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Cryptocurrency
Hackers steal $100 mn in crypto from Harmony Blockchain bridge
New Delhi : Hackers have stolen at least $100 million worth digital tokens from Harmony, the crypto startup behind Horizon Blockchain Bridge which allows users to transfer their crypto assets from one Blockchain to another.
Harmony…
Bitcoin trading platform Bitpanda lays off 250 employees
New Delhi : Global Bitcoin trading platform Bitpanda has laid off 250 employees amid the crypto winter as digital coins crash.Billionaire entrepreneur Peter Thiel-backed Bitpanda announced that it would be reducing its headcount from nearly…
Indian investors likely lost Rs 1,000 cr to fake crypto exchanges: Report
New Delhi : Fake cryptocurrency exchanges have duped Indian investors of more than $128 million (nearly Rs 1,000 crore) as the global crypto market tanks, a new report claimed on Tuesday.Cyber-security company CloudSEK said it has uncovered…
Bitcoin surges past $20K, Ethereum crosses $1,100 per coin
New Delhi : After witnessing free fall for weeks, Bitcoin finally managed to rebound past $20,000 per digital coin on Monday, around 16 per cent gain over the weekend.The rally came after Bitcoin, the largest cryptocurrency by market…
Bitcoin falls below $18K, Ethereum down 80% in freezing crypto winter
New Delhi : Leading cryptocurrency Bitcoin dropped below $18,000 per digital coin on Sunday a massive over 70 per cent drop from its record high of $68,000 in November last year as mayhem in the crypto market continued.
Overall, the…
Coinbase lays off 18% of its workforce
New Delhi : Leading crypto exchange Coinbase has announced that it is laying off 18 per cent of its workforce, or about 1,100 jobs amid the economic downturn.Brian Armstrong, CEO and co-founder said that while the company tried its best to…
BlockFi, Crypto.com lay off hundreds as digital coins crash
New Delhi : Crypto trading and lending exchanges BlockFi and crypto.com have laid off hundreds of employees after the global crypto market was battered owing to a "dramatic shift" in macro-economic conditions.BlockFi CEO Zac Prince said…
Bitcoin falls to record-low of $21K over worrying inflation data
San Francisco : Top cryptocurrency Bitcoin (BTC) further nosedived to around $21,000 per coin on Tuesday, a level it saw some five years ago.It was hovering around Rs 20,000-Rs 21,000 per BTC as the global crypto market crashed owing to the…
Crypto lender Celsius blocks withdrawals due to ‘extreme market conditions’
London : Crypto lending platform Celsius announced on Monday that it is pausing all withdrawals citing "extreme market conditions", media reports said.The controversial company which has lent out more than $8 billion and managed nearly $12…
Blockchain-based DeFi platforms need scrutiny, experts warn investors
New Delhi : As leading cryptocurrencies nosedive, investors of DeFi (decentralised finance) platforms also need to exercise "caution and scrutiny" amid growing concerns about the liquidity of this certain type of cryptocurrency service,…