Cryptocurrency | Page 2

There has been a substantial increase in the encroaching of Rexas Finance (RXS) into the space of tokenization of real-world assets (RWA) over these years, which has transformed the dynamics of how investors relate physical assets with blockchain.

India has emerged as a global leader in the crypto space, with its involvement in international operations surging in recent years, fueled by a large user base, a deep talent pool, and the growing digitalisation

Notably, based on the penalty imposed on Binance and KuCoin, the potential crypto exchanges can be expected to pay a heavy fine

The rise in female retail cryptocurrency investors and why the ecosystem needs more of them

Binance boasts a daily volume of USD 76 billion daily trading volume as of August 2022, and 90 million customers worldwide

A non-custodial wallet means you are responsible for storing and managing your private keys, rather than third parties. Self-custody eliminates the potential for fraud, negligence, or regulatory failure when a counterparty controls a person's funds

Multiple reports suggest that firms such as Tesla and Microstrategy amongst others, are building portfolios with investments in Bitcoin and other crypto assets

This comes when the Indian ecosystem grapples with the loss of USD 230M from WazirX's multi-sig account. Attempts are being made to retrieve the siphoned amount

According to the CEO, yesterday was one of the highest trading volume days in 2024 for Binance

The decision to create the fund comes after fellow competitor WazirX lost USD 230M amid a cyberattack. The move solidifies CoinDCX's commitment to the ecosystem and its users

From lack of ownership in assets lost to playing the blame game, WazirX is at the receiving end of heavy criticism

Nityanand Rai, Minister of State for Home Affairs of India said that a special task force has been constituted to monitor suspicious transactions

The crypto startup is seeking help from white hat hackers, blockchain forensics experts, and cybersecurity professionals to recover the assets.

With the siphoning of USD 234.9 million in crypto, what's next for the industry, its users, and government?

It has put INR and crypto withdrawal on a temporary pause. The compromised funds include approximately USD 100 million in Shiba Inu (SHIB), USD 52 million in Ethereum (ETH), and USD 11 million in Polygon (MATIC). With the remaining being in Floki, Fantom, Chainlink, and Fetch.ai

After a stellar Q1 (January-March) performance, crypto dipped in Q2 (April-June). The total crypto market capitalization dropped minus 14.4 per cent (USD 408.8 billion) to end 2024 Q2 at USD 2.43 trillion

Notably, BitOasis boasts of the highest trading volume in Emirati Dirhams

KoinX's advanced technology enables users to calculate crypto tax liabilities accurately and efficiently, supporting over 25,000 crypto assets, NFTs, mining, and DEXes

With this, Delta Exchange claims to have become India's first and only platform to offer Options trading on Bitcoin (BTC), Ethereum (ETH), and more crypto assets

In April, it reinstated its India operations along with crypto exchange KuCoin on the condition of paying a penalty after a hearing with the FIU

The harsh treatment of 30 per cent tax on profit and one per cent VDA coupled with India's decision to not yet ban the currency has left many in a fix. So, what does the coming times mean for crypto players in India