Page 3 - Cryptocurrency

Top headlines: CoinDCX raises $135 mn; Lavrov says Ukraine op in new stage

Business Standard brings you the top headlines on Tuesday

Crypto exchange CoinDCX raises $135 mn in funding as valuation tops $2 bn

CoinDCX aims to triple its staff to over 1,000 employees by the end of 2022

Major risks of crypto - money laundering and terror financing: Sitharaman

The Union Minister reached Washington today on an official visit to attend the Spring Meetings at the World Bank, the G20 Finance Ministers meeting and the Central Bank Governor Meeting (FMCBG)

Cryptocurrency payments are frozen across India, hitting trading

Daily trading volumes on Indian crypto exchanges, which collectively cater to about 15 million people, has tumbled by between 88% and 96% since peaking last year, data from CoinGecko show

Opera's Crypto Browser now available for iOS; aims to attract crypto owners

Web browser company Opera has announced that its Crypto Browser for Web3 is now finally rolling out on iPhones and iPads.

US blames North Korean hacker group Lazarus for $625 mn crypto heist

The US has blamed North Korean hacker group Lazarus for stealing $625 million in cryptocurrency from the Ronin Network, owned by developer group Sky Mavis.

CBDC likely to pose risks for financial stability, says World Bank

CBDC differs from traditional central bank money in that it can be digitally created and recorded on centralised or decentralised ledgers

Nexo and Mastercard launch 'world first' crypto-backed payment card

It signals the latest move by crypto and incumbent financial networks to join forces as digital assets become more mainstream

Crypto firm MoonPay raises $87 mn from Bieber, Sharapova, others

The investments are part of the firm's Series A round, disclosed in November last year, which valued the company at $3.4 billion, MoonPay said

Indian crypto exchanges block deposits via state-backed system, stir alarm

The decision by CoinSwitch to halt UPI acceptance resulted from "regulatory uncertainty" after the NPCI statement.

Crypto platform CoinSwitch Kuber temporarily disables rupee deposits

Users of the CoinSwitch mobile app are no longer able to make rupee deposits via Unified Payments Interface (UPI) or bank transfers via NEFT, RTGS, IMPS, and other methods.

Punjab Congress Twitter handle hacked, content on NFT posted

The hackers removed the profile picture and posted a tweet on NFTs

Bitcoin declines below key technical mark as rate concerns mount

US inflation likely accelerated to 8.4% in March, the fastest pace since early 1982, economists surveyed ahead of data due Tuesday predict.

CBI refutes reports claiming FBI team in India to probe 'bitcoin scam'

The statement comes after the Congress on Friday asked whether the FBI is in India to investigate an alleged "Bitcoin scam"

Coinbase is in India for the long-term: CEO Brian Armstrong

Announces UPI-backed crypto trading for Indian users

US Treasury Secretary calls for crypto regulation to reduce risks, fraud

Treasury Secretary Janet Yellen says more government regulation is needed to police the proliferation of cryptocurrency and other digital assets and to ward off fraudulent and illicit transactions.

Binance among investors to bail out victims of $615-mn heist

The Vietnam-based company Sky Mavis, which runs the game Axie Infinity, said last week it had been hit by one of the largest crypto heists on record

Crypto platform Leap raises $3.2 mn in funding from CoinFund, Pantera

The next-generation crypto wallet allows users to transact on the Terra blockchain

Parl panel questions Sebi chief on NSE case, Paytm issue price

Functioning of crypto currency exchanges also came up when Sebi chairperson Madhabi Puri Buch appeared before parliamentary panel on finance, say people in the know

Nearly half of crypto owners first bought digital assets in 2021: Study

Brazil and Indonesia lead the world in crypto adoption, with 41% of people surveyed in those countries reporting crypto ownership