layer-2 blockchain network called Namechain, built on the Ethereum blockchain. Namechain will leverage…

Coinbase is actively seeking to enhance its suite of services. This week, the crypto exchange completed its acquisition of Utopia Labs, a San Francisco-based blockchain fintech firm. The acquisition aims to refine Coinbase’s on-chain payment systems and services, although financial details have…

Over the past 24 hours, Bitcoin’s value briefly surged to $93,469 (roughly Rs. 78.8 lakh). However, the onset of a price correction prevented it from maintaining that level. As of Friday, November 15, Bitcoin is trading at $87,617 (roughly Rs. 73.9 lakh)…

The UK government is advancing efforts to integrate blockchain technology into its financial systems. In a recent announcement, Finance Minister Rachel Reeves revealed plans to pilot a digital gilt instrument in the country. This initiative will utilise Distributed Ledger Technology (DLT), commonly…

The European Banking Authority (EBA) is ramping up its regulatory oversight of the crypto sector. In a recent development, the EBA has issued two detailed sets of guidelines to govern the operations of Crypto-Asset Service Providers (CASPs) and Payment Service Providers (PSPs).…

Tether Holdings Ltd., the world’s largest digital asset company, is getting into the tokenisation of stocks, bonds, funds and commodities. The platform Hadron by Tether, launched Thursday, will allow users to convert assets into products ranging from stablecoins that are pegged to…

The financial authorities of Kenya managed to collect KES 10 billion (roughly $77.3 million or Rs. 653 crore) from VASPs in FY 2023-24. The announcement was made by KRA board chairman Anthony Mwaura this week during the Taxpayers’ Day celebration. By requiring…

Congress is likely to adopt legislation governing cryptocurrencies during President-elect Donald Trump’s administration, Jay Clayton, a former top Wall Street regulator and potential political appointee, said on Wednesday. Clayton also said he favored easing regulatory burdens to encourage companies to go public,…

The government has yet to announce new rules or modify its approach towards the Web3 industry, after it mandated registrations with the Financial Intelligence Unit – India (FIU-IND) for crypto firms last year. Despite the country’s gradual approach towards exploring the sector,…

The crypto market is presently more unstable than usual following the election of pro-crypto Donald Trump as the 47th President of the US. Bitcoin, which surged past the price point of $89,900 (roughly Rs. 75.9 lakhs) earlier this week, saw a minor…

The cryptocurrency market has seen a massive surge in recent days, following US President-elect Donald Trump’s victory in the recently concluded election. Bitcoin has seen its price rise by as much as 26.55 percent over the past week, while the total market…

The founder of a cryptocurrency mixing service known as Bitcoin Fog was convicted in Washington federal court of helping to launder tens of millions of dollars from darknet markets known for selling illegal drugs. A jury on Tuesday concluded Roman Sterlingov, 35,…

In October, Russian President Vladimir Putin confirmed that the BRICS nations are in discussions about using digital currencies to reduce Western influence on fintech. Currently, the group is considering the creation of a digital assets platform aimed at reducing reliance on US…

The crypto market has experienced significant volatility since November 5, following the election of Donald Trump as the 47th President of the US. Bitcoin has surged to a new all-time high, trading above $81,000 (roughly Rs. 68.3 lakh) over the weekend. At…

As the US prepares to elect its 47th President on November 5, volatility has noticeably increased across investment markets, including stocks and crypto. Bitcoin on Monday, November 4 saw a minor profit of under one percent on both national and international exchanges.…

Bitcoin on Wednesday, November 6 created a new all-time high, just hours ahead of the US election results that seem to be inclining in Donald Trump’s favor at the time of writing. On foreign exchanges, Bitcoin is trading at $74,935 (roughly Rs.…

Nearly four months after a hack resulted in losses exceeding $230 million (around Rs. 1,900 crore), WazirX is still focused on restructuring its finances and finalising its operational roadmap. In a virtual town hall held this week, founder Nischal Shetty revealed plans…

