The burgeoning cryptocurrency market in India has recently found itself under a glaring spotlight following the announcement of a significant case of tax evasion involving multiple cryptocurrency exchanges. With substantial sums of money involved, the probe initiated by the Goods and Services Tax (GST) authorities points towards systemic issues within the crypto regulation framework in
Crypto
In November, the BNB Chain witnessed an unprecedented spike in Sandwich attacks, with a staggering 35.5% of its blocks being compromised. This alarming statistic reveals a troubling escalation in the prevalence of such malicious activities on blockchain networks. Sandwich attacks, a form of front-running technique associated with Miner Extractable Value (MEV), have emerged as a
The Pudgy Penguins NFT project is making significant strides in the cryptocurrency space with the upcoming launch of its own token, Pengu, expected later this year. Announced in a post on X, the new cryptocurrency will leverage the Solana blockchain and will have a staggering total supply of 88,888,888,888 tokens. This venture represents an exciting
In recent days, the cryptocurrency market has been characterized by unprecedented volatility, with Bitcoin exhibiting extreme price fluctuations. Starting the week at a staggering peak of $102,000, Bitcoin’s trajectory quickly took a downturn, highlighting the unpredictable nature of digital currencies. After experiencing a strong rise that took it past the psychological $100,000 barrier, Bitcoin’s momentum
Over recent days, cryptocurrency enthusiasts have witnessed a dramatic resurgence in the digital asset PEPE, marking an extraordinary 20% increase within a mere 24-hour span. This bullish rally propels the token to a new peak, reaching the commendable value of over $0.000026. Such a significant price spike follows a series of whale accumulations, suggesting that
El Salvador’s dalliance with Bitcoin has garnered global attention as the currency catapulted beyond the $100,000 mark, allowing President Nayib Bukele to revel in what many consider a groundbreaking leap for his nation. Yet beneath this apparent triumph lies a complex narrative of fluctuating fortunes, strident opposition, and profound implications for the future of cryptocurrency
In the rapidly evolving cryptocurrency landscape, a cautionary incident has surfaced involving a user on X, known as “LeftsideEmiri,” who suffered an immense financial loss of $300,000 due to a social engineering attack. Such cases underscore the alarming rise in sophisticated scams prevalent in the digital finance realm. This tragedy, rooted in a deceptive work
In a significant maneuver within the intersection of healthcare and digital finance, Semler Scientific has amplified its bitcoin investments yet again, with a notable acquisition of $30 million. This recent purchase saw the company add 303 BTC to its growing portfolio, which now boasts a total of 1,873 bitcoins. The strategic choice to diversify its
The ongoing legal confrontation between the U.S. Securities and Exchange Commission (SEC) and cryptocurrency exchange Binance represents a significant moment in the evolving landscape of digital assets. The SEC has maintained momentum against Binance, its U.S. counterpart Binance.US, and its co-founder Changpeng Zhao, accusing them of operating an unregistered securities exchange. This situation not only
The Financial Times (FT), a publication renowned for its astute financial analysis, recently found itself at the center of debate following an apology that seemed more a veiled critique than a sincere admission of oversight. This came in light of Bitcoin breaching the $100,000 mark on December 5, 2024. What might have been an olive