Category: Cryptocurrency

As the crypto market entered September 2024, most cryptocurrencies saw significant losses. On Monday, September 2, Bitcoin experienced a price drop of 2.57 percent on Indian exchanges like CoinDCX and a decline of around 1.69 percent on international platforms, according to CoinMarketCap.…

WazirX hacker, who remains unidentified since the hack in July, is reportedly moving around the stolen funds. Data collected by Arkham Research showed that the hacker is using the controversial Tornado Cash platform to do so. Out of the stolen amount of…

India’s CoinSwitch crypto exchange is expanding its services portfolio to now focus on high networth individuals (HNIs) and institutional investors. In an announcement shared on Thursday, September 5 – the Mumbai-headquartered exchange said with this service, it aims to provide HNIs with…

AlgoBharat, the Indian unit of the Singapore-based blockchain firm Algorand Foundation, is ready for the second edition of its Web3-focussed initiative in India. Called the ‘Road to Impact’, this programme is aimed at bringing Web3 developers and startup teams to compete and…

As the UK aims to position itself as a leading hub for Web3 innovation, financial authorities are stepping up efforts to safeguard the crypto sector’s stability and security. A recent report from the UK’s Financial Conduct Authority (FCA) revealed that 90 percent…

The crypto market seems to be struggling to regain momentum amid a slowed down week. On Friday, September 6, Bitcoin saw a loss of between 1.06 and 2.03 percent on national and international exchanges. The oldest and the most expensive cryptocurrency is…

India’s Ministry of Electronics and Information Technology (MeitY) is deepening its commitment to blockchain, the foundational technology behind Web3. This week, MeitY unveiled a suite of blockchain platforms aimed at empowering Indian developers to build secure, transparent, and reliable digital solutions. MeitY…

The US Federal Bureau of Investigation (FBI) has warned crypto investors about the increasing danger posed by sophisticated North Korean hackers. The aim of these cybercriminals, according to the US investigative agency, is to steal hefty crypto reserves from firms that are…

Japan’s Financial Services Agency (FSA) aims to promote treating cryptocurrencies akin to traditional assets such as stocks and gold. As part of this effort, the FSA has reduced tax rates on income generated from crypto activities. Corporate crypto holders will face slightly…

Bitcoin on Wednesday, September 4 continued to stay substantially under the mark of $60,000 (roughly Rs. 50.3 lakh) after seeing a price decline earlier this week. On both Indian and international exchanges, Bitcoin recorded price drops of around four percent on Wednesday.…

The Cardano blockchain team is actively working toward self-sustainability. Recently, Cardano completed its Chang upgrade, propelling the network into the era of decentralized governance. Now, ADA token holders can actively participate in electing representatives and contribute to development discussions. The Chang hardfork…

Coinbase CEO Brian Armstrong showcased the first-ever transaction of tokens between two Artificial Intelligence (AI) agents this week. In a playful post, Armstrong mentioned that one AI bought tokens from another AI. This milestone represents a significant step in exploring the possibilities…

On Monday, September 2, the WazirX team, including co-founder Nischal Shetty, held a virtual townhall with members of the media. During this meeting, Shetty informed Gadgets360 that users in urgent need of funds have begun withdrawing their Indian Rupee (INR) balances from…

Crypto ATMs, which allow users to purchase cryptocurrencies with cash, have become a significant catalyst for illicit transactions in recent years. A recent report by blockchain intelligence firm TRM Labs reveals that the rate of illicit activities involving crypto ATMs is double…

Nasdaq is seeking the green light from regulators to launch and trade options on a Bitcoin index, the exchange operator said on Tuesday. The US Securities and Exchange Commission (SEC) has yet to approve options based on any of the individual exchange-traded funds (ETFs) tied to spot Bitcoin prices…

Indian crypto exchange CoinSwitch has decided to take legal action against its troubled contemporary WazirX in an attempt to recover its funds stuck on the latter’s platform following a hack last month. In a detailed post published on X, CoinSwitch disclosed that…

Elon Musk and his electric vehicle company Tesla won the dismissal of a federal lawsuit accusing them of defrauding investors by hyping the cryptocurrency Dogecoin and conducting insider trading, causing billions of dollars of losses. The decision was issued on Thursday night…

Bitcoin and other cryptocurrencies like Ether saw their prices fall on Friday, fuelled by the ongoing market volatility that has continued to affect the value of these digital assets. The price of Bitcoin dropped by less than one percent on Friday, and…

The Basel Committee on Banking Supervision (BCBS) has addressed its concerns around permissionless blockchains that are accessible by the public. In an official blog post, the body that sets the international standards of global banking, stated that its issue is not with…

The Reserve Bank of India (RBI) is overseeing the creation and distribution of the eRupee CBDC for retail and wholesale payment purposes. The central bank’s approach towards exploring the inclusion of the eRupee into the existing financial system has been praised by…

The Delhi High Court, in a judgment passed on August 23, has ordered the Ministry of Communitions to remove 38 websites impersonating an Indian crypto investment firm within a week’s time. Last week, Mudrex filed a petition with the Delhi High Court…

The US Securities and Exchange Commission (SEC) has threatened to sue non-fungible tokens marketplace OpenSea, the company’s CEO said in a post on social media platform X on Wednesday. “OpenSea has received a Wells notice from the SEC threatening to sue us…

Zettai Pte Ltd, the Singapore-based majority stakeholder in WazirX, has sought a moratorium in order to restructure its finances. A moratorium can be explained as a legal authorisation to debtors to postpone payments. Zettai’s application, filed in a Singapore court, is part…

The Open Network (TON) — the Telegram-linked blockchain network — experienced a technical issue in the early hours of Wednesday that saw the network go offline, prompting exchanges like Bybit and Binance to halt deposits and withdrawals on the network during the…

