Category: Crypto Currency

Most cryptocurrencies dipped in value on Friday with Bitcoin registering a price drop of under two percent on international exchanges to trade at $106,111 (roughly Rs. 90.8 lakh), as per CoinMarketCap. On Indian exchanges like CoinDCX, Giottus, and CoinSwitch, Bitcoin value dropped under one percent on Friday. BTC is currently listed at $108,350 (roughly Rs….

Among blockchain sectors, Web3 gaming has struggled to keep pace, delivering lacklustre performance compared to the explosive growth of cryptocurrencies over the past year. James Strudwick, executive director of Web3 firm Starknet Foundation, however, believes the Web3 gaming ecosystem has made gradual progress in recent times, even if the growth appears to be sluggish on…

The overall crypto market underwent a period of price correction over the weekend, pushing a majority of cryptocurrencies into losses. Bitcoin on Monday, June 2, reflected a price slip of around two percent bringing its value to $104,948 (roughly Rs. 89.6 lakh) on international exchanges. The oldest and most expensive cryptocurrency traced a similar trajectory…

Meta recently assessed if a portion of its cash holdings could be invested into Bitcoin — the oldest and most expensive cryptocurrency in the world. Despite US President Donald Trump’s pro-cryptocurrency stance, Meta shareholders dismissed the idea at the company’s annual shareholders’ meeting on May 28. Among a host of proposals and plans, the shareholders…

Cryptocurrency exchange Coinbase knew as far back as January about a customer data leak at an outsourcing company connected to a larger breach estimated to cost up to $400 million (roughly Rs. 3,420 crore), six people familiar with the matter told Reuters. At least one part of the breach, publicly disclosed in a May 14…

US-based brokerage firm Robinhood has officially acquired Luxembourg-headquartered crypto exchange Bitstamp. In an announcement posted on June 2, Robinhood said that it paid $200 million (roughly Rs. 1,709 crore) in cash to complete this acquisition. With this, Robinhood has now added over 50 licences held by Bitstamp to its own network. Johann Kerbrat, the general…

Singapore’s financial authority has responded to feedback received from the crypto industry on its proposed crypto regulations. On May 30, the Monetary Authority of Singapore (MAS) outlined certain requirements to be fulfilled by Digital Token Service Providers (DTSPs) in Singapore. Crypto firms have been directed to halt overseas operations by the end of the month,…

The crypto price charts reflected minor gains next to most cryptocurrencies on Wednesday, June 4. Bitcoin price grew by under two percent in the last 24 hours to trade at $105,501 (roughly Rs. 90.5 lakh) on international exchanges. The asset presently commands a 63.1 percent dominance over the price charts. On Indian exchanges, Bitcoin logged…

Australia has introduced new rules to regulate crypto ATMs in order to safeguard citizens from financial risks associated with the technology. The Australian Transaction Reports and Analysis Centre (AUSTRAC) has now enforced a deposit and withdrawal limit of AUD 5,000 (roughly Rs. 2.8 lakh) on crypto ATM transactions. The Australian regulator believes that this strategy…

WazirX users who lost their funds in the $230 million (roughly Rs. 1970 crore) hack last year, may have to wait longer to receive reimbursements from the crypto exchange. On Wednesday, the High Court of Singapore rejected WazirX’s restructuring scheme, according to an update posted by the exchange on X (formerly Twitter). This restructuring scheme,…