Cryptocurrency

Cryptocurrency News

WazirX Offers $23 Million to Hacker to Return Stolen Funds, Users Remain Concerned

In conversation with Gadgets360, WazirX user Sana Afreen said while this bounty brings hope for relief, the scope of actually being able to trace the funds needs to speed up..

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Cryptocurrency News

Indian Crypto Exchanges Reveal Repercussions of the WazirX Hack Aftermath on Their Platforms

In the aftermath of this hack attack, prices of majority cryptocurrency including Bitcoin and Ether recorded notable reductions on Indian exchanges. As of now, the financial authorities of India have.

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Cryptocurrency News

Binance Tightens Oversight of Its Services, Offers Rewards for Reporting Misuse

Binance’s internal analyses showed that some of its features and services were being exploited to fetch unfair advantages. Binance’s reward amount for users reporting potential crimes will be determined per.

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Crypto Industry Criticises Lack of Bank Support for Cryptocurrencies, Asks RBI to Define Crypto-Banking Relations

The request comes shortly after the Basel Committee’s decision to released a ‘disclosure framework’ for banks dealing with crypto transactions. India’s crypto sector says the RBI should take the first.

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Bihar Officials Plan State-Wide Uniform Blockchain for IT, E-Governance Uses, Invites Bidders

Bihar authorities have asked reputed IT firms to submit their proposals to develop this infrastructure. The companies that wish to apply as a developer for the BBSI have until August.

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Crypto Airdrops Spur Use of Web3 Wallets as Blockchain Gaming, DeFi Growth Slows: Report

dApps related to social media and networking jumped by 66 percent in Q2 2024, according to DappRadar. DeFi’s total value locked dropped from $175 billion in Q1 to $168 billion.

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RBI Releases Financial Stability Report With Mention of DeFi, US Efforts to Regulate Crypto Sector

The RBI’s latest report also discusses efforts by global regulatory bodies to examine the latest developments in the DeFi sector. The RBI has lauded the US SEC for approving the.

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Reducing 1 Percent TDS on Crypto Transactions Can Fetch Over Rs. 5,000 Crore for India by 2027: Report

Since 2022, India has been levying 30 percent taxe on all crypto gains. In addition, it deducts one percent TDS on every crypto transaction. Through TDS, India wishes to maintain.

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‘Provide a Level Playing Field for Web3 Businesses’: BWA to FM Nirmala Sitharaman

The BWA is concerned that if India delays the creation of a lucrative ecosystem for Web3, it could miss out on profitable and technical opportunities. From three percent in 2018,.

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Cryptocurrency News

Giottus Exchange Lists 43 New Cryptocurrencies in India, Pumps Total Token Count to 300

Giottus claims to have registered with India’s Financial Intelligence Unit (FIU) — which was recently mandated by the Centre. Founded in 2017 by IIM Calcutta alumni, Giottus is headquartered in.

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