Page 44 - Cryptocurrency

Letting ED add its chilling effect to crypto winter will kill the industry

A couple more scandals, and the ED may achieve the shutdown the RBI has long wished for: The considerable talent India has in this area will flee to more welcoming jurisdictions like Dubai

CoinSwitch launches $10 mn fund to support start-ups, blockchain tech

Web3 Discovery will give entrepreneurs access to investors like Tiger Global, Ribbit Capital, Coinbase Ventures

Ripple Labs interested in bankrupt crypto lender Celsius' assets

Ripple has continued to grow through the crypto market turmoil and "is actively looking for M&A opportunities to strategically scale the company," the spokesperson said.

Coinbase reports $1.1 billion in net loss, revenue drops 60% in Q2

Largest cryptocurrency exchange Coinbase has reported massive loss in both revenue and profit in the June quarter -- logging $1.1 billion in net loss as revenue declined

No-tolerance policy on illegal activities: Crypto exchange WazirX

Crypto exchange says it has a no-tolerance policy towards illegal activities

Crypto mixer Tornado's accounts disabled after US sanctions: Report

Tornado Cash allowed users to obfuscate their crypto transactions; the Treasury alleged that North Korean hackers and other entities had relied on it to launder illicit gains totaling more than $7 bn

Tornado's crypto token TORN nosedives after US imposes sanctions

North Korea's Lazarus Group used Tornado to launder money stolen in large crypto hacks, according to US authorities

Binance ceases off-chain fund transfer with WazirX after ED raids

Users will still be able to deposit and withdraw balances via the standard withdrawal and deposit process between Binance and WazirX, says Binance executive

WazirX, Binance engage in war of tweets; investors worry about future

The ED has found major amount was diverted to WazirX and the crypto assets so purchased have been sent to unknown foreign wallets

Instant app-based loan case: Nine crypto exchanges under ED scanner

Rs 64.67-crore bank accounts of WazirX frozen under PMLA after search ops

Twitch gambling boom is luring gamers into crypto casinos: Report

For years, offshore gambling has been a thorn in the side of US regulators

Crypto wrap: RBI MPC unlikely to impact global crypto prices, say experts

The Reserve Bank of India (RBI), on Friday, hiked the repo rate by 50 basis points for the second consecutive time to 5.4 per cent

ED freezes over Rs 64-crore bank deposits of crypto exchange WazirX

The federal agency said it conducted raids against a director of Zanmai Lab Pvt Ltd, which owns WazirX, on August 3 in Hyderabad and alleged he was "non-cooperative".

Coinbase's BlackRock pact reinforces crypto status, burns shorts

For Coinbase investors, the news is a much-needed signal that its status as a giant in the crypto sector remains rock solid

2 Indian brothers plead not guilty in crypto insider trading scheme in US

Ishan Wahi, 32, a former product manager at cryptocurrency platform Coinbase, along with his brother Nikhil Wahi, 26, have pleaded not guilty to federal charges of insider trading, the media reported.

Hard work, determination: Creating India's biggest crypto community

Ushering greater ease and clarity to tackle financial markets, Yash Gupta, Director of Aspire Now Global LLP is successfully building a community platform to train about investments

US: New cryptocurrency oversight legislation arrives as industry shakes

The regulations would authorize the Commodities Futures Trading Commission to be the default regulator for cryptocurrencies

Crypto takes a new hit as thousands of Solana wallets hacked

In yet another major cryptocurrency hack, the popular blockchain Solana on Wednesday reported that an unknown bad actor has drained funds from 7,767 wallets on the Solana Network

ED serves FEMA notice to cryptocurrency exchange WazirX: Minister

The Directorate of Enforcement (ED) has served crypto exchange WazirX a notice under the FEMA Act, Minister of State for Finance Pankaj Chaudhary told Rajya Sabha. The ED is investigating two cases related to crypto-currency against WazirX under the provisions of Foreign Exchange Management Act, 1999 (FEMA), he said in a written reply to the Rajya Sabha. "In one of the cases, investigation done so far has revealed that one Indian Crypto-exchange platform, Wazirx, operated by Zanmai Labs Private Limited in India was using the walled infrastructure of Cayman Island based exchange BINANCE. Further it has been found that all crypto transactions between these two exchanges were not even being recorded on the blockchains and were thus cloaked in mystery," he said in a written reply on Tuesday. Reacting to the Parliament's reply, WazirX said it has not been served a notice for money laundering. According to the minister, a Show Cause Notice (SCN) has been issued under the provisions of FE

Cryptocurrency service Nomad loses $200 million in hack, says report

Cryptocurrency service Nomad has suffered a "chaotic" attack, with hackers draining almost $200 million in digital funds from the company within a few hours.