Crypto

While market weakness had already been present coming into Friday, Trump’s post sparked a decline of more than 12% in Bitcoin.

FIU-IND to block URLs of 25 offshore crypto exchanges for non-compliance to local anti-money laundering laws

“It must be mentioned that the Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions,” the Finance Ministry emphasised it its statement.

Crypto exchange Bybit steps up India push with team expansion, user growth drive, crypto card plans

India’s stance on crypto regulations is getting much better, as the regulators are a lot more open to conversations, Michelle Daura, Head of Regulated Expansion Regions, Bybit told Moneycontrol.

Binance pilots Crypto-as-a-Service in India and other markets, will help financial institutions offer crypto trading services

Binance will begin early access from September 30, offering private demos to a select group of licensed banks, brokerages, and exchanges that meet scale requirements.

Crypto giant Tether seeks funding at $500 billion valuation

The El Salvador-based company is seeking between $15 billion and $20 billion in exchange for a roughly 3% stake through a private placement

CoinDCX’s CHRO Mudita Chauhan, CISO Sridhar G quit

This comes three months after, Chief technology officer (CTO) Vivek Gupta and legal head Tushar Tarun had quit even as the exchange looks to expand globally.

Crypto Futures driving 70-80% trading volumes, say Indian exchanges

Tax saving benefits, influencer-driven traction, and flexibility to take long and short positions on a large variety of tokens led to the growing popularity of crypto perpetual futures.

How Peter Thiel-backed unicorn Sentient AI plans to compete ChatGPT, Perplexity to build open source AI

Last week, Sentient AI launched Grid, an open-source AGI platform allowing any developer to contribute agents, data, or models in a single interface. It has over 40 specialised agents, 50 data sources, and 10-plus models, spanning Web2 and Web3 applications.

Bitcoin falls 7% after record rally: What lies ahead?

Cryptocurrency news: The sharp fall in the crypto's prices comes as investors may have booked profits at elevated levels

Can’t comment if bilateral trade good or bad, but talks with US progressing well: FM

Global trade shifting amid geopolitical flux; FM highlights need for redefined multilateral institutions

Govt collected Rs 437.43 cr in income tax on cryptocurrencies in FY24, up by 62% YoY

This is the first time the government has disclosed the information on crypto taxes collected since it was implemented in 2022.

Personal Finance: Are cryptos, gold a must in portfolios?

Bitcoin investors are happy to use their financial gains to upgrade their lifestyle and live well without producing anything real in exchange for it 

CoinDCX announces recovery bounty programme after hack; offers up to $11 million in reward

The exchange has promised up to 25% of recovered funds to 'individuals or teams who can help trace and retrieve the stolen crypto' and, assist in the 'identification and conviction of those involved'

Crypto exchange CoinDCX hit by cyberattack, $44 million drained from internal operational account

CoinDCX confirmed the same and added that no customer funds were impacted in the breach. All trading activity and INR withdrawals continue to be fully operational.

Indian HNIs swap stocks for crypto as family offices join global bull run

Average HNI trading volumes have gone up by nearly 30 percent across exchanges within the first 15 days of July, as compared to the June figures.

Singapore court extends WazirX’s moratorium, fast tracks revote

The court has also set aside its previous order from June 4 that had dismissed WazirX’s proposed restructuring scheme.

Inside Bhutan’s push to become a crypto hub

Bhutan recently launched its first crypto use case by allowing payments through Binance Pay to attract tourists. The government believes enabling crypto tourism would also be a boon for the small and medium enterprises

Indian-origin businessman buys island to build new country for techies, founders, creative thinkers

Balaji Srinivasan has opened a 'Network School' on the island which features lectures on topics like digital nomadism while offering meals designed by longevity-obsessed millionaire Bryan Johnson.

Internal rules of ICAI, bar councils restrict emergence of India’s Big 7: Sanjeev Sanyal

'It is not a big four, it has to be a big 4 plus three, because it is a big four of audit firms plus three global consultancies,' says Sanyal

Crypto’s audacious bid to rebuild stock market on the blockchain

The ambition is predictably audacious from a crypto community built to gut out the middlemen and outsmart the regulator

Crypto and IPO lull revive Spac market as Wall Street warms up to risk again

From regulatory fatigue to speculative resurgence, the blank-cheque boom is back—this time with crypto in the driver’s seat.

Crypto giants set for EU green light amid growing regulatory rift, sources say

MiCA aims to bring crypto under the same regulatory umbrella as traditional finance, but some fear that uneven enforcement could undermine its goals.

If Ethereum doesn’t find its footing, we have to find our own standing: Polygon's Sandeep Nailwal on forging new path

In a candid conversation with Moneycontrol, Nailwal spoke about dismantling the board, his comeback as CEO and rebuilding Polygon

CoinDCX’s CTO Vivek Gupta, legal head Tushar Tarun quit

Gupta’s last day of work will be in June end and Tarun will be exit a month later, sources told Moneycontrol

Singapore court declines WazirX’s restructuring plan following $230-mn hack

The long-awaited restructuring plan’s approval was critical to allow rebalancing of tokens that would have enabled impacted users to recover up to 85 percent of the value of tokens lost in the initial phase.