Category: Crypto Currency

A recent report by a UN body highlights the rapid rise of crypto-related cyber fraud in Southeast Asia. The United Nations Office on Drugs and Crime (UNODC) estimates that the region suffered financial losses of around $37 billion (roughly Rs. 3,10,663 crore) from scams in 2023 alone. To counter this growing trend, the UNODC has…

Taiwan’s Financial Supervisory Commission (FSC) is exploring ways to integrate Web3 services into its financial ecosystem. At a recent press conference, FSC official Hu Zehua stated that the regulatory body is open to involving financial institutions in trials for virtual asset custody services. This move follows growing interest from private lenders in recent months, with…

Three cryptocurrency companies and 15 people have been charged with engaging in widespread fraud and market manipulation following an investigation in which the FBI for the first time directed the creation of a new digital token to help authorities ferret out crime. Federal prosecutors in Boston charged the firms Gotbit, ZM Quant, CLS Global and…

As global regulatory measures shape the evolving crypto sector, digital assets are emerging as alternatives to traditional investment tools. Despite reaching a historic peak valuation of over $3 trillion (around Rs. 2,51,89,440 crore), crypto assets remain volatile, relatively new, and largely unregulated. A single uninformed decision or unexpected event in crypto investing can lead to…

Retail investors are showing a strong interest in cryptocurrencies despite the speculative and volatile nature of these virtual assets. The finding was highlighted in a report released by the Board of the International Organisation of Securities Commissions (IOSCO). The Madrid, Spain-based body said it surveyed 24 jurisdictions to compile this report titled “Investor Education on…

As the number of startups in cryptocurrency and artificial intelligence (AI) continues to grow, the demand for funding to support these emerging firms has also increased. VanEck, a global investment management firm based in New York City, has announced plans to invest $30 million (roughly Rs. 258 crore) into promising crypto and AI startups. Currently,…

The crypto market showed fluctuations on Friday, October 11, after the US CPI data emerged higher than expectations. In the backdrop of this development, Bitcoin registered a loss of around one percent on national and international exchanges. At the time of writing, the oldest and most expensive cryptocurrency was trading at $60,576 (roughly Rs. 50.8…

The Emirate of Dubai, which in recent times has taken multiple measures to establish and promote itself as a hotspot of Web3 activities, is now identifying illegal crypto entities operating within its region. In the latest development, the Web3 governing body of Dubai has initiated an action against seven companies dealing with virtual assets. The…

Google, which has recently been found to be holding a monopoly on web search, has taken a crypto-friendly decision amidst its ongoing legal battles in the US and the EU. As per a fresh update, Google has fully completed the integratigration of Ethereum Name Service (ENS) into Search. This feature was being tested with select…

The crypto market displayed mixed sentiment on Monday, October 14, with nearly equal proportions of gains and losses across cryptocurrencies. Bitcoin posted modest gains of about 2% on both domestic and international exchanges. With this, the trading value of BTC on foreign exchanges has bounced to $64,260 (roughly Rs. 54.02 lakh) after hovering around at…