Argentina is seemingly doubling down on initiatives to equip the next generation of workforce with knowledge and training in emerging technology. In a step towards this direction, the Argentinian authorities have decided to make the study of Ethereum a part of the…

Okto, the self-custodial crypto wallet developed by Indian crypto exchange CoinDCX, has secured a business licence in UAE’s Ras Al Khaimah (RAK) city. This marks a pivotal milestone in Okto’s plans for expansion in international markets, starting with the UAE, the company…

India’s digital Rupee, or eRupee central bank digital currency (CBDC), is presently in the advanced phases of its trials facilitated by 16 national banks. The eRupee has managed to amass five million users in its pilot stage, RBI Governor Shaktikanta Das claimed…

Over the weekend, Telegram co-founder Pavel Durov was reportedly arrested in France over charges linked to the operation of the messaging app. Following the development, all popular cryptocurrencies recorded price drops. Bitcoin, for instance, saw losses of nearly two percent on national…

CoinDCX-owned self-custodial wallet Okto announced the launch of a rewards initiative on Wednesday. Okto is looking to incentivise traders that are active on its platforn while simultaneously ramping up user activity. As part of the program, Okto has announced that it will…

Crypto traders in Nigeria have reportedly urged the government to take a measured approach in tackling regulatory issues with crypto firms like Binance. As part of their suggestions to the Nigerian authorities, crypto investors in the country have asked the government to…

Worldcoin, the controversial proof-of-personhood project by OpenAI’s Sam Altman, has found itself under the legal scanner in Colombia. The ambitious project, that aims to provide unique digital ids to human beings, has been accused of breaching the personal data protection laws in…

Sony’s Web3 exploration has now come to a point that the Japanese tech giant has announced its own blockchain network, named Soneium. The layer-2 network is being built atop Ethereum in collaboration with Startale Labs, the team behind Astar Network. Sony has…

Crypto hackers, known for their relentless attacks on the sector, are now targeting popular brands and celebrities on social media to ensnare unsuspecting victims. In a recent breach, McDonald’s Instagram account was hacked to promote a fraudulent memecoin called ‘Grimace.’ With a…

The crypto price chart reflected signs of volatility after the latest employment growth data in the US showed that the job market from March 2023 to March 2024 was not as robust as initially reported. Bitcoin on Thursday, August 22 showed a…

El Salvador is preparing to upskill thousands of its civil servants as part of a drive aimed at making the government’s workforce more familiar with Bitcoin-related technology. Over 80,000 Salvadoran civil servants will be trained in efficiently using Bitcoin technology. Upon completion…

Binance CEO Richard Teng, in a post on X, claimed that the exchange has managed to prevent losses of around $2.4 billion (roughly Rs. 20,130 crore) between January and July this year. According to Binance, over 1.2 million global users were protected…

In India, the fintech industry reached an important milestone with the launch of UPI payments in April 2016. By 2027, UPI transactions are expected to cross the 100-crore mark, as per a report by PwC India. August 20 is observed as National…

The crypto price chart, on Tuesday, August 20 reflected gains next to most cryptocurrencies. Bitcoin reflected a gain of 3.5 percent on international exchanges like CoinMarketCap while seeing a loss of 3.05 percent on Indian exchanges like Bitbns. On foreign exchanges, BTC…

The International Monetary Fund (IMF) has released a new report highlighting the rising carbon footprint of the crypto sector and stressing the need for control. To address this, the IMF has proposed a significant tax increase on crypto mining businesses to encourage…

Apple recently announced that it will soon allow third party developers from countries in the European Union (EU) and select other regions to access the NFC technology on iPhone, on an upcoming beta build of iOS 18.1. This technology that supports contactless…

Binance users in India can now access the exchange’s website after being blocked in December 2023. The crypto exchange, touted as the largest in the world, has finally completed its registration with India’s Financial Intelligence Unit (FIU) and has also cleared the…

The global crypto sector has seen an increase in adoption this year, according to a report by crypto exchange Binance. The firm claims that the overall capitalisation of the crypto sector rose by 44 percent or $720 billion (roughly Rs. 60,45,112 crore)…

The Telecom Regulatory Authority of India (TRAI) is taking active measures to control the menace of spam calls in the country. In a recent move, the country’s telecom watchdog has issued a directive to all network providers, asking them to stop promotional…

Bitcoin on Wednesday, August 14 reflected a price gain of 3.15 percent on international exchanges. With this, the value of BTC on international exchanges has come to the price point of $61,060 (roughly Rs. 51 lakh). On Indian exchanges like CoinSwitch, BTC…

Crypto startups reportedly managed to see bigger investments from venture capital firms in the second quarter of 2024, compared to the first. As per a report, a total of $2.7 billion were invested into crypto startups between April and June this year.…

The crypto sector, that is presently valued at $2.05 trillion (roughly Rs. 1,72,11,513 crore), is rife with over 2.4 million cryptocurrencies in circulation with more entering every day. In the memecoin category, a new entrant named ‘Dogs Coin’ is the latest to…

Samsung has forged a new partnership with the NFT game Illuvium to promote its Web3 TVs to a younger, tech-savvy audience. This collaboration is Samsung’s second major Web3 initiative in recent months. In April, the company teamed up with the Wilder World…

The crypto market sentiment, as per the analysts, is extremely fearful at the moment, driven by political conflicts, geopolitical tensions, and other macroeconomic factors fueling volatility. Most cryptocurrencies reflected losses on Monday, August 12. Bitcoin, the most expensive of all cryptocurrencies, reflected…

Binance, touted as the largest crypto exchange in the world, has been issued a notice in India, demanding a Goods and Services Tax (GST) payment of Rs. 772 crore (roughly $92 million). The Ahmedabad zonal unit of India’s Directorate General of GST…

