Cryptocurrency

Cryptocurrency News

Delhi: Hackers demand Rs 200 crore in cryptocurrency from AIIMS as server remains down for sixth day
India

Delhi: Hackers demand Rs 200 crore in cryptocurrency from AIIMS as server remains down for sixth day

Sources told PTI that internet services are blocked on computers at the hospital on the recommendations of the investigating agencies. The AIIMS server has stored data of several VIPs, including former prime ministers, ministers, bureaucrats and judges

Why is a giant sculpture of Elon Musk on a goat being paraded in Texas?
World

Why is a giant sculpture of Elon Musk on a goat being paraded in Texas?

The owners of a cryptocurrency firm called Elon Goat Token have spent a whopping $600,000 on a sculpture of Elon Musk that shows his head attached to the body of a goat, wearing a Dogecoin necklace and riding a rocket. It is intended to convey that the billionaire is the Greatest Of All Time (GOAT)

Why imparting financial literacy to kids to develop money personality in them is important
Business

Why imparting financial literacy to kids to develop money personality in them is important

With easy access to products and services, kids are not only prone to spending more but are also vulnerable to online frauds

FTX’s rise and fall: What went wrong, what happens next, what this means for crypto world
Explainers

FTX’s rise and fall: What went wrong, what happens next, what this means for crypto world

FTX was founded in 2019 by ex-Wall Street trader Sam Bankman-Fried and ex-Google employee Gary Want. Witnessing incredible growth from its inception, FTX was valued at $32 billion in January. Now, it has filed for bankruptcy in what is expected to be one of the biggest downfalls in recent history

Explained: What's next for crypto after the epic collapse of Sam Bankman-Fried's FTX Exchange
Business

Explained: What's next for crypto after the epic collapse of Sam Bankman-Fried's FTX Exchange

FTX confirmed unauthorised access to its accounts on Saturday, just hours after filing for Chapter 11 bankruptcy protection. The unravelling of the once-giant exchange is sending shockwaves through the industry

'Unauthorized access': Funds vanish at bankrupt cryptocurrency trading firm FTX; probe underway
World

'Unauthorized access': Funds vanish at bankrupt cryptocurrency trading firm FTX; probe underway

Until recently, FTX was one of the world's largest cryptocurrency exchanges. It was already short billions of dollars when it sought bankruptcy protection Friday and its former CEO and founder, Sam Bankman-Fried, resigned

RBI to launch India’s first digital rupee project: What is a CBDC and how will it work?
Business

RBI to launch India’s first digital rupee project: What is a CBDC and how will it work?

The Reserve Bank of India will roll out the digital rupee for the wholesale segment today as part of its pilot project. The digital rupee (CBDC) will give a big boost to the economy and positively change the banking scenario of the country

Delhi: 36-year-old held for duping man of Rs 17 lakh on pretext of investing in cryptocurrency
India

Delhi: 36-year-old held for duping man of Rs 17 lakh on pretext of investing in cryptocurrency

Police said Rs 3,84,897 was freezed in the bank accounts. Five debit cards and two cheque books of different banks were recovered from the accused

‘Cryptocurrencies, such as Bitcoin, are decentralised Ponzi scheme’
Business

‘Cryptocurrencies, such as Bitcoin, are decentralised Ponzi scheme’

Jamie Dimon said ‘stablecoins’ were better options to crypto, if better regulated, since they were tied to the value of dollar

Explained: Why Ethereum, the second most valuable cryptocurrency, is ditching its ‘miners’
World

Explained: Why Ethereum, the second most valuable cryptocurrency, is ditching its ‘miners’

Mining requires enormous computing power, which translates to huge energy consumption and, in many areas, greater greenhouse gas emissions at older power plants

Explained: Why El Salvador's Bitcoin experiment has proven to be a spectacular failure
World

Explained: Why El Salvador's Bitcoin experiment has proven to be a spectacular failure

A year ago, El Salvador became the first country to make Bitcoin legal tender. However, today just 20 per cent of the population use it for transactions, making it a cautionary tale of what happens when a country adopts a cryptocurrency

What is SharkBot malware and how to protect yourself against it?
News & Analysis

What is SharkBot malware and how to protect yourself against it?

The malware would even manage to steal the two-factor authentication key on the apps it targeted and was found to have downloaded over 100,000 times.

‘ISIS terrorist’ Mohsin Ahmed: 10 things we know so far about the Jamia student NIA has arrested
India

‘ISIS terrorist’ Mohsin Ahmed: 10 things we know so far about the Jamia student NIA has arrested

The NIA arrested Ahmed during a search operation conducted at his house at Japani Gali, Jogabai Extention, Batla House, New Delhi

United States: Two Indians, friend charged in first ever cryptocurrency insider trading scheme
World

United States: Two Indians, friend charged in first ever cryptocurrency insider trading scheme

Ishan Wahi, 32, and his brother Nikhil Wahi, 26, are citizens of India and were residing in Seattle while Sameer Ramani, 33, resides in Houston

India's scepticism about cryptocurrency vindicated by global trends, saved investors from ruin, say experts
Business

India's scepticism about cryptocurrency vindicated by global trends, saved investors from ruin, say experts

According to cryptocurrency data aggregator CoinGecko, the total market cap of cryptocurrencies has shrunk by more than a third, down to around $930 billion from a high of about $3 trillion reached in November 2021

Chhattisgarh: Accounts of three Chinese nationals frozen in crypto fraud
India

Chhattisgarh: Accounts of three Chinese nationals frozen in crypto fraud

The action was taken based on a complaint lodged by one Dr Abhishek Pal, a resident of Rajnandgaon, who alleged that he had lost Rs 81 lakh after a Chinese woman lured him into investing in a cryptocurrency scheme by promising him three-fold returns

Cryptos can lead to dollarisation of economy: RBI officials to par panel
Business

Cryptos can lead to dollarisation of economy: RBI officials to par panel

There are an estimated 15 million to 20 million crypto investors in India, with total crypto holdings of around USD 5.34 billion

Bitcoin plunges below $30,000, lowest since July 2021
World

Bitcoin plunges below $30,000, lowest since July 2021

The world's largest digital token fell as much as 3.1 per cent to $29,992 in Asian trading. Ether fell as much as 3.7 per cent, while Solana dropped 8.2 per cent and Avalanche dipped 10.4 per cent

How a job scam revealed Rs 3,000 crore money laundering via cryptocurrencies
India

How a job scam revealed Rs 3,000 crore money laundering via cryptocurrencies

Money from this racket has already been siphoned off to countries like China and the Philippines using cryptocurrency wallets like Binance, Smart Cont, OK Coin, etc

Biggest risk of cryptocurrency for all countries will be money laundering, it being used for financing terror: Sitharaman
World

Biggest risk of cryptocurrency for all countries will be money laundering, it being used for financing terror: Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday participated in a high-level panel discussion on 'Money at a Crossroad' hosted by Kristalina Georgieva, Managing Director, IMF