JPMorgan is expanding its alliance with blockchain technology. In a recent development, the US-based bank said it has rebranded its blockchain unit, originally launched as ‘Onyx’, to ‘Kinexys’ to signify its operational roadmap for Web3 adoption. The rebranding brings along an array…

Cybersecurity firm SentinelLabs has raised an alert over a significant threat targeting crypto community members using macOS. According to their findings, the North Korean group BlueNoroff is distributing fake crypto news to entice users into downloading a multi-storage malware infection onto their…

Following Donald Trump being elected as the 47th US President this week, Bitcoin has surged to new highs. Reaching a second all-time high (ATH), Bitcoin’s price climbed to $76,029 (roughly Rs. 64.14 lakh) on global exchanges, according to CoinMarketCap. Over the past…

Asset management firm UBS has announced that it has completed the pilot trial of a blockchain solution, that will help financial institutes streamline their service offerings around tokenised assets. The Switzerland-based firm currently has a market cap of over $104.3 billion (roughly…

Catherine Chen, Head of VIP and Institutional investors at Binance, sat down for an exclusive conversation with Gadgets 360 during the recently held Binance Blockchain Week in Dubai. She highlighted the growing interest in crypto among institutional investors this year, driven largely…

Misuse of virtual digital assets (VDAs) for money laundering has been a top concern for regulators globally since cryptocurrencies began attracting widespread investor interest. India and the UAE, two regions seeing significant growth in the VDA sector, have now joined forces to…

A consortium of financial technology and cryptocurrency companies including Robinhood, Kraken and Galaxy Digital on Monday introduced a joint stablecoin pegged to the US dollar. The aim of the newly formed Global Dollar Network is to accelerate usage of stablecoins worldwide and…

China’s e-commerce giant Alibaba is reportedly scaling back its metaverse ambitions amid the rapid growth of AI. According to the South China Morning Post (SCMP), Alibaba is cutting dozens of positions within its metaverse division, with sources suggesting the company aims to…

Rohit Wad, a computer science engineer from India’s second tier city of Bhilai presently leads the technology initiatives at Binance, touted as the largest crypto exchange in the world. In conversation with Gadgets360 last week, Wad emphasised that for Web3 adoption to…

China’s Huawei recently unveiled its new operating system called HarmonyOS Next to power its hardware devices. Among other upgrades, HarmonyOS Next reportedly comes with support for China’s central bank digital currency (CBDC). Huawei aims to drive widespread adoption of the digital currency.…

Binance stepped into the final leg of its annual community event, Binance Blockchain Week, on Wednesday. The theme for this year’s event is ‘Momentum’, through which the crypto exchange aims to acknowledge the continuous growth of Web3 sector over the last year…

The highly lucrative crypto sector has a global market capitalisation of $2.32 trillion (roughly Rs. 1,95,03,927 crore), but it does come with concerns, especially because of its volatile and largely unregulated nature. Given the situation, Web3 firms trying to establish their brands…

Despite its notorious volatility and lack of regulation, the crypto sector appears to be gaining traction within the global investment community. By December, software giant Microsoft is expected to finalise its stance on adding Bitcoin to its balance sheets. Currently, the company…

The Vietnamese government has unveiled a detailed roadmap aimed at positioning the country as a leading hub for blockchain technology. The roadmap includes a five-step action plan that will bring legal reforms and establishment of international collaborations for blockchain research and development.…

Ubisoft has a history of experimenting with Non-Fungible Tokens in gaming, and the company is set to further explore NFT gaming space with a new release. The Paris-based publisher, that makes popular triple-A titles like Assassin’s Creed and Far Cry, launched Champions…

Bitcoin, in the last 48 hours, managed to retain its trading price above the mark of $65,000 (roughly Rs. 54.6 lakh) despite volatility affecting the overall crypto market. On Wednesday, October 23 Bitcoin reflected a minor loss of 0.62 percent on the…

