Cryptocurrency: News

Cryptocurrency is a digital or virtual asset that is secured using cryptographic keys. Each unit of a cryptocurrency is uniquely identifiable yet interchangeable. Many cryptocurrencies including Bitcoin and Ethereum are based on Blockchain technology— a distributed ledger system that maintains a crowdsourced record of every transaction. Such networks are maintained using peer-to-peer connections over the internet, just like torrents. Blockchain records are also tamper-proof and irreversible. Interestingly, cryptocurrencies are not issued by a central governing body thereby absolving them of scope for government manipulation and interference. The currency can never be converted into a physical equivalent, although it can be traded in exchange for goods and services offered by merchants. Like regular currency, cryptocurrencies are also subject to fluctuations in value based on demand and supply. The supply is generated by a process called “mining” where computers solve increasingly complex has calculations to match cryptographic keys that then unlock units of the cryptocurrency. Mining is also crowdsourced and records for mined currency are combined with transaction records on the currency’s blockchain. Launched in 2009 by an unknown entity/group named Satoshi Nakamoto, Bitcoin is the world’s first open-source decentralized cryptocurrency.

20 Mar 2025

Blockchain

Debt-ridden Pakistan plans to legalize crypto to boost revenue

Pakistan is moving closer to legalizing cryptocurrency trading, newly appointed Pakistan Crypto Council CEO Bilal bin Saqib said.

19 Mar 2025

Netflix

Hollywood director arrested for scamming Netflix out of millions

Hollywood director Carl Erik Rinsch was arrested on Tuesday in West Hollywood on charges of money laundering and fraud.

16 Mar 2025

Bitcoin

US establishes $17B 'Strategic Bitcoin Reserve': How it will work

The United States has created a "Strategic Bitcoin Reserve," an initiative that further highlights President Donald Trump's support for the cryptocurrency space.

14 Mar 2025

Binance USD

Trump family eyes investment in Binance as founder seeks pardon

The Trump family is eyeing an investment in the US division of cryptocurrency exchange, Binance, according to The Wall Street Journal.

13 Mar 2025

Abu Dhabi

Binance raises record $2B from Abu Dhabi's sovereign wealth fund

In a major development, Abu Dhabi's state-owned investment firm MGX has pumped a whopping $2 billion into Binance.

Most wanted crypto kingpin arrested in India—Who is Aleksej Besciokov?

A Lithuanian national and co-founder of cryptocurrency exchange Garantex, Aleksej Besciokov, has been arrested in India.

11 Mar 2025

Bitcoin

Bitcoin hits $79,000—lowest level since Trump's return as President

The cryptocurrency market is witnessing a major sell-off, led by Bitcoin and Ether.

10 Mar 2025

North Korea

Bybit breach: Hackers cash out stolen cryptocurrency worth $300M 

The notorious Lazarus Group, a hacking team believed to be associated with the North Korean government, has cashed out at least $300 million from a recent $1.5 billion crypto theft.

07 Mar 2025

US Government

Why Trump has created a Bitcoin reserve in the US

US President Donald Trump has signed an executive order to create a "Strategic Bitcoin Reserve," as confirmed by David Sacks, White House Crypto and AI Czar, in a post on X.

04 Mar 2025

Bitcoin

Crypto market loses $300B as tariff wars spark sell-off

The cryptocurrency market has taken a massive hit, losing $300 billion in value in a single day.

03 Mar 2025

Bitcoin

Bitcoin surges beyond $95,000 following Trump's US crypto reserve announcement

Bitcoin witnessed a massive surge, crossing the $95,000 mark after US President Donald Trump announced plans for a massive US crypto reserve.

28 Feb 2025

Kajal Aggarwal

'Fake, misleading': Tamannaah Bhatia denies involvement in ₹2.4cr cryptocurrency scam

Actor Tamannaah Bhatia has strongly denied allegations of her involvement in a ₹2.4 crore cryptocurrency fraud case.

28 Feb 2025

Kajal Aggarwal

Tamannaah Bhatia, Kajal Aggarwal to be questioned in cryptocurrency scam

Actors Tamannaah Bhatia and Kajal Aggarwal are reportedly going to be questioned by the Puducherry Police in a cryptocurrency fraud case.

