Page 12 - Cryptocurrency

$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

Bitcoin surpasses $100,000 amid possible early crypto action by Trump

The price of bitcoin topped USD 100,000 again early Friday as a pumped up cryptocurrency industry expects early action by Donald Trump when he's sworn in as president next week. Once a sceptic who said a few years ago that bitcoin seems like a scam, Trump has embraced digital currencies with a convert's zeal. He's launched a new cryptocurrency venture and vowed on the campaign trail to take steps early in his presidency to make the US into the crypto capital of the world. His promises including creating a US crypto stockpile, enacting industry-friendly regulation and event appointing a crypto czar for his administration. You're going to be very happy with me, Trump told crypto-enthusiasts at a bitcoin conference last summer. Bitcoin is the world's most popular cryptocurrency and was created in 2009 as a kind of electronic cash uncontrolled by banks or governments. It and newer forms of cryptocurrencies have moved from the financial fringes to the mainstream in wild fits and ...

WazirX freezes $3 million in USDT nearly 7 months after cyberattack

This comes nearly seven months after an alleged security breach led to the loss of over $230 million worth of VDAs -about 45 per cent of the total crypto assets on the platform

Donald Trump plans on designating cryptocurrency as a national priority

Still under discussion for inclusion in the executive order is a directive for all government agencies to review policies about digital assets and possibly pause any litigation involving crypto

WazirX's $235 mn hack linked to North Korea; US, Japan, S Korea to counter

The US, Japan, and South Korean governments have pledged to counter North Korea by imposing sanctions and strengthening cybersecurity in the Indo-Pacific region

Dark web, crypto, drones continue to be a challenge for nation: Amit Shah

Union Home Minister Amit Shah said on Saturday that dark web, cryptocurrency, online marketplace and drones continue to be a challenge for the country and these have to be checked by strict measures. Chairing a regional conference on 'Drug Trafficking and National Security' here, Shah also asserted that the country will not allow even a single kg of drugs to be smuggled in or out of the country. He said the government has not only been successful in eliminating many networks of drugs, but the terrorism linked with them too was also destroyed. He said many cases of narco-terrorism were busted in Jammu and Kashmir, Punjab, Gujarat and Uttar Pradesh and these were major achievements. "The use of dark web, cryptocurrency, online marketplace, drones continue to be a challenge for us even today," he said. Shah said a technical solution to these problems have to be found through joint efforts by the states and the central government and technocrats for the country's security and ...

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

Crypto mogul Do Kwon pleads not guilty in first US court appearance

South Korean cryptocurrency mogul Do Hyeong Kwon pleaded not guilty on Thursday to a freshly unsealed indictment released in time for his first US court appearance. Kwon entered the plea in Manhattan federal court two days after his extradition from Montenegro. The indictment alleges that the man dubbed by some as the cryptocurrency king lied to investors from 2018 to 2022 to fool them into pouring money into Terraform Labs, the Singapore crypto firm he cofounded. Authorities say investors worldwide were harmed by the $40 billion crash of Terraform Labs' cryptocurrency. The May 2022 collapse came despite the company's claim that TerraUSD was a stablecoin that could be relied upon. Kwon did not speak during his court appearance, except to acknowledge that he understood English. His lawyer, Andrew Chesley, entered not guilty pleas to two separate versions of the indictment charging him with conspiracy, along with commodities, securities and wire fraud. A money laundering charge was

Elon Musk rebrands as Kekius Maximus, adopts Pepe image on X: Here's why

Ahead of the New Year, Elon Musk has changed his name to cryptocurrency Kekius Maximus and changed his profile picture to a variation of the controversial Pepe the Frog meme

Crypto assets can negatively impact financial stability, says RBI report

The banking regulator emphasised the potential consequences of the widespread adoption of crypto-assets and stablecoins on an economy

What Binance Returning to India Means for Crypto Growth in 2025

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Donald Trump's 'Made in USA' Bitcoin is promise impossible to keep

Trump made the pledge in a post on his Truth Social account in June after meeting at Mar-a-Lago with a group of executives from crypto miners

Crypto wrap 2024: Bitcoin, altcoins remain popular among Indian investors

The recent Bitcoin rally in December saw the cryptocurrency surge past the $100,000 mark, drawing Indian investors to homegrown crypto exchanges

Crypto companies Kraken, Ripple, Ondo donate to Trump's inauguration

Coinbase donated $1 million to the Trump-Vance inauguration committee before the election results were known, according to the company

As bitcoin soars, luxury brands consider accepting crypto payments

Until recently, only a handful of luxury brands including LVMH watch labels Hublot and Tag Heuer as well as Kering-owned fashion brands Gucci and Balenciaga have experimented with crypto payment offer

Bitcoin at all-time high for 2nd consecutive day, traders eye $110,000 mark

Crypto markets have seen large gains since Trump's election victory as the industry expects a more friendly regulatory environment

ITAT ruling: Cryptocurrencies now recognised as capital assets for taxation

Income Tax Appellate Tribunal has ruled that cryptocurrencies are considered capital assets, clarifying how profits from crypto sales should be taxed. The ruling applies to transactions before 2022.

Bitcoin hits record high of $107,000, hopes grow for strategic reserve

Bitcoin, the world's biggest and best known cryptocurrency, extended gains to a session high of $107,148 and was most recently at $106,877, up 5.43% from late Friday

Bitcoin surges to record high above $106,000 on strategic reserve hopes

Bitcoin, the world's biggest and best known cryptocurrency, hit a high of $106,533 and last traded at $105,688

Safety tips for crypto investors: Store long-term holdings in a cold wallet

Go with an exchange that offers security features such as two-factor authentication (2FA), withdrawal whitelist, and encryption