Indian crypto exchange CoinDCX announced the launch of a crypto investor protection fund (CIPF) worth Rs. 50 crores on Wednesday, August 7. This decision from CoinDCX comes after WazirX users were left to bear losses in the aftermath of a hack that…

Indian crypto exchange Giottus announced its upcoming Web3 hackathon in India named ‘Block Bash’ on Thursday, August 8. The exchange has teamed up with Crewsphere, a homegrown layer-1 blockchain focused on decentralising the modern Internet. The hackathon aims to tap into India’s…

The crypto market, after witnessing a slump recently, is jumping back to recovery as indicated by the crypto charts on Friday, August 9. Bitcoin managed to garner a profit of 7.63 percent on international exchanges over the last day. With this, the…

Binance has revealed in an announcement that it has recovered $73 million (approximately Rs. 612 crore) stolen by hackers and scammers from the global crypto sector as of July 31, 2024. The world’s largest cryptocurrency exchange, in a statement shared with Gadgets360,…

A US court has ordered bankrupt cryptocurrency exchange FTX to pay $12.7 billion (roughly Rs. 1,06,572 crore) in relief to its customers, the Commodity Futures Trading Commission (CFTC) said on Thursday. FTX drew customers in with “an illusion that it was a safe…

WazirX, the Indian crypto exchange that recently faced a significant hack, resulting in the loss of nearly half of its reserves, has requested its users to allow a few more days for balance restoration. In its latest update, the Mumbai-based exchange provided…

Sony Financial Holdings’ subsidiaries are independently exploring Web3 to connect with the next generation of consumers. In a recent move, Sony Bank introduced an NFT app called ‘Connect.’ This app allows customers to hold, trade, and collect digital collectibles, all through their…

Binance is currently staring at a GST payment of Rs. 772 crore in India. In an official statement shared with Gadgets360, the crypto exchange once again repeated its intentions of striving to comply with Indian laws after this fresh run-in with the…

The ongoing turmoil in Japan’s stock market coupled with geopolitical tensions erupting in multiple parts of the world is keeping the crypto sector low on profits. Bitcoin on Wednesday, August 7 reflected a loss of 3.25 percent to trade at $57,261 (roughly…

The WazirX hacker, who stole over $230 million (roughly Rs. 1,900 crore) from a multi-signature wallet, managed to access the digital signatures required to process the transaction to facilitate the hack attack. But what are these digital signatures? Unlike the text scribble…

India’s crypto sector has been eagerly anticipating a comprehensive regulatory framework to safely and legally establish and expand their businesses. However, the Indian government is not yet ready to follow regions like the EU and the UAE in presenting a detailed national…

GooglePay, Walmart-backed PhonePe and AmazonPay are among five payment firms seeking to join the Indian central bank’s digital currency pilot by offering transactions via the eRupee, three sources directly involved in the discussions said. Indian fintech firms Cred and Mobikwik are the…

From US’ presidential tussle between Donald Trump and Kamala Harris to Japan’s stock market crash – several macro-economic factors have been impacting the prices of crypto assets. Bitcoin on Monday, August 5, reflected a price drop of 10.98 percent on international exchanges…

The crypto market maintained its lacklustre trajectory for the third week of June with cryptocurrencies showing mixed prices stepping into the next week. Bitcoin on Monday, June 17 recorded a minor gain of 0.32 percent as per CoinMarketCap. With this, the price…

Crypto scammers seem to be on an expansion drive now that the digital assets sector is logging growth in several regions around the world. Yi He, the co-founder of Binance called out Elon Musk over the weekend to take measures to ensure…

The recent hack of a WazirX wallet under Liminal Custody’s oversight has resulted in a loss of over $230 million, significantly impacting India’s crypto activities. In a statement to Gadgets360, Liminal denied WazirX’s allegations that the breach was due to a failure…

WazirX has been trying to resume services on its platform as it continues to investigate the recent hack of one of its wallets under Liminal Custody’s oversight leading to a loss of $230 million (roughly Rs. 1,900 crore). Over the weekend, the…

Dubai-based ByBit crypto exchange has announced the integration of the eRupee CBDC with its peer-to-peer (P2P) transaction service. In an official statement, the exchange said it has received multiple requests from Indian merchants urging support for eRupee transactions. Since the eRupee is…

Coinbase, the US-based cryptocurrency exchange, has added three new members to its board of directors, including an executive from ChatGPT-maker OpenAI, as the company steps up its efforts to sway US crypto policy, Coinbase told Reuters on Thursday. The new members are…

Bitcoin, that was trading at $69,535 (roughly Rs. 58 lakh) at the start of this week, has dropped notably. The asset incurred a loss of over two percent in the last 24 hours on international exchanges like CoinMarketCap. With this, the price…

BlackRock, renowned as the world’s largest asset management firm, has issued a warning about crypto scammers impersonating its company officials. This comes amid a wave of recent hacks targeting various crypto projects, including LiFi, WazirX, dYdX, Fractal ID, and MonoSwap, putting the…

The debate on alternate methods of storing crypto assets has heated up in India after the recent breach of a WazirX wallet that led to the theft of over $230 million (roughly Rs. 1,900 crore) of crypto assets. The compromised multi-sig wallet…

The Reserve Bank of India (RBI) released its latest report detailing the development and roadmap ahead for the digital finance industry. Among several innovations that the RBI praised in this report, the mention of the eRupee central bank digital currency (CBDC) did…

On Monday, July 29, Bitcoin reflected a profit of 3.16 percent to trade at the price point of $69,535 (roughly Rs. 58 lakh) on international exchanges like CoinMarketCap. On national exchanges like CoinSwitch, meanwhile, Bitcoin recorded a profit of over three percent…

