Cryptocurrency
- India
Crypto not currencies as they are not issued by the central bank: Nirmala Sitharaman
New Delhi: Clarifying the Centre’s stance on crypto-currencies, Finance Minister Nirmala Sitharaman on Tuesday said the government does not recognise such digital financial assets as they are not issued by the central…
- Technology
Mark Zuckerberg’s cryptocurrency dream gets over
San Francisco: Facing regulatory hurdles, the cryptocurrency dream of Meta CEO Mark Zuckerberg is officially over as the company has sold its digital coin known as Diem for around $200 million to…
- Technology
US lawmakers begin probe into Bitcoin miners’ high energy use
San Francisco: Eight US lawmakers have come forward to push Bitcoin mining companies into revealing how much electricity they use for crypto mining, as cryptocurrency mining’s impact on energy is being felt…
- Technology
Hackers steal $80 mn in crypto, platform begs them to return funds
New Delhi: Hackers have stolen cryptocurrency worth $80 million from Qubit Finance, a decentralised finance (DeFi) platform, and the company is now begging hackers to return the stolen cryptocurrency. The value of…
- Technology
IMF warns El Salvador from using Bitcoin as official currency
Washington: The International Monetary Fund (IMF) has warned El Salvador to no longer use Bitcoin as a legal tender, citing large risks for financial and market integrity, financial stability and consumer protection.…
- Technology
Crypto.com users not able to access accounts after $34 mn hack
San Francisco: After several users complained about issues with logging back to their accounts on Crypto.com after the platform was hit by a $34 million hack, its CEO Kris Marszalek has been…
- Technology
Robinhood starts rolling out crypto wallets to 1,000 users
San Francisco: Silicon Valley-based online trading app Robinhood has announced that it has begun rolling out crypto wallets to 1,000 users from the top of the wallets waitlist. By March, the company…
- India
Increase regulatory focus on cryptocurrency: Pre-Budget survey
New Delhi: A pre-Budget expectations survey on Saturday showed a growing demand for increasing regulatory focus on the cryptocurrency sector. As per the Grant Thornton Bharat survey, nearly 79 per cent of…
- Technology
Global crypto market suffers $1 trillion loss as Bitcoin crashes
New Delhi: Bitcoin, along with other digital cryptocurrencies, crashed to its lowest level on Saturday and the continuing meltdown has wiped out over $1 trillion from the global crypto market value. Bitcoin…
- Technology
Crypto hackers using fake Amazon digital token as bait to lure victims
New Delhi: Amid the crypto buzz, cyber-criminals are leveraging Amazon’s name to promote a fraudulent scheme called ‘Amazon to create its own digital token’ — leading victims to give away their credentials…
- Technology
Crypto.com loses $34 mn in hack involving 483 users
San Francisco: Leading cryptocurrency platform Crypto.com has finally admitted that 483 users on its platform lost almost $34 million in various digital coins owing to a compromise in two-factor (2FA) authentication. Overall,…
- Technology
Spain joins India, Singapore to tame cryptocurrency ads
New Delhi: With an aim to reign in cryptocurrency ads promising wild returns, Spain has now joined countries like Singapore and India, stressing that the advertising of crypto-assets must be clear, balanced,…
- Technology
Retail giant Walmart plans to enter Metaverse, sell NFTs
San Francisco: Amid the buzz around Metaverse, retail giant Walmart has revealed plans to enter the field of highly immersive virtual reality/augmented reality (VR/AR) and Blockchain-based world. Walmart’s trademark filings indicate that…
- Technology
Tesla to accept dogecoin as payment for merchandise: Musk
San Francisco: Tesla CEO Elon Musk on Friday said the electric carmaker will accept meme-based digital currency dogecoin for merchandise. “Tesla merch buyable with Dogecoin,” Musk said in a tweet. Following the…
- Technology
Binance CEO becomes one of the world’s richest billionaires
New Delhi: A cryptocurrency CEO has become one of the richest people on Earth, CNN reported. Changpeng “CZ” Zhao, who runs the crypto exchange Binance, has joined the ranks of the world’s…
