Page 2 - Cryptocurrency
Donald Trump's new crypto company launches strategic 'token reserve'
The announcement comes at a time when Trump and his family businesses are increasingly turning to making money from the world of crypto
Cryptocurrency exchange WazirX completes asset restructuring on platform
The redistribution of assets will be made in the form of tokens, the company said, conditional to its users voting in affirmative to its scheme
Zepto world's second most downloaded app in food and drink category
Other Indian companies in the category were food and grocery delivery companies Zomato at number five and its competitor Swiggy at number nine, Zepto's rival Blinkit secured the tenth spot
Trump's tariff threat sparks drop in crypto, Bitcoin falls below $100k
Cryptocurrency prices took a hit from the prospect of a trade war between the US and its major trading partners, with some well-known digital assets seeing values fall more than 10%. Bitcoin fell below $100,000 after US President Donald Trump announced plans Saturday to start putting large tariffs on goods from Canada, Mexico and China. The world's most popular cryptocurrency fell to about $92,000 Sunday night before rebounding to around $99,000 by Monday morning after Trump announced a pause on the tariffs on Mexican goods. Ethereum, dogecoin, and other popular cryptocurrencies saw significant price drops some more than 10% -- since Trump's weekend tariff announcement. Trump's own meme coin, which he launched just before taking office, also saw a huge drop. Those are riskier cryptos than bitcoin, said Garrick Hileman, an independent cryptocurrency analyst. But it's a little surprising how big the gap is. The sell-off was part of a worldwide drop in financial markets on the eve o
Crypto in Crisis! Trump's tariffs spark fears; what's next for investors?
The trade policies, analysts said, could fuel volatility across risk assets, including cryptocurrencies
Budget 2025: No tax relief for crypto investors, new compliances introduced
Virtual Digital Assets (VDAs) are now classified as undisclosed income. So if unreported crypto gains are detected, tax authorities can levy a 60% tax along with a hefty 50% penalty on the tax amount
India reviewing crypto stance amid shifting global regulatory landscape
India's Financial Intelligence Unit (FIU) issued show-cause notices to nine offshore cryptocurrency exchanges in December 2023 for non-compliance with local rules
'No query from ED': Paytm denies reports of facing probe in crypto scam
Paytm on Friday said it has not received any fresh notice, communication, or query from the Enforcement Directorate after reports suggested that the fintech firm is among companies facing a probe over cryptocurrency scam. The information published is "factually incorrect and misleading", Paytm said dismissing media reports that claimed ED is investigating eight payment gateways, including Paytm, in connection with a scam involving 10 Chinese nationals. Shares of One97 Communications, which owns the Paytm brand, fell 8.4 per cent during the day to Rs 773.90 but recovered partially and closed at 5 per cent lower on BSE. "...we confirm that we have not received any such new notice, communication, or query from the Enforcement Directorate regarding the matter mentioned in the media articles," Paytm said in a clarification to BSE terming the information published as "factually incorrect and misleading". Drawing attention to its previous letter dated September 4, 2022, regarding the ...
CBI busts Rs 350 crore nationwide crypto Ponzi scam, raids seven locations
The CBI has conducted search operations across seven locations after registering a case of Rs 350 crore crypto ponzi scam against seven persons, officials said Friday. The accused persons were allegedly running seven separate modules based in the cities of Delhi, Hazaribag, Bathinda, Ratlam, Valsad, Pudukkottai and Chittorgarh, taking money from gullible investors promising investments in cryptocurrencies, they said. "These ponzi schemes were being promoted through multiple social media groups. An analysis of bank account transactions and cryptocurrency wallets has revealed that the illegal proceeds from these schemes were being converted into cryptocurrencies to obscure their origin," CBI's spokesperson said in a statement. It is alleged that they had conducted transactions of over Rs 350 crore in these schemes, the officials said. On Thursday, the agency swooped down at locations in Delhi, Jharkhand, Punjab, Madhya Pradesh, Gujarat, Tamil Nadu and Rajasthan. During the searches,
HPZ Token scam: Fintechs deny reports of ED probe, freezing of accounts
The chargesheet has named 298 individuals in what could one India's largest cryptocurrency scams: The HPZ Token scam, operated by 10 Chinese nationals
Trump inks executive order to form internal working group on crypto
US President Donald Trump has signed an executive order to form an internal working group on crypto aimed at making America the world capital in crypto. It also prohibited the establishment of central bank digital currencies. Chaired by White House AI and Crypto Czar David Sacks, the working group would be tasked with developing a federal regulatory framework governing digital assets, including stablecoins, and evaluating the creation of a strategic national digital assets stockpile. The other members of the group include the secretary of the treasury and the chairman of the Securities and Exchange Commission. Prohibiting agencies from undertaking any action to establish, issue, or promote central bank digital currencies, the executive order revoked the previous administration's Digital Assets Executive Order and the Treasury Department's Framework for International Engagement on Digital Assets which, the Trump administration claimed, suppressed innovation and undermined the US' ...
