Category: Crypto Currency

The Maldives is preparing for a crypto-focused overhaul, funded by a Dubai-based family office called MBS Global Investments, according to a report. Moosa Zameer, the finance minister of the Maldives, divulged some details on the development during a video interview with the Financial Times on Sunday. As per the report, MBS Global Investments is set…

Kenya has ordered Sam Altman’s World Web3 project to delete collected biometric data of its nationals. The Nairobi High Court said that the controversial human ID project failed to acquire valid consent from the Office of the Data Protection Commissioner (ODPC) before obtaining the eye scans of Kenyan citizens to give them their World IDs….

The UK, that is eyeing to finalise its crypto regulations by 2026, has dismissed the creation of a national crypto reserve. Emma Reynolds, the Economic Secretary to the Treasury, spoke about the country’s stance on accumulating a crypto stockpile at the Financial Times Digital Asset Summit in London on Tuesday. The statement comes after the…

Bitcoin has been trading within the range of $93,000 (roughly Rs. 78.7 lakh) and $97,000 (roughly Rs. 82.1 lakh) for almost a week now. Ahead of the upcoming FOMC meeting, Bitcoin’s price has risen by over two percent in the last 24 hours. On international exchanges, the most expensive cryptocurrency is trading at $96,490 (roughly…

In 2024, crypto crimes led to losses of over $2 billion (roughly Rs. 16,877), with Chainalysis calling the figure a troubling milestone. The on-chain analysis firm also claimed that the number of hacking incidents rose from 282 in 2023 to 303 in 2024, powered by more sophisticated techniques and mechanisms. In conversation with Gadgets 360,…

Tether has announced that it recently upgraded its on-chain threat detection capabilities. The issuer of the USDT stablecoin said that Hadron, its real world assets (RWAs) tokenisation platform, has been equipped with on-chain intelligence tools from Chainalysis. With the new partnership, Hadron will have access to compliance tools created by Chainalysis, as part of Tether’s…

The Ethereum blockchain completed its latest Pectra upgrade on May 7. The aim of introducing this upgrade is to upscale the experience and reward generation for Ethereum validators. Now that the Pectra upgrade is live, network validators can stake 2,048 ETH tokens, a notable rise from the previous limit of 32 ETH tokens. This allows…

The Office of the Comptroller of the Currency (OCC) has allowed banks in the US to offer services like crypto custody and management to their customers. The move adds to the list of steps that US President Donald Trump’s government has taken recently to replace the crypto-related policies introduced by the previous administration. Acting Comptroller…

Bhutan will soon allow the use of cryptocurrencies in the tourism sector. The country has announced the launch of a crypto payment system that lets users make crypto payments using Binance Pay. The aim is to incentivise tourists with cheaper alternatives to dodge currency exchange rates and limitations in the acceptability of international cards. Tourism…

The crypto market rallied over the last few hours, after US President Donald Trump announced a US-UK trade deal. Bitcoin’s price shot up to $102,722 (roughly Rs. 88.1 lakh) on Friday, as the value of the digital asset rose by 3.9 percent on international exchanges. This is the first time in over two months that…