ED has taken possession of frozen crypto assets worth close to ₹ 90 crore, earlier kept in 70 accounts maintained with Binance, ZebPay, and WazirX. | Photo Credit: – The Enforcement Directorate has taken possession of frozen crypto assets worth close to ₹ 90 crore, earlier kept in 70 accounts maintained with Binance, ZebPay, and … Read more
After a quick recovery on the weekend, the crypto market was back in the red on Monday, reminding of the dreary days of September, when inflation and recession worries hurt the markets most. Bitcoin was holding the $19,000-mark, whereas Ethereum slipped below the $1,300-mark. Cryptos tracked equities markets, which were moving dismally amid rising fears. … Read more
New Delhi: In a major relief to crypto exchange WazirX, Enforcement Directorate (ED) unfroze its bank accounts, which were earlier blocked to investigate money laundering acts. That said, the agency would continue to probe the matter. In a media release on Monday, the crypto exchange said that its bank accounts have been unfrozen after a … Read more
India’s decision to impose a 30% tax on profits from cryptocurrency trading is turning out to be a boon for the country’s digital-asset exchanges. Binance-owned WazirX, India’s largest crypto bourse, has seen daily sign-ups on its platform jump almost 30% since Feb. 1, when the government unveiled the levy on the transfer of digital assets … Read more
Chennai: In the absence of regulation, cryptocurrency exchanges in India are not being able to get insurance protection against cyber risks like ransomware attacks and business interruption. This is primarily because the RBI, which places a higher risk for the insurance underwriter, does not recognise cryptocurrencies. A senior executive at Future Generali India Insurance said … Read more
The Indian crypto universe is in a FUD. Fear, Uncertainty and Doubt (FUD) took over Indian investors in crypto assets on Wednesday as Bitcoin, the world’s most valuable and best-known crypto token, posted its biggest single-day fall in nearly a year. After Tesla Inc’s founder Elon Musk said last Thursday that the electric vehicles maker … Read more