Category: Crypto Currency

The first U.S. exchange-traded funds (ETFs) tied to the price of ether, the world’s second-largest cryptocurrency after bitcoin, are due to begin trading on Tuesday, in another watershed event for the crypto industry’s push to go mainstream.  Ether ETFs from VanEck, Franklin Templeton, Fidelity, 21Shares and Invesco will begin trading on Cboe, the exchange said…

Finance Minister Nirmala Sitharaman presented the Union Budget for 2024-25 on Tuesday, with a slew of reforms for various sectors. The Budget did not mention cryptocurrencies or blockchain technology, two areas that are currently are unregulated in India. The Web3 sector in India has been urging the government to reduce the one percent tax deducted…

The crypto market is undergoing heavy volatility in the backdrop of macroeconomic factors, market changes, and political turmoil. On Wednesday, Bitcoin price fell by 1.93 percent on international exchanges, to trade at $65,866 (roughly Rs. 55.1 lakh), as per CoinMarketCap data. In India, Bitcoin recorded a slightly higher loss of over two percent on local…

WazirX was recently breached, and the ensuing loss of funds from a wallet held by the crypto exchange has had a heavy impact on the crypto sector in India. The beleaguered crypto exchange says that it has attempted to identify and recover the stolen funds worth over $230 million (roughly Rs. 1,924 crore) in the…

Ferrari will allow customers in Europe to make payments for car purchases through cryptocurrencies. In an official statement released on Friday, the Italian luxury carmaker noted that the needs of its clients have evolved over time, and that people are opting for newer payment technologies that suit their convenience. According to Ferrari, most of its…

The government reportedly plans to release a discussion paper before September, outlining its stance on crypto-related policies in the country, and crypto stakeholders — including the Bharat Web3 Association (BWA) — have already expressed their readiness to take part in the process. The paper is expected to pave the way for regulation of cryptocurrencies in…

Several cryptocurrencies saw their prices rise on the crypto price chart on Friday, including the world’s most widely used digital assets — Bitcoin and Ether. Bitcoin price rose by 4.33 percent over the last 24 hours to trade at $66,945 (roughly Rs. 56 lakh) on international exchanges like CoinMarketCap. The value of BTC on Indian…

Indian crypto exchange WazirX, for the past week, has been invested in probing a hack that drained one of its multi-signature wallets off over $230 million (roughly Rs. 1,924 crore). In its latest update to the community, WazirX has claimed that its own signers’ machines were not compromised in this attack, as shown by its…

Cardano, the decentralised and eco-friendly blockchain, is getting closer towards its milestone upgrade called ‘Chang’. This upgrade will add the element of ‘decentralised governance’ to the Cardano blockchain. Since being launched in 2017, Cardano has been aiming at becoming the most preferred development platform for decentralised applications (dApps). Its native cryptocurrency, ADA, presently holds the…

The recent hack of a WazirX wallet under Liminal Custody’s oversight has resulted in a loss of over $230 million, significantly impacting India’s crypto activities. In a statement to Gadgets360, Liminal denied WazirX’s allegations that the breach was due to a failure in Liminal’s screening system. Over the weekend, Liminal stated that its forensic investigation…