27 Feb 2025

Bitcoin

Bitcoin plunges 20% from peak, hits $83,000 mark

Bitcoin, the world's largest cryptocurrency, has taken a major hit, falling over 5% to hit an intra-day low of $83,740 on Thursday.

27 Feb 2025

Bitcoin

FBI says North Korea behind Bybit hack—world's biggest crypto heist

The Federal Bureau of Investigation (FBI) has accused North Korea of a major cyber theft, stealing around $1.5 billion in digital assets from cryptocurrency exchange ByBit.

24 Feb 2025

Business

Avoid these costly crypto tax mistakes before it's too late 

Cryptocurrency has quickly emerged as a preferred investment choice globally, and India is no exception.

24 Feb 2025

Ethereum

Bybit buys $1.25B in ETH tokens following biggest-ever crypto hack

Leading cryptocurrency exchange Bybit has acquired Ethereum (ETH) tokens worth some $1.25 billion.

22 Feb 2025

North Korea

Hackers steal $1.4B from Bybit in biggest-ever crypto heist

In a shocking development, popular cryptocurrency exchange Bybit has become the victim of the largest crypto theft in history.

17 Feb 2025

Argentina

Argentina's President Javier Milei might be impeached for promoting cryptocurrency 

Argentina's President Javier Milei may be impeached after his endorsement of a cryptocurrency caused massive losses to investors.

07 Feb 2025

Sonu Sood

Arrest warrant against Sonu Sood—Link to ₹10L fraud case explained

A Ludhiana court has issued an arrest warrant against Bollywood actor Sonu Sood in an alleged fraud case.

06 Feb 2025

Android

Beware! This crypto-stealing malware is targeting Android, iOS users

A new malware, dubbed SparkCat, is putting the security of Android and iOS users at risk.

06 Feb 2025

Bitcoin

MicroStrategy rebrands to 'Strategy' as Bitcoin remains core focus

In a major rebranding, MicroStrategy, the top US-based business intelligence firm and biggest corporate holder of Bitcoin, has announced that it will now operate under the name "Strategy."

27 Jan 2025

Bitcoin

'Rich Dad Poor Dad' author predicts market crash in February 

Robert Toru Kiyosaki, the celebrated author of Rich Dad Poor Dad, has predicted a major financial crash.

25 Jan 2025

Bill Gates

Bill Gates backs Elon Musk's Dogecoin vision, fiscal strategy

Former Microsoft CEO and famous philanthropist Bill Gates has publicly endorsed Tesla CEO Elon Musk's fiscal strategy and his support for Dogecoin.

24 Jan 2025

Bitcoin

Bitcoin hits $105,000 after Trump's executive order supporting cryptocurrency

Bitcoin, the world's number one cryptocurrency, has jumped a whopping 3% in value after an executive order from US President Donald Trump.

ED probes Paytm, Razorpay, others over crypto scam worth ₹2,200cr

India's Enforcement Directorate (ED) is now investigating some of the most popular payment gateways, including Paytm, Razorpay, PayU, and Easebuzz.

22 Jan 2025

Bitcoin

US banks ready for crypto payments: Bank of America CEO

Bank of America's CEO Brian Moynihan has said that the US banking industry is ready to adopt cryptocurrencies for payments, if given the green light by regulators.

22 Jan 2025

Bitcoin

Trump pardons Ross Ulbricht, founder of drug marketplace Silk Road

Ross Ulbricht, the notorious operator of the dark web marketplace Silk Road, has been pardoned by President Donald Trump.

20 Jan 2025

Bitcoin

Bitcoin hits all-time high of $109,000 ahead of Trump's inauguration

Bitcoin (BTC), the world's biggest cryptocurrency by market value, has hit an all-time high today, breaching the $109,000 mark.

20 Jan 2025

Donald Trump

Trump's memecoin crashes 50% as wife launches a rival cryptocurrency

Melania Trump, the wife of US President-elect Donald Trump, has launched her own meme coin called $MELANIA.

