Cryptocurrency
- Hyderabad
Hyderabad: Businessman loses Rs 1 crore in crypto fraud
Hyderabad: A businessman in Mehdipatanam on Thursday allegedly lost Rs 1 crore after being asked to invest in crypto currency by fraudsters. The police said that the victim was added to a…
- India
Over 7 pc Indians owned cryptocurrency in 2021: UN trade body
Geneva: Over seven per cent of Indians owned digital currency in the form of cryptocurrency in 2021, according to the United Nations trade and development body UNCTAD, which said the use of…
- Technology
Hackers exploited crypto platform RenBridge to launder $540 mn
New Delhi: 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…
- Business
Singapore-based crypto lender Hodlnaut freezes withdrawals, deposits
Singapore: Cryptocurrency lender Hodlnaut has announced to freeze withdrawals, token swaps and deposits amid the harsh crypto winter. The company has also informed the Monetary Authority of Singapore (MAS) to withdraw its…
- 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…
