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Cryptocurrency
US seizes 94K stolen Bitcoins worth $3.6 bn in biggest ever crypto haul
San Francisco : n a biggest-ever cryptocurrency haul, the US Department of Justice (DOJ) has seized and recovered over 94,000 Bitcoins worth $3.6 billion, stolen from crypto exchange Bitfinex by a US-based entrepreneur couple in 2016.The…
After cryptocurrencies, money laundering via NFTs next big worry
New Delhi: After serious concerns were raised on cryptocurrencies and their misuse for money laundering and hawala-based transactions by terror groups and criminals, a new report has claimed that money laundering through the buying and…
Crypto party over in India with 30% tax on digital assets
New Delhi: Hitting hard private cryptocurrency exchanges and apps which are luring millions, especially the young, into investing their hard-earned money in Bitcoin and other digital tokens, the government on Tuesday announced a 30 per cent…
Hackers steal $80 mn in crypto, platform begs them to return funds
New Delhi : Hackers have stolen cryptocurrency worth $80 million from Qubit Finance, a decentralised finance (DeFi) platform, and the company is now begging hackers to return the stolen cryptocurrency.The value of cryptocurrency stolen…
Nearly 30K Bitcoin millionaires wiped in last 3 months
New Delhi : Almost 30,000 Bitcoin millionaires have been wiped in the last three months as the volatile cryptocurrency is witnessing a free fall from $69,000 in November to nearly $36,000 (as of Thursday) owing to regulatory scrutiny and…
International Monetary Fund (IMF) warns El Salvador from using Bitcoin as official currency
Washington : The International Monetary Fund (IMF) has warned El Salvador to no longer use Bitcoin as a legal tender, citing large risks for financial and market integrity, financial stability and consumer protection.El Salvador in…
Global crypto market suffers $1 trillion loss as Bitcoin crashes
New Delhi : Bitcoin, along with other digital cryptocurrencies, crashed to its lowest level on Saturday and the continuing meltdown has wiped out over $1 trillion from the global crypto market value.Bitcoin was hovering at $35,000 per coin…
Crypto.com loses $34 mn in hack involving 483 users
San Francisco : Leading cryptocurrency platform Crypto.com has finally admitted that 483 users on its platform lost almost $34 million in various digital coins owing to a compromise in two-factor (2FA) authentication.Overall, the…
Crypto prices moving in sync with stocks, posing systemic risks
New Delhi : Crypto assets such as Bitcoin have matured from an obscure asset class with few users to an integral part of the digital asset revolution, raising financial stability concerns.Given their relatively high volatility and…
Binance CEO becomes one of the world’s richest billionaires
New Delhi : A cryptocurrency CEO has become one of the richest people on Earth, CNN reported.Changpeng "CZ" Zhao, who runs the crypto exchange Binance, has joined the ranks of the world's top billionaires, with an estimated net worth of at…