Page 44 - Cryptocurrency

Sentiment around NFTs drops 14% in companies amid crypto downturn: Report

In Q2 2022, NFTs have been the topic of more debates than ever, although opinions have changed resulting in a decrease in optimism.

WazirX co-founder raising up to $20 mn for new blockchain venture: Report

Nischal Shetty's new venture Shardeum aims to solve the existing shortcomings of Blockchains, such as Ethereum, including low scalability, high fees, and low throughput.

The sleuths who protect cryptocurrencies from hackers are raking in money

As mass firings become the norm elsewhere in crypto, they're boosting hiring, raising prices and taking in fresh funding

Top Headlines: CBDC rollout this FY, banks deal with sanctioned entities

The Reserve Bank of India is planning to introduce its Central Bank Digital Currency (CBDC) this fiscal year in a phased manner

Crypto scam revenue slips 65% amid economic downturn

As the global downturn continues, the crypto scam revenue for 2022 also dropped 65 per cent at $1.6 billion this year, lower than where it was through the end of July in 2021.

Amid global crypto meltdown, Crypto.com lays off even more employees

Crypto lending exchange Crypto.com has laid off more employees in the second round and this time, the firing of employees is worse than the previous job cut, as the global crypto meltdown gets deeper.

WazirX controversy bares crypto's vault of trade secrets in India

The ED found that large amounts of funds were diverted by the fintech companies to buy crypto assets and then launder them abroad

Jaipur's crypto startups Suncrypto facilitating easy crypto investment

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Crypto wrap: Market participants coming out of bear phase, experts suggest

In the last seven days, Bitcoin rose nearly 3 per cent, and Ethereum gained 13 per cent. The total crypto market cap rose from $1.03 trillion to $1.1 trillion

Crypto derivatives volumes surge to $3.12 trillion in July: Report

The derivatives market now makes up 69% of total crypto volumes, up from 66% in June, and helped push overall crypto volumes on exchanges to $4.51 trn in July, CryptoCompare said

Hackers exploited crypto platform RenBridge to launder $540 mn: Reports

More than half a billion dollars have been laundered in crypto assets originating from theft, fraud, ransomware and various other types of criminal activity since 2020, a new report has revealed

Ten crypto exchanges under ED lens for allegedly laundering Rs 10 billion

Many investors were traced based on their KYC details available with these crypto exchanges, but they were found to be fake or different from the real ones

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