India’s FIU Likely to Approve Two More Foreign Crypto Exchanges Soon
After approving Binance and KuCoin, the FIU has received applications from four other exchanges, and at least two are likely to be allowed to operate by the end of FY25.
Tag: Crypto
Mastercard Teams Up with Mercuryo to Let You Spend Crypto from Your Own Wallet
This new partnership introduces a euro-denominated debit card that lets users spend cryptocurrencies like Bitcoin from their self-custodial wallets at over 100 million merchants in Mastercard's network.
Second Edition of the European Blockchain Convention Hackathon: Unleashing Innovation in DeFi
Building on the success of last year's inaugural hackathon, this edition is expected to attract top talent and key industry players, providing a unique platform for learning, networking, and collaboration.
Switchere Now Supports Over 20 Fiat Currencies for Instant Cryptocurrency Purchases
Switchere streamlines the process of buying over 150 different cryptocurrencies by offering instant purchases directly through credit cards, direct or SEPA bank transfers, and mobile payment methods like Apple Pay and Google Pay.
Crypto Hacks Surged in August, Over $313M Lost in Multiple Attacks
The two largest incidents, both involving phishing attacks and unauthorized transfers, accounted for a staggering 93.5% of the total stolen funds, totaling $293.4 million.
Telegram Held $400M in Digital Assets, Generated Major Crypto Revenue in 2023
A substantial 40% of the company’s revenue is linked to its "integrated wallet" and the "sale of collectibles," both tied to cryptocurrency.
Crypto Startup Time.fun Raises $3M Seed Funding to Tokenize Creator Minutes
QUICK BITE According to a recent report by The Block, crypto startup Time.fun has secured $3 million in seed funding.…
Brave Browser Cuts 14% of Staff in Second Round of Layoffs, Continues AI Push
This latest round of job cuts comes just 10 months after Brave laid off 9% of its staff in October 2023, citing the need to manage costs during tough economic times.
10th Edition of the European Blockchain Convention: Celebrating Industry Achievements
This year, attendees can expect more than just an event but rather a whole experience. Highlights include a sunset beach party, beach running, and a wine-tasting experience that showcases the vibrant atmosphere of Barcelona.
Thai Authorities Bust Illegal Bitcoin Mining Linked to Power Outages
The house, rented by a company for four months, was abandoned by the operators, who fled before the raid. No arrests were made.
How KoinBX is Democratizing Crypto Access to Everyone
KoinBX aims to provide equal opportunities in the emerging decentralized crypto-economy, focusing on quality, security, and accessibility.
Elon Musk Backs Telegram’s Pavel Durov Amid Shock Arrest in France
The arrest was linked to a search warrant from OFMIN, a French agency focused on combating child sexual exploitation, following a preliminary investigation.
Airbnb Host Slapped with ₹1.25 Lakh Electricity Bill After Guests Mine Cryptocurrency
QUICK BITE A North Carolina Airbnb host had to add a surprising new rule: no cryptocurrency mining. This change came…
Crypto Crime Dips in 2024, But Centralized Exchanges Face Rising Thefts and Ransomware: Report
After a period of focusing on DeFi protocols, crypto criminals are targeting centralized exchanges. These exchanges, which handle significant Bitcoin transactions, are proving to be attractive targets.
Crypto Startups Secure $2.7 Billion in Q2 2024 Amid Shifting Investment Patterns
Infrastructure startups dominated funding rounds, with Monad, a parallelization Layer 1 platform, raising $225 million in a Series A, and DeFi-specific L1 Berachain securing $100 million in a Series B.
HEXN.IO New Telegram App Hits 6M Users in Under Two Months
The app offers users a gamified experience to earn HEXN Points (HP) through various activities such as completing quests, activating boosters, participating in contests, and entering giveaways.
Tornado Cash Developer Seeks Additional $1M for Legal Defense Against Money Laundering Charges
The support account pointed out that Pertsev has run out of money, stressing the need to stand with him and raise between $750,000 and $1 million to cover his ongoing legal costs.
Japanese Investment Firm Metaplanet Secures $6.8M Loan to Expand Bitcoin Holdings
The loan from MMXX Ventures, a Metaplanet shareholder, has a 0.1% annual interest rate and a six-month term starting on Aug. 8. The company stated that the loan will be repaid in a lump sum.
Riot Posts $84 Million Quarterly Loss Amid Increasing Bitcoin Mining Difficulty
Bitcoin mining difficulty rose by 10.5%, from 82.05 trillion to 90.67 trillion, marking a 10% increase in the effort needed to mine a block compared to the previous 2,016 blocks or two weeks.
SEC Charges BitClout Founder Nader Al-Naji with $257 Million Cryptocurrency Fraud
Al-Naji raised $257 million through BitClout's token sale, allegedly misleading investors about fund usage. The SEC claims he spent over $7 million on personal expenses, including a Beverly Hills mansion and family gifts, instead of compensating employees.
GAGA Meme Coin Debuts With Peace-Focused Cryptocurrency Model
QUICK BITE Following recent global shifts and economic changes, meme coins have shown impressive resilience and flexibility. Established players like…
Crypto-Friendly Neobank Revolut Secures UK Banking License After Years-Long Wait
The London-based neobank has been waiting for years to reach this point after applying for a UK banking license in 2021.
Indian Finance Minister Ignores Crypto Industry’s Budget Tax Plea
The Indian Finance Minister Nirmala Sitharaman’s 2024-25 Union Budget speech on July 23 made no mention of cryptocurrencies. It has left the crypto industry in India in a state of uncertainty.
WazirX Takes Legal Action, Reports $234.9M Hack to FIU and CERT-In
“We're reaching out to 500+ exchanges to block the identified addresses. Many exchanges are cooperating with us, and we are actively working with them on additional resources to aid our recovery efforts,” said WazirX.