Category: Crypto Currency

Bitcoin’s price rally faltered on Friday, as the value of the world’s most widely used cryptocurrency dropped by one percent on international exchanges, after crossing the $60,000 (roughly Rs. 50 lakh) mark earlier this week. The value of the most expensive crypto asset dropped to $60,990 (roughly Rs. 51.2 lakh), according to CoinMarketCap. This is…

The International Monetary Fund (IMF) has reiterated its concerns about El Salvador’s extensive engagement with Bitcoin. The topic was addressed by IMF spokesperson Julie Kozack during a press conference on Thursday. The organisation has been consistent in cautioning the country about the risks of crypto activity given the volatile nature of virtual digital assets. At…

The crypto market was largely in the red on Monday, October 7, with most cryptocurrencies facing losses. Bitcoin saw minor declines of less than 1% on both international and domestic exchanges. As per CoinMarketCap data, BTC was trading at $63,625 (roughly Rs. 53.4 lakh) on global platforms. On Indian exchanges like CoinSwitch and CoinDCX, however,…

Telegram has been no stranger to controversy, from the arrest of its CEO, Pavel Durov, in August, to recent policy changes affecting global users. Now, the messaging platform is making headlines again by hinting at an upcoming NFT-focused feature, despite 96 percent of existing NFTs being considered inactive. While the launch timeline remains uncertain, this…

India has emerged as a global leader in crypto adoption for the second year in a row, according to a September 2024 report by Chainalysis. While activities like buying, selling, trading, and holding cryptocurrencies are legal in India, no cryptocurrency has been recognized as legal tender. In an interview with Gadgets360, Cashaa founder Kumar Gaurav…

Earlier this week, the UAE announced changes to its tax policy, exempting certain crypto transactions from Value Added Tax (VAT). This move eliminates the previous 5 percent VAT on crypto transfers and conversions. In an interview with Gadgets360, Binance’s Head of Regional Markets, Vishal Sacheendran, called the decision a significant step towards positioning the UAE…

FTX received court approval of its bankruptcy plan on Monday, which will allow it to fully repay customers using up to $16.5 billion (roughly Rs. 1,38,550 crore) in assets recovered since the once-leading crypto exchange collapsed.  US Bankruptcy Judge John Dorsey approved the wind-down plan at a court hearing in Wilmington, Delaware, saying FTX’s success made it…

Mark Zuckerberg is intensifying Meta’s focus on metaverse initiatives, including hiring experts in generative AI. Recently, Meta showcased a demo of its latest technology, Hyperscape, which turns a smartphone camera into a gateway to photorealistic metaverse environments. According to Zuckerberg, this tool allows smartphones to scan 2D spaces and transform them into hyper-realistic metaverse backgrounds,…

The cryptocurrency market saw more losses than gains on Wednesday, October 9. Bitcoin experienced minor declines on both domestic and international exchanges over the past 24 hours. Despite these slight setbacks, the leading cryptocurrency has maintained its price above $62,000 (roughly Rs. 52.04 lakh) on global platforms. At the time of writing, Bitcoin was trading…

Crypto.com filed a lawsuit against the US Securities and Exchange Commission on Tuesday, alleging that the federal agency is overstepping its jurisdiction by regulating the cryptocurrency industry. The crypto trading platform said its move follows the receipt of a “Wells notice” from the top US markets regulator on the grounds that tokens traded on its…