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…
Hackers are increasingly targeting financial firms such as banks and trading houses with attacks designed to use their computer systems to mine cryptocurrencies, according to cybersecurity firm SonicWall. The number of so-called cryptojacking attacks on financial companies more than tripled in the first half from a year earlier, SonicWall said…
FTX said on Friday it was planning to offer Voyager Digital’s customers access to some of their funds, the latest relief measure by the Sam Bankman-Fried-led cryptocurrency exchange for the ailing crypto industry. Under the plan, Alameda Ventures, the trading firm also founded by Bankman-Fried, would purchase all of Voyager’s…
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