Category: Crypto Currency

The crypto market seems to be struggling to regain momentum amid a slowed down week. On Friday, September 6, Bitcoin saw a loss of between 1.06 and 2.03 percent on national and international exchanges. The oldest and the most expensive cryptocurrency is trading at the price point of $56,530 (roughly Rs. 47.4 lakh) on international…

AlgoBharat, the Indian unit of the Singapore-based blockchain firm Algorand Foundation, is ready for the second edition of its Web3-focussed initiative in India. Called the ‘Road to Impact’, this programme is aimed at bringing Web3 developers and startup teams to compete and obtain industry-level mentoring and workshops. This engagement with India’s Web3 talent, as per…

As the UK aims to position itself as a leading hub for Web3 innovation, financial authorities are stepping up efforts to safeguard the crypto sector’s stability and security. A recent report from the UK’s Financial Conduct Authority (FCA) revealed that 90 percent of recent crypto firm registration applications have been rejected. Key reasons for these…

The cryptocurrency market on Monday, September 9, was largely profitable, with most digital assets recording gains. Bitcoin registered a minor gain of around one percent on Indian exchanges like CoinDCX and CoinSwitch. At the time of writing, BTC in India was trading at $58,718 (roughly Rs. 49 lakh). On international exchanges, meanwhile, the value of…

A point of intersection between Artificial Intelligence (AI) and Web3 – AI tokens are cryptocurrencies that are linked to AI projects and protocols. In the last few days, the AI tokens category has emerged as a topic of buzz among members of the global tech community. This happened after tech giants like Apple and Nvidia…

Consumers lost more than $5.6 billion (roughly Rs. 47,029 crore) last year through cryptocurrency-related fraud, according to an estimate from the US Federal Bureau of Investigations — a 45 percent jump from 2022. The FBI Internet Crime Complaint Center received nearly 69,500 complaints from consumers in the US and abroad last year, according to a report published…

The blockchain technology that makes for the foundation of all things Web3 has managed to stir intrigue around its use cases around the world, including in India. In a fresh development, the municipal corporation of Gujarat’s Ahmedabad city in India has pushed out a notification seeking blockchain developers. The city wishes to use blockchain to…

Opportunist crypto scammers took advantage of the hype around Apple’s ‘Glowtime’ iPhone 16 event on September 9 to fish for potential victims through Google-owned video streaming app YouTube. Several users posted screenshots of multiple scam videos, that showed Cook promoting crypto giveaways, advertising investment schemes, and instigating crypto transactions through QR codes being flashed on…

Ahead of the US’ decision on the reduction of interest rates slated for September 18, the overall crypto market is struggling to overcome volatility. Bitcoin on Wednesday, September 11 saw a loss of 0.42 percent and 1.20 percent on international and national exchanges respectively. At the time of writing, Bitcoin was trading at $59,315 (roughly…

As the crypto sector undergoes regulatory shifts worldwide, banks are increasingly exploring opportunities to offer services related to virtual digital assets (VDAs). In a recent development, London-based Standard Chartered has launched a digital asset custody service in the UAE. This service will provide secure custody for cryptocurrencies to its UAE-based clients, starting with Bitcoin and…