Page 15 - Cryptocurrency

Top super PAC backing Kamala Harris to accept cryptocurrency donations

Although Harris has yet to publicly take a stance on crypto, her campaign staff have met with prominent crypto firms, including Coinbase and Ripple, Reuters has previously reported

Two more offshore crypto bourses may get nod to resume India operations

The financial intelligence unit is reportedly reviewing requests from four crypto exchanges previously banned for non-compliance with anti-money laundering laws

Cryptoverse: Bitcoin ETFs take $50 bn baby steps toward bigger milestone

The path to wide acceptance as a mainstream asset may be slow and twisting

WazirX plans restructuring, seeks white knight; users set to lose 43% funds

WazirX customers may get anywhere between 55-57 per cent of funds back

Australia leads world market in crypto ATM growth as kiosks pour in

Crypto kiosks dominate the cash-to-crypto industry, which has processed at least $160 million in illicit volumes globally since 2019, according to TRM

Elon Musk, Tesla beat suit over promoting Dogecoin 'pyramid scheme'

A New York federal judge dismissed the claims on Thursday, finding that Musk's statements were 'aspirational' rather than 'factual and susceptible to being falsified'

Telegram 'Black Swan event' shows risk in crypto deals as Durov detained

Pantera Capital Management, Animoca Brands and Mirana Ventures are among more than a dozen firms that invested in Toncoin, whose blockchain is being used on Telegram

Binance Holdings to hire 1,000 people as compliance spending tops $200 mn

Chief Executive Officer Richard Teng, who is visiting the US to talk to monitors and officials, outlined the employment goals for the world's largest crypto trading platform

To ban or regulate? Govt's cryptocurrency paper likely by October 2024

In October 2023, G20 finance ministers and central bank governors adopted the roadmap on crypto assets proposed in the synthesis paper, calling for its swift and coordinated implementation

After forensic analysis, WazirX blames wallet provider for crypto heist

Liminal clarifies its systems were not compromised

Legal bind for cryptocurrency investors caught in WazirX's fine print

The fine print in WazirX's user agreement limits the options available for dispute resolution

Explore different ways to convert cryptocurrencies into cash

There is no central body operating in India to regulate cryptocurrency. Users should be careful while dealing in cryptocurrency

Plea filed against WazirX, partners in NCLT over crypto asset theft

As per the NCLT website, the case was filed by a law student named Gauransh Vyas from Indore

CoinDCX announces customer protection fund days after WazirX heist

CoinDCX has instituted the fund by allocating Rs 50 crore from its own cash reserves

Make Bitcoin great again: Here's what Trump's backing of crypto could mean

His public backing of crypto undoubtedly boosted investor optimism. The price of Bitcoin surged to almost US$70,000 on July 29, its highest level in more than six weeks, before dropping to US$62,000

WazirX fallout: On crypto bourses table, a reparation fund for clients

Traditional insurance products for crypto difficult ask: Experts

Crypto scam: ED seizes Rs 1-cr cash during raids in Leh, other places

An amount of Rs 1 crore and "incriminating" documents were seized following raids against operators of a "fake" cryptocurrency investment company that cheated people in Ladakh and some other places, the Enforcement Directorate said Sunday. The searches were undertaken on August 2 in Leh, Jammu and Sonipat in Haryana under the provisions of the Prevention of Money Laundering Act (PMLA). Officials had said this was the first time that the federal anti-money laundering agency carried out searches in Ladakh. The probe pertains to cheating of innocent people, including people of Leh, by assuring them of doubling their investment in a short period of 10 months through investment in fake cryptocurrency named Emollient Coin, the agency said in a statement. This "fake" cryptocurrency, as per the ED, was represented and promoted by Naresh Gulia of Sonipat through a company named Emollient Coin Limited that was incorporated in September, 2017 in the United Kingdom. The business was promoted a

ED undertakes first-ever searches in Ladakh in cryptocurrency fraud case

In its first ever raids in the Union Territory of Ladakh, the Enforcement Directorate on Friday conducted searches as part of its money laundering probe linked to a cryptocurrency fraud case in which investors lost more than Rs 7 crore worth of deposits, officials said. The agency's zonal office here raided at least six premises in Leh town of Ladakh, Jammu in J-K and Sonipat in Haryana in the case against A R Mir and others. It is alleged that 2,508 investors deposited more than Rs 7.34 crore in a fake cryptocurrency business in the name of "Emollient Coin Limited". They, however, did not get any returns or currency back, and these funds were laundered by the business' promoters to purchase land assets in Jammu. The money laundering case stems from a March 2020 FIR registered in Leh and some other complaints filed in the Union Territory (UT) of Jammu and Kashmir (J-K) against Mir and Ajay Kumar Choudhary. Police in Leh in their FIR stated that an inquiry was conducted by a committ

WazirX dials FIU-IND, FBI to recover funds lost to $230 million heist

This comes days after the platform, which has over 16 million registered users, lost about 45 per cent of its crypto assets to a security breach

WazirX unveils recovery plan after $230 mn cyberattack, seeks user vote

WazirX will socialise the loss and distribute its impact across all the users on the platform