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Stream Finance Discloses $93 Million Loss After Probe, Halts Operations
DeFi platform Stream Finance has paused operations following a $93 million (roughly Rs. 825 crore) loss caused by an external fund manager. The company has hired Perkins Coie LLP to investigate the incident and plans to recover liquid assets. The halt highlights growing risks and transparency concerns across decentralised finance ecosystems.
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Polymarket Banned By Romanian Regulator for Illegal Crypto Betting Following $600 Million Election Wagers
Romania’s gambling regulator has blacklisted Polymarket after nearly $600 million (roughly ₹53,200 crore) in crypto wagers were placed during national elections. Officials said the platform operated as unlicensed gambling. The action mirrors global moves by the US, France, and others to curb crypto-based betting platforms.
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Telegram Founder Pavel Durov Launches Cocoon, a Decentralised AI Project on TON
Telegram founder Pavel Durov has announced Cocoon, a decentralised AI network built on The Open Network (TON). The platform allows users to earn Toncoin by sharing GPU power while maintaining control of their personal data. Cocoon’s launch highlights Durov’s push for privacy-driven AI innovation and builds on Telegram’s growing Web3 ecosystem...
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WazirX Reopens Trading Over a Year After Hack, Crypto Exchange to Restart in Phased Manner
WazirX has resumed trading after over a year, starting a phased rollout from October 24 with zero trading fees for 30 days. Industry leaders called the move a defining moment for India’s crypto sector, noting it could help restore investor trust. Some users have reported withdrawal delays, though WazirX previously outlined a 10-day timeline for c...
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World Liberty Financial Explores Real Estate Tokenisation Using USD1 Stablecoin
World Liberty Financial plans to tokenise a real estate project using its USD1 stablecoin, according to WLFI Co-Founder Eric Trump. The project aims to open access to fractional ownership in luxury properties for retail investors, starting from $1,000 (roughly Rs. 87,400). While the Trump family maintains control over WLFI, the move underscores blo...
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Reliance Jio, Aptos to Launch Blockchain Rewards for 500 Million Users
Reliance Jio has joined hands with Aptos Foundation and Aptos Labs to launch a blockchain-based rewards platform for its 500 million subscribers. Built on Aptos’ high-speed, low-cost blockchain, the system focuses on real-world utility over speculation. It’s currently in beta with 9.4 million users, and it represents one of the largest telecom-...
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Coinbase Invests in CoinDCX at $2.45 Billion Valuation
Global crypto platform Coinbase has invested in India’s leading exchange CoinDCX, valuing it at $2.45 billion (roughly Rs. 21,600 crore). The deal strengthens Coinbase’s presence in India and the Middle East, where crypto adoption is rising rapidly. The investment supports regional growth, regulatory compliance, and secure trading, positioning ...
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Singapore Court Approves WazirX Restructuring Plan Following $234 Million Hack
The Singapore High Court has approved WazirX’s revised restructuring plan following the $234 million hack in 2024. The ruling enables the exchange to restart operations and repay over 150,000 users through recovery tokens. The hack, traced to North Korea’s Lazarus Group, forced a halt in withdrawals. The decision marks a key step toward restori...
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Bybit Gains UAE’s Virtual Asset Licence; Becomes First Crypto Firm to Get Full SCA Approval
ByBit has become the first cryptocurrency exchange to secure a full Virtual Asset Platform Operator Licence from the UAE’s Securities and Commodities Authority. The approval follows its in-principle nod in February and allows ByBit to provide regulated trading, custody, and fiat conversion services across the UAE. The milestone comes months after...
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BNB Chain’s X Account Hacked; CZ Warns Users of Phishing Links
BNB Chain’s X account was compromised, enabling hackers to post phishing links targeting wallets. The breach was quickly addressed, with access restored and fraudulent domains flagged for removal. The attacker stole roughly $13,000, but KYC data may aid in tracking. Experts say organized phishing campaigns remain a major threat to crypto platform...
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Turkey Said to Consider Granting Authorities Power to Freeze Crypto Accounts Under New AML Rules
Turkey is drafting anti-money laundering regulations to give the country’s financial crime regulator (or MASAK) the power to freeze and restrict cryptocurrency accounts. The rules will require exchanges to collect user details, delay withdrawals under certain conditions, and cap stablecoin transfers. Platforms following the Travel Rule may offer ...
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Bybit Resumes Full Operations in India After Regulatory Approval
Bybit has reopened its app for Indian users after completing registration with the Financial Intelligence Unit-India (FIU-IND). Website access will be restored in phases over the next few days. The exchange had paused operations in January 2025 due to regulatory changes, but now resumes trading under India’s Prevention of Money Laundering Act (PM...
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BCCI Says Crypto, Real Money Gaming Platforms Can’t Bid for Team India’s Title Sponsorship
The BCCI has barred cryptocurrency and real money gaming firms from bidding for the Indian cricket team’s lead sponsorship rights. The decision reflects increasing regulatory scrutiny of crypto promotions in India, with SEBI previously targeting misleading celebrity endorsements. The move marks a significant setback for crypto adoption, cutting o...
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Crypto Or Virtual Assets Not Regulated In India: Minister Pankaj Chaudhary
The question of the legality or illegality of specific crypto platforms does not arise as of date as crypto or virtual assets are not regulated in India, Minister of State for Finance Pankaj Chaudhary told Parliament on Monday.
