Page 16 - Cryptocurrency

WazirX major security breach: Calls for legal recourse grow louder

Legal experts tracking the sector believe that users who have lost their funds can look at the country's consumer protection laws as one recourse

WazirX suffers security breach; digital assets worth $234 million swindled

WazirX confirmed the security breach on X. The firm has temporarily paused customer withdrawals

Crypto industry body requests reduction in TDS to 0.01% in Budget

The crypto body has further asked for an increase in the threshold limit for TDS deduction under Section 194S of the Income Tax Act from Rs 10,000 to Rs 5,00,000

With $441 mn, crypto funds witness inflows for first time in a month

Crypto digital asset products saw inflows totaling $441 million in the week ended July 5, CoinShares International Ltd. data show, a significant rebound from the $39 million in outflows the week prior

MT Gox creditors' Bitcoin sale fears trigger fall to lowest since February

On top of that, administrators of the failed Mt. Gox exchange are returning an $8 billion hoard of Bitcoin to creditors in stages

Crypto exchange platform CoinDCX acquires MENA region's BitOasis

This comes nearly ten months after CoinDCX invested in the company, marking one of its earliest investments in the MENA region

India-based crypto exchange CoinDCX acquires full stake in Dubai's BitOasis

The firms did not disclose the transaction value, but BitOasis said in a separate statement that CoinDCX, now owns the full share capital of the Dubai-based company

Home-grown cryptocurrency companies call for multi-agency regulation

Industry warns of complex, time-consuming legislation through a single regulator before 2025

'Boring' bitcoin sends weekend trading volume to all-time lows: Research

Bitcoin trading gained notoriety for its "Wild Weekends," where the digital currency would experience wide price fluctuations

CoinDCX launches Web3 mode on its app enabling access to 50k DeFi tokens

The company will offer points to CoinDCX users based on their transaction history as part of the current launch

Bitcoin extends drop after one of crypto's worst weeks of 2024: Report

A gauge of the largest 100 digital assets fell about 5% in the seven days through Sunday, the steepest such slide since April, data compiled by Bloomberg show

Financial watchdog imposes Rs 18.82 cr penalty on crypto exchange Binance

World's largest cryptocurrency exchange violated India's anti-money laundering regulations, says Financial Intelligence Unit

Crypto exchange Binance seeks to slash size of $13 billion UK lawsuit

Lawyers representing BSV Claims, a vehicle set up to pursue the case, say the exchanges engaged in anti-competitive behaviour to delist BSV in 2019

Bitcoin debate heats up over software update to add fresh features

The front-runner in upgrade debate is a program called OP_CAT - a small software tweak that would add about 10 lines to the code that enables linking of two elements together, so-called concatenation

US passes Cryptocurrency Bill despite SEC warning: All you need to know

The US Securities and Exchange Commission has insisted that cryptocurrencies should be subject to the same laws as other assets

Crypto exchange CoinSwitch publishes third edition of proof of reserves

Assets held by PeepalCo, the parent brand of CoinSwitch, are in addition to these funds and are not included in the PoR assessment

Will begin accepting contributions through cryptocurrency: Trump's campaign

Donald Trump 's presidential campaign said Tuesday it would begin accepting donations in cryptocurrency as part of an effort to build what it calls a crypto army leading up to Election Day. The Trump campaign launched a fundraising page that allows any federally permissible donor the ability to give" to its political committees using any crypto asset accepted through the Coinbase cryptocurrency exchange. The announcement promotes Trump's message that he is a crypto-friendly candidate, and also appeals to a core group of young male voters who are increasingly likely to dabble in digital assets. It came as Trump's defense rested in his hush money case in New York. Cryptocurrencies are a digital asset that can be traded over the internet without relying on the global banking system. Trump's campaign is accepting a range of popular cryptocurrencies that include Bitcoin, Ether and US Dollar Coin, and also include the low-value coins that tend to be popular with Internet personalities li

Cryptocurrencies gain as investors turn optimistic on Ether ETFs talks

Ether, which underpins the ethereum blockchain network, was 8% higher on the day at $3,775, its highest in two months, after jumping 13.8% on Tuesday

India's clandestine love affair with crypto

Journalist Mitali Mukherjee's book delves into the connected worlds of cryptocurrency, cybercrime, and the Dark Web, laying out the state-of-the-art in this realm of skulduggery

Crypto companies bank on fair play as Binance logs into FIU-IND

India to have 48 registered crypto entities after KuCoin, Binance register