Malicious Links Costed Crypto Investors Upto $4 Million in Losses: Google Ads Data

Crypto investors have lost up to $4 million (roughly Rs. 35 crore) by engaging with hoax links, sprawled all over the web, according to the information extracted from analysing Google Ads data. Unfortunately, the web is flooded with such malicious links, which when interacted with can drain the hard-earned savings from the victims. ScamSniffer, a … Read more

FTX Agrees to Sell LedgerX for $50 Million, to Seek Bankruptcy Court Approval on May 4

FTX has reached an agreement to sell its crypto derivatives platform LedgerX to an affiliate of Miami International Holdings for $50 million (roughly Rs. 400 crore), the bankrupt crypto exchange said on Tuesday. FTX will seek US bankruptcy court approval for the sale at a May 4 hearing. “We are pleased to reach this agreement … Read more

Coinbase Secures License to Operate in Bermuda, Plans to Launch Crypto Derivatives Exchange Next Week

Major US crypto exchange Coinbase Global has said it has secured a licence to operate in Bermuda, as part of a wider push to expand globally. Coinbase CEO Brian Armstrong said on Tuesday that crypto firms will develop in “offshore” havens unless the US and UK create “clarity about regulation” for crypto. Regulators and law … Read more

European Parliament Backs EU’s First Set of Regulations for Crypto Assets; Rules to Roll Out in 2024

The European Parliament on Thursday overwhelmingly backed the European Union‘s first set of rules to regulate cryptoasset markets. Parliament voted by 517 in favour and 38 against to approve the world’s first comprehensive set of regulations for issuing and trading cryptoassets such as bitcoin. “This regulation brings a competitive advantage for the EU,” said Stefan … Read more

Ethereum’s Shapella Upgrade to Unlock Around $33 Billion of Staked Ether

Investors are finally set to gain access to more than $33 billion (roughly Rs. 2,70,900 crore) of ether this week under a planned revamp of the blockchain. A new software upgrade to the Ethereum blockchain, dubbed Shapella, will let market players redeem their “staked ether” – coins they have deposited and locked up on the … Read more

Terraform Founder Do Kwon Charged for Forging Documents by Montenegrin Police

Montenegrin police on Friday formally charged Do Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion (nearly Rs. 3,29,500 crore) or more last year, for forging official documents after arresting him on Podgorica airport. Do Kwon, a South Korean national, and a second suspect have been held on Thursday while trying … Read more

FM Nirmala Sitharaman, US Treasury Secretary Janey Yellen Discuss Debt, Crypto at G20 Meet

Indian Finance Minister Nirmala Sitharaman and US Treasury Secretary Janet Yellen discussed strengthening multilateral development banks, global debt vulnerabilities and crypto assets on the sidelines of the G20 finance chiefs meeting on Thursday, the finance ministry said. Yellen is expected to brief reporters later in the day and take part in a meeting of Group of … Read more

Kraken Faces US SEC Scrutiny Over Sale of Unregistered Securities, May Result in Settlement: Report

Cryptocurrency exchange Kraken is under investigation by the US Securities and Exchange Commission for the sale of unregistered securities, according to a Bloomberg report. The regulator’s inquiry is at an advanced stage and could result in a settlement with the San Francisco-based platform in the coming days, the report added. Kraken declined to comment on … Read more

Bitcoin Climbs 40 Percent in January as Crypto Market Jumps by $280 Billion

Bitcoin is set for its best January since 2013 on bets that monetary tightening and the crypto-sector crisis are both ebbing. The largest token is up over 40 percent since the turn of the year, a first-month gain bettered only twice before when crypto was in its infancy. Smaller coins like Solana, Axie Infinity and … Read more