Cryptocurrency In 2022
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Racial Bias in Web3, Blockchain Boom in Indian Entreprises: Interview With Polygon’s Sandeep Nailwal
Along the sidelines of the recently concluded India Blockchain Week 2024, Polygon co-founder Sandeep Nailwal discussed a variety of topics with Gadgets360. In our chat, Nailwal gave us his take on the racial bias allegedly prevalent in the global Web3 arena while also voicing an opinion on India’s Web3 market, Polygon’s future plans, and ur...
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US Court Reverses Sanctions Against Tornado Cash: All You Need to Know
A US federal court has overturned the 2022 sanctions against Tornado Cash. The Fifth Circuit Court in New Orleans ruled that immutable smart contracts do not qualify as property, making them ineligible for sanctions under existing laws.
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Crypto Taxes Generated $78 Million in Kenya, Authorities Target Over $460 Million
Between 2023 and 2024, the Kenya Revenue Authority collected taxes from 384 digital asset dealers. Over the next five years, the KRA aims to raise KES 60 billion (roughly $464 million) from participants in Kenya’s Web3 ecosystem.
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FTX Sues Binance and Ex-CEO Zhao, Seeking $1.8 Billion Clawback
FTX is seeking to claw back almost $1.8 billion it alleges was fraudulently transferred by Sam Bankman-Fried. Binance, Zhao and other Binance executives received the funds as part of a July 2021 share repurchase deal with Bankman-Fried, the FTX co-founder who is now in prison.
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North Korea’s BlueNoroff Group Reportedly Targeting Crypto Community Members on MacOS
According to SentinelLabs, North Korea's BlueNoroff group is distributing fake crypto news to lure users into downloading infected multi-storage malware onto their MacBook. Earlier in September, the FBI reported that crypto consumers lost over $5.6 billion (roughly Rs. 47,029 crore) to cryptocurrency-related fraud last year.
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JPMorgan Rebrands Blockchain Division from ‘Onyx’ to ‘Kinexys’ and Unveils New Features
JPMorgan has rebranded its blockchain unit, originally known as ‘Onyx,’ to ‘Kinexys,’ reflecting its strategic vision for Web3 adoption. The rebranding introduces a suite of new financial products and services, placing blockchain technology at the core of its offerings.
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Crypto-Friendly Dubai Issues Cease-and-Desist Orders Against Seven Entities, Here’s Why
Dubai is now identifying illegal crypto entities operating within its region. VARA released a statement on the situation this week, claiming that this move is aimed at strengthening its enforcement programme against law evaders. The authority, however, has not disclosed the names of the entities in question.
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Retail Investors Express Interest in Crypto, Yet Market Volatility and Fraud Risks Deter Participation: IOSCO Report
In a report, IOSCO noted that even in 2022, when the crypto sector's valuation fell below $1 trillion (roughly Rs. 1,67,09,363 crore), retail investors continued to invest in crypto assets. This trend was observed not only among retail investors in advanced economies but also among those in emerging markets.
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Mark Zuckerberg’s Metaverse Gamble Pays Off With $201 Billion Fortune
Buoyed by a record-high Meta Platforms Inc. share price, Zuckerberg’s net worth has climbed almost sixfold in less than two years to $201 billion (roughly Rs. 16,86,617 crore), the first time he’s exceeded the $200 billion mark (roughly Rs. 16,78,226 crore), according to the Bloomberg Billionaires Index. He’s moved to fourth place on the list...
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Dubai's VARA Announces Stricter Regulations for Crypto Marketing
Dubai’s Virtual Asset Regulatory Authority (VARA) has announced that marketing content related to digital assets should carry a disclaimer notifying people that engaging with digital assets could be financially risky.
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Cardano Ecosystem Steps into Decentralised Governance Era with ‘Chang’: All Details
Cardano recently completed its Chang upgrade, granting ADA token holders the ability to participate in electing representatives and vote on development-related matters.
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RBI's CBDC Yet Another Step in Taking Indian Payments Ahead, JPMorgan Blockchain Head Says
RBI's approach towards exploring the inclusion of the eRupee into the existing financial system has garnered applaud from Maveen Mallela, the global co-head of JPMorgan’s blockchain and digital currency unit called ‘Onyx’. The CBDCs is yet another step in taking Indian payments ahead, he said.
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US CFTC Orders Fallen Crypto Exchange FTX to Pay $12.7 Billion to Customers
The CFTC agreement resolves a potential roadblock to that repayment, ensuring that the government's lawsuit against FTX will not reduce the funds available to its customers. The CFTC agreed not to collect any payment from FTX until all its customers are repaid, with interest.
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Google Pay, PhonePe Other Payment Firms Seek to Join RBI's CBDC Pilot, Said to Offer eRupee Transactions
The RBI has started onboarding UPI platforms like Google Pay and PhonePe to the advanced trials of the eRupee CBDC. Payment firms are working closely with the RBI and National Payments Corporation of India (NPCI), the domestic payments authority, and are expected to roll out access to e-rupee over the next three-to-four months
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Rs 2,500 Crore Crypto Scam Key Accused Arrested By Himachal Pradesh Police
The Himachal Pradesh Police has arrested one of the masterminds of a Rs 2,500-crore cryptocurrency scam, which was unearthed in the state in 2022, from Kolkata, officials said on Thursday.
