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Bybit Hit by Crypto’s Worst Hack With Almost $1.5 Billion Stolen
Bybit said it was hacked, resulting in what analysts estimate was the loss of almost $1.5 billion (roughly Rs. 13,008 crore) worth of tokens. The Dubai-headquartered platform, which is not available in the US, had roughly $16.2 billion (roughly Rs. 1,40,489 crore) in assets on its exchange prior to being hacked.
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Trumps Memecoin Can Now Be Used to Buy Watches and Sneakers
Donald Trump's memecoin had a total market cap of $5.4 billion on Tuesday afternoon in New York.
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US President Donald Trump Signs Executive Actions Related to Crypto, AI
The crypto order creates a working group to advise the White House on digital asset policies and will include the involvement of key federal agencies, like the Treasury Department, Justice Department, Securities and Exchange Commission and the Commodity Futures Trading Commission.
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US President-Elect Donald Trump Said to Plan Elevation of Cryptocurrency as a National Priority
The order is expected to name crypto as a national imperative or priority — strategic wording intended to guide government agencies to work with the industry, according to people familiar with the matter.
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Banks Want In on Tether’s Billions in Stablecoin Profits
Traditional banks are seemingly taking efforts to experiment with stablecoins after Tether boasted of billions in profits. Earlier this year, Societe Generale - Forge made its Euro-backed stablecoin. Oddo BHF SCA and London-based Revolut are also working on stablecoins.
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Government Report Suggests Food Inflation May Ease In Months Ahead
"A bumper kharif (summer crop) harvest is expected to lower food inflation in the coming months," the report said.
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Wash Trading Remains ‘Widespread’ in DeFi, Researcher Kaiko Says
The wash trading strategy used to boost the FBI-created token NexFundAI remains a common practice on decentralised-finance exchanges (dexes), and can be encountered on certain centralised exchanges as well, according to researcher Kaiko.
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Crypto Fraud Increased 45 Percent in 2023 to $5.6 Billion, FBI Says
The FBI Internet Crime Complaint Center received nearly 69,500 complaints from consumers in the US and abroad last year. Call center frauds, such as government impersonation scams, accounted for about 10 percent of cryptocurrency losses.
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Centre Approves MSP For 14 Crops, Says It Is 1.5 Times Cost Of Production
In a major decision, the Union Cabinet has approved a minimum support price of at least cost plus 50% for 14 crops ahead of the Kharif sowing season. The minimum support price of paddy has been increased by Rs 117.
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Ethereum's Dencun Upgrade Expected to Dramatically Lower Costs for Layer 2 Blockchains
Using the world’s most commercially successful blockchain ecosystem is about to get much cheaper after the latest software upgrade of the Ethereum network. The upgrade is being hailed as the most significant change in Ethereum ecosystem’s end user experience ever — and it will be much more noticeable to consumers than the well-known September...
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Karnataka Seeks Rs 17,901 Crore Drought Relief Funds From Centre
The Karnataka government today demanded Rs 17,901.73 crore in funds from the Centre to compensate farmers affected due to drought in the Kharif season this year.
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Binance Removes US CEO, Fires Over 100 Employees Amid Crypto Crackdown
Binance US Chief Executive Officer Brian Shroder has left the crypto trading platform and been replaced on an interim basis by Chief Legal Officer Norman Reed, according to a company spokesperson.
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Kharif Harvest, Centre's Interventions Helped Contain Inflation: RBI
Inflation's upward pressures in the country on food items receded in the second half of the year 2022-23, with the robust kharif harvest and seasonal fresh crop arrivals as well as some easing in global food prices, the Reserve Bank of India said.
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El Nino Impact: Centre Asks States To Ensure Enough Seeds For Kharif Sowing
Amid concerns over possible impact of evolving El Nino conditions on monsoon rains, the Centre advised states to be prepared for "worst situation" and ensure adequate availability of seeds for kharif sowing season in case of less rainfall.
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Centre's Paddy Procurement For Kharif Marketing Season Rises 12% Till October
The government's paddy procurement for the central pool rose 12 per cent to 170.53 lakh tonnes till October of the ongoing 2022-23 kharif marketing season, according to the food ministry data.