The chaos in India’s crypto ecosystem following one of WazirX’s wallet breach is nowhere near an end for now. Over the weekend, the Indian crypto exchange hatched a bounty programme worth $23 million, hoping to recover the stolen funds worth over $230…

Asia’s first inverse Bitcoin exchange-traded fund that allows investors to bet on a fall in the cryptocurrency, is set to debut in Hong Kong on Tuesday. Hong Kong’s CSOP Asset Management said it will launch the CSOP Bitcoin Futures Daily (-1x) Inverse…

Ferrari will allow customers in Europe to make payments for car purchases through cryptocurrencies. In an official statement released on Friday, the Italian luxury carmaker noted that the needs of its clients have evolved over time, and that people are opting for…

Indian crypto exchange WazirX, for the past week, has been invested in probing a hack that drained one of its multi-signature wallets off over $230 million (roughly Rs. 1,924 crore). In its latest update to the community, WazirX has claimed that its…

Cardano, the decentralised and eco-friendly blockchain, is getting closer towards its milestone upgrade called ‘Chang’. This upgrade will add the element of ‘decentralised governance’ to the Cardano blockchain. Since being launched in 2017, Cardano has been aiming at becoming the most preferred…

Several cryptocurrencies saw their prices rise on the crypto price chart on Friday, including the world’s most widely used digital assets — Bitcoin and Ether. Bitcoin price rose by 4.33 percent over the last 24 hours to trade at $66,945 (roughly Rs.…

The government reportedly plans to release a discussion paper before September, outlining its stance on crypto-related policies in the country, and crypto stakeholders — including the Bharat Web3 Association (BWA) — have already expressed their readiness to take part in the process.…

The first U.S. exchange-traded funds (ETFs) tied to the price of ether, the world’s second-largest cryptocurrency after bitcoin, are due to begin trading on Tuesday, in another watershed event for the crypto industry’s push to go mainstream.  Ether ETFs from VanEck, Franklin…

WazirX was recently breached, and the ensuing loss of funds from a wallet held by the crypto exchange has had a heavy impact on the crypto sector in India. The beleaguered crypto exchange says that it has attempted to identify and recover…

The crypto market is undergoing heavy volatility in the backdrop of macroeconomic factors, market changes, and political turmoil. On Wednesday, Bitcoin price fell by 1.93 percent on international exchanges, to trade at $65,866 (roughly Rs. 55.1 lakh), as per CoinMarketCap data. In…

Finance Minister Nirmala Sitharaman presented the Union Budget for 2024-25 on Tuesday, with a slew of reforms for various sectors. The Budget did not mention cryptocurrencies or blockchain technology, two areas that are currently are unregulated in India. The Web3 sector in…

WazirX, that recently launched a bounty initiative worth $23 million (roughly Rs. 192 crore), is hoping to get its stolen funds of over $230 million (roughly Rs. 1,924 crore) traced through third party coders and hackers. The exchange, in an update shared…

South Korea has implemented its much talked-about “Virtual Asset User Protection Act” that defines the dos and don’ts for crypto firms, that wish to offer their services in the nation. This legal framework is aimed at controlling and eventually curbing the exploit…

Bitcoin became the beneficiary of the ongoing political drama unfolding in the US. After current US President Joe Biden dropped out of the upcoming Presidential race against Donald Trump over the weekend, Bitcoin surged to the price point of $68,007 (roughly Rs.…

The Indian government is set to present the union budget for the fiscal year of 2024-2025 on July 23. Ahead of the upcoming budget announcement, Federation of Indian Chambers of Commerce and Industry (FICCI), India’s non-government trade and commerce body, has extended…

WazirX crypto exchange confirmed Thursday that one of its multi-signature wallets had suffered a security breach. The Indian exchange was first informed about a possible breach by security firm Cyvers Alerts through a post on X. Cyvers, in its post, noted that…

The crypto market recorded a minor slip in terms of pricing over the last 24 hours. While most cryptocurrencies recorded price fluctuations on international exchanges on Friday, July 19, Indian exchanges showed notable price declines following the security breach of one of…

WazirX was impacted in a data breach on Thursday, as the company lost funds worth $230 million (roughly Rs. 1,924 crore) to hackers. Over the past 24 hours, analysts and crypto industry executives have identified reasons to believe that this sophisticated breach…

The crypto sector in India is comprised of both national and international exchanges, offering hundreds of cryptocurrencies for investors, similar to trading on the stock market. This week, Mumbai-based WazirX, a widely used crypto exchange in India, fell prey to cybercriminals who…

Centralised exchanges around the world are witnessing an ongoing decline in crypto trading volumes in the last three months. As per information shared by data provider CCData, June saw a monthly decline of 21.8 percent in trading volumes of digital assets. Several…

Indian crypto exchange WazirX informed its users about a security breach on Thursday, that reportedly led to suspicious movement of funds worth $234.9 million (roughly Rs. 1,965 crore) into a Tornado Cash-linked wallet. Many crypto investors in India have expressed apprehension about…

Scammers targeting the crypto sector are getting more creative, as adoption continues to increase. Regulators from the US have issued a warning against an emerging category of crypto scams targeted at crypto investors, where scammers pose as professors or academicians. Social networking…

Global interest in blockchain technology has grown significantly in recent years, and India is no exception to this trend. Among the latest developments within the Web3 ecosystem, “AppChains” have captured the attention of developers. These ‘application-specific blockchains’ represent a crucial stage in…

Bitcoin price in India and global markets continues to rise, raising the value of the world’s most valuable and widely used digital asset. As a result, Bitcoin, which was trading at $59,304 (roughly Rs. 49.5 lakh) as of July 7, has risen…