The G20 nations initiated the development of a unified set of cryptocurrency regulations in 2023, with India leading the effort during its presidency. With Brazil taking the reins, the country aims to advance this work towards a global crypto framework. Global financial…

On Monday, October 21, India’s crypto exchange ZebPay announced it has reached a milestone of ten years in the country’s crypto industry. Over the past decade, the platform said it had garnered six million registered users and surpassed $1 billion (roughly Rs.…

The crypto sector, currently valued at $2.38 trillion (roughly Rs. 2,00,08,386 crore), may have just seen the largest acquisition deal of the year. US and Ireland-based fintech firm Stripe has reportedly spent $1.1 billion (about Rs. 9,248 crore) to acquire Bridge, a…

The crypto market displayed mixed sentiment on Monday, October 14, with nearly equal proportions of gains and losses across cryptocurrencies. Bitcoin posted modest gains of about 2% on both domestic and international exchanges. With this, the trading value of BTC on foreign…

Robinhood launched its long-awaited desktop platform and added futures and index options trading features to its mobile app on Wednesday, as the fintech firm aims to take market share from traditional brokerages. The 11-year-old commission-free trading app, which became synonymous with mom-and-pop…

With the US election just 20 days away, set for November 5, the crypto market appears to be emerging as a key beneficiary. Bitcoin, mentioned by both Presidential candidates in their speeches, is experiencing a rapid price surge as the election approaches.…

Worldcoin, the controversial blockchain-based human ID project, has been renamed amid ongoing investigations in several countries. OpenAI CEO Sam Altman, the mastermind behind the initiative, revealed the rebranding to ‘World’ during a company event in San Francisco on October 17. Along with…

Despite its strict regulatory stance on the crypto sector, India has shown notable growth in crypto adoption. This week, blockchain research firm Chainalysis released its ‘2024 Global Crypto Adoption Index’, where India ranked first out of 151 nations. The country leads in…

Last week’s roundup of crypto promoters and traders following an elaborate sting operation by federal prosecutors served as a reminder that fake trades used to inflate prices continue to be lingering issue in the digital asset world.  The wash trading strategy used…

This week, the Asia unit of the Financial Stability Board (FSB) convened in Hong Kong, bringing together members from India, Cambodia, China, Japan, Korea, Malaysia, New Zealand, and Pakistan, among others. The meeting aimed to share insights on the financial stability implications…

Web3 venture firm Hashed Emergent is reviving India Blockchain Week (IBW) for its second edition, aiming to spotlight India’s early-stage Web3 developers and companies. Sponsors include prominent Web3 firms like Polygon, Aptos, Starkware, and the Starknet Foundation, alongside other platforms. Investors from…

In a move signalling stricter oversight of the crypto sector, the UAE has recently intensified its regulatory stance. The latest development sees the country launching an investigation into the $WAP token, endorsed by rapper Cardi B, whose popular song shares the same…

Bitcoin surpassed $67,000 for the first time in more than two months, but quickly whipsawed traders as volatility returned to the digital asset sector with US elections approaching.“The confluence of factors ranging from markets to politics has created a potent mix of…

Binance, which recently gained FIU approval in India, is collaborating with local law enforcement to investigate crypto-related crimes. In a recent update, Binance announced its involvement with Delhi Police in probing a renewable energy fraud case. As part of this investigation, Rs.…

The Web3 sector is teeming with thousands of products and services striving to engage a new generation of tech-savvy consumers, and blockchain gamification is one effective approach. This process involves incorporating interactive gaming elements to make non-gaming activities more engaging and immersive…

The Reserve Bank of India (RBI), that is spearheading the creation and testing of the eRupee CBDC, is aiming to fasten the time it takes for financial settlements to be completed. In a recent keynote address at the RBI@91 high-level conference in…

Binance’s head of financial crime compliance was denied bail for a second time on Friday as his trial on money laundering charges started in Nigeria, with a judge ruling that the prison in which he is being held is capable of meeting…