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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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Stream Finance Discloses $93 Million Loss After Probe, Halts Operations
DeFi platform Stream Finance has paused operations following a $93 million (roughly Rs. 825 crore) loss caused by an external fund manager. The company has hired Perkins Coie LLP to investigate the incident and plans to recover liquid assets. The halt highlights growing risks and transparency concerns across decentralised finance ecosystems.
-
Polymarket Banned By Romanian Regulator for Illegal Crypto Betting Following $600 Million Election Wagers
Romania’s gambling regulator has blacklisted Polymarket after nearly $600 million (roughly ₹53,200 crore) in crypto wagers were placed during national elections. Officials said the platform operated as unlicensed gambling. The action mirrors global moves by the US, France, and others to curb crypto-based betting platforms.
-
Telegram Founder Pavel Durov Launches Cocoon, a Decentralised AI Project on TON
Telegram founder Pavel Durov has announced Cocoon, a decentralised AI network built on The Open Network (TON). The platform allows users to earn Toncoin by sharing GPU power while maintaining control of their personal data. Cocoon’s launch highlights Durov’s push for privacy-driven AI innovation and builds on Telegram’s growing Web3 ecosystem...
-
WazirX Reopens Trading Over a Year After Hack, Crypto Exchange to Restart in Phased Manner
WazirX has resumed trading after over a year, starting a phased rollout from October 24 with zero trading fees for 30 days. Industry leaders called the move a defining moment for India’s crypto sector, noting it could help restore investor trust. Some users have reported withdrawal delays, though WazirX previously outlined a 10-day timeline for c...
-
World Liberty Financial Explores Real Estate Tokenisation Using USD1 Stablecoin
World Liberty Financial plans to tokenise a real estate project using its USD1 stablecoin, according to WLFI Co-Founder Eric Trump. The project aims to open access to fractional ownership in luxury properties for retail investors, starting from $1,000 (roughly Rs. 87,400). While the Trump family maintains control over WLFI, the move underscores blo...
-
Reliance Jio, Aptos to Launch Blockchain Rewards for 500 Million Users
Reliance Jio has joined hands with Aptos Foundation and Aptos Labs to launch a blockchain-based rewards platform for its 500 million subscribers. Built on Aptos’ high-speed, low-cost blockchain, the system focuses on real-world utility over speculation. It’s currently in beta with 9.4 million users, and it represents one of the largest telecom-...
-
Coinbase Invests in CoinDCX at $2.45 Billion Valuation
Global crypto platform Coinbase has invested in India’s leading exchange CoinDCX, valuing it at $2.45 billion (roughly Rs. 21,600 crore). The deal strengthens Coinbase’s presence in India and the Middle East, where crypto adoption is rising rapidly. The investment supports regional growth, regulatory compliance, and secure trading, positioning ...
-
Singapore Court Approves WazirX Restructuring Plan Following $234 Million Hack
The Singapore High Court has approved WazirX’s revised restructuring plan following the $234 million hack in 2024. The ruling enables the exchange to restart operations and repay over 150,000 users through recovery tokens. The hack, traced to North Korea’s Lazarus Group, forced a halt in withdrawals. The decision marks a key step toward restori...
-
Bybit Gains UAE’s Virtual Asset Licence; Becomes First Crypto Firm to Get Full SCA Approval
ByBit has become the first cryptocurrency exchange to secure a full Virtual Asset Platform Operator Licence from the UAE’s Securities and Commodities Authority. The approval follows its in-principle nod in February and allows ByBit to provide regulated trading, custody, and fiat conversion services across the UAE. The milestone comes months after...
-
BNB Chain’s X Account Hacked; CZ Warns Users of Phishing Links
BNB Chain’s X account was compromised, enabling hackers to post phishing links targeting wallets. The breach was quickly addressed, with access restored and fraudulent domains flagged for removal. The attacker stole roughly $13,000, but KYC data may aid in tracking. Experts say organized phishing campaigns remain a major threat to crypto platform...
-
Turkey Said to Consider Granting Authorities Power to Freeze Crypto Accounts Under New AML Rules
Turkey is drafting anti-money laundering regulations to give the country’s financial crime regulator (or MASAK) the power to freeze and restrict cryptocurrency accounts. The rules will require exchanges to collect user details, delay withdrawals under certain conditions, and cap stablecoin transfers. Platforms following the Travel Rule may offer ...
-
Bybit Resumes Full Operations in India After Regulatory Approval
Bybit has reopened its app for Indian users after completing registration with the Financial Intelligence Unit-India (FIU-IND). Website access will be restored in phases over the next few days. The exchange had paused operations in January 2025 due to regulatory changes, but now resumes trading under India’s Prevention of Money Laundering Act (PM...
-
BCCI Says Crypto, Real Money Gaming Platforms Can’t Bid for Team India’s Title Sponsorship
The BCCI has barred cryptocurrency and real money gaming firms from bidding for the Indian cricket team’s lead sponsorship rights. The decision reflects increasing regulatory scrutiny of crypto promotions in India, with SEBI previously targeting misleading celebrity endorsements. The move marks a significant setback for crypto adoption, cutting o...
-
Crypto Or Virtual Assets Not Regulated In India: Minister Pankaj Chaudhary
The question of the legality or illegality of specific crypto platforms does not arise as of date as crypto or virtual assets are not regulated in India, Minister of State for Finance Pankaj Chaudhary told Parliament on Monday.
-
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).