19 Jan 2025

Donald Trump

Meet $Trump: Donald Trump's cryptocurrency with market value of $5.5B

US President-elect Donald Trump has launched his own cryptocurrency, called $Trump.

18 Jan 2025

Reliance Industries

Mukesh Ambani's Jio Platforms makes entry into cryptocurrency with JioCoin

Reliance Industries's tech arm, Jio Platforms, has launched a reward token called JioCoin.

15 Jan 2025

North Korea

North Korea stole $659M in crypto last year: US government

The United States, South Korea, and Japan have jointly accused North Korean state-backed hackers of stealing over $659 million in cryptocurrency last year.

Robinhood agrees to $45M settlement with SEC: What went wrong?

Robinhood Markets Inc. has reached a $45 million settlement with the US Securities and Exchange Commission (SEC).

07 Jan 2025

CoinSwitch Kuber

WazirX hack: CoinSwitch launches ₹600cr recovery program for affected users

Popular cryptocurrency investment platform CoinSwitch has announced a ₹600 crore recovery initiative called 'CoinSwitch Cares.'

02 Jan 2025

Telegram

Telegram introduces 3rd-party account verification: Here's how it works

Telegram has started the year with a bang, introducing a new account verification method powered by third parties.

31 Dec 2024

Elon Musk

Why Musk changed his name on X to 'Kekius Maximus'

Elon Musk, the tech tycoon famous for his social media shenanigans, has once again caught attention by changing his personal information on X.

27 Dec 2024

Technology

FTX crypto scandal: Why 2 executives are getting early release

Ryan Salame and Caroline Ellison, former executives of the now-defunct cryptocurrency trading platform FTX, have had their prison sentences reduced.

20 Dec 2024

North Korea

North Korean hackers looted cryptocurrency worth whopping $1.3B this year 

Cybercriminals have managed to steal a whopping $2.2 billion from different cryptocurrency platforms in 2024, a new report from Chainalysis has revealed.

17 Dec 2024

Indian Government

Sold cryptocurrency before 2022? You will be taxed less

The Income Tax Appellate Tribunal (ITAT) in Jodhpur has ruled that profits from cryptocurrency sales should be classified as capital gains and not income. This will lead to lower tax liabilities.

16 Dec 2024

Bitcoin

Bitcoin hits record high of $106,493 amid Trump's pro-crypto stance

Bitcoin has hit an all-time high, trading at $106,493 today.

28 Nov 2024

Bitcoin

Welsh man loses $710M in Bitcoin due to ex-girlfriend's blunder

James Howells, a Welsh man is locked in a legal battle to recover his lost Bitcoin fortune now worth an estimated $710 million.

28 Nov 2024

Delhi

Delhi: ED team attacked during raids in cyber fraud case

An Enforcement Directorate (ED) team was attacked while conducting a raid in Delhi's Bijwasan on Thursday.

21 Nov 2024

Business

How one co-founder avoided jail in $11 billion FTX scandal

Gary Wang, the co-founder of FTX, has avoided prison time owing to his extensive cooperation in a case against Sam Bankman-Fried.

15 Nov 2024

Bitcoin

Hacker behind billion-dollar Bitcoin heist gets 5-year sentence

Ilya "Dutch" Lichtenstein, the mastermind behind a major Bitcoin heist, has been sentenced to five years in prison by a Washington federal court after being pleaded guilty last year.

13 Nov 2024

Bitcoin

Bitcoin nears $90,000 mark, market cap now higher than silver 

Bitcoin's latest rally has pushed it beyond silver, making it the eighth biggest asset in the world.

12 Nov 2024

Lawsuits

FTX files $1.8 billion lawsuit against Binance and its ex-CEO

FTX, the now-defunct cryptocurrency firm, has sued Binance and its former CEO Changpeng Zhao.

12 Nov 2024

Bitcoin

Bitcoin on a record-breaking rally, now nearing $90,000 mark

Bitcoin, the world's largest cryptocurrency, is on a record-breaking rally, closing in on $90,000.

11 Nov 2024

Bitcoin

Bitcoin surges past $81,000 mark for the first time

Bitcoin, the world's largest cryptocurrency, has seen a massive spike in value, breaching the $81,000 mark for the first time.