Trump pardons dark web marketplace 'Silk Road' creator: Who is Ross Ulbricht?
In 2011, Ulbricht launched 'Silk Road', a darknet marketplace he envisioned as a freewheeling, anonymous platform for trade, powered by cryptocurrency
$TRUMP coin rockets to $10 billion as Trump ushers in 'crypto golden age'
Trump-backed crypto ventures fuel market buzz, raising $1 billion in token sales and propelling Bitcoin to $104K, as $TRUMP hits $10 billion valuation
Bitcoin rises to fresh record, over $109K ahead of Trump inauguration in US
Token's rise came after Trump and his wife Melania unveiled memecoins over the weekend, with Trump's rapidly reaching a market capitalization of more than $15 billion before declining sharply
$TRUMP meme coin jumps 73% to $9 bn market value ahead of his inauguration
Trump has promised to be a 'crypto president', and is expected to issue executive orders aimed at reducing crypto regulatory roadblocks and promoting widespread adoption of digital assets
Bitcoin surpasses $100,000 amid possible early crypto action by Trump
The price of bitcoin topped USD 100,000 again early Friday as a pumped up cryptocurrency industry expects early action by Donald Trump when he's sworn in as president next week. Once a sceptic who said a few years ago that bitcoin seems like a scam, Trump has embraced digital currencies with a convert's zeal. He's launched a new cryptocurrency venture and vowed on the campaign trail to take steps early in his presidency to make the US into the crypto capital of the world. His promises including creating a US crypto stockpile, enacting industry-friendly regulation and event appointing a crypto czar for his administration. You're going to be very happy with me, Trump told crypto-enthusiasts at a bitcoin conference last summer. Bitcoin is the world's most popular cryptocurrency and was created in 2009 as a kind of electronic cash uncontrolled by banks or governments. It and newer forms of cryptocurrencies have moved from the financial fringes to the mainstream in wild fits and ...
WazirX freezes $3 million in USDT nearly 7 months after cyberattack
This comes nearly seven months after an alleged security breach led to the loss of over $230 million worth of VDAs -about 45 per cent of the total crypto assets on the platform
Donald Trump plans on designating cryptocurrency as a national priority
Still under discussion for inclusion in the executive order is a directive for all government agencies to review policies about digital assets and possibly pause any litigation involving crypto
WazirX's $235 mn hack linked to North Korea; US, Japan, S Korea to counter
The US, Japan, and South Korean governments have pledged to counter North Korea by imposing sanctions and strengthening cybersecurity in the Indo-Pacific region
Dark web, crypto, drones continue to be a challenge for nation: Amit Shah
Union Home Minister Amit Shah said on Saturday that dark web, cryptocurrency, online marketplace and drones continue to be a challenge for the country and these have to be checked by strict measures. Chairing a regional conference on 'Drug Trafficking and National Security' here, Shah also asserted that the country will not allow even a single kg of drugs to be smuggled in or out of the country. He said the government has not only been successful in eliminating many networks of drugs, but the terrorism linked with them too was also destroyed. He said many cases of narco-terrorism were busted in Jammu and Kashmir, Punjab, Gujarat and Uttar Pradesh and these were major achievements. "The use of dark web, cryptocurrency, online marketplace, drones continue to be a challenge for us even today," he said. Shah said a technical solution to these problems have to be found through joint efforts by the states and the central government and technocrats for the country's security and ...
