Crypto Assets

WazirX has reached out to projects connected with stolen tokens asking for support during the recovery process. The crypto exchange, which was recently hacked, has confirmed that its ability to maintain 1:1 collateral with assets has been left deeply impacted in the aftermath of the hack.

South Korea has deployed a list of rules to be followed by crypto companies. This legal framework is aimed at controlling and eventually curbing the exploit of crypto assets for illicit activities like money laundering and terror financing.

Crypto platform WazirX, which lost a staggering $234 million worth of digital assets in a cyber breach, on Sunday announced $23 million in bounty to recover the stolen funds.

The European Banking Authority (EBA) has imposed a ‘travel rule’ over crypto firms that aims to reduce instances of money laundering and terror financing using crypto assets, transactions through which often leave no trails that could lead to criminals.

The overall crypto market cap tumbled by 8.32 percent in the last 24 hours. As per CoinGlass, a total of 234,518 traders liquidated $679.38 million (roughly Rs. 5,672 crore) in the last 24 hours – pushing crypto prices down the cliff. BTC and ETH, both recorded substantially large losses in the last 24 hours.

On Thursday, July 4, the Financial Supervisory Service of Korea released a statement alerting all crypto exchanges to ramp up transaction monitoring on their respective platforms. This move from South Korea comes as the country’s Virtual Asset User Protection Act is ready to go into effect on July 19.

The BCBS has given a green light to a ‘disclosure framework’ that will detail how the exposure of banks with crypto assets should go about. The disclosure framework by BCBS directs banks to maintain public records of their crypto engagements and their exposure to these risky assets.

India’s crypto industry saw the entry of a new exchange, Delta, on Thursday, June 27. The exchange, in order to compete with already established players in India, has decided to be the first to offer options trading for crypto assets in the country.

CoinDCX has launched a new Web3 mode within its existing app. Through this new service, the exchange will expose users to over 50,000 decentralised tokens that have not yet been listed on centralised exchanges. The aim is to give the investors ample opportunities to engage with assets showing high-growth potential before these tokens reach broader ...

A total of 43 new cryptocurrencies have been listed on the Giottus crypto exchange. Cryptocurrencies related to decentralised finance (DeFi) protocols, real world assets (RWA), Artificial Intelligence (AI), and memecoins have made it to Giottus’ refreshed list. The exchange is said to have around 300 tokens currently listed for trading. It claims...

Mishaboar, one of Dogecoin’s developers has released a warning asking the investor community to gauge the risks of investing in crypto assets before making any final decision. The Dogecoin developer has expressed his fear that investors who are losing sleep over their crypto investments – may have been overexposed to the sector.

MiCA (Markets in Crypto Assets) draft technical regulations were published by the European Banking Authority (EBA), ahead of the July deadline. The EBA has addressed a number of issues in its MiCA draft technical standards, including those related to liquidity requirements, stress testing programme, asset reserves, and recovery plans.

In its latest report titled ‘The State of Crypto’, Coinbase said 56 percent of the Fortune 500 companies are in some way or the other, testing the blockchain technology. The findings of this the report suggest that on-chain projects, including consumer-facing payments applications, have started to garner attention of these companies.

Brazil’s largest bank Itau Unibanco has opened crypto trading services for its massive userbase of over 60 million. Guto Antunes, the head of Itaú Digital Assets said that the acceptance of the crypto trading service was high. The bank had conducted weekly surveys with the clients that were part of the trials.

The Indian crypto circle has been waiting for FM Sitharaman to revise the tax laws imposed over the crypto sector. Despite the outcry, the finance minister did not announce any taxation relief for the crypto sector while presenting the interim annual budget earlier this year. Her re-appointment to the finance minister’s position has sparked conce...

WazirX has reached out to projects connected with stolen tokens asking for support during the recovery process. The crypto exchange, which was recently hacked, has confirmed that its ability to maintain 1:1 collateral with assets has been left deeply impacted in the aftermath of the hack.

South Korea has deployed a list of rules to be followed by crypto companies. This legal framework is aimed at controlling and eventually curbing the exploit of crypto assets for illicit activities like money laundering and terror financing.

Crypto platform WazirX, which lost a staggering $234 million worth of digital assets in a cyber breach, on Sunday announced $23 million in bounty to recover the stolen funds.

The European Banking Authority (EBA) has imposed a ‘travel rule’ over crypto firms that aims to reduce instances of money laundering and terror financing using crypto assets, transactions through which often leave no trails that could lead to criminals.

The overall crypto market cap tumbled by 8.32 percent in the last 24 hours. As per CoinGlass, a total of 234,518 traders liquidated $679.38 million (roughly Rs. 5,672 crore) in the last 24 hours – pushing crypto prices down the cliff. BTC and ETH, both recorded substantially large losses in the last 24 hours.

On Thursday, July 4, the Financial Supervisory Service of Korea released a statement alerting all crypto exchanges to ramp up transaction monitoring on their respective platforms. This move from South Korea comes as the country’s Virtual Asset User Protection Act is ready to go into effect on July 19.

The BCBS has given a green light to a ‘disclosure framework’ that will detail how the exposure of banks with crypto assets should go about. The disclosure framework by BCBS directs banks to maintain public records of their crypto engagements and their exposure to these risky assets.

India’s crypto industry saw the entry of a new exchange, Delta, on Thursday, June 27. The exchange, in order to compete with already established players in India, has decided to be the first to offer options trading for crypto assets in the country.

CoinDCX has launched a new Web3 mode within its existing app. Through this new service, the exchange will expose users to over 50,000 decentralised tokens that have not yet been listed on centralised exchanges. The aim is to give the investors ample opportunities to engage with assets showing high-growth potential before these tokens reach broader ...

A total of 43 new cryptocurrencies have been listed on the Giottus crypto exchange. Cryptocurrencies related to decentralised finance (DeFi) protocols, real world assets (RWA), Artificial Intelligence (AI), and memecoins have made it to Giottus’ refreshed list. The exchange is said to have around 300 tokens currently listed for trading. It claims...

Mishaboar, one of Dogecoin’s developers has released a warning asking the investor community to gauge the risks of investing in crypto assets before making any final decision. The Dogecoin developer has expressed his fear that investors who are losing sleep over their crypto investments – may have been overexposed to the sector.

MiCA (Markets in Crypto Assets) draft technical regulations were published by the European Banking Authority (EBA), ahead of the July deadline. The EBA has addressed a number of issues in its MiCA draft technical standards, including those related to liquidity requirements, stress testing programme, asset reserves, and recovery plans.

In its latest report titled ‘The State of Crypto’, Coinbase said 56 percent of the Fortune 500 companies are in some way or the other, testing the blockchain technology. The findings of this the report suggest that on-chain projects, including consumer-facing payments applications, have started to garner attention of these companies.

Brazil’s largest bank Itau Unibanco has opened crypto trading services for its massive userbase of over 60 million. Guto Antunes, the head of Itaú Digital Assets said that the acceptance of the crypto trading service was high. The bank had conducted weekly surveys with the clients that were part of the trials.

The Indian crypto circle has been waiting for FM Sitharaman to revise the tax laws imposed over the crypto sector. Despite the outcry, the finance minister did not announce any taxation relief for the crypto sector while presenting the interim annual budget earlier this year. Her re-appointment to the finance minister’s position has sparked conce...