Category: Crypto Currency

The International Monetary Fund (IMF) has released a new report highlighting the rising carbon footprint of the crypto sector and stressing the need for control. To address this, the IMF has proposed a significant tax increase on crypto mining businesses to encourage the adoption of greener practices. According to the IMF’s latest estimates, crypto mining…

Apple recently announced that it will soon allow third party developers from countries in the European Union (EU) and select other regions to access the NFC technology on iPhone, on an upcoming beta build of iOS 18.1. This technology that supports contactless payments is currently restricted to Apple Pay and Apple Wallet. This decision could…

The crypto price chart, on Tuesday, August 20 reflected gains next to most cryptocurrencies. Bitcoin reflected a gain of 3.5 percent on international exchanges like CoinMarketCap while seeing a loss of 3.05 percent on Indian exchanges like Bitbns. On foreign exchanges, BTC is trading at the price point of $60,973 (roughly Rs. 51 lakh) whereas…

In India, the fintech industry reached an important milestone with the launch of UPI payments in April 2016. By 2027, UPI transactions are expected to cross the 100-crore mark, as per a report by PwC India. August 20 is observed as National Fintech Day to celebrate the annual growth of the collaboration between the sectors…

Binance CEO Richard Teng, in a post on X, claimed that the exchange has managed to prevent losses of around $2.4 billion (roughly Rs. 20,130 crore) between January and July this year. According to Binance, over 1.2 million global users were protected against financial losses during this period. Touted as the largest crypto exchange in…

CoinDCX-owned self-custodial wallet Okto announced the launch of a rewards initiative on Wednesday. Okto is looking to incentivise traders that are active on its platforn while simultaneously ramping up user activity. As part of the program, Okto has announced that it will distribute 50,000 ARB (Arbitrum) tokens among its community members. The token pool has…

El Salvador is preparing to upskill thousands of its civil servants as part of a drive aimed at making the government’s workforce more familiar with Bitcoin-related technology. Over 80,000 Salvadoran civil servants will be trained in efficiently using Bitcoin technology. Upon completion of the training, these officials will be provided with a certification. El Salvador…

The crypto price chart reflected signs of volatility after the latest employment growth data in the US showed that the job market from March 2023 to March 2024 was not as robust as initially reported. Bitcoin on Thursday, August 22 showed a minor price hike of 2.21 percent. With this, the price of BTC on…

Crypto traders in Nigeria have reportedly urged the government to take a measured approach in tackling regulatory issues with crypto firms like Binance. As part of their suggestions to the Nigerian authorities, crypto investors in the country have asked the government to follow India’s approach. In recent months, Binance’s business in Nigeria came to a…

Crypto hackers, known for their relentless attacks on the sector, are now targeting popular brands and celebrities on social media to ensnare unsuspecting victims. In a recent breach, McDonald’s Instagram account was hacked to promote a fraudulent memecoin called ‘Grimace.’ With a substantial following of 5.1 million, the fast-food giant frequently shares promotional content on…