Currency Market Report
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CloudSEK Researchers Expose Social Media-Based Counterfeit Currency Network, Unmasks Perpetrators
CloudSEK, a cybersecurity firm, announced that it has unmasked a syndicate involved in printing and selling counterfeit Indian currency. As per the firm, the group was marketing the fake notes via social media platforms such as Facebook and Instagram, and even used authentic marketing channels such as Meta ads. As per the report shared by the compa...
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Over 1,000 Crypto ATM Machines Now Active in Australia: Report
The number of crypto ATM machines in Australia currently stands at the mark of 1,007. In the last four months, crypto market valuation rose close to the capitalisation of $3 trillion (roughly Rs. 2,50,00,650 crore). This bull run for the sector could be considered as a reason behind the rise in the number of crypto ATM machines globally.
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Zimbabwe Set to Introduce Gold-Backed Digital Currency to Stabilise Zimbabwean Dollar: Report
Zimbabwe, in a bid to keep its economy stable amid the fluctuating status of the dollar, is exploring the launch of a gold-back digital asset. Once the token is introduced, the government of Zimbabwe will allow its nationals to exchange small denominations of the Zimbabwean dollar for the digital gold token to safeguard their investments against ma...
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FTX Collapse: Sam Bankman-Fried Reportedly Faces Market Manipulation Inquiry by US Prosecutors
FTX Founder Sam Bankman-Fried is reportedly facing a market manipulation inquiry by US prosecutors. The prosecutors are probing whether Bankman-Fried controlled the prices of two interlinked currencies, TerraUSD and LUNA, to benefit the entities he controlled including FTX and Alameda Research.
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Crypto Hedge Fund Three Arrows Capital Reportedly Enters Liquidation on British Virgin Islands Court's Order
Crypto hedge fund Three Arrows Capital (3AC) has reportedly entered liquidation. 3AC is one of the higher profile crypto investors to have run into difficulties following the sharp sell-off in the market for digital currencies seen in recent months. Earlier, Bitcoin plunged some 37 percent in June, trading around $20,000 (nearly Rs. 16 lakh) on Wed...
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Cryptocurrency Market Nosedives Amid Reports of Indian Government Ban
The Indian government is seeking to prohibit all private cryptocurrencies from operating in the country and only bring an official digital currency regulated by the Reserve Bank of India to operate in the country.
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Cryptocurrency Exchange Theft Surges in First Half of 2018: CipherTrace
The CipherTrace report, which looks at the global anti-money laundering market, showed that in the first six months of the year a total of $761 million was stolen from digital currency exchanges.
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Bitcoin Plunge 18% To 4-Week Low Amid Crackdown Fears
Bitcoin slid as much as 18 percent on Tuesday to a four-week low, as fears of a regulatory crackdown on the market spread after reports suggested it was still possible that South Korea could ban trading in cryptocurrencies.
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JPMorgan's Jamie Dimon Regrets Calling Bitcoin A 'Fraud': Report
Bitcoin rose around 30 percent in one month following Jamie Dimon's speech, where he also compared the currency to tulips bulbs in a reference to the famous market bubble from the 1600s.
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How Notes Ban Has Hit Dubai's Gold Market: Report
Dubai's famous Gold Souq, a prime market for gold, has been witnessing almost a complete absence of visitors from India due to the November 8 currency ban, according to a report by Gulf News.
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CloudSEK Researchers Expose Social Media-Based Counterfeit Currency Network, Unmasks Perpetrators
CloudSEK, a cybersecurity firm, announced that it has unmasked a syndicate involved in printing and selling counterfeit Indian currency. As per the firm, the group was marketing the fake notes via social media platforms such as Facebook and Instagram, and even used authentic marketing channels such as Meta ads. As per the report shared by the compa...
-
Over 1,000 Crypto ATM Machines Now Active in Australia: Report
The number of crypto ATM machines in Australia currently stands at the mark of 1,007. In the last four months, crypto market valuation rose close to the capitalisation of $3 trillion (roughly Rs. 2,50,00,650 crore). This bull run for the sector could be considered as a reason behind the rise in the number of crypto ATM machines globally.
-
Zimbabwe Set to Introduce Gold-Backed Digital Currency to Stabilise Zimbabwean Dollar: Report
Zimbabwe, in a bid to keep its economy stable amid the fluctuating status of the dollar, is exploring the launch of a gold-back digital asset. Once the token is introduced, the government of Zimbabwe will allow its nationals to exchange small denominations of the Zimbabwean dollar for the digital gold token to safeguard their investments against ma...
-
FTX Collapse: Sam Bankman-Fried Reportedly Faces Market Manipulation Inquiry by US Prosecutors
FTX Founder Sam Bankman-Fried is reportedly facing a market manipulation inquiry by US prosecutors. The prosecutors are probing whether Bankman-Fried controlled the prices of two interlinked currencies, TerraUSD and LUNA, to benefit the entities he controlled including FTX and Alameda Research.
-
Crypto Hedge Fund Three Arrows Capital Reportedly Enters Liquidation on British Virgin Islands Court's Order
Crypto hedge fund Three Arrows Capital (3AC) has reportedly entered liquidation. 3AC is one of the higher profile crypto investors to have run into difficulties following the sharp sell-off in the market for digital currencies seen in recent months. Earlier, Bitcoin plunged some 37 percent in June, trading around $20,000 (nearly Rs. 16 lakh) on Wed...
-
Cryptocurrency Market Nosedives Amid Reports of Indian Government Ban
The Indian government is seeking to prohibit all private cryptocurrencies from operating in the country and only bring an official digital currency regulated by the Reserve Bank of India to operate in the country.
-
Cryptocurrency Exchange Theft Surges in First Half of 2018: CipherTrace
The CipherTrace report, which looks at the global anti-money laundering market, showed that in the first six months of the year a total of $761 million was stolen from digital currency exchanges.
-
Bitcoin Plunge 18% To 4-Week Low Amid Crackdown Fears
Bitcoin slid as much as 18 percent on Tuesday to a four-week low, as fears of a regulatory crackdown on the market spread after reports suggested it was still possible that South Korea could ban trading in cryptocurrencies.
-
JPMorgan's Jamie Dimon Regrets Calling Bitcoin A 'Fraud': Report
Bitcoin rose around 30 percent in one month following Jamie Dimon's speech, where he also compared the currency to tulips bulbs in a reference to the famous market bubble from the 1600s.
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How Notes Ban Has Hit Dubai's Gold Market: Report
Dubai's famous Gold Souq, a prime market for gold, has been witnessing almost a complete absence of visitors from India due to the November 8 currency ban, according to a report by Gulf News.
