Bolivia Reverses Bitcoin Ban, Legalises Crypto Transactions for Banks

The central bank of Bolivia has decided to lift a ban on payments using Bitcoin and other cryptocurrencies imposed in 2014. The country is aiming to balance its economy, while modernising its payment systems. Bolivia has become the latest Latin American country to take a pro-crypto stance, even though Bitcoin or other cryptocurrencies are yet

Crypto Price Today: Bitcoin and Ether Stable Amidst Volatility, Most Altcoins Hit by Downturn

The cryptocurrency market is displaying volatility across most cryptocurrencies on Wednesday, June 26. Bitcoin recorded a minor drop of 0.29 percent that dragged down its price from $63,200 (roughly Rs. 52.8 lakh) to the mark of $61,752 (roughly Rs. 51.5 lakh) on foreign exchanges like CoinMarketCap. On national exchanges, meanwhile, the value of Bitcoin stands

Binance-Backed CoralApp Set to Launch Flagship Smartphone Powered by AI, Web3

CoralApp, an AI-focussed project backed by Binance, is gearing up to enter the hypercompetitive smartphone market in the coming days. The company has conceptualised a smartphone, dubbed the Coral Phone, packed with Web3 and AI capabilities. While the device will support traditional smartphone functions and apps, it will also be able to work seamlessly with

Telegram-Backed TON Blockchain Under Threat of Phishing Attacks, Experts Warn

The Web3 sector is generally considered to have a high exposure to cyber-attacks and hacks, but Telegram-backed The Open Network (TON) blockchain has particularly found itself in trouble. As per blockchain security firm SlowMist, the TON blockchain faces a high risk of phishing attacks. The entire TON ecosystem is currently under threat, which could negatively

CoinStats Hit With Security Breach, Over 1,500 Linked Crypto Wallets Compromised

The CoinStats crypto portfolio app has decided to temporary pause all user activity after it become the latest victim of a security breach over the weekend. Cyber criminals behind the hack lured CoinStats users to click malicious links, falsely promising users of a reward worth 14.2 ETH or $48,128 (roughly Rs. 40.2 lakh). A total

Reducing 1 Percent TDS on Crypto Transactions Can Fetch Over Rs. 5,000 Crore for India by 2027: Report

Ahead of India’s final budget announcement for FY2024-2025, a policy paper has outlined the reasons why the government should consider revising the crypto tax laws in the country. The report has collectively been compiled by the Centre for Tax Laws, Hyderabad-based NALSAR University of Law, and some individual members of the crypto community in India.

Meta Restructures Reality Labs Team, Forms Two Separate Divisions for Metaverse, Wearables: Report

Meta is attempting to enhance and streamline its operations in the Web3 and wearables markets. The company has reportedly divided its Reality Labs team into two separate entities where one team will work on the metaverse-focussed Quest headsets and the other will dedicate its time to hardware wearables that Meta may launch in the future.

Binance Fined $2.25 Million in India for Breaching Anti-Money Laundering Regulations

India’s Financial Intelligence Unit (FIU) has imposed a fine of $2.25 million (roughly Rs. 18.8 crore) on Binance. The financial watchdog announced the development on Thursday, June 20. India has claimed that the crypto exchange, touted as the largest in the world, was not adhering to the Prevention of Money Laundering Act, 2002 (PMLA), which

Iran to Launch its Digital Rial CBDC into Public Pilot Phase

Central Bank Digital Currencies, or CBDCs, are picking up the pace in several nations around the world, and Iran is one of them. In the coming days, the country will gradually be deploying its ‘digital rial’ virtual currency into a public pilot phase. The Central Bank of Iran (CBI) is spearheading the trial phase for

Coinbase Launches Initiative to Support Emerging Crypto Projects and Boost User Growth

The crypto industry, currently valued at $2.36 trillion, is attracting entrepreneurs eager to experiment, especially with the emergence of Web3. Coinbase International has decided to step up as a foster for up-and-coming Web3 projects. The exchange, counted among the largest in the world, has announced the launch of its Pre-launch Market initiative. This will serve as a