Cryptocurrency

Who is Alexsej Besciokov, Lithuanian crypto kingpin arrested in Kerala?

Alexsej Besciokov faces multiple charges, including money laundering, conspiracy to violate sanctions, and operating an unlicensed money-transmitting business

EU worries US embracing crypto could impact Europe financial stability

ECB has been working on creating a digital euro since 2020, after Facebook announced a year earlier it wanted to launch its own digital currency called Libra

WazirX awaits creditors' approval for redistribution scheme: Founder

Needs approval of at least 50% of creditors by volume, and 75% by value

US's crypto reserve plan a booster, but Indian investors must be cautious

Lack of regularity clarity in India and high volatility mean investors should take only limited exposure

A cryptic move: US cryptocurrency reserve sparks puzzlement and alarm

The US, for example, holds around $17 billion equivalent of cryptocurrencies seized from criminals, and China is estimated to hold around $19 billion

As US takes lead, India may move to regulate cryptocurrency: Experts

The price of Bitcoin rallied to $95,083 per piece on Sunday from $78,225 on Friday following Trump's announcement. It normalised to $83,687 on Tuesday at the time of writing this report

Explained: Donald Trump's Crypto Strategic Reserve move & its implications

US President Donald Trump's announcement of establishing a US 'Crypto Strategic Reserve' contributed to a $300 billion rally in the global crypto market

How cryptocurrency is becoming a mainstay for cybercriminals worldwide

India had its largest crypto theft last year when currencies worth $230 million were stolen from wallets linked to WazirX exchange, according to news reports

Donald Trump to host first crypto summit at the White House on March 7

The summit will be led by venture capitalist and White House crypto czar David Sacks, and will be administered by working group executive director Bo Hines, according to White House

Bitcoin falls below $90,000, erasing some of gains made under Trump

The price of bitcoin fell below $90,000 and other cryptocurrencies saw large drops Tuesday morning, erasing some of the gains digital assets have made since President Donald Trump took office on a pro-crypto agenda. Bitcoin, the world's most popular cryptocurrency, was trading at about $89,000 as the US stock market opened. That's down from about $106,000, which was the price around Trump's inauguration. The decline in bitcoin and other crypto assets accelerated after a report showed a bigger-than-expected drop in consumer confidence for this month. Cryptocurrency is highly volatile, and prices can change rapidly. Even with Tuesday's drop, bitcoin is still up significantly since Trump won last year's election. Supporters said the price drops represent a good investment opportunity. Buy the dips!!! Eric Trump, the president's son, said on the social media platform X. He replaced the letter B with the symbol for bitcoin. It's been a mixed bag for the cryptocurrency industry in recent

CBI conducts raids at 60 locations in Rs 6,600 cr GainBitcoin crypto scam

The CBI on Tuesday conducted countrywide coordinated searches at 60 locations as part of its probe into Rs 6,600 crore GainBitcoin cryptocurrency scam, officials said. The searches were spread across multiple cities including Delhi NCR, Pune, Chandigarh, Nanded, Kolhapur and Bengaluru, targeting premises allegedly linked to key accused individuals, a CBI spokesperson said in a statement. The ponzi scam perpetrated through a web of platforms, including flagship site www.gainbitcoin.com, was allegedly masterminded by Amit Bhardwaj (now deceased) and his brother Ajay Bhardwaj, the officials said. Launched in 2015, the illicit operation was camouflaged under the facade of Variabletech Pte. Ltd, they said. The scheme lured the investors offering extraordinary returns of 10 per cent per month in Bitcoin over an 18-month period urging them to purchase the digital currency from external exchanges and deposit it with GainBitcoin through "cloud mining" contracts, the central agency said. "T

Here's why banks in Hong Kong are taking the fight to crypto bros

Developments in Hong Kong, which has finalised a regulatory regime for stablecoins, will be watched keenly in the US where such rules are still being debated, albeit in a newly favourable climate

Crypto trading booms in India's interiors as job growth, incomes disappoint

Many young Indians are dabbling in crypto trading to supplement their regular income in the world's most populous country where jobs and pay increases have lagged world-beating economic growth

Argentine President Javier Milei defends crypto tweet amid backlash, losses

Javier Milei, facing legal complaints and impeachment calls, compares investor loss in crypto to gambling

Surge in crypto ETF filings following Trump's return to power: Report

These filings belong to 16 distinct virtual digital asset (VDA) categories, including memecoins

Argentine Prez Javier Milei accused of fraud over $LIBRA crypto promotion

Argentinian President Javier Milei's brief endorsement of a cryptocurrency and subsequent deletion of post led to severe loss for investors

ED seizes 'biggest' crypto fund worth Rs 1,646 crore in PMLA case

The Enforcement Directorate (ED) has seized its biggest-ever cryptocurrency worth Rs 1,646 crore as part of a "mega" money laundering investigation into a fraud investment scheme where numerous depositors were duped in the name of securities investment, official sources said. The Ahmedabad office of the federal probe agency has also seized Rs 13.50 lakh in cash, an SUV and a number of digital devices after it concluded a fresh round of searches on Saturday in the case related to "fraudulent" and unregistered offering and sale of securities in the form of investments through 'BitConnect lending program'. The ED case, filed under the Prevention of Money Laundering Act (PMLA), stems from an FIR of the Surat Police crime branch which said the alleged fraud that took place between November 2016 - January 2018 (after demonetisation). The agency deployed a team of its tech-savvy experts who examined the "complex web" of transactions carried out in "numerous" crypto wallets to unmask the ..

MBBS student loses Rs 44 lakh in crypto scam: Tips to protect yourself

Schemes promising high returns quickly are a red flag and must be avoided, according to experts

Russian crypto expert Alexander Vinnik returns to Moscow in prisoner swap

Alexander Vinnik, a Russian cryptocurrency expert who faced Bitcoin fraud charges in the United States, returned to Russia on Thursday after being freed in a swap that saw Moscow release American Marc Fogel, Russian news agencies reported. Alexander Vinnik arrived in Moscow on a flight from Turkey, where he was flown after being released from custody in California, Russia's state Tass and RIA-Novosti news agencies reported, citing Russian aviation officials and his lawyer. Vinnik, who operated cryptocurrency exchange BTC-e, was arrested in 2017 in Greece at the request of the US on cryptocurrency fraud charges and was later extradited to the United States where he pleaded guilty last year to conspiracy to commit money laundering. Steve Witkoff, a special envoy for US President Donald Trump, left Russia with Fogel earlier in the week and brought him to the White House, where Trump greeted him on Tuesday. Fogel, an American history teacher who was deemed wrongfully detained by Russia

WazirX parent schedules voting process for scheme of arrangement for March

Legal firm Kroll will be the party platform for the voting process, while Alvarez & Marsal will act as its independent assessor