Crypto.com filed a lawsuit against the US Securities and Exchange Commission on Tuesday, alleging that the federal agency is overstepping its jurisdiction by regulating the cryptocurrency industry. The crypto trading platform said its move follows the receipt of a “Wells notice” from…

Three cryptocurrency companies and 15 people have been charged with engaging in widespread fraud and market manipulation following an investigation in which the FBI for the first time directed the creation of a new digital token to help authorities ferret out crime.…

As global regulatory measures shape the evolving crypto sector, digital assets are emerging as alternatives to traditional investment tools. Despite reaching a historic peak valuation of over $3 trillion (around Rs. 2,51,89,440 crore), crypto assets remain volatile, relatively new, and largely unregulated.…

The crypto market showed fluctuations on Friday, October 11, after the US CPI data emerged higher than expectations. In the backdrop of this development, Bitcoin registered a loss of around one percent on national and international exchanges. At the time of writing,…

The Emirate of Dubai, which in recent times has taken multiple measures to establish and promote itself as a hotspot of Web3 activities, is now identifying illegal crypto entities operating within its region. In the latest development, the Web3 governing body of…

Google, which has recently been found to be holding a monopoly on web search, has taken a crypto-friendly decision amidst its ongoing legal battles in the US and the EU. As per a fresh update, Google has fully completed the integratigration of…

Retail investors are showing a strong interest in cryptocurrencies despite the speculative and volatile nature of these virtual assets. The finding was highlighted in a report released by the Board of the International Organisation of Securities Commissions (IOSCO). The Madrid, Spain-based body…

As the number of startups in cryptocurrency and artificial intelligence (AI) continues to grow, the demand for funding to support these emerging firms has also increased. VanEck, a global investment management firm based in New York City, has announced plans to invest…

A recent report by a UN body highlights the rapid rise of crypto-related cyber fraud in Southeast Asia. The United Nations Office on Drugs and Crime (UNODC) estimates that the region suffered financial losses of around $37 billion (roughly Rs. 3,10,663 crore)…

Taiwan’s Financial Supervisory Commission (FSC) is exploring ways to integrate Web3 services into its financial ecosystem. At a recent press conference, FSC official Hu Zehua stated that the regulatory body is open to involving financial institutions in trials for virtual asset custody…

FTX received court approval of its bankruptcy plan on Monday, which will allow it to fully repay customers using up to $16.5 billion (roughly Rs. 1,38,550 crore) in assets recovered since the once-leading crypto exchange collapsed.  US Bankruptcy Judge John Dorsey approved the…

Mark Zuckerberg is intensifying Meta’s focus on metaverse initiatives, including hiring experts in generative AI. Recently, Meta showcased a demo of its latest technology, Hyperscape, which turns a smartphone camera into a gateway to photorealistic metaverse environments. According to Zuckerberg, this tool…

Telegram has been no stranger to controversy, from the arrest of its CEO, Pavel Durov, in August, to recent policy changes affecting global users. Now, the messaging platform is making headlines again by hinting at an upcoming NFT-focused feature, despite 96 percent…

India has emerged as a global leader in crypto adoption for the second year in a row, according to a September 2024 report by Chainalysis. While activities like buying, selling, trading, and holding cryptocurrencies are legal in India, no cryptocurrency has been…

The crypto market displayed mixed sentiment on Monday, September 30, with nearly equal numbers of cryptocurrencies posting gains and losses. Bitcoin saw a 1.94 percent decline on international exchanges over the past 24 hours. Despite this dip, the leading cryptocurrency held close…

Lamborghini has teamed up with Animoca Brands for its Web3 debut. As part of the partnership, supercars from the luxury Italian automaker will be launched by the Hong Kong-based game software firm into metaverse gaming ecosystems. The move from Lamborghini is aimed…

Global bank messaging network SWIFT will trial live transactions of tokenised assets and digital currencies next year, it said on Thursday, the latest step in the currently slow-moving integration of such assets into the wider financial system. Banks and asset managers have…

