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Gold Sold, Deposits Broken: Gujarat Doctor Loses 19 Crores To 'Digital Arrest'
A senior woman doctor in Gujarat's Gandhinagar was kept under 'digital arrest' for over three months, forced to break fixed deposits, take loans, and blackmailed into paying more than Rs 19 crore to fraudsters, police have found
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Explained: What Is Tokenization And Why Is It Crypto's Next Big Thing?
Tokenization has long been a buzzword for crypto enthusiasts, who have been arguing for years that blockchain-based assets will change the underlying infrastructure of financial markets.
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Crypto Platform CoinDCX Hacked, Nearly Rs 368 Crore Lost In Huge Security Breach
In a major security incident, CoinDCX, one of India's cryptocurrency exchanges, has confirmed a hacking attack that led to a loss of around $44 million (nearly Rs 368 crore).
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Trump Signs New Stablecoin Law In Major Milestone For Crypto Industry
US President Donald Trump on Friday signed a law to create a regulatory regime for the US-dollar-pegged cryptocurrencies known as stablecoins, a milestone that could pave the way for the digital assets to become an everyday way to make payments.
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Assets Worth Rs 9.56 Crore Returned To Official Liquidator In Bank Fraud Case
In a major breakthrough in its anti-money laundering efforts, the Enforcement Directorate, Kolkata Zonal Office, has successfully restituted immovable and movable properties worth Rs 9.56 crore to the Official Liquidator of Kaushik Glob
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UK Bolsters Web3 Investigations, Appoints First Crypto Intelligence Specialist to Insolvency Service
The UK government appointed Andrew Small as the first crypto specialist in the Insolvency Service, which is responsible for the recovery and tracing assets linked to bankrupt individuals or liquidated companies. In the past five years, the number of insolvency cases involving crypto as a recoverable asset have clocked a massive increase of 420 perc...
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US Crypto Task Force Spotlights Growing Interest in RWA Tokenisation in Latest Roundtable MeetÂ
Paul Atkins, the chairperson of the Crypto Task Force, acknowledged that securities were rapidly migrating from off-chain databases to on-chain ledger networks, indicating adoption of Web3 technologies. He said that tokenisation could enhance capital formation by transforming relatively illiquid assets into liquid investment opportunities.
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WazirX Says Asset Rebalancing Complete, Invites Creditors to Raise Disputes
On February 10, WazirX announced the completion of its Net Liquid Platform Assets (NLPA) rebalancing, aligning token denominations with its assets and liabilities. The exchange has introduced three new tabs on its app and website, allowing users to view their rebalanced portfolio, their balance as of July 18, 2024, and the preliminary creditor list...
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ECB President Says Bitcoin Won't Enter Reserves of Any EU Central Banks
Ales Michl, the governor of Czech Republic’s central bank, suggested ECB’s General Council to consider adding Bitcoin as part of its reserved assets. Dismissing the suggestion, Lagarde said reserved assets need to be liquid and secure – criteria she feels are not strong with BTC for now.
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RBI Shares Observations Around Tokenisation, Crypto in Financial Stability Report 2024
As per the RBI, asset tokenisation is a rapidly evolving financial innovation still in its early stages, currently presenting minimal concerns. However, the central bank also cautioned that the widespread adoption of crypto assets could potentially impact macroeconomic and financial stability.
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No More Jet Airways. Supreme Court Says "No Choice", Orders Liquidation
Jet Airways' grounded assets will be liquidated, the Supreme Court said, invoking 'extraordinary' powers under Article 142 to set aside a National Company Law Appellate Tribunal decision upholding resolution and approving transfer of ownership.
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FTX Cleared to Repay Billions to Customers After Bankruptcy Plan Approval
FTX has received court approval of its bankruptcy plan. The plan is built on a series of settlements with FTX customers and creditors, US government agencies, and liquidators appointed to wind down FTX's operations outside the US.Â
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What Roles do Liquidity Pools Play in Decentralised Finance (DeFi): Explained
Liquidity pools are like reservoirs of cryptocurrencies locked within blockchain-based smart contracts. Anyone can become a "liquidity provider" for a DeFi protocol by depositing their crypto tokens into these smart contracts, pooling their assets alongside those of other participants.
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Bitcoin Logs Drastic Drop to $54,300 After $679 Million in Crypto Liquidations, Most Altcoins See Dips
The overall crypto market cap tumbled by 8.32 percent in the last 24 hours. As per CoinGlass, a total of 234,518 traders liquidated $679.38 million (roughly Rs. 5,672 crore) in the last 24 hours – pushing crypto prices down the cliff. BTC and ETH, both recorded substantially large losses in the last 24 hours.
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Investor Says People With Rs 50 Lakh Liquid Net Worth Are ''Lower Middle Class'', Sparks Debate
Net worth is the value of a person's or company's assets minus their liabilities.
