Category: Crypto Currency

Circle Internet on Wednesday priced its upsized US initial public offering at $31 (roughly Rs. 2,660) apiece, raising $1.05 billion (roughly Rs. 9,001 crore), adding fresh momentum to a growing pipeline of late-stage cryptocurrency firms eyeing public markets. Circle and its shareholders sold 34 million shares at $31 (roughly Rs. 2,660) apiece, valuing the company, which…

The Ethereum Foundation (EF) has overhauled its treasury strategy. The non-profit foundation that oversees the development and management of the Ethereum blockchain aims to strengthen the long-term sustainability and growth of the Ethereum ecosystem. The EF has also issued guidelines governing the sale of token and maintenance of internal fiat reserves. The development comes days…

Stablecoin issuer Circle Internet’s shares more than doubled in their debut on the New York Stock Exchange on Thursday, firing up the IPO market that has struggled to regain momentum. The New York-based company’s stock opened for trading at $69 (roughly Rs. 5,920) apiece, valuing the stablecoin issuer at nearly $18 billion (roughly Rs. 1,54,356…

On June 5, a fiery feud erupted between US President Donald Trump and Tesla CEO Elon Musk on X, sending shockwaves through the markets. Bitcoin, that was trading at $105,501 (roughly Rs. 90.5 lakh) earlier this week, registered a fall of 2.20 percent in the last 24 hours. With this, Bitcoin’s price on international exchanges…

Uber is reportedly exploring the use of stablecoins once again. During the Bloomberg Tech conference held this week in San Francisco, Uber CEO Dara Khosrowshahi, discussed the company’s ongoing study on the use of stablecoins. Uber is looking to reduce the costs of processing international money transfers, and it is now studying the use of…

The crypto market has seemingly entered a period of consolidation after a turbulent last week that saw a feud unfold between Donald Trump and Elon Musk. On Monday, June 9, Bitcoin reflected a minor loss of 0.14 percent on international exchanges. At the time of writing, Bitcoin was trading at $105,457 (roughly Rs. 90.3 lakh)…

Tools for Humanity, a startup co-founded by OpenAI’s Sam Altman, is rolling out its eyeball-scanning Orb devices to the UK as part of a global expansion of the company’s novel identification services. Starting this week, people in London, Manchester, Birmingham, Cardiff, Belfast and Glasgow will be able to scan their eyes using Tools for Humanity’s…

Stablecoin issuer Circle Internet’s shares climbed 48 percent on Friday, extending a stellar run after a blowout market debut on the New York Stock Exchange a day earlier. New York-based Circle’s stock went as high as $123.49 (roughly Rs. 10,566), nearly four times its $31 (roughly Rs. 2,650) offer price and valuing the company at…

A team of cybersecurity researchers have found 20 apps on the Google Play Store which were targeting cryptocurrency wallet users. According to a report by a cybersecurity research firm, these crypto-phishing applications impersonated legitimate crypto wallets such as Hyperliquid, PancakeSwap, and Raydium. Threat actors leveraged phishing tactics and compromised or repurposed developer accounts, forcing users…

Zettai, the parent entity of the crypto exchange WazirX, has petitioned the Singapore High Court for a reassessment of its financial restructuring plan. In a fresh filing on June 6, Zettai requested the court to re-evaluate its dismissal of the scheme’s implementation. This approval was initially slated to arrive on May 16; however, the court…