Page 9 - Crypto Trading

A cryptic move: US cryptocurrency reserve sparks puzzlement and alarm

The US, for example, holds around $17 billion equivalent of cryptocurrencies seized from criminals, and China is estimated to hold around $19 billion

As US takes lead, India may move to regulate cryptocurrency: Experts

The price of Bitcoin rallied to $95,083 per piece on Sunday from $78,225 on Friday following Trump's announcement. It normalised to $83,687 on Tuesday at the time of writing this report

How cryptocurrency is becoming a mainstay for cybercriminals worldwide

India had its largest crypto theft last year when currencies worth $230 million were stolen from wallets linked to WazirX exchange, according to news reports

Crypto trading booms in India's interiors as job growth, incomes disappoint

Many young Indians are dabbling in crypto trading to supplement their regular income in the world's most populous country where jobs and pay increases have lagged world-beating economic growth

Surge in crypto ETF filings following Trump's return to power: Report

These filings belong to 16 distinct virtual digital asset (VDA) categories, including memecoins

Crypto fraud: CBI seizes Rs 1.08 cr from 11 locations in Delhi, Haryana

The CBI has conducted searches at 11 locations in Delhi and Haryana on alleged cyber criminals who were cheating people by impersonating as government officers resulting in seizure of Rs 1.08 crore cash, officials said Saturday. The searches were conducted at nine locations in Delhi and two in Haryana's Hisar on Friday in connection with a two-year-old case, they said. It was alleged that the accused were engaged in illegal activities by impersonating government officials and committing crypto fraud, a CBI spokesperson said. "They were also found cheating people in India and abroad, by offering fake technical support consultations and dishonestly inducing them to transfer money in the form of cryptocurrency. This money was then routed through multiple crypto wallets and converted into cash," the spokesperson said in a statement on Saturday. The agency has already filed a charge sheet in the case against three accused. "During the searches, the CBI unearthed significant incriminati

Russian crypto expert Alexander Vinnik returns to Moscow in prisoner swap

Alexander Vinnik, a Russian cryptocurrency expert who faced Bitcoin fraud charges in the United States, returned to Russia on Thursday after being freed in a swap that saw Moscow release American Marc Fogel, Russian news agencies reported. Alexander Vinnik arrived in Moscow on a flight from Turkey, where he was flown after being released from custody in California, Russia's state Tass and RIA-Novosti news agencies reported, citing Russian aviation officials and his lawyer. Vinnik, who operated cryptocurrency exchange BTC-e, was arrested in 2017 in Greece at the request of the US on cryptocurrency fraud charges and was later extradited to the United States where he pleaded guilty last year to conspiracy to commit money laundering. Steve Witkoff, a special envoy for US President Donald Trump, left Russia with Fogel earlier in the week and brought him to the White House, where Trump greeted him on Tuesday. Fogel, an American history teacher who was deemed wrongfully detained by Russia

Donald Trump's new crypto company launches strategic 'token reserve'

The announcement comes at a time when Trump and his family businesses are increasingly turning to making money from the world of crypto

Cryptocurrency exchange WazirX completes asset restructuring on platform

The redistribution of assets will be made in the form of tokens, the company said, conditional to its users voting in affirmative to its scheme

'Beware of meme coins; ethereum could be the next big crypto after bitcoin'

Edul Patel, CEO and co-founder of Mudrex, shares his views on Bitcoin, meme coins, Trump's policies, AI in trading, and the future outlook of cryptocurrencies

Crypto in Crisis! Trump's tariffs spark fears; what's next for investors?

The trade policies, analysts said, could fuel volatility across risk assets, including cryptocurrencies

Budget 2025: No tax relief for crypto investors, new compliances introduced

Virtual Digital Assets (VDAs) are now classified as undisclosed income. So if unreported crypto gains are detected, tax authorities can levy a 60% tax along with a hefty 50% penalty on the tax amount

CBI busts Rs 350 crore nationwide crypto Ponzi scam, raids seven locations

The CBI has conducted search operations across seven locations after registering a case of Rs 350 crore crypto ponzi scam against seven persons, officials said Friday. The accused persons were allegedly running seven separate modules based in the cities of Delhi, Hazaribag, Bathinda, Ratlam, Valsad, Pudukkottai and Chittorgarh, taking money from gullible investors promising investments in cryptocurrencies, they said. "These ponzi schemes were being promoted through multiple social media groups. An analysis of bank account transactions and cryptocurrency wallets has revealed that the illegal proceeds from these schemes were being converted into cryptocurrencies to obscure their origin," CBI's spokesperson said in a statement. It is alleged that they had conducted transactions of over Rs 350 crore in these schemes, the officials said. On Thursday, the agency swooped down at locations in Delhi, Jharkhand, Punjab, Madhya Pradesh, Gujarat, Tamil Nadu and Rajasthan. During the searches,

HPZ Token scam: Fintechs deny reports of ED probe, freezing of accounts

The chargesheet has named 298 individuals in what could one India's largest cryptocurrency scams: The HPZ Token scam, operated by 10 Chinese nationals

Trump inks executive order to form internal working group on crypto

US President Donald Trump has signed an executive order to form an internal working group on crypto aimed at making America the world capital in crypto. It also prohibited the establishment of central bank digital currencies. Chaired by White House AI and Crypto Czar David Sacks, the working group would be tasked with developing a federal regulatory framework governing digital assets, including stablecoins, and evaluating the creation of a strategic national digital assets stockpile. The other members of the group include the secretary of the treasury and the chairman of the Securities and Exchange Commission. Prohibiting agencies from undertaking any action to establish, issue, or promote central bank digital currencies, the executive order revoked the previous administration's Digital Assets Executive Order and the Treasury Department's Framework for International Engagement on Digital Assets which, the Trump administration claimed, suppressed innovation and undermined the US' ...

Donald Trump 2.0 presidency: What it means for stocks, H1-B visa, bitcoin

Here's how leading brokerages have interpreted Donald Trump's latest statements, and what his presidency could mean for trade tariffs, markets, crypto, H1-B immigration visa and other asset classes

$TRUMP meme coin jumps 73% to $9 bn market value ahead of his inauguration

Trump has promised to be a 'crypto president', and is expected to issue executive orders aimed at reducing crypto regulatory roadblocks and promoting widespread adoption of digital assets

$TRUMP meme coin nears $6 bn in market value ahead of Jan 20 inauguration

Trump plans to issue an executive order prioritising cryptocurrency, establish a Bitcoin reserve, and create a crypto advisory council to reduce regulatory hurdles

CoinSwitch moves to acquire WazirX users offering Rs 600 cr in recovery aid

At present, CoinSwitch has a base of over 20 million users. The programme aims to target about 4 million users of the WazirX platform

Trump crypto venture likely used by criminals, Iran-backed militants

World Liberty Financial Inc founded by the Witkoff family two months before November's US election with Trump as a financial beneficiary