Bitcoin’s price rally faltered on Friday, as the value of the world’s most widely used cryptocurrency dropped by one percent on international exchanges, after crossing the $60,000 (roughly Rs. 50 lakh) mark earlier this week. The value of the most expensive crypto…

The International Monetary Fund (IMF) has reiterated its concerns about El Salvador’s extensive engagement with Bitcoin. The topic was addressed by IMF spokesperson Julie Kozack during a press conference on Thursday. The organisation has been consistent in cautioning the country about the…

Two months after it lost $230 million (roughhly Rs. 1,900 crore) to hackers, WazirX is still looking for ways to include its community members in the ongoing restructuring process. The beleaguered crypto exchange has announced that it is in the process of…

The potential use cases of blockchain technology appear to be gaining pace in the telecom sector. London-based World Mobile Group is a firm that aims to globalise decentralised Web3 networks. Founded in 2018, the company says its mission is to deliver high-quality…

A report by Check Point Research (CPR) uncovered a crypto wallet draining app on the Google Play Store, masquerading as the popular WalletConnect app. CPR found that the app used “advanced evasion techniques” to steal $70,000 (roughly Rs. 58.6 lakh) over five…

Changpeng Zhao, the founder and former CEO of Binance, was released from US custody on September 28 after completing a four-month sentence in a California-based low-security prison, Lompoc II. The crypto mogul, who has been banned from the Binance leadership for lifetime,…

Crypto investment platform Mudrex has announced a crypto-focused awareness initiative to mark the National Cyber Security Awareness Month this October. In an announcement note shared on Tuesday, October 1 the company said it will be hosting a series of weekly panel discussions…

The NFT market has struggled since the start of the year, with research indicating that 96 percent of digital collectibles have lost value. Despite this downturn, Pos Indonesia, the nation’s state-owned postal service, has ventured into the space by linking its stamps…

Mark Zuckerberg’s bet on the metaverse initially looked like a colossal mistake, wiping more than $100 billion (roughly Rs. 8,39,113 crore) from his net worth. But now it’s paying off big-time. Buoyed by a record-high Meta Platforms share price, Zuckerberg’s net worth has climbed almost…

Japan is set to begin a review of the nation’s cryptocurrency rules, opening up the possibility of lower taxes on digital assets and potentially paving the way for the roll out of domestic funds investing in tokens. The Financial Services Agency in…

The overall crypto market is struggling to stabilise with the presidential race between Donald Trump and Kamala Harris intensifying by the day in the US. On Monday, September 23, multiple cryptocurrencies reflected gains on the price charts. In the last 24 hours,…

Hong Kong is actively accelerating efforts to give its fiat currency, the Hong Kong Dollar (HKD), a blockchain revamp. The special administrative region (SAR) of China has launched its e-HKD central bank digital currency (CBDC) into the second elaborate phase of trials.…

The overall crypto chart showed more gains than losses on Wednesday, September 25. Bitcoin reflected a gain of 1.20 percent on Indian exchanges and a profit of 6.14 percent on international exchanges over the last 24 hours. At the time of writing,…

PayPal has announced that its US business account holders can now buy, sell, and hold cryptocurrencies directly through their PayPal accounts. With this feature, the platform aims to explore the practical applications of cryptocurrencies for its users. Currently, the crypto sector is…

The overall crypto market is witnessing a rally after the US introduced cuts in interest rates around last week. Bitcoin on Friday, September 27 recorded price hikes of 3.09 percent and 2.4 percent on international and national exchanges respectively. At the time…

Two YouTube channels of content creator Ranveer Allahbadia (also known as BeerBiceps) were hacked by crypto fraud-promoting miscreants. Allahbadia hosts interactive sessions with Indian celebrities, spiritual leaders, and politicians, with a collective subscriber base of over 12 million.  Following the account breach,…