Crypto payments are still not as popular as other Web3 services because of the volatility of crypto assets as well as the dearth of services that allow and accept settlements in cryptocurrencies. Card payments giant Visa is exploring the sector of crypto…

The crypto sector in India has once again criticised the lack of regulation related to cryptocurrencies in India. The industry has urged the Reserve Bank of India (RBI) to define the relations between crypto firms and traditional banks, as the latter have…

Crypto exchanges and blockchain firms have launched a special initiative called the Blockchain Security Standards Council (BSSC) in order to open discussions around the security provisions related to blockchain technology. Kraken, Coinbase, Ribbit Capital, and Sentinel Global are some of the crypto…

Bitcoin saw a strong recovery on Monday, after the currency hit a slump in market momentum last week owing to macro-economic conditions that imposed selling pressure on investors. At present, Bitcoin is trading at $62,796 (roughly Rs. 52.4 lakh) after seeing a…

The crypto exchanges operating in South Korea are said to be gearing up for an internal audit. As part of this process, over 600 cryptocurrencies will reportedly be re-examined to see whether they meet the regulatory standards laid out by Seoul. The…

The price of Bitcoin failed to record any notable changes over the weekend. At the time of writing, the most expensive asset on the crypto chart was trading at $63,200 (roughly Rs. 52.8 lakh) on foreign exchanges such as CoinMarketCap, after seeing…

Bitcoin on Monday, July 1 showed price hikes on foreign as well as local exchanges. As per CoinMarketCap, the most expensive crypto asset grew by 4.26 percent over the last day to trade at the price point of $63,373 (roughly Rs. 52.8…

The European Union (EU) is adding more layers to its crypto-related regulations to ensure that virtual digital assets (VDAs) are not misused by criminals to conduct or finance illicit activities. The European Banking Authority (EBA) has imposed a ‘travel rule’ on crypto…

Blockchain, the underlying technology supporting cryptocurrencies and other Web3 ecosystems, has been garnering interest from Indian government bodies for some time. Recently, Bihar has become the latest state to explore the potential applications of blockchain in India. The Bihar State Electronics Development…

The Bharat Web3 Association (BWA) met with industry stakeholders in New Delhi on July 11, ahead of the upcoming budget announcement for FY2024-2025. During the meeting, Dilip Chenoy, the chairperson of this Web3 advisory body, said that the industry is ready to…

The crypto sector is undergoing a regulatory revamp in several parts of the world, aiming to make the industry safer for its members. Countries that have initiated these frameworks are seeing a spike in the number of Web3 startups, bringing business and…

The Worldcoin Foundation on Monday launched a developer preview of its upcoming World Chain project, allowing developers to try its upcoming blockchain mainnet. Sam Altman’s controversial Worldcoin project continues to grow steadily, despite facing regulatory challenges in multiple parts of the world.…

The crypto market is undergoing a period of price correction because of multiple macro-economic factors that are bringing volatility in the market. On Wednesday, July 10, Bitcoin showed a gain of over two percent, taking its value to $59,304 (roughly Rs. 49.5…

The Basel Committee of Banking Supervision (BCBS) released a new ‘disclosure framework’ directing banks to reflect their exposure to crypto assets as public records earlier this month. In conversation with Gadgets360, Indian fintech firms have said the Basel Committee’s decision to pass…

Dubai Customs has launched a new blockchain platform to optimise commercial operations within the region, which is increasingly being seen as a pro-technology market. In an attempt to deal with some of the roadblocks that hinder the entrepreneurial sector in Dubai, the…

Bitcoin price dropped to $55,160 (roughly Rs. 46 lakh) on international exchanges like CoinMarketCap on Monday, months after it hit an all-time high of $73,750 (roughly Rs. 61.5 lakh). On foreign exchanges, BTC slipped by 4.09 percent in its price in the…

Valora, a peer-to-peer payments platform is the latest firm that is attempting to foray into the Web3-focused class of smartphones. As the trend of fusing smartphone apps with Web3 technology appears to be on the rise, the US-based firm has announced a…

Over 20 cryptocurrency hacking attacks led to a loss of $176 million (roughly Rs. XXX) in the month of June 2024, according to an analytics firm. This year, the crypto market saw some signs of revival after the US SEC approved BTC…

Mudrex, a crypto investment platform headquartered in Bengaluru, has entered into a partnership with crypto tax computing platform, KoinX. As part of the agreement between both firms, Mudrex users in India will be able to file their crypto taxes in time, before…

Meta has listed fresh job openings for its metaverse unit at its headquarters in California, after recent layoffs at its Reality Labs unit. The social networking giant is looking for professionals proficient in generative AI (GenAI), which suggests that that it could…

The relationship between cryptocurrencies and centralised banking systems is currently at a nascent stage, with a lack of integration between their operations. In order to change the status quo, the Basel Committee of Banking Supervision (BCBS), which sets global banking standards, has…

Bitcoin on Friday, July 5, recorded a drop of 8.15 percent over the last 24 hours. The value of Bitcoin presently stands at $54,300 (roughly Rs. 45.3 lakh) on international exchanges like CoinMarketCap. This records a drop of $6,527 from the price…

The number of unique active crypto wallets surpassed t 10 million from April to June, according to a report by an NFT marketplace. The report outlines the performance of Web3 in the second quarter of this year. In Q2 2024, the user…

South Korea is trying to rid its crypto sector off miscreants who are exploiting digital assets to facilitate illicit activities like money laundering. The country is conducting a crackdown on crypto activities that are coming across as suspicious or unusual on the…

Threads has crossed the 175 million user mark, a year after the platform was launched as an alternative to X (formerly known as Twitter). The microblogging service owned by Meta was launched on July 6 last year. Meta CEO Mark Zuckerberg also…

