Category: Crypto Currency

A US court has ordered bankrupt cryptocurrency exchange FTX to pay $12.7 billion (roughly Rs. 1,06,572 crore) in relief to its customers, the Commodity Futures Trading Commission (CFTC) said on Thursday. FTX drew customers in with “an illusion that it was a safe and secure place to access crypto markets,” then misappropriated their customer deposits to…

Binance has revealed in an announcement that it has recovered $73 million (approximately Rs. 612 crore) stolen by hackers and scammers from the global crypto sector as of July 31, 2024. The world’s largest cryptocurrency exchange, in a statement shared with Gadgets360, highlighted blockchain technology as a powerful tool in gathering evidence against cybercriminals. Binance…

The crypto market sentiment, as per the analysts, is extremely fearful at the moment, driven by political conflicts, geopolitical tensions, and other macroeconomic factors fueling volatility. Most cryptocurrencies reflected losses on Monday, August 12. Bitcoin, the most expensive of all cryptocurrencies, reflected a minor gain of 0.91 percent on the price chart that brought its…

Samsung has forged a new partnership with the NFT game Illuvium to promote its Web3 TVs to a younger, tech-savvy audience. This collaboration is Samsung’s second major Web3 initiative in recent months. In April, the company teamed up with the Wilder World metaverse game to enhance the appeal of its televisions to Web3 enthusiasts. Samsung…

The crypto sector, that is presently valued at $2.05 trillion (roughly Rs. 1,72,11,513 crore), is rife with over 2.4 million cryptocurrencies in circulation with more entering every day. In the memecoin category, a new entrant named ‘Dogs Coin’ is the latest to stir up a buzz. Interestingly, Telegram, the messaging app, is serving as the…

The global crypto sector has seen an increase in adoption this year, according to a report by crypto exchange Binance. The firm claims that the overall capitalisation of the crypto sector rose by 44 percent or $720 billion (roughly Rs. 60,45,112 crore) in the first half of 2024. The launch of crypto ETFs earlier this…

Crypto startups reportedly managed to see bigger investments from venture capital firms in the second quarter of 2024, compared to the first. As per a report, a total of $2.7 billion were invested into crypto startups between April and June this year. This amount is 2.5 percent higher than what was fetched by crypto startups…

Bitcoin on Wednesday, August 14 reflected a price gain of 3.15 percent on international exchanges. With this, the value of BTC on international exchanges has come to the price point of $61,060 (roughly Rs. 51 lakh). On Indian exchanges like CoinSwitch, BTC is trading at around $64,576 (roughly Rs. 54 lakh). As per market commentators,…

The Telecom Regulatory Authority of India (TRAI) is taking active measures to control the menace of spam calls in the country. In a recent move, the country’s telecom watchdog has issued a directive to all network providers, asking them to stop promotional calls from unregistered callers, said an official statement released by TRAI said on…

Binance users in India can now access the exchange’s website after being blocked in December 2023. The crypto exchange, touted as the largest in the world, has finally completed its registration with India’s Financial Intelligence Unit (FIU) and has also cleared the penalty of $2.25 million (roughly Rs. 18.8 crore) that was levied on it…