WazirX, the Indian crypto exchange that suffered a $230 million hack in July, is actively working to restructure its finances and compensate affected users. In a recent development, a Singapore court has granted the exchange a four-month moratorium to finalize its financial…

Dubai became one of the first jurisdictions in the world to clarify regulatory requirements for Web3 firms in 2022, and regulators are now making changes to its rules related to marketing of digital assets. The Virtual Asset Regulatory Authority (VARA) has announced…

India’s financial watchdog, the Enforcement Directorate (ED), recently cracked down on the Fiewin gaming scam that had drained $47.6 million (roughly Rs. 400 crore) from its users. In a recent update on the case, Binance has announced that its internal intelligence unit…

The Bharat Web3 Association (BWA), India’s leading non-governmental advisory group for Web3, is expanding its international presence. On Wednesday, September 25, the BWA signed Memoranda of Understanding (MoUs) with Australia and Indonesia. This initiative aims to unite global Web3 efforts and collaboratively…

Coinbase and the US securities regulator faced off in a federal appeals court in Philadelphia on Monday as the cryptocurrency exchange pressed the agency to create new rules for digital assets. Coinbase, the largest US crypto exchange, sued the Securities and Exchange…

Sweden has classified some crypto exchanges and crypto-related service providers as ‘professional money launderers’ claiming that these platforms are often used by criminals to launder proceeds from all types of crimes via cryptocurrency. In the official notice, the authorities have identified four…

The official YouTube channel of the Supreme Court of India that was used for streaming proceedings was purportedly compromised by hackers on Friday showing crypto advertisements. The channel was uploaded with videos relating to a cryptocurrency product. The entire page has been deleted…

India is one of several countries actively working to integrate Central Bank Digital Currencies (CBDCs) into their financial systems. Over the weekend, the International Monetary Fund (IMF) proposed a framework aimed at facilitating widespread adoption of CBDCs, known as REDI, which stands…

Indian crypto exchange WazirX, that was hacked for over $230 million (roughly Rs. 1,928 crore) on July 18, is moving ahead with resuming some services on its platform after more than a month of suspension. In a statement released over the weekend,…

A digital asset from a blockchain project linked to Telegram Messenger LLP has lost about $2.7 billion (roughly Rs. 22,670 crore) in market value, reflecting the uncertainty sparked by the detention of the messaging app’s co-founder. Toncoin, the token of The Open…

Bitcoin on Wednesday, August 28, showed a price dip of 4.22 percent in the last 24 hours on Indian exchanges. At the time of writing, BTC was trading at $63,385 (roughly Rs. 53 lakh) on Indian exchanges like CoinSwitch. On international exchanges,…

This week, the crypto market is gearing up for two key events: the upcoming FOMC meeting in the US and the launch of the Donald Trump-backed crypto platform, World Liberty Financial. Amid these developments, Bitcoin showed slight declines on Monday, September 16,…

A total of 134 countries representing 98 percent of the global economy are now exploring digital versions of their currencies, with almost half at an advanced stage and pioneers like China, the Bahamas and Nigeria starting to see a pick up in…

Donald Trump on Monday offered few details about a new cryptocurrency business that the Republican former president, his family and associates unveiled in a live event on X Spaces. Trump engaged in a wide-ranging discussion that touched on the second apparent assassination…

Rexas Finance (RXS) is fast emerging as one of the key daggers in the Real-World Asset (RWA) tokenization market. This project implements the tokenization approach to standardize the linkage of physical assets to the blockchain. More people are being brought into the…

The digital assets industry is expanding globally, with blockchain and cryptocurrency-related businesses on the rise. In a new development, Qatar has made a move to attract Web3 developers to establish their operations in the country. The Qatar Financial Centre (QFC) in Doha…

Blockchain technology, also known as distributed ledger technology (DLT), forms the backbone of Web3 innovations, including cryptocurrencies, the metaverse, NFTs, and more. To enhance the functionality and use cases of these networks—often seen as a more secure alternative to traditional Web2 servers—developers…

