Blockchain & crypto news from India
The Wintermute hack is the latest bug exploit that adds more booty to the overall tally of $1.9 billion worth of cryptocurrencies stolen in 2022. The UK based exchange operates in the De-Fi space, where market makers like Wintermute provide liquidity to big exchanges. Wintermute now owes millions to its debtors. Crypto wallets and addresses…
The Markets in Crypto Assets (MiCA) law has been finalized by the European Union. Although the text is still officially up for comments, insiders briefed on the negotiations have told CoinDesk that it has been completed. The bill’s provisions may even apply to some assets classified as non-fungible tokens, according to a leaked draft that…
India recently imposed a string of taxes on crypto-transactions, but the industry looks positively on the near prospects of adopting blockchain. The finance minister Nirmala Sitharaman recently addressed the FICCI event and stated that the new few years will see a rise of blockchain adoption. The increase is estimated at around 46% as per the…
In 2022, Kaspersky Solutions detected 40,788 new modifications of miners. According to Kaspersky Security Network data, in the African region, the number of home users affected by crypto miners in Q2 of 2022 decreased slightly compared to the previous quarter. However, the possibility of a surge in crypto mining attacks persists and could be directly…
Three recent big developments in world adoption of cryptocurrency indicate more and more interest in offering services to crypto investors. The developments come from Israel, France, and Estonia, supported by news from Russia and the US. Israel had renewed its crypto legal rules back in 2016, and has now granted a license to crypto exchange…
In order to allow users to trade, buy, and hold more than 60 different cryptocurrencies on the exchanges, the largest cryptocurrency exchange in Eastern Europe, Zonda, has announced its expansion to Denmark. As part of its vision to rule the continent, Zonda, one of the biggest cryptocurrency trading platforms in Eastern and Central Europe, recently…
Changpeng Zhao, called CZ, the founder and CEO of Binance, gave a speech at the Binance Blockchain Week Paris 2022. In his speech, CZ praised the “excellent” MiCA (Market in Crypto Assets) planned crypto regulations for Europe. The restrictions were a touch too stringent, according to the founder of the biggest cryptocurrency exchange in the…
There is an ongoing race to build national digital currencies, and a recent IMF report states that around 100 countries are in various stages of developing their CBDCs or central bank digital currencies. India too has officially announced its CBDC plans in the recent budget in 2022, and the Indian CBDC is expected to be…
Volatility is not a new phenomenon to crypto investors. While it may signal fear in some investors, wise investors position early and “sell the news”. This week will be an eventful week for crypto investors and we may likely experience high volatility in price action. These two events will be the likely cause of volatility:…
In the case of cryptocurrencies, abuse increases with use, according to Europol, which also noted that blockchain technology give law enforcement a new way to combat crime. The law enforcement organization in Europe claims it can assist in the investigation of money laundering networks. Following a recent meeting with cryptocurrency experts, financial investigators, regulators, and…