Category: Crypto Currency

Alex Mashinsky, the founder and former chief executive of bankruptcy cryptocurrency lender Celsius Network, was sentenced on Thursday to 12 years in prison after pleading guilty in December to securities fraud and commodities fraud. Mashinsky’s sentence was imposed by US District Judge John Koeltl in Manhattan, and is among the longest in a criminal case…

Meta is exploring the use of stablecoins to manage payouts for international creators, according to a report. Meta CEO Mark Zuckerberg’s firm is said to be in discussions with crypto firms as part of the company’s plans to begin using stablecoins in partnership with a number of crypto firms. For now, these discussions are said…

The integration of blockchain technology with the automotive ecosystem is projected to expand significantly over the next five years. A report by Allied Market Research (AMR) has estimated that the global automotive blockchain market is on the track to hit the $5.6 billion (roughly Rs. 47,801 crore) mark by 2030. Its compound annual growth rate…

Bitcoin on Monday, May 12, reflected a miniscule loss of 0.15 percent to trade at $103,890 (roughly Rs. 88 lakh) on international exchanges. Over the weekend, US President Donald Trump announced a “total reset” in US-China trade relations following high-level talks in Geneva. The crypto market reacted to the development with optimism. Bitcoin maintained its…

Meta has reportedly been exploring the use of stablecoins for international payouts, but the firm may face regulatory challenges in the US. Over the weekend, US Senator Elizabeth Warren snubbed the idea of letting Big Tech companies dive too deep into the stablecoin sector. In an interview with CoinDesk, Warren said that Big Tech’s introduction…

Illegal crypto mining operations in Malaysia spiked by 300 percent between 2018 and 2024, Malaysian publication The Star reported Monday, citing the country’s largest electricity utility company, Tenaga Nasional Berhad (TNB). In 2018, a total of 610 illegal mining cases were reportedly identified in Malaysia and the number spiked to 2,397 last year. Law enforcement…

Coinbase is set to enter the S&P 500 index in the US next week. The index, maintained by the New York-headquartered financial intelligence firm Standard & Poor’s (S&P) Global, lists the 500 leading publicly traded firms in the US. Coinbase’s entry into this elite group makes for a significant moment in Web3 history, as the…

The US is likely to get the draft of its crypto laws ready by August this year. In order to finalise these regulations, the US SEC’s Crypto Task Force is meeting with industry stakeholders to voice important concerns related to the management of the crypto sector. This week, the roundtable discussion focussed on tokenisation of…

Dubai’s Department of Finance (DOF) plans to use cryptocurrencies to process payments for government services in the emirate. In the days to come, residents of Dubai will be able to pay for government services using cryptocurrencies. On Tuesday, May 13, the DOF announced a partnership with Crypto.com, onboarding it as the crypto payment facilitator. Dubai…

Bitcoin’s price rose by 1.02 percent over the last 24 hours on international exchanges and the asset was trading at $103,740 (roughly Rs. 88.5 lakh) on Wednesday, according to CoinMarketCap. This is the third day that the price of Bitcoin has remained steady above $103,000 (roughly Rs. 87.9 lakh). On Indian exchanges, Bitcoin rose by…