The crypto sector, that is presently valued at over $2 trillion (roughly Rs. 1,70,32,400 crore), is under constant threat from malicious actors who are increasing in number at a rapid pace globally. In a recent blog, Binance sounded an alert about the…

In August, electronics giant Sony launched Soneium, a layer-2 blockchain, and established Sony Block Solutions Labs (Sony BSL) to spearhead its blockchain ventures. In a recent development, Circle, the issuer of the USDC stablecoin, has partnered with Sony to expand the USDC…

Consumers lost more than $5.6 billion (roughly Rs. 47,029 crore) last year through cryptocurrency-related fraud, according to an estimate from the US Federal Bureau of Investigations — a 45 percent jump from 2022. The FBI Internet Crime Complaint Center received nearly 69,500 complaints from…

Ahead of the US’ decision on the reduction of interest rates slated for September 18, the overall crypto market is struggling to overcome volatility. Bitcoin on Wednesday, September 11 saw a loss of 0.42 percent and 1.20 percent on international and national…

Bitcoin, on Friday, September 13, posted minor losses of about 0.77 percent across both national and international exchanges. According to CoinMarketCap, BTC’s value dropped to $57,854 (roughly Rs. 48.5 lakh) on global exchanges. However, on Indian platforms like CoinSwitch and CoinDCX, the…

WazirX, which suffered a loss of over $230 million (approximately Rs. 1,900 crore) in a hack in July, is now working to restructure its finances. In a recent affidavit, the exchange revealed that only 441 users have supported the moratorium appeal filed…

Retail trading platform eToro will stop offering nearly all cryptocurrencies to its customers as part of a settlement with the US Securities and Exchange Commission, the regulator said on Thursday. eToro also agreed to pay a penalty of $1.5 million (roughly Rs.…

The decentralized finance (DeFi) sector aims to remove intermediaries like central banks and brokers from financial transactions, focusing mainly on crypto-based services. In this article, we’ll explore liquidity pools, often described as the driving force behind the smooth operation of DeFi protocols.…

India led the way in global adoption of cryptocurrencies for the second straight year as investors braved the country’s tough regulatory stance and steep trading taxes, a report from blockchain analytics company Chainalysis showed on Wednesday. The report, which tracks adoption across…

Binance is expanding its services portfolio to maintain its competitive edge in an increasingly crowded industry. On Thursday, September 12, the exchange introduced a new ‘token unlock and vesting schedule’ feature, which it says will make tokenomics more transparent and accessible for…

As the crypto sector undergoes regulatory shifts worldwide, banks are increasingly exploring opportunities to offer services related to virtual digital assets (VDAs). In a recent development, London-based Standard Chartered has launched a digital asset custody service in the UAE. This service will…

Days after the FBI warned crypto investors about a rise in crypto-related attacks, an Indonesian exchange has reportedly been hacked. Ten-year old crypto exchange Indodax, headquartered in Bali, was breached by hackers on Wednesday. Blockchain security firm SlowMist estimates that around $22…

The blockchain technology that makes for the foundation of all things Web3 has managed to stir intrigue around its use cases around the world, including in India. In a fresh development, the municipal corporation of Gujarat’s Ahmedabad city in India has pushed…

Opportunist crypto scammers took advantage of the hype around Apple’s ‘Glowtime’ iPhone 16 event on September 9 to fish for potential victims through Google-owned video streaming app YouTube. Several users posted screenshots of multiple scam videos, that showed Cook promoting crypto giveaways,…

The cryptocurrency market on Monday, September 9, was largely profitable, with most digital assets recording gains. Bitcoin registered a minor gain of around one percent on Indian exchanges like CoinDCX and CoinSwitch. At the time of writing, BTC in India was trading…

A point of intersection between Artificial Intelligence (AI) and Web3 – AI tokens are cryptocurrencies that are linked to AI projects and protocols. In the last few days, the AI tokens category has emerged as a topic of buzz among members of…