Huobi to Be Acquired by About Capital, Co-Founder Leon Li Sells Stake in Crypto Exchange: All Details

Huobi to Be Acquired by About Capital, Co-Founder Leon Li Sells Stake in Crypto Exchange: All Details

Huobi Global’s controlling shareholder Leon Li has sold his entire stake in the cryptocurrency exchange operator and will cease to be involved in its operations, according to the company. Li sold his holding in Huobi to a buyout firm managed by About Capital Management (HK)Co., the company said in an…

India Has Around 115 Million Crypto Investors, Number May Rise Post Legal Clarity: KuCoin

India Has Around 115 Million Crypto Investors, Number May Rise Post Legal Clarity: KuCoin

Indian government’s restrictive approach towards the crypto sector has hindered, but not been able to entirely fail its expansion in the tech-friendly sub-continent. In a new report, KuCoin crypto exchange has claimed that India currently has over 115 million crypto investors, making for 15 percent of its massive population. Majority…

Suspected Tornado Cash Crypto Mixer Developer Detained by Dutch Authorities: Details

Suspected Tornado Cash Crypto Mixer Developer Detained by Dutch Authorities: Details

Dutch authorities on Friday said they had arrested a 29-year-old man believed to be a developer for the crypto mixing service Tornado Cash, which the United States put on its sanctions list this week. The US sanctions announced on Monday followed allegations that Tornado Cash was helping conceal billions in capital flows,…

India Finalising Consultation Paper on Cryptocurrencies, Says DEA Secretary Ajay Seth

India Finalising Consultation Paper on Cryptocurrencies, Says DEA Secretary Ajay Seth

The government will soon finalise a consultation paper on cryptocurrencies with inputs from various stakeholders and institutions, including the World Bank and the IMF, Economic Affairs Secretary Ajay Seth said on Monday. He also underlined the need for a global response to deal with issues concerning cryptocurrencies as these operate…