Pi Network Coin Drops 10% as Binance Listing Faces New Doubts
Bybit co-founder and CEO Ben Zhou recently made controversial statements, likening Pi Network to a Ponzi scheme and calling it "more dangerous than meme coins."
Bybit co-founder and CEO Ben Zhou recently made controversial statements, likening Pi Network to a Ponzi scheme and calling it "more dangerous than meme coins."
The downturn coincided with a weak start for U.S. equity markets. The Nasdaq opened the week with a sharp 3% drop, while the S&P 500 declined by 2%, reflecting growing concerns over macroeconomic instability.
The RBI has long maintained a cautious stance on crypto, issuing repeated warnings about its risks. However, this raises another question: If crypto has been such a pressing concern, why has India been slow to act on it?
According to police sources, the fraudsters used online payment platforms such as PhonePe and Paytm to collect funds. The money was then converted into USDT (US Dollar Tokens) via Chinese crypto exchanges, including Binance, before being transferred to undisclosed international accounts.
Despite the turbulence, venture capital (VC) firms have continued to invest heavily in blockchain and crypto startups, particularly in areas such as decentralized physical infrastructure networks (DePINs), Web3 gaming, real-world asset (RWA) tokenization, and derivatives markets.
The announcement triggered a significant rally in the crypto market. XRP spiked 32% to approximately $2.80, while ADA and SOL rose over 20%, crossing the $1 and $160 marks, respectively. BTC saw a 6% increase, trading above $91,000, and ETH climbed nearly 10% to $2,400.
The White House will host its first-ever Crypto Summit on Friday, March 7, an event expected to shape the future…
A key factor contributing to the market's turnaround appears to be a policy shift from the White House. U.S. President Donald Trump is set to host a crypto summit on March 7, bringing together industry leaders, investors, and members of the President's Working Group on Digital Assets.
Cryptocurrency trading is surging in India, with increasing participation from smaller cities, despite regulatory uncertainties and steep taxes. Many young…
Andriunin was among 15 individuals and three companies charged in October as part of "Operation Token Mirrors," an investigation led by the Federal Bureau of Investigation (FBI) aimed at exposing fraudulent activities in the cryptocurrency market.
Among the affected ETFs, Fidelity’s FBTC recorded the largest outflow, with investors withdrawing $344 million. BlackRock’s IBIT followed with $164 million in outflows, while Grayscale’s GBTC saw a net outflow of $66 million.
Pundi AI has officially rebranded its token, marking a significant shift in its blockchain ecosystem. As of February 25, 2025,…
The scam, orchestrated through spoofed websites mimicking legitimate cryptocurrency exchanges, has links to Chirag Tomar, an Indian national currently serving a prison sentence in the United States for a similar fraud.
Active since around 2009, the group has transitioned from traditional espionage to large-scale cybercrime, primarily targeting financial institutions and cryptocurrency exchanges.
Starting February 18, 2025, BNB Chain is introducing the Meme Liquidity Support Program, a new initiative aimed at strengthening memecoins…
The VASP license in Bulgaria aligns with Bitget's strategic expansion across the European Union. The company is actively preparing for compliance with the EU's MiCA framework, which seeks to establish a unified regulatory environment for crypto assets throughout the region.
The appointment has been widely interpreted as potentially positive for the crypto market, with Quintenz's experience and digital asset friendliness adding validity to such expectations.
The market’s volatility has been fueled by a mix of bearish sentiment, macroeconomic pressure, and shifting investor strategies, painting a complex picture for the months ahead.
The bonus structure included mid-year and year-end payouts, with some top-performing employees receiving bonuses equivalent to 50 months of salary. Most employees were awarded bonuses ranging between four to eight months’ salary, aligning with Bitget’s commitment to rewarding staff for their role in the company’s success.
Here are five cryptocurrencies anticipated to list on major exchanges in 2025, based on their innovative concepts, strong presale performances,…
The roundtable will explore the legality of event contracts under the Commodity Exchange Act, potential regulatory adjustments, and consumer protection measures, the CFTC stated on Wednesday.
This repayment process, approved in October 2024 and effective from January 3, 2025, is part of FTX’s broader strategy to address its financial obligations following its collapse in November 2022.
MicroStrategy, the business intelligence firm turned Bitcoin treasury company, has temporarily halted its Bitcoin acquisitions after a 12-week streak of…
The review also coincides with the introduction of new tax policies targeting undisclosed crypto gains. Starting February 1, 2025, profits from crypto investments will be taxed under Section 158B of the Income Tax Act, typically reserved for assets like money, jewelry, and bullion.