Category: Crypto Currency

Crypto ATMs, which allow users to purchase cryptocurrencies with cash, have become a significant catalyst for illicit transactions in recent years. A recent report by blockchain intelligence firm TRM Labs reveals that the rate of illicit activities involving crypto ATMs is double that of the broader crypto ecosystem. Between 2019 and 2024, crypto ATMs have…

On Monday, September 2, the WazirX team, including co-founder Nischal Shetty, held a virtual townhall with members of the media. During this meeting, Shetty informed Gadgets360 that users in urgent need of funds have begun withdrawing their Indian Rupee (INR) balances from the platform. Initially, after the unfreezing of 66 percent of users’ INR balances…

Coinbase CEO Brian Armstrong showcased the first-ever transaction of tokens between two Artificial Intelligence (AI) agents this week. In a playful post, Armstrong mentioned that one AI bought tokens from another AI. This milestone represents a significant step in exploring the possibilities of integrating AI with Web3. To facilitate such interactions, Coinbase has introduced a…

WazirX hacker, who remains unidentified since the hack in July, is reportedly moving around the stolen funds. Data collected by Arkham Research showed that the hacker is using the controversial Tornado Cash platform to do so. Out of the stolen amount of over $230 million (roughly Rs. 1,900 crore), the hacker seems to have moved…

The Cardano blockchain team is actively working toward self-sustainability. Recently, Cardano completed its Chang upgrade, propelling the network into the era of decentralized governance. Now, ADA token holders can actively participate in electing representatives and contribute to development discussions. The Chang hardfork was implemented on block 10,764,778, according to reports. Essentially, Chang upgrade’s completion is…

Bitcoin on Wednesday, September 4 continued to stay substantially under the mark of $60,000 (roughly Rs. 50.3 lakh) after seeing a price decline earlier this week. On both Indian and international exchanges, Bitcoin recorded price drops of around four percent on Wednesday. With this, the asset’s price on global exchanges has reached $56,560 (roughly Rs….

Japan’s Financial Services Agency (FSA) aims to promote treating cryptocurrencies akin to traditional assets such as stocks and gold. As part of this effort, the FSA has reduced tax rates on income generated from crypto activities. Corporate crypto holders will face slightly higher rates, while small-scale individual investors will benefit from comparatively lower taxes. The…

India’s CoinSwitch crypto exchange is expanding its services portfolio to now focus on high networth individuals (HNIs) and institutional investors. In an announcement shared on Thursday, September 5 – the Mumbai-headquartered exchange said with this service, it aims to provide HNIs with personalised investment advisory and detailed risk management solutions among other inputs. In India,…

India’s Ministry of Electronics and Information Technology (MeitY) is deepening its commitment to blockchain, the foundational technology behind Web3. This week, MeitY unveiled a suite of blockchain platforms aimed at empowering Indian developers to build secure, transparent, and reliable digital solutions. MeitY Secretary S. Krishnan, who led the launch, emphasized the potential of these platforms…

The US Federal Bureau of Investigation (FBI) has warned crypto investors about the increasing danger posed by sophisticated North Korean hackers. The aim of these cybercriminals, according to the US investigative agency, is to steal hefty crypto reserves from firms that are operating services related to digital assets. These hack attacks have been described as…