Page 11 - Cryptocurrency

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

Argentine Prez Javier Milei accused of fraud over $LIBRA crypto promotion

Argentinian President Javier Milei's brief endorsement of a cryptocurrency and subsequent deletion of post led to severe loss for investors

ED seizes 'biggest' crypto fund worth Rs 1,646 crore in PMLA case

The Enforcement Directorate (ED) has seized its biggest-ever cryptocurrency worth Rs 1,646 crore as part of a "mega" money laundering investigation into a fraud investment scheme where numerous depositors were duped in the name of securities investment, official sources said. The Ahmedabad office of the federal probe agency has also seized Rs 13.50 lakh in cash, an SUV and a number of digital devices after it concluded a fresh round of searches on Saturday in the case related to "fraudulent" and unregistered offering and sale of securities in the form of investments through 'BitConnect lending program'. The ED case, filed under the Prevention of Money Laundering Act (PMLA), stems from an FIR of the Surat Police crime branch which said the alleged fraud that took place between November 2016 - January 2018 (after demonetisation). The agency deployed a team of its tech-savvy experts who examined the "complex web" of transactions carried out in "numerous" crypto wallets to unmask the ..

MBBS student loses Rs 44 lakh in crypto scam: Tips to protect yourself

Schemes promising high returns quickly are a red flag and must be avoided, according to experts

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

WazirX parent schedules voting process for scheme of arrangement for March

Legal firm Kroll will be the party platform for the voting process, while Alvarez & Marsal will act as its independent assessor

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

Zepto world's second most downloaded app in food and drink category

Other Indian companies in the category were food and grocery delivery companies Zomato at number five and its competitor Swiggy at number nine, Zepto's rival Blinkit secured the tenth spot

Trump's tariff threat sparks drop in crypto, Bitcoin falls below $100k

Cryptocurrency prices took a hit from the prospect of a trade war between the US and its major trading partners, with some well-known digital assets seeing values fall more than 10%. Bitcoin fell below $100,000 after US President Donald Trump announced plans Saturday to start putting large tariffs on goods from Canada, Mexico and China. The world's most popular cryptocurrency fell to about $92,000 Sunday night before rebounding to around $99,000 by Monday morning after Trump announced a pause on the tariffs on Mexican goods. Ethereum, dogecoin, and other popular cryptocurrencies saw significant price drops some more than 10% -- since Trump's weekend tariff announcement. Trump's own meme coin, which he launched just before taking office, also saw a huge drop. Those are riskier cryptos than bitcoin, said Garrick Hileman, an independent cryptocurrency analyst. But it's a little surprising how big the gap is. The sell-off was part of a worldwide drop in financial markets on the eve o

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

India reviewing crypto stance amid shifting global regulatory landscape

India's Financial Intelligence Unit (FIU) issued show-cause notices to nine offshore cryptocurrency exchanges in December 2023 for non-compliance with local rules

'No query from ED': Paytm denies reports of facing probe in crypto scam

Paytm on Friday said it has not received any fresh notice, communication, or query from the Enforcement Directorate after reports suggested that the fintech firm is among companies facing a probe over cryptocurrency scam. The information published is "factually incorrect and misleading", Paytm said dismissing media reports that claimed ED is investigating eight payment gateways, including Paytm, in connection with a scam involving 10 Chinese nationals. Shares of One97 Communications, which owns the Paytm brand, fell 8.4 per cent during the day to Rs 773.90 but recovered partially and closed at 5 per cent lower on BSE. "...we confirm that we have not received any such new notice, communication, or query from the Enforcement Directorate regarding the matter mentioned in the media articles," Paytm said in a clarification to BSE terming the information published as "factually incorrect and misleading". Drawing attention to its previous letter dated September 4, 2022, regarding the ...

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' ...

Trump pardons dark web marketplace 'Silk Road' creator: Who is Ross Ulbricht?

In 2011, Ulbricht launched 'Silk Road', a darknet marketplace he envisioned as a freewheeling, anonymous platform for trade, powered by cryptocurrency

$TRUMP coin rockets to $10 billion as Trump ushers in 'crypto golden age'

Trump-backed crypto ventures fuel market buzz, raising $1 billion in token sales and propelling Bitcoin to $104K, as $TRUMP hits $10 billion valuation

Bitcoin rises to fresh record, over $109K ahead of Trump inauguration in US

Token's rise came after Trump and his wife Melania unveiled memecoins over the weekend, with Trump's rapidly reaching a market capitalization of more than $15 billion before declining sharply