Cryptocurrencies exhaled over the weekend after Friday’s steep price plunge as investors continued to chew over the latest inflation data and ongoing macroeconomic uncertainty. The value of Bitcoin has witnessed a 1.25 percent rise in the last 24 hours with its price now right below the $21,500 (roughly Rs. 17.17…
A US bank regulator ordered crypto exchange FTX on Friday to halt what it called “false and misleading” claims the exchange had made about whether funds at the company are insured by the government. The Federal Deposit Insurance Corporation said a July tweet by Brett Harrison, head of FTX’s US…
Cryptocurrencies fell sharply on Friday, with sudden selling dragging Bitcoin to a three-week low. Bitcoin fell as much as 7.7 percent to $21,404 (roughly Rs. 17,10,700) over a few minutes during the European morning, at around 0640 GMT. It recovered slightly then continued its downward trajectory to trade around $21,400 (roughly…
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,…
BlackRock, the world’s biggest asset manager, has launched a spot Bitcoin private trust for institutional clients in the United States, according to a blog post on its website. The trust will track the performance of Bitcoin, offering direct exposure to the price of the digital currency, BlackRock said. “Despite the steep…
The Enforcement Directorate (ED) on Friday said it has frozen bank deposits of Rs. 64.67 crore as part of a money laundering probe against crypto currency exchange WazirX. The federal agency said it conducted raids against a director of Zanmai Lab Private Limited, which owns WazirX, on August 3 in…
London-based crypto firm Blockchain.com said on Thursday it had registered as a virtual asset service provider in Italy, the latest in a string of digital asset firms to do so. Italy created a special registry with its brokerage regulator in February to list crypto operators with a stable presence in…
New York State’s financial regulator has fined the crypto arm of Robinhood $30 million (roughly Rs. 230 crore) for alleged violations of anti-money-laundering, cybersecurity and consumer protection rules. The New York State Department of Financial Services (NYDFS) said on Tuesday that Robinhood Crypto did not devote sufficient resources to address…
Minister of State for Finance Pankaj Chaudhary on Tuesday said the Enforcement Directorate is probing alleged money laundering of Rs 2,790 crore through crypto exchange WazirX. The ED is investigating two cases related to cryptocurrency against WazirX under the provisions of Foreign Exchange Management Act, 1999 (FEMA), he said in a…
Former Pakistan Prime Minister and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan’s official Instagram account was reportedly hacked on Monday. The hacker shared a promotional tweet regarding cryptocurrency from his Instagram account. A link to Tesla CEO Elon Musk’s fake crypto account was also attached to his handle. Imran Khan has…
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