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Taming an unregulated cryptocurrency market is possible only when countries can agree on a standard regulatory framework.
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Most experts agree the North Korean government is using these stolen cryptos to fund its nuclear weapons programmes.
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Canberra: Not long ago, FTX was one of the world’s largest trading platforms for cryptocurrencies. Founded in 2019, the Bahamas-based crypto exchange had a meteoric rise to prominence, and was valued at more than USD 30 billion earlier this year. All that has changed in the past two weeks. First, concerns emerged about links between […]
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RBI has already announced that it will pilot Central bank digital currency, the digital equivalent to the rupee, this year, read here to know what it means.
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Hyderabad: A man was duped of Rs 40 lakh on the pretext of investment in cryptocurrency by fraudsters. The victim, who works in a restaurant, is a resident of old Bhoiguda in Secunderabad. A few weeks ago, he got acquainted with one person on Facebook. The man introduced himself as a businessman trading in cryptocurrency […]
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Hyderabad: A businessman from Mehdipatnam in the city lost Rs.1 crore to cyber fraudsters who conned him into making investments in cryptocurrency trade. According to the police, the victim noticed that his mobile number was added to a WhatsApp group that had several people who are reportedly dealing in cryptocurrency and making huge profits. After […]
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Hyderabad: No man has ever succeeded without experiencing failure. Obstacles and challenges are a part of what makes life fascinating. They are crucial to the course of life. Your genuine potential, talents, and the best parts of you emerge from difficulties and hurdles. However, how hard you worked to overcome hurdles and succeed instead of […]
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Connections across boundaries are becoming faster and stronger as technology continues to advance. While this is wonderful for families, long-distance friends and people with common interests, it also makes it easier for traffickers to search out, recruit and exploit unsuspecting victims without getting caught. Cyber trafficking means online trade of humans for forced labour, sexual […]
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New York: Two Indian brothers and their Indian-American friend have been charged in the US in the first-ever cryptocurrency insider trading scheme in which they made illicit profits totalling over a million dollars. Ishan Wahi, 32, and his brother Nikhil Wahi, 26, are citizens of India and were residing in Seattle while Sameer Ramani, 33, […]
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By Aditya Deshbandhu The last three years have been extremely challenging to gaming fans as they have struggled to find the graphic card they desire owing to the manufacturers’ inability to keep up with the demand. A demand that was constantly rising and impossible to meet owing to the now omnipresent global chip shortage. As […]
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Hyderabad: The lure of cryptocurrency appears to be stronger than the risks involved, even when scores of people in the State capital have been fleeced of crores in the last few months. There have been at least 20 cases of fraud in the name of cryptocurrency investment under the Hyderabad City Police limits alone this […]
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New Delhi: Fake cryptocurrency exchanges have duped Indian investors of more than $128 million (nearly Rs 1,000 crore) as the global crypto market tanks, a new report claimed on Tuesday. Cyber-security company CloudSEK said it has uncovered an ongoing operation involving several phishing domains and Android-based fake crypto applications. “This large-scale campaign entices unwary individuals […]
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San Francisco: Top cryptocurrency Bitcoin (BTC) further nosedived to around $21,000 per coin on Tuesday, a level it saw some five years ago. It was hovering around Rs 20,000-Rs 21,000 per BTC as the global crypto market crashed owing to the weak macroeconomic environment and systemic risk from within the crypto space. Bitcoin has fallen […]
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Kanpur: The Indian Institute of Technology, Kanpur (IIT-K), will provide an indigenously designed tool to help the Uttar Pradesh police in detection and cracking of cases of fraud through cryptocurrency transactions. Professor Sandeep Shukla from IIT-Kanpur, said that the tool developed by IIT, known as HOP, can analyse cryptocurrency transactions. “The tool is cheaper than any […]
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Hyderabad: In yet another cryptocurrency fraud, a city-based businessman lost Rs.10 lakh to fraudsters. The man, a resident of Musheerabad, had got a message on WhatsApp with details of crypto currency trade and a link to join a ‘BTC group’ a week ago. He joined the WhatsApp group through the link and initially invested around […]
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By Gavin Brown, Richard Whittle, Stuart Mills If you had invested £100 ($122) in the cryptocurrency Luna a month ago, you might have been quietly confident you’d made a sensible bet. But Luna’s value has since fallen drastically – on May 13 almost turning zero. Luna was by no means the only victim in a […]
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The biggest risks of the unregulated cryptocurrency market are money laundering and terror financing. It is for this reason that India has made a strong case for regulating cryptocurrencies at a global level. Since the regulation cannot be done by a single country within its terrain, it has to be a global initiative to figure […]
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Helena: For the past year a company that “mines” cryptocurrency had what seemed the ideal location for its thousands of power-thirsty computers working around the clock to verify bitcoin transactions: the grounds of a coal-fired power plant in rural Montana. But with the cryptocurrency industry under increasing pressure to rein in the environmental impact of […]
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New Delhi: The government is working on classification of cryptocurrency as goods or services under the GST law, so that tax can be levied on the entire value of transactions. Currently, 18 per cent Goods and Services Tax (GST) is levied only on service provided by crypto exchanges and is categorised as financial services. GST […]
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Hyderabad: Crypto is the new black and could be here to stay. Even though the world of crypto is still volatile with no clarity on the legality of the digital asset, many youngsters are willing to take the risk, albeit with small amounts. For many, after the stock market, investing in cryptocurrency seems to be […]
