Category: Crypto Currency

The OM token, the native cryptocurrency of the Mantra blockchain, registered a sudden and drastic drop over the weekend. The token fell by 90 percent in value, from $6 (roughly Rs. 515) to $0.70 (roughly Rs. 60.5), raising alarms across the crypto community. Speculations suggesting a potential rug pull flooded social media soon after the…

Google will update its cryptocurrency advertisement policies in the European Union (EU) to align with the bloc’s MiCA regulations later this month. The EU emerged as one of the world’s first regions to introduce regulations that govern the digital assets, and its Markets in Crypto-Assets (MiCA) rules went into effect in December 2024. Google’s updated…

South Korea is taking serious steps to curb the operations of unregistered crypto businesses in the country. This week, Apple blocked the apps of 14 crypto exchanges from its App Store in South Korea for not being in compliance with the country’s licensing regime. The Financial Services Commission (FSC) confirmed the development this week, claiming…

Crypto exchange Binance said it briefly stopped allowing users to withdraw from the platform on Tuesday, due to an issue involving an Amazon Web Services (AWS) data centre, while other crypto exchanges also reported problems. Binance posted on X that withdrawals were suspended “to keep safe”, before posting around ten minutes later that withdrawals had…

US President Donald Trump announced the creation of separate reserves for Bitcoin and other cryptocurrencies in the US last month, in a boost for the digital assets sector. The decision prompted Sweden and South Korea to open dialogue around considering Bitcoin as a potential reserved asset. There’s currently no word on whether the Government of…

Bitcoin on Wednesday, April 16 reflected minor but notable losses on both national as well as international exchanges. The most expensive cryptocurrency fell by 2.60 percent on global platforms to trade at $83,350 (roughly Rs. 71.4 lakh), showed CoinMarketCap. Data on Indian exchanges like CoinDCX and CoinSwitch showed BTC trading at $86,150 (roughly Rs. 73.8…

Standard Chartered Bank estimates the size of the stablecoin market could surge by about 10-fold to $2 trillion (roughly Rs. 1,71,29,830 crore) within the next three years after the expected passage of US legislation that seeks to provide a regulatory framework for the cryptocurrencies.    That would likely require an extra $1.6 trillion (roughly Rs. 1,37,05,008 crore)…

Polygon Labs plans to concentrate on preparing for a rising and anticipated boom in the stablecoin market. In conversation with Gadgets 360, Polygon founder Sandeep Nailwal said that the institutional interest in stablecoins has risen significantly, and industry players have started to prepare to cater to the demands around stablecoin custody and services. Polygon is…

Bitcoin reflected profits on both national and international exchanges on Monday after a period of decline following US President Donald Trump’s announcement of widespread tariffs on US imports. On international platforms, Bitcoin rose in price by 2.61 percent to trade at $87,373 (roughly Rs. 74.5 lakh). On Indian exchanges, its price hovered over the mark…

Binance is refreshing the database of its user details in India, the exchange said in an official announcement over the weekend. Binance’s India users have been directed to re-verify their Know-Your-Customer (KYC) details. This instruction will apply to both the new as well as the existing users of the exchange. Access to Binance was restored…