Category: Crypto Currency

Dubai’s crypto regulatory body has issued an alert about the risks related to memecoin investments owing to their increasing market penetration. The Virtual Assets Regulatory Authority (VARA) of Dubai has strictly asked the city’s investor community to be cautious while engaging with memecoins, calling them “highly speculative” assets. As per VARA, memecoins pose a significant…

The rise of “pig butchering” scams and the increasing use of generative artificial intelligence likely lifted revenues from crypto scams to a record high in 2024, according to blockchain analytics firm Chainalysis. Revenue from pig butchering scams, where perpetrators cultivate relationships with individuals and convince them to participate in fraudulent schemes, increased nearly 40 percent…

The European Securities and Markets Authority (ESMA) is looking to finalise some competence requirements for employees of crypto-related businesses. This week, the ESMA released a proposal that suggests guidelines in line with the EU’s MiCA regulations, seeking feedback from crypto asset service providers, investors, and financial institutions engaging with crypto assets. As part of its…

Binance co-founders Changpeng Zhao and Ye Hi have refuted rumours that claim that the Binance crypto exchange is for sale. Both Zhao and Hi have refuted claims that the centralised exchange is looking for a buyer. Binance is touted to be the largest crypto exchange in the world in terms of total trading volume. It’s…

Tether will work with the Republic of Guinea to accelerate the country’s efforts to adopt blockchain technology, the issuer of the USDT stablecoin said on Monday. The firm has signed a memorandum of understanding (MoU) with the government of Guinea, and says it will work with authorities to ensure that their engagement with blockchain and…

Bitcoin on Monday, February 24 showed losses on both national and international exchanges alongside most other cryptocurrencies. Over the last 24 hours, the value of Bitcoin dropped by 1.20 percent on international exchanges. With this, its price presently stands at $95,630 (roughly Rs. 82.8 lakh) on global platforms. The price of Bitcoin saw a drop…

Coinbase said on Friday the US securities regulator planned to withdraw its lawsuit against the crypto exchange, ending a contentious years-long legal battle once considered existential for the trading platform and the broader sector. The Securities and Exchange Commission has moved quickly to overhaul its approach to policing the crypto sector under Republican leadership since…

Crypto exchange Bybit said it was hacked, resulting in what analysts estimate was the loss of almost $1.5 billion (roughly Rs. 13,006 crore) worth of tokens in the biggest theft ever committed in the industry. Researchers believe North Korean hackers were likely responsible.  A hacker took control of one of Bybit’s offline Ethereum wallets, the exchange’s Chief…

The US Securities and Exchange Commission (SEC) has established the Cyber and Emerging Technologies Unit (CETU) to combat crypto-related cybercrimes. This new division will target illicit activities enabled by advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), and blockchain. The move follows US President Donald Trump’s recent creation of a crypto-friendly task force…

Over the weekend, Binance introduced a new feature called ‘Trader Profiles’ to its community-focused social platform, Binance Square. This addition is designed to help experienced crypto traders share market insights while enabling users to connect based on their trading patterns, as per the exchange. With this update, Binance aims to foster a more interactive and…