-
Bybit Hit by Crypto’s Worst Hack With Almost $1.5 Billion Stolen
Bybit said it was hacked, resulting in what analysts estimate was the loss of almost $1.5 billion (roughly Rs. 13,008 crore) worth of tokens. The Dubai-headquartered platform, which is not available in the US, had roughly $16.2 billion (roughly Rs. 1,40,489 crore) in assets on its exchange prior to being hacked.
-
Trumps Memecoin Can Now Be Used to Buy Watches and Sneakers
Donald Trump's memecoin had a total market cap of $5.4 billion on Tuesday afternoon in New York.
-
US President Donald Trump Signs Executive Actions Related to Crypto, AI
The crypto order creates a working group to advise the White House on digital asset policies and will include the involvement of key federal agencies, like the Treasury Department, Justice Department, Securities and Exchange Commission and the Commodity Futures Trading Commission.
-
US President-Elect Donald Trump Said to Plan Elevation of Cryptocurrency as a National Priority
The order is expected to name crypto as a national imperative or priority — strategic wording intended to guide government agencies to work with the industry, according to people familiar with the matter.
-
Banks Want In on Tether’s Billions in Stablecoin Profits
Traditional banks are seemingly taking efforts to experiment with stablecoins after Tether boasted of billions in profits. Earlier this year, Societe Generale - Forge made its Euro-backed stablecoin. Oddo BHF SCA and London-based Revolut are also working on stablecoins.
-
Government Report Suggests Food Inflation May Ease In Months Ahead
"A bumper kharif (summer crop) harvest is expected to lower food inflation in the coming months," the report said.
-
Wash Trading Remains ‘Widespread’ in DeFi, Researcher Kaiko Says
The wash trading strategy used to boost the FBI-created token NexFundAI remains a common practice on decentralised-finance exchanges (dexes), and can be encountered on certain centralised exchanges as well, according to researcher Kaiko.
-
Crypto Fraud Increased 45 Percent in 2023 to $5.6 Billion, FBI Says
The FBI Internet Crime Complaint Center received nearly 69,500 complaints from consumers in the US and abroad last year. Call center frauds, such as government impersonation scams, accounted for about 10 percent of cryptocurrency losses.
-
Centre Approves MSP For 14 Crops, Says It Is 1.5 Times Cost Of Production
In a major decision, the Union Cabinet has approved a minimum support price of at least cost plus 50% for 14 crops ahead of the Kharif sowing season. The minimum support price of paddy has been increased by Rs 117.
-
Ethereum's Dencun Upgrade Expected to Dramatically Lower Costs for Layer 2 Blockchains
Using the world’s most commercially successful blockchain ecosystem is about to get much cheaper after the latest software upgrade of the Ethereum network. The upgrade is being hailed as the most significant change in Ethereum ecosystem’s end user experience ever — and it will be much more noticeable to consumers than the well-known September...
-
Karnataka Seeks Rs 17,901 Crore Drought Relief Funds From Centre
The Karnataka government today demanded Rs 17,901.73 crore in funds from the Centre to compensate farmers affected due to drought in the Kharif season this year.
-
Binance Removes US CEO, Fires Over 100 Employees Amid Crypto Crackdown
Binance US Chief Executive Officer Brian Shroder has left the crypto trading platform and been replaced on an interim basis by Chief Legal Officer Norman Reed, according to a company spokesperson.
-
Kharif Harvest, Centre's Interventions Helped Contain Inflation: RBI
Inflation's upward pressures in the country on food items receded in the second half of the year 2022-23, with the robust kharif harvest and seasonal fresh crop arrivals as well as some easing in global food prices, the Reserve Bank of India said.
-
El Nino Impact: Centre Asks States To Ensure Enough Seeds For Kharif Sowing
Amid concerns over possible impact of evolving El Nino conditions on monsoon rains, the Centre advised states to be prepared for "worst situation" and ensure adequate availability of seeds for kharif sowing season in case of less rainfall.
-
Centre's Paddy Procurement For Kharif Marketing Season Rises 12% Till October
The government's paddy procurement for the central pool rose 12 per cent to 170.53 lakh tonnes till October of the ongoing 2022-23 kharif marketing season, according to the food ministry data.
