Recent developments concerning India’s Goods and Services Tax (GST) have unveiled serious infractions in the cryptocurrency sector as authorities have uncovered an astonishing $99.1 million tax evasion case involving 17 exchanges. This alarming figure underscores the growing scrutiny that digital currency platforms face within India’s regulatory landscape. Among the most egregious offenders is Nest Services
Crypto
In recent months, the decentralized finance (DeFi) landscape has grappled with an unsettling trend: the surge of sandwich attacks on blockchain networks. Notably, the BNB Chain experienced a staggering 35.5% of its blocks being compromised by such attacks in November alone. This highlights a growing vulnerability within the realm of DeFi, as approximately 43,400 traders
The Pudgy Penguins NFT project is making headlines once again, this time with the announcement of launching its very own cryptocurrency, Pengu. As detailed in a recent post on the social platform X, this initiative is set to go live later this year on the Solana blockchain. The new token will boast an impressive total
Bitcoin, the leading cryptocurrency, has once again showcased its trademark volatility, rising dramatically to $102,000 this past week before succumbing to a sharp correction. It’s a tale as old as cryptocurrency itself: dramatic spikes followed by rapid downturns. After reaching an all-time high of $103,800—an achievement that had been often deemed unreachable by skeptics—Bitcoin faced
In a striking reversal of fortunes, PEPE, the meme coin that has captured the attention of crypto enthusiasts, has reignited its bullish momentum. Over the past 24 hours, PEPE witnessed a remarkable uptick of 20%, reaching a new milestone at $0.00002622. This resurgence can be traced back to a flurry of activity involving major holders,
On December 5, 2024, the Financial Times (FT) found itself at the center of a heated discussion within the financial community following Bitcoin’s unprecedented ascendance past the $100,000 threshold. This event precipitated an article on FT Alphaville—its daily commentary service—wherein City Editor Bryce Elder offered what was styled as an apology. However, the nature of
Semler Scientific, a notable player in the healthcare technology sector, has made headlines once again with its significant investment in Bitcoin. The company recently disclosed its purchase of $30 million worth of Bitcoin, effectively increasing its total holdings to 1,873 BTC. This move underscores Semler’s growing confidence in cryptocurrency as part of its long-term financial
In a move that has elicited both excitement and skepticism, El Salvador’s President Nayib Bukele embarked on a bold journey to integrate Bitcoin (BTC) into the economy by granting it legal tender status in 2021. As Bitcoin recently surpassed the $100,000 mark, Bukele couldn’t resist a social media celebration, noting his nation’s substantial investment in
Bitcoin has seen an unprecedented surge, soaring over $30,000 in value and surpassing the $100,000 benchmark for the first time in history as of November 6. This monumental price increase has attracted the attention of market participants, prompting many to consider cashing in on their investment gains. With volatility being a hallmark of cryptocurrency trading,
The rise of Bitcoin and other cryptocurrencies has prompted extensive debate about their potential to disrupt traditional financial systems. In a recent discussion at The New York Times DealBook Summit, Federal Reserve Chairman Jerome Powell firmly positioned Bitcoin not as a legitimate competitor to the U.S. dollar but rather as a speculative asset reminiscent of
