Cryptocurrency
- Technology
CoinSwitch’s Web3 Discovery Fund to empower up to 100 Indian startups
New Delhi: India’s largest Crypto investing app CoinSwitch has announced a Web3 Discovery Fund, which will invest in and incubate early-stage startups building blockchain solutions for the rapidly evolving Web3 landscape. The…
- Technology
Coinbase reports $1.1 bn in net loss, revenue drops 60% in Q2
New Delhi: Largest cryptocurrency exchange Coinbase has reported a massive loss in both revenue and profit in the June quarter — logging $1.1 billion in net loss as revenue declined from $2.033…
- Business
Binance ceases off-chain fund transfer with WazirX after ED raids
New Delhi: The world’s largest crypto exchange Binance, that disowned the Nischal Shetty-run crypto platform WazirX, on Monday said that it is removing the off-chain fund transfer channel between WazirX and Binance.…
- Hyderabad
Hyderabad: ED raids cryptocurrency exchange company in the city
Hyderabad: The Enforcement Directorate’s (ED) Hyderabad unit on Thursday raided an office reportedly belonging to a crypto currency exchange company. The company has allegedly violated the rules under Foreign Exchange Management Act…
- Technology
Solana crypto hack linked to Slope mobile wallet
New Delhi: The multi-million Solana crypto hack, that drained more than 8,000 wallets worth around $8 million, has been linked to accounts tied with the Slope mobile wallet app. Slope Finance said…
- Technology
Solana crypto wallets worth millions drained in major hack
New Delhi: 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. However, Blockchain…
- Business
Sri Lanka warns public not to use cryptocurrencies amid economic upheaval
Colombo: The Central Bank of Sri Lanka has warned the public from using cryptocurrencies amid the grave economic crisis in the country, saying that this market is “largely unregulated”. The bank, CBSL,…
- Technology
Bitcoin may hit record-low of $10K per digital coin soon
New Delhi: As Bitcoin hovers below $20,000 per digital coin, industry experts fear that the leading cryptocurrency may tumble to $10,000 soon. Bitcoin, already down nearly 70 per cent from its record-high…
- Technology
Crypto lending platform Celsius lays off 150 employees
New Delhi: Cryptocurrency lending platform Celsius has laid off 150 employees which is a quarter of its workforce, as the global crypto market goes through its worst meltdown. The platform last month…
- Telangana
Sharp decrease in cryptocurrency value, TRS leaders suffered heavy losses
Hyderabad: After the record decrease in the cryptocurrency value, it was found that many political heavyweights from Telangana also lost crores of rupees in cryptocurrency investment. It is difficult to figure out…
- Technology
1% TDS on crypto investments in India, industry players say ‘wait and watch’
New Delhi: As the Reserve Bank of India (RBI) further tightens its stand on cryptocurrencies, the 1 per cent tax deducted at source (TDS) on virtual digital assets (VDAs) and cryptocurrencies came…
- Technology
Coinbase sold software to US authorities to track crypto transactions
San Francisco: Cryptocurrency exchange Coinbase has provided sophisticated tools to the US Immigration and Customs Enforcement (ICE) agency to help it track transactions across Bitcoin, Ether and other cryptocurrencies. According to a…
- Technology
Bitcoin investor Roger Ver owns us $47 mn: CoinFlex CEO
San Francisco: Cryptocurrency exchange CoinFlex’s CEO Mark Lamb has revealed that early Bitcoin investor Roger Ver owns them $47 million and this is why the platform has frozen crypto withdrawals for its…
- Technology
Stablecoins not stable, have ‘no role’ as money, warns top banker
New Delhi: As cryptocurrencies get hammered in the economic meltdown, stablecoins — whose value is pegged to another asset like a fiat currency or a commodity — are also bad investments and…
- Technology
Bitcoin heading to zero, China warns investors
Beijing: As cryptocurrencies reel under the global downturn, Chinese state-run newspaper Economic Daily has warned investors that the price of leading cryptocurrency Bitcoin is “heading to zero”. The warning came as the…