Bitget has confirmed that it is working with India’s Financial Intelligence Unit (FIU) to become a registered crypto firm in the country. In a press release issued on Wednesday, Bitget called India a ‘key market’ and said that the country’s crypto market…

CoinDCX on Wednesday announced that it has acquired BitOasis, a UAE-based crypto trading platform. With this acquisition, CoinDCX claims it has taken its first step in expanding its crypto business in the Middle East and North Africa (MENA) region. CoinDCX first engaged…

The crypto sector doesn’t seem to be getting any respite, with most cryptocurrencies consistently showing losses on the price charts. Bitcoin showed a price decline of around 1.37 percent on Wednesday, July 3. On foreign exchanges like CoinMarketCap, BTC is trading at…

The market for non-fungible tokens (NFTs) is witnessing a significant downturn in sales around the world. The most recent data by Cryptoslam showed that the average sale prices of NFTs have slipped by nearly 60 percent between March and June this year.…

European Union’s crypto-focussed MiCA legislation, created to govern the crypto sector, went live on June 30 almost one year after being finalised in April 2023. The aim of this legislation is to ensure that investors engaging with the crypto sector across the…

Japanese tech giant Sony is gearing up to run a crypto exchange business through WhaleFin, which it acquired in 2023. With this, Sony will have found itself testing rougher waters in the Web3 domain, that is not only laden with financial risks…

The CoinStats crypto portfolio app has decided to temporary pause all user activity after it become the latest victim of a security breach over the weekend. Cyber criminals behind the hack lured CoinStats users to click malicious links, falsely promising users of…

India’s eRupee CBDC, that is presently in its advanced trial period, is reportedly facing decline in terms of its usage. Citing sources familiar with the matter, a Reuters report has claimed that CBDC transactions that had hit the mark of one million…

Elon Musk has previously expressed support for cryptocurrencies publicly, but the billionaire was recently impersonated by cybercriminals who hacked an Australian broadcaster in an attempt to target gullible investors. Over the last few years, Musk has shaken up the crypto market via…

Bitcoin opened with a minor price loss on Friday, and the world’s most widely used crypto asset is presently trading at $61,637 (roughly Rs. 51.4 lakh) on international exchanges like CoinMarketCap, after incurring a loss of 0.23 percent. On national exchanges such…

The Reserve Bank of India (RBI) has published its latest Financial Stability Report (FSR) that outlines important events that have recently taken place in the national and international banking and fintech sector. The domain of decentralised finance (DeFi) earned a brief mention…

The central bank of Bolivia has decided to lift a ban on payments using Bitcoin and other cryptocurrencies imposed in 2014. The country is aiming to balance its economy, while modernising its payment systems. Bolivia has become the latest Latin American country…

Delta, a crypto exchange with global headquarters in Kingstown, Saint Vincent, announced the launch of its India subsidiary on Thursday, June 27. The move comes at a time when the Indian government seems to be warming up to cryptocurrencies as it begins…

Binance has decided to add more layers of security over the management of accounts on its platform. The exchange’s decision comes after internal analyses showed that some of its features and services were being exploited to fetch unfair advantages, such as a…

CoinDCX crypto exchange announced Tuesday, June 25, that it was launching a new Web3 mode within its existing app. Through this new service, the exchange will expose users to over 50,000 decentralised tokens that have not yet been listed on centralised exchanges.…

The cryptocurrency market is displaying volatility across most cryptocurrencies on Wednesday, June 26. Bitcoin recorded a minor drop of 0.29 percent that dragged down its price from $63,200 (roughly Rs. 52.8 lakh) to the mark of $61,752 (roughly Rs. 51.5 lakh) on…

CoralApp, an AI-focussed project backed by Binance, is gearing up to enter the hypercompetitive smartphone market in the coming days. The company has conceptualised a smartphone, dubbed the Coral Phone, packed with Web3 and AI capabilities. While the device will support traditional…

Louisiana has become the latest US state to support cryptocurrency mining, as more regions in the country are warming up to digital assets. A newly signed bill is expected to protect the rights of crypto mining individuals and businesses, who can continue…

Cryptocurrencies have made their mark on the fintech sector in several nations but have met with regulatory challenges because of the associated risks and volatile nature of the crypto market. Hong Kong is the latest to join the list of Asian regions…

The Web3 sector is generally considered to have a high exposure to cyber-attacks and hacks, but Telegram-backed The Open Network (TON) blockchain has particularly found itself in trouble. As per blockchain security firm SlowMist, the TON blockchain faces a high risk of…

The crypto industry, currently valued at $2.36 trillion, is attracting entrepreneurs eager to experiment, especially with the emergence of Web3. Coinbase International has decided to step up as a foster for up-and-coming Web3 projects. The exchange, counted among the largest in the…

The crypto market seems to be on upswing price-wise, with majority cryptocurrencies reflecting profits on Wednesday, June 19. Bitcoin recorded a small gain of 0.35 percent to trade at the price point of $65,573 (roughly Rs. 54.6 lakh), as per CoinMarketCap. This…

Giottus, a crypto exchange based in India, has bumped up the number of cryptocurrencies listed on its platform for trading. Cryptocurrencies related to decentralised finance (DeFi) protocols, real world assets (RWA), Artificial Intelligence (AI), and memecoins have made it to Giottus’ refreshed…

Bitcoin price fell by 1.22 percent over the last 24 hours, while the values of several other cryptocurrencies also took a hit on Thursday. As a result, the price of Bitcoin has dropped to $65,255 (roughly Rs. 54.4 lakh) on international exchanges…

Ahead of India’s final budget announcement for FY2024-2025, a policy paper has outlined the reasons why the government should consider revising the crypto tax laws in the country. The report has collectively been compiled by the Centre for Tax Laws, Hyderabad-based NALSAR…

