Category: Crypto Currency

Days after the FBI warned crypto investors about a rise in crypto-related attacks, an Indonesian exchange has reportedly been hacked. Ten-year old crypto exchange Indodax, headquartered in Bali, was breached by hackers on Wednesday. Blockchain security firm SlowMist estimates that around $22 million (roughly Rs. 184 crore) has been stolen by hackers, in the form…

India led the way in global adoption of cryptocurrencies for the second straight year as investors braved the country’s tough regulatory stance and steep trading taxes, a report from blockchain analytics company Chainalysis showed on Wednesday. The report, which tracks adoption across four sub-categories in 151 countries, showed India ranked high on usage of centralised…

Binance is expanding its services portfolio to maintain its competitive edge in an increasingly crowded industry. On Thursday, September 12, the exchange introduced a new ‘token unlock and vesting schedule’ feature, which it says will make tokenomics more transparent and accessible for users. Vishal Sacheendran, Binance’s head of regional markets, noted that the feature is…

Bitcoin, on Friday, September 13, posted minor losses of about 0.77 percent across both national and international exchanges. According to CoinMarketCap, BTC’s value dropped to $57,854 (roughly Rs. 48.5 lakh) on global exchanges. However, on Indian platforms like CoinSwitch and CoinDCX, the leading cryptocurrency traded at $60,708 (roughly Rs. 50.9 lakh). In the US, the…

WazirX, which suffered a loss of over $230 million (approximately Rs. 1,900 crore) in a hack in July, is now working to restructure its finances. In a recent affidavit, the exchange revealed that only 441 users have supported the moratorium appeal filed by its majority stakeholder, Zettai, in a Singapore court. With two million monthly…

Retail trading platform eToro will stop offering nearly all cryptocurrencies to its customers as part of a settlement with the US Securities and Exchange Commission, the regulator said on Thursday. eToro also agreed to pay a penalty of $1.5 million (roughly Rs. 12.5 crore) to settle charges that it operated as an unregistered broker and…

The decentralized finance (DeFi) sector aims to remove intermediaries like central banks and brokers from financial transactions, focusing mainly on crypto-based services. In this article, we’ll explore liquidity pools, often described as the driving force behind the smooth operation of DeFi protocols. Liquidity pools allow users to quickly convert assets into cash, accelerating transaction processes…

This week, the crypto market is gearing up for two key events: the upcoming FOMC meeting in the US and the launch of the Donald Trump-backed crypto platform, World Liberty Financial. Amid these developments, Bitcoin showed slight declines on Monday, September 16, with losses of 0.12 percent on Indian exchanges and 1.59 percent on international…

The crypto sector, that is presently valued at over $2 trillion (roughly Rs. 1,70,32,400 crore), is under constant threat from malicious actors who are increasing in number at a rapid pace globally. In a recent blog, Binance sounded an alert about the ‘clipper malware’, that is being used by cyber criminals to manipulate transaction details…

In August, electronics giant Sony launched Soneium, a layer-2 blockchain, and established Sony Block Solutions Labs (Sony BSL) to spearhead its blockchain ventures. In a recent development, Circle, the issuer of the USDC stablecoin, has partnered with Sony to expand the USDC ecosystem through the Soneium blockchain. This collaboration also seeks to position USDC as…