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Gold Sold, Deposits Broken: Gujarat Doctor Loses 19 Crores To 'Digital Arrest'
A senior woman doctor in Gujarat's Gandhinagar was kept under 'digital arrest' for over three months, forced to break fixed deposits, take loans, and blackmailed into paying more than Rs 19 crore to fraudsters, police have found
-
Explained: What Is Tokenization And Why Is It Crypto's Next Big Thing?
Tokenization has long been a buzzword for crypto enthusiasts, who have been arguing for years that blockchain-based assets will change the underlying infrastructure of financial markets.
-
Crypto Platform CoinDCX Hacked, Nearly Rs 368 Crore Lost In Huge Security Breach
In a major security incident, CoinDCX, one of India's cryptocurrency exchanges, has confirmed a hacking attack that led to a loss of around $44 million (nearly Rs 368 crore).
-
Trump Signs New Stablecoin Law In Major Milestone For Crypto Industry
US President Donald Trump on Friday signed a law to create a regulatory regime for the US-dollar-pegged cryptocurrencies known as stablecoins, a milestone that could pave the way for the digital assets to become an everyday way to make payments.
-
Assets Worth Rs 9.56 Crore Returned To Official Liquidator In Bank Fraud Case
In a major breakthrough in its anti-money laundering efforts, the Enforcement Directorate, Kolkata Zonal Office, has successfully restituted immovable and movable properties worth Rs 9.56 crore to the Official Liquidator of Kaushik Glob
-
UK Bolsters Web3 Investigations, Appoints First Crypto Intelligence Specialist to Insolvency Service
The UK government appointed Andrew Small as the first crypto specialist in the Insolvency Service, which is responsible for the recovery and tracing assets linked to bankrupt individuals or liquidated companies. In the past five years, the number of insolvency cases involving crypto as a recoverable asset have clocked a massive increase of 420 perc...
-
US Crypto Task Force Spotlights Growing Interest in RWA Tokenisation in Latest Roundtable MeetÂ
Paul Atkins, the chairperson of the Crypto Task Force, acknowledged that securities were rapidly migrating from off-chain databases to on-chain ledger networks, indicating adoption of Web3 technologies. He said that tokenisation could enhance capital formation by transforming relatively illiquid assets into liquid investment opportunities.
-
WazirX Says Asset Rebalancing Complete, Invites Creditors to Raise Disputes
On February 10, WazirX announced the completion of its Net Liquid Platform Assets (NLPA) rebalancing, aligning token denominations with its assets and liabilities. The exchange has introduced three new tabs on its app and website, allowing users to view their rebalanced portfolio, their balance as of July 18, 2024, and the preliminary creditor list...
-
ECB President Says Bitcoin Won't Enter Reserves of Any EU Central Banks
Ales Michl, the governor of Czech Republic’s central bank, suggested ECB’s General Council to consider adding Bitcoin as part of its reserved assets. Dismissing the suggestion, Lagarde said reserved assets need to be liquid and secure – criteria she feels are not strong with BTC for now.
-
RBI Shares Observations Around Tokenisation, Crypto in Financial Stability Report 2024
As per the RBI, asset tokenisation is a rapidly evolving financial innovation still in its early stages, currently presenting minimal concerns. However, the central bank also cautioned that the widespread adoption of crypto assets could potentially impact macroeconomic and financial stability.
-
No More Jet Airways. Supreme Court Says "No Choice", Orders Liquidation
Jet Airways' grounded assets will be liquidated, the Supreme Court said, invoking 'extraordinary' powers under Article 142 to set aside a National Company Law Appellate Tribunal decision upholding resolution and approving transfer of ownership.
-
FTX Cleared to Repay Billions to Customers After Bankruptcy Plan Approval
FTX has received court approval of its bankruptcy plan. The plan is built on a series of settlements with FTX customers and creditors, US government agencies, and liquidators appointed to wind down FTX's operations outside the US.Â
-
What Roles do Liquidity Pools Play in Decentralised Finance (DeFi): Explained
Liquidity pools are like reservoirs of cryptocurrencies locked within blockchain-based smart contracts. Anyone can become a "liquidity provider" for a DeFi protocol by depositing their crypto tokens into these smart contracts, pooling their assets alongside those of other participants.
-
Bitcoin Logs Drastic Drop to $54,300 After $679 Million in Crypto Liquidations, Most Altcoins See Dips
The overall crypto market cap tumbled by 8.32 percent in the last 24 hours. As per CoinGlass, a total of 234,518 traders liquidated $679.38 million (roughly Rs. 5,672 crore) in the last 24 hours – pushing crypto prices down the cliff. BTC and ETH, both recorded substantially large losses in the last 24 hours.
-
Investor Says People With Rs 50 Lakh Liquid Net Worth Are ''Lower Middle Class'', Sparks Debate
Net worth is the value of a person's or company's assets minus their liabilities.