Meta is attempting to enhance and streamline its operations in the Web3 and wearables markets. The company has reportedly divided its Reality Labs team into two separate entities where one team will work on the metaverse-focussed Quest headsets and the other will…

India’s Financial Intelligence Unit (FIU) has imposed a fine of $2.25 million (roughly Rs. 18.8 crore) on Binance. The financial watchdog announced the development on Thursday, June 20. India has claimed that the crypto exchange, touted as the largest in the world,…

Sam Altman’s controversial Worldcoin project is no longer under investigation in Kenya. An official notice issued by the Directorate of Criminal Investigations (DCI) in Kenya has claimed that an array of allegations related to Worldcoin’s user data collection were ‘expeditiously and objectively’…

Central Bank Digital Currencies, or CBDCs, are picking up the pace in several nations around the world, and Iran is one of them. In the coming days, the country will gradually be deploying its ‘digital rial’ virtual currency into a public pilot…

The crypto sector, after seeing a massive upswing in March this year, has found itself rather stagnated for over a month now. In light of the current volatile market conditions, one of Dogecoin’s developers who goes by the name of Mishaboar has…

The authorities in Malaysia are said to be cracking down on crypto tax evaders. As part of a special investigation codenamed ‘Ops Token’, officials from the Malaysian federal agency Inland Revenue Board (IRB) reportedly conducted raids at multiple locations having identified firms…

Crypto trading has become an addictive habit among the younger population of the UK, according to National Health Service (NHS) Chief Executive Amanda Pritchard, who has sounded the alarm on the rising cases of crypto trading addiction. Pritchard has called for intervention…

MiCA — or Markets in Crypto Assets — technical standards have been published by the European Banking Authority (EBA) on Thursday. Ahead of the upcoming July deadline, the EBA has published a detailed set of guidelines around technical standards that Web3 firms…

India’s independent Web3 advisory body, the Bharat Web3 Association (BWA), has prepared a message for Nirmala Sitharaman, who returned as the nation’s finance minister for a second term this month. In its message shared with Gadgets360, the BWA said India needs a…

Solana Labs has unveiled a blockchain-powered verification platform for brands that offer loyalty programmes. The company behind the popular Solana blockchain has launched ‘Bond’, which is a customer engagement platform that is claimed to be helpful to companies that wish to improve…

Binance, one of the largest crypto exchanges in the world, recently sent over a team of officials to meet with law enforcement officers in Macau. The aim of this meeting was to train officers in understanding loopholes in Web3 technologies that could…

The crypto sector, which is currently valued at around $2.46 trillion, is beginning to garner interest from profitable institutional investors. In its latest report titled ‘The State of Crypto’, Coinbase states that 56 percent of the Fortune 500 companies are in some…

South Korea is ramping up efforts to formulate rules to oversee the virtual digital assets sector, with the Financial Services Commission (FSC) spearheading the task of drafting these laws. Seoul’s new guidelines will result in regulators classify bulk or large scale non-fungible…

Itau Unibanco, touted as the largest bank in Brazil, has decided to open crypto trading services for its massive userbase of over 60 million. This step from Itau Unibanco comes after the bank tried offering this functionality to a small bunch of…

The United States Federal Trade Commission (FTC) has identified a rise in romance scams targeting the crypto community in the US. The FTC has clearly asked people to cut off from online love interests who may be discussing investment ideas, especially related…

Mudrex, a Web3 firm that offers crypto investment services, announced a new reward initiative for its userbase in India on Tuesday, June 11. Called ‘Earn’, this service will let Mudrex users earn up to 10 percent annual income on their crypto holdings…

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…

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…

Crypto startups are putting valuations in the fast lane with an aggressive form of fundraising that reflects the digital-asset industry’s recovery as well as a desire among venture funds to put money to work. This approach involves an open-ended, rolling fundraise that…

The timing for when exchange-traded funds (ETFs) tied to the cryptocurrency ether can begin trading depends largely on how quickly issuers respond to the U.S. Securities and Exchange Commission’s queries, Chair Gary Gensler said on Wednesday. The SEC last month approved applications…

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…

Bitcoin, the oldest and most expensive cryptocurrency in existence, has completed its first billion transactions this week. The asset, created in 2009, has taken fifteen years to hit one billion transactions. The crypto community is elated and flooding the social networking platforms…

The crypto mining industry often finds itself under the scanner for being power-intensive and releasing greenhouse gasses into the environment. In a recent development, the South American nation of Venezuela has announced a ban on crypto mining. The massive load of electricity…

Brazil, after implementing some rules to govern cryptocurrencies back in 2022, is gearing up to unveil a more detailed regulatory framework to oversee the crypto sector. In a recent development, the Central Bank of Brazil has claimed that it would be bringing…

The US SEC approved eight exchange traded funds (ETFs) for Ether this month. Through ETFs, investors can engage with Ether trading via traditional stock markets – rather than having to use a crypto exchange ecosystem. Interested members of the investor community will…

The Worldcoin project, led by OpenAI’s Sam Altman, has announced that it will introduce more Orbs for verifications soon. The announcement comes days after the project was barred from operating in Hong Kong. Despite the threat of being banned in multiple parts…

Argentinean officials are in dialogue with their counterparts from El Salvador to gain a deeper understanding on strategies and experiences in adopting Bitcoin. Last week, senior leadership of the Argentinian National Securities Commission (CNV) met with El Salvador’s National Digital Assets Commission…

The overall crypto chart showed the market trading rather flat today. Bitcoin on Wednesday, May 29 reflected a small gain of 1.28 percent. With this, Bitcoin is currently trading at $68,768 (roughly Rs. 57.2 lakh) on foreign exchanges like CoinMarketCap. Meanwhile, on…

