Category: Crypto Currency

Polygon Labs, the firm behind the widely used Polygon blockchain, recently announced a partnership with Mukesh Ambani-led Reliance Jio Limited as part of the latter’s efforts to introduce Web3 elements on its existing services. This week, a new crypto token, called JioCoin, started appearing on the telecom operator’s JioSphere browser app. The reward token appears…

The European Union (EU) is among the first regions of the world that has drafted, finalised, and deployed a comprehensive set of regulations to oversee the crypto sector in the region. Under the EU’s MiCA laws, which went into effect in December 2024, crypto service providers have been given clear instructions on how to conduct…

The US Securities and Exchange Commission’s new leadership said on Tuesday it had created a task force to develop a regulatory framework for crypto assets, in the first major move by President Donald Trump’s new administration to overhaul crypto policy. Trump, who campaigned on promises to be a “crypto president,” has pledged to reverse an…

India’s Birla Institute of Management Technology (BIMTECH) has debuted a blockchain-based campus currency called Bimcoin. The token has been designed to facilitate secure and transparent transactions within the institute’s ecosystem for students, administrators, and vendors. An official launch statement circulated by the institute says that the initiative has been inspired by India’s central bank digital…

With the Donald Trump’s re-election as US President, the global cryptocurrency sector is expecting a host of pro-crypto policies in the coming months. In a recent interview with CNBC, the Bank of America (BoA) chief said banking systems would go in “hard” on crypto transactions as soon as regulations to govern the sector were more…

The global crypto market is experiencing some volatility that has caused the price of many altcoins to fluctuate over the past couple of days. Over the last 24 hours, Bitcoin’s value dropped by 2.76 percent on global exchanges, while the price of the digital asset remained stable around $102,000 (roughly Rs. 88.2 lakh) for the…

Intelligence analysis firm i2 Group is upgrading its internal software with blockchain technology to be better equipped to identify illicit uses of cryptocurrency. The company plans to integrate blockchain-based features to its link analysis platform, named Analyst’s Notebook. i2 Group has partnered with blockchain data firm Chainalysis. With this step, the firm is looking to…

In what is being hailed as a ‘landmark’ decision by the crypto industry, a US court has reversed sanctions levied against Tornado Cash. The controversial crypto mixer is a Web3 platform that allows people to shuffle their crypto tokens with some other token from a collective pool of digital currencies. This adds more privacy to…

Zettai, the Singapore-based parent company of WazirX, presented a financial restructuring plan to the Singapore High Court this week. The court reviewed and approved the proposal for users of WazirX who lost funds during an alleged hack in July 2024, resulting in a displacement of approximately $230 million (around Rs. 1,900 crore). According to a…

President Donald Trump signed executive actions related to cryptocurrency and Artificial Intelligence, moves that could bolster two nascent industries. The president was joined by White House AI and crypto czar David Sacks, a venture capitalist and major political donor.  The crypto order creates a working group to advise the White House on digital asset policies…