Category: Crypto Currency

The Open Network (TON) — the Telegram-linked blockchain network — experienced a technical issue in the early hours of Wednesday that saw the network go offline, prompting exchanges like Bybit and Binance to halt deposits and withdrawals on the network during the time. It appeared that the blockchain was undergoing a network-wide outage before its…

Zettai Pte Ltd, the Singapore-based majority stakeholder in WazirX, has sought a moratorium in order to restructure its finances. A moratorium can be explained as a legal authorisation to debtors to postpone payments. Zettai’s application, filed in a Singapore court, is part of the firm’s attempt to buy some time for WazirX to restructure its…

Indian crypto exchange CoinSwitch has decided to take legal action against its troubled contemporary WazirX in an attempt to recover its funds stuck on the latter’s platform following a hack last month. In a detailed post published on X, CoinSwitch disclosed that two percent of its total funds — worth Rs. 810 crore (roughly $9.65…

The US Securities and Exchange Commission (SEC) has threatened to sue non-fungible tokens marketplace OpenSea, the company’s CEO said in a post on social media platform X on Wednesday. “OpenSea has received a Wells notice from the SEC threatening to sue us because they believe NFTs on our platform are securities,” OpenSea co-founder and CEO…

The Delhi High Court, in a judgment passed on August 23, has ordered the Ministry of Communitions to remove 38 websites impersonating an Indian crypto investment firm within a week’s time. Last week, Mudrex filed a petition with the Delhi High Court seeking action against fraudulent websites after its users reported falling victim to scams….

Elon Musk and his electric vehicle company Tesla won the dismissal of a federal lawsuit accusing them of defrauding investors by hyping the cryptocurrency Dogecoin and conducting insider trading, causing billions of dollars of losses. The decision was issued on Thursday night by US District Judge Alvin Hellerstein in Manhattan. Investors accused the world’s richest…

Bitcoin and other cryptocurrencies like Ether saw their prices fall on Friday, fuelled by the ongoing market volatility that has continued to affect the value of these digital assets. The price of Bitcoin dropped by less than one percent on Friday, and it is currently trading at $62,655 (roughly Rs. 52.5 lakh) on Indian exchanges…

The Reserve Bank of India (RBI) is overseeing the creation and distribution of the eRupee CBDC for retail and wholesale payment purposes. The central bank’s approach towards exploring the inclusion of the eRupee into the existing financial system has been praised by Naveen Mallela, global co-head of Onyx, JPMorgan’s blockchain and digital currency unit. Mallela…

The Basel Committee on Banking Supervision (BCBS) has addressed its concerns around permissionless blockchains that are accessible by the public. In an official blog post, the body that sets the international standards of global banking, stated that its issue is not with these blockchains being public, but concerns arise because of these networks being permissionless….

As the crypto market entered September 2024, most cryptocurrencies saw significant losses. On Monday, September 2, Bitcoin experienced a price drop of 2.57 percent on Indian exchanges like CoinDCX and a decline of around 1.69 percent on international platforms, according to CoinMarketCap. With this, Bitcoin’s trading value on Indian exchanges presently stands at $61,469 (roughly…