Category: Crypto Currency

BlackRock is gearing up to launch a bitcoin exchange-traded product in Europe within weeks, a source familiar with the matter told Reuters, amid growing demand for exposure to cryptocurrencies from both money managers and consumers. The product will likely be domiciled in Switzerland, the source added. The Wall Street giant has incorporated a Zurich-based company…

The US Federal Deposit Insurance Corporation (FDIC) on Wednesday released several documents related to the supervision of crypto related activities in the country. Acting FDIC chairman Travis Hill announced that the agency will review its previous approach towards US banks seeking to offer crypto services. Established in 1933, the FDIC regulates US financial institutions and…

Tether CEO Paolo Ardonio has teased the arrival of an upcoming Bitcoin wallet product, which is currently in development at the firm. This Bitcoin wallet assistant is said to be powered by artificial intelligence (AI), and will let users see chat with an AI assistant to see details about their account balances, wallet address and…

Amid the ongoing US-China trade war, the crypto market rally has seen a significant slowdown. On Friday, Bitcoin’s price dropped by less than one percent on international exchanges, and the digital asset was trading at $97,486 (roughly Rs. 85.2 lakh) on global platforms, as per CoinMarketCap data. On Indian exchanges, the price of BTC dropped…

ByBit on Thursday announced that it has settled a monetary penalty imposed on the crypto firm, by India’s Financial Intelligence Unit (FIU-IND). The Dubai-based crypto exchange has also registered with the FIU-IND and revealed that it will ramp up initiatives to spread crypto awareness in India and work with educational institutions to let students experiment…

Russia is planning to increase its oversight on crypto mining in the country, in order to improve the government’s control over compliance with bans on crypto mining in some regions. The Ministry of Energy is considering the creation of a formal, mandatory registry to identify crypto mining equipment and maintain a single register of crypto…

The crypto market’s rally slowed following the US President Donald Trump’s signing of new international trade tariff laws. On Monday, February 10, Bitcoin saw a slight decline of less than one percent on global exchanges, bringing its value to $96,890 (roughly Rs. 85 lakh), according to CoinMarketCap. In India, Bitcoin traded at $97,563 (roughly Rs….

Malaysia is embracing emerging technologies like Artificial Intelligence (AI) and blockchain to strengthen its fight against corruption. According to Azam Baki, chief commissioner of the Malaysian Anti-Corruption Commission (MACC), these tools enhance the agency’s ability to identify criminals involved in complex financial crimes. Last year, the MACC announced initiatives to address high-profile corruption cases that…

The Central African Republic (CAR) has embarked on a nationwide cryptocurrency experiment. President Faustin-Archange Touadera announced the launch of a memecoin called $CAR, aiming to assess whether the global memecoin frenzy can help improve the country’s financial standing. According to the World Bank and the United Nations Development Programme, approximately 80 percent of CAR’s population…

WazirX has announced the completion of its asset rebalancing process. On February 11, the troubled exchange informed users affected by the July 2024 hack that they can now check their potential compensation based on their balances as of July 18, 2024. To facilitate this, WazirX has published a Preliminary Creditor List on its website, displaying…