Category: Crypto Currency

A report by Check Point Research (CPR) uncovered a crypto wallet draining app on the Google Play Store, masquerading as the popular WalletConnect app. CPR found that the app used “advanced evasion techniques” to steal $70,000 (roughly Rs. 58.6 lakh) over five months from unsuspecting users. The malicious app, named “MS Drainer” after an analysis…

Mark Zuckerberg’s bet on the metaverse initially looked like a colossal mistake, wiping more than $100 billion (roughly Rs. 8,39,113 crore) from his net worth. But now it’s paying off big-time. Buoyed by a record-high Meta Platforms share price, Zuckerberg’s net worth has climbed almost sixfold in less than two years to $201 billion (roughly Rs. 16,86,617 crore),…

Japan is set to begin a review of the nation’s cryptocurrency rules, opening up the possibility of lower taxes on digital assets and potentially paving the way for the roll out of domestic funds investing in tokens. The Financial Services Agency in coming months will assess whether the current approach of regulating crypto under the…

Changpeng Zhao, the founder and former CEO of Binance, was released from US custody on September 28 after completing a four-month sentence in a California-based low-security prison, Lompoc II. The crypto mogul, who has been banned from the Binance leadership for lifetime, has decided to remain a part of the blockchain ecosystem as an investor….

Crypto investment platform Mudrex has announced a crypto-focused awareness initiative to mark the National Cyber Security Awareness Month this October. In an announcement note shared on Tuesday, October 1 the company said it will be hosting a series of weekly panel discussions focused on crypto safety and cyber security. These sessions will be streamed on…

The NFT market has struggled since the start of the year, with research indicating that 96 percent of digital collectibles have lost value. Despite this downturn, Pos Indonesia, the nation’s state-owned postal service, has ventured into the space by linking its stamps to NFTs. This initiative seeks to merge traditional collectibles like stamps with innovative…

Lamborghini has teamed up with Animoca Brands for its Web3 debut. As part of the partnership, supercars from the luxury Italian automaker will be launched by the Hong Kong-based game software firm into metaverse gaming ecosystems. The move from Lamborghini is aimed at getting customers acclimatised to the future of immersive marketing and brand engagement…

Global bank messaging network SWIFT will trial live transactions of tokenised assets and digital currencies next year, it said on Thursday, the latest step in the currently slow-moving integration of such assets into the wider financial system. Banks and asset managers have been exploring “tokenising” traditional assets like bonds for several years. They hope that…

Two months after it lost $230 million (roughhly Rs. 1,900 crore) to hackers, WazirX is still looking for ways to include its community members in the ongoing restructuring process. The beleaguered crypto exchange has announced that it is in the process of forming a ‘Committee of Creditors’ (COC). Zettai, the Singapore-based majority stakeholder entity of…

The potential use cases of blockchain technology appear to be gaining pace in the telecom sector. London-based World Mobile Group is a firm that aims to globalise decentralised Web3 networks. Founded in 2018, the company says its mission is to deliver high-quality web connectivity through a decentralised hybrid network that is 12 times more cost…