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Racial Bias in Web3, Blockchain Boom in Indian Entreprises: Interview With Polygon’s Sandeep Nailwal
Along the sidelines of the recently concluded India Blockchain Week 2024, Polygon co-founder Sandeep Nailwal discussed a variety of topics with Gadgets360. In our chat, Nailwal gave us his take on the racial bias allegedly prevalent in the global Web3 arena while also voicing an opinion on India’s Web3 market, Polygon’s future plans, and ur...
-
US Court Reverses Sanctions Against Tornado Cash: All You Need to Know
A US federal court has overturned the 2022 sanctions against Tornado Cash. The Fifth Circuit Court in New Orleans ruled that immutable smart contracts do not qualify as property, making them ineligible for sanctions under existing laws.
-
Crypto Taxes Generated $78 Million in Kenya, Authorities Target Over $460 Million
Between 2023 and 2024, the Kenya Revenue Authority collected taxes from 384 digital asset dealers. Over the next five years, the KRA aims to raise KES 60 billion (roughly $464 million) from participants in Kenya’s Web3 ecosystem.
-
FTX Sues Binance and Ex-CEO Zhao, Seeking $1.8 Billion Clawback
FTX is seeking to claw back almost $1.8 billion it alleges was fraudulently transferred by Sam Bankman-Fried. Binance, Zhao and other Binance executives received the funds as part of a July 2021 share repurchase deal with Bankman-Fried, the FTX co-founder who is now in prison.
-
North Korea’s BlueNoroff Group Reportedly Targeting Crypto Community Members on MacOS
According to SentinelLabs, North Korea's BlueNoroff group is distributing fake crypto news to lure users into downloading infected multi-storage malware onto their MacBook. Earlier in September, the FBI reported that crypto consumers lost over $5.6 billion (roughly Rs. 47,029 crore) to cryptocurrency-related fraud last year.
-
JPMorgan Rebrands Blockchain Division from ‘Onyx’ to ‘Kinexys’ and Unveils New Features
JPMorgan has rebranded its blockchain unit, originally known as ‘Onyx,’ to ‘Kinexys,’ reflecting its strategic vision for Web3 adoption. The rebranding introduces a suite of new financial products and services, placing blockchain technology at the core of its offerings.
-
Crypto-Friendly Dubai Issues Cease-and-Desist Orders Against Seven Entities, Here’s Why
Dubai is now identifying illegal crypto entities operating within its region. VARA released a statement on the situation this week, claiming that this move is aimed at strengthening its enforcement programme against law evaders. The authority, however, has not disclosed the names of the entities in question.
-
Retail Investors Express Interest in Crypto, Yet Market Volatility and Fraud Risks Deter Participation: IOSCO Report
In a report, IOSCO noted that even in 2022, when the crypto sector's valuation fell below $1 trillion (roughly Rs. 1,67,09,363 crore), retail investors continued to invest in crypto assets. This trend was observed not only among retail investors in advanced economies but also among those in emerging markets.
-
Mark Zuckerberg’s Metaverse Gamble Pays Off With $201 Billion Fortune
Buoyed by a record-high Meta Platforms Inc. share price, Zuckerberg’s net worth has climbed almost sixfold in less than two years to $201 billion (roughly Rs. 16,86,617 crore), the first time he’s exceeded the $200 billion mark (roughly Rs. 16,78,226 crore), according to the Bloomberg Billionaires Index. He’s moved to fourth place on the list...
-
Dubai's VARA Announces Stricter Regulations for Crypto Marketing
Dubai’s Virtual Asset Regulatory Authority (VARA) has announced that marketing content related to digital assets should carry a disclaimer notifying people that engaging with digital assets could be financially risky.
-
Cardano Ecosystem Steps into Decentralised Governance Era with ‘Chang’: All Details
Cardano recently completed its Chang upgrade, granting ADA token holders the ability to participate in electing representatives and vote on development-related matters.
-
RBI's CBDC Yet Another Step in Taking Indian Payments Ahead, JPMorgan Blockchain Head Says
RBI's approach towards exploring the inclusion of the eRupee into the existing financial system has garnered applaud from Maveen Mallela, the global co-head of JPMorgan’s blockchain and digital currency unit called ‘Onyx’. The CBDCs is yet another step in taking Indian payments ahead, he said.
-
US CFTC Orders Fallen Crypto Exchange FTX to Pay $12.7 Billion to Customers
The CFTC agreement resolves a potential roadblock to that repayment, ensuring that the government's lawsuit against FTX will not reduce the funds available to its customers. The CFTC agreed not to collect any payment from FTX until all its customers are repaid, with interest.
-
Google Pay, PhonePe Other Payment Firms Seek to Join RBI's CBDC Pilot, Said to Offer eRupee Transactions
The RBI has started onboarding UPI platforms like Google Pay and PhonePe to the advanced trials of the eRupee CBDC. Payment firms are working closely with the RBI and National Payments Corporation of India (NPCI), the domestic payments authority, and are expected to roll out access to e-rupee over the next three-to-four months
-
Rs 2,500 Crore Crypto Scam Key Accused Arrested By Himachal Pradesh Police
The Himachal Pradesh Police has arrested one of the masterminds of a Rs 2,500-crore cryptocurrency scam, which was unearthed in the state in 2022, from Kolkata, officials said on Thursday.