Mastercard is exploring ways to simplify crypto transactions, which could lead to the mass adoption of these digital assets for day-to-day businesses. The US-based cards payments giant has introduced a new initiative to assess the use of its Crypto Credential programme. The…

Bitcoin price on Friday rose by 0.69 percent, bringing the value of the world’s most widely used cryptocurrency to $68,600 (roughly Rs. 57 lakh) on international exchanges like CoinMarketCap. On national exchanges like WazirX and CoinDCX, the digital asset is trading at…

The Reserve Bank of Indi’s (RBI) eRupee or central bank digital currency (CBDC) is currently in an advanced trial phase with multiple national banks assisting the RBI in rolling out the digital currency. The usage of eRupee in the retail sector reportedly…

Ocean Mining, a Bitcoin mining pool backed by Block head Jack Dorsey, has established its global headquarters in El Salvador. The country’s pro-crypto policies are what attracted this crypto mining pool to move there. Crypto mining operations are known to be very…

Metaverse technology has seen increasing adoption across multiple industries over the past few years. A report by research firm InsightAce Analytica has detailed the impact that metaverse technology is projected to have on the global healthcare sector. One of the main improvements…

The crypto sector, despite having seen notable expansion in several parts of the world, is still struggling to safeguard its community against cybercrimes. Coinbase and Kraken are among popular crypto firms that have joined a newly formed industry group that intends to…

Algorand is expanding its presence in India’s blockchain sector, one step at a time. This week, Algorand Foundation’s India-focussed initiative called AlgoBharat, announced an app developer programme to train Indian engineers in blockchain development. Nasscom, the country’s primary non-government tech trade body,…

Hong Kong’s Securities and Futures Commission (SFC) will soon inspect crypto firms in the region ahead of a deadline to obtain licences to operate in the region. The regulator has been shifting its focus to strengthen compliance criteria for crypto firms in…

Brazil has reportedly halted the pilot testing of Drex, its central bank digital currency (CBDC), The pilot of the country’s first CBDC will take place by 2025, as the Central Bank of Brazil has found blockchain privacy solutions to be insufficient, which…

Coinbase, one of the largest crypto exchanges in the world, has decided to launch an educational and awareness initiative for technology users from around the world. Named ‘Tech Against Scam’, this initiative aims to inform the tech community about ways to safeguard…

The European Blockchain Observatory and Forum (EUBOF) has given a heads up to the European Union (EU) to get prepared to handle the upcoming era of decentralised AI networks. In a report addressed to the EU, the EUBOF said that the merging…

Bitcoin on Monday, May 27 saw a minor gain of around one percent. At the time of writing BTC was trading at the price point of $72,034 (roughly Rs. 59.8 lakh) on Indian exchanges like WazirX. Internationally however, Bitcoin is trading at…

The US House of Representatives, this week, greenlit a new bill that aims to regulate the crypto sector. While the FIT21 (Financial Innovation and Technology for the 21st Century Act) bill still awaits approval from the US Senate, stakeholders of India’s crypto…

India’s CoinSwitch crypto exchange published the third edition of its Proof of Reserve (PoR) on Thursday, May 23. The report claimed that the worth of total consumer holdings on CoinSwitch, including both cryptocurrencies and INR, stood at Rs. 2, 774.10 crore as…

Mai Labs — a Web3 firm headquartered in the Cayman Islands — showcased its Mayaaverse metaverse platform in India earlier this week. The firm demonstrated the platform that digitally traces India’s journey through history. Mayaaverse allows visitors to explore ancient Indian cities…

The OKX crypto exchange recently announced a partnership with Jambo, a Web3-enabled smartphone brand. Through this partnership, both the brands are looking to push the Web3-backed digital economy in smartphone-friendly emerging markets. While Web3 and smartphones – both of which make for…

The U.S. Securities and Exchange Commission (SEC) on Thursday approved applications from Nasdaq, CBOE and NYSE to list exchange-traded funds (ETFs) tied to the price of ether, potentially paving the way for the products to begin trading later this year. While the…

The overall crypto chart reflected losses next to most cryptocurrencies on Friday, May 24. Bitcoin recorded a loss of around one percent on Friday to trade at the price point of $71,771 (roughly Rs. 59.7 lakh) on Indian exchanges like CoinSwitch. Meanwhile,…

Liminal Custody, that offers storage and wallet services for virtual assets, announced that its Indian entity ‘First Answer India Technologies Private Limited’ is now officially registered with India’s Financial Intelligence Unit (FIU). With this, the entity has become the latest Web3 firm…

Lawmakers from the US have come together to vote in favour of a crypto bill, called the Financial Innovation and Technology for the 21st Century Act (FIT21). In a rather historic moment, 279 out of 136 members of US’ House of Representatives…

Betting big on the future of advanced human-computer relation, Grand Cayman -headquartered Web3 firm Mai Labs launched its metaverse platform called ‘Mayaaverse’ in India on Wednesday, May 22. The company, in a launch event hosted in Delhi, also unveiled the Lumyn XR,…

Bitcoin on Wednesday, May 22, logged a minor loss of 2.54 percent. The value of BTC on national and international exchanges at the time of writing, stood at $72,182 (roughly Rs 60 lakh) and $70,036 (roughly Rs. 58.3 lakh), respectively. The asset,…

GameFi, another jargon from the Web3 sector, now seems to be grabbing the attention of members of the Web3 and gaming communities. The concept of GameFi brings together two elements – gaming and finance. Games that fall under this category are based…

The past few months have brought in price spikes for majority cryptocurrencies, bringing back investors’ interest into the sector. In its recent data, CoinShares showed that investment products backed by digital assets like NFTs and cryptocurrencies managed to garner $932 million (roughly…