Blockchain & crypto news from India
Bitcoin, the world’s leading cryptocurrency, reached a new all-time high of $71,415 on March 11. This marks a significant milestone for the digital currency, which has been on a relentless upward trajectory in recent months. In the 24 hours leading up to 08:05 am UTC, the price of Bitcoin rose by 2.62%, demonstrating the strong…
The recent FBI report stated that a majority of investment losses were made through crypto-related frauds in the USA in 2023. According to a recent report released by the Federal Bureau of Investigation (FBI), investment losses involving cryptocurrency significantly increased in the year 2023. The report revealed that the losses rose from $2.57 billion in…
Unlocking the potential of cryptocurrency investments, Bitcoin ETFs have recently catapulted the price of Bitcoin and other cryptocurrencies to new highs. First and foremost, what are ETFs? ETF stands for Exchange Traded Fund. Simply put, An ETF is like a stock that pools investments and can be easily bought and sold. ETFs are like mutual…
Recently, Bitcoin made history by surpassing $69,200 in value, marking an all-time high for the digital currency. This was seen as a significant moment for Bitcoin enthusiasts, who have watched the cryptocurrency experience a volatile journey over the years. In addition to the Bitcoin milestone, gold also reached a new all-time high on the same…
Tether has recently launched a recovery tool for stabilising different blockchains as UTSD touches $100 billion market capitalization. Tether, the blockchain-enabled platform that facilitates the issuance of digital currencies, has recently launched a blockchain recovery plan to ensure uninterrupted access to its USDT token. The plan aims to safeguard against any disruptions that may arise…
In a recent statutory instrument released by the UK government it is stated that starting from the end of April, U.K. law enforcement will have the authority to freeze cryptocurrency assets used in illegal activities without requiring a conviction. On February 29th, a document was published that detailed the recent amendments made to the Economic…
On Wednesday, Bitcoin surged to the highest it has been to since November 2021. It rose to just above $64000, before the prices started falling again. The bulls as well as the bears of the market were stunned by the sudden and steep movement in the prices. Bitcoin has risen by more than 20% in…
The latest report from blockchain analysis firm Chainalysis has shed light on the fact that the crypto industry is still grappling with the issue of cybercrimes. According to the report, darknet markets are one of the two categories that have seen an uptick in revenue in 2023. This means that despite the best efforts of…
The Bitcoin marathon is becoming unstoppable as it reaches the mark of $60,000 after a wait of 2 years! It increased significantly over a value of 6% merely in 24 hours as reported by Binance. As per CoinMarketCap data, the world’s first cryptocurrency has witnessed a significant surge of over 13% on the weekly chart…
The cryptocurrency market is shambling due to legal notices sent to some leading crypto exchange platforms by FIU (Financial Intelligence Unit India). According to CoinDCX, within a week of the notice being issued, they have observed an increase of 2,000% in cryptocurrency deposits. On the other hand, Mudrex has recorded deposits worth over $1 million…