Page 3 - Cryptocurrency

WazirX to resume operations in India on Oct 24; here's all you need to know

The move marks the end of a turbulent phase for the platform, which had suspended operations after a major security breach

Programmable currency: Ensuring donors' money is used right and wisely

Vidyawati still had to visit the school to check whether the credit had actually come through, losing a day's work in the process

ED seizes ₹2,385 cr crypto, arrests OctaFX Ponzi scam mastermind in Spain

Cryptocurrency worth Rs 2,385 crore has been attached under the anti-money laundering law and the Spanish "mastermind" of the alleged multi-crore OctaFX Ponzi scam has been arrested in that country, the Enforcement Directorate (ED) said on Friday. The case pertains to a "fraud" where several investors are alleged to have been duped on the false promise of high returns through the OctaFX forex trading platform. A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to attach cryptocurrencies worth Rs 2,385 crore in connection with the ongoing investigation against the "unauthorised" forex trading platform OctaFX. The alleged mastermind of the fraud -- Pavel Prozorov -- has been arrested from Spain by the local police authorities, based on his involvement in cybercrimes affecting multiple countries, the agency said in a statement. OctaFX, as per the ED, "systematically duped" Indian investors of Rs 1,875 crore between July 2022-April 2023, generating

Crypto wobbles as market fatigue, global risks linger; analysts weigh in

The recent pullback in Bitcoin, they said, appears to be a classic case of market fatigue after record highs

CoinDCX raises fresh funds from Coinbase, valuation to hit $2.45 billion

Coinbase has been an investor in CoinDCX since 2020. The latest investment is an extension of the company's previous funding round and, once completed, will value CoinDCX at $2.45 billion post-money

Citi bets on blockchain, plans to launch crypto custody by 2026: Report

The crypto custody offering-under development for the past two to three years-will cater primarily to asset managers and institutional clients

Singapore High Court gives approval to WazirX's scheme of arrangement

This comes weeks after the majority of the platform's creditors approved its revised scheme of arrangement, paving the way for the redistribution of virtual digital assets (VDAs) on the platform

'Crypto has no intrinsic value': UK's top retail platform warns investors

UK's top retail investment platform, Hargreaves Lansdown, has said cryptocurrency performance cannot be reliably analysed and shouldn't be trusted to help clients meet their financial goals

Ahead of the curve: Binance Wallet users to get early access to meme tokens

Meme Rush, the company said, is designed to help users discover and purchase exclusive meme token projects in their earliest stages-before they become publicly tradeable on decentralised exchanges

India to roll out digital currency; Piyush Goyal flags unbacked crypto

Goyal clarified that while there is no outright ban on cryptocurrencies without Central government backing, they are heavily taxed to discourage their use

Can gold and Bitcoin coexist on central bank books? Deutsche Bank weighs in

A declining dollar, fresh geopolitical and tariff uncertainty, and questions of the Fed's independence have led gold and Bitcoin to outperform

Bitcoin rises to record high as 'debasement' trade spurs risk rally

The token climbed to as high as $125,689 on Sunday in Asia, topping its previous record set on Aug. 14, supported by the uptick in US equities

Bitcoin reclaims $120K as US shutdown fuels demand for safe-haven assets

The original cryptocurrency has long been referred to as "digital gold" by advocates, who see it serving a similar role as the precious metal during times of turmoil

Binance rolls out CaaS to bridge traditional finance and digital assets

CaaS is an end-to-end infrastructure and technology offering designed specifically for large, regulated financial institutions

European banks to launch euro stablecoin, challenge US crypto dominance

The European banks' new Amsterdam-based company is expected to launch its stablecoin in the second half of next year

No regulatory backing but stablecoin use steadily rising in India

The anonymous founders of Bitcoin, the world's largest cryptocurrency by market capitalisation, intended to substitute the centralised model of money with decentralised cryptography

Rate cut expectations boost Bitcoin: Is the next bull run on the cards?

While the rate cut itself is largely expected, analysts believe that Powell's forward guidance will play a crucial role in determining whether these levels push higher or lead to a corrective pullback

Cybersecurity audits mandatory for crypto exchanges amid rising thefts

Crypto platforms will need to hire a security auditor registered with the Indian Computer Emergency Response Team (Cert-In), a nodal agency that deals with cybersecurity incidents

How regulation is shaping a sustainable crypto assets sector in India

The reality is that every country's response will (and should) differ depending on the country context and risks arising from crypto assets

Family offices in risk-on mode; bet on AI, private credit: Goldman Sachs

In the next 12 months, 34 per cent of respondents, Goldman Sachs said, intend to reduce their cash balances with many planning to invest in 'risk assets'