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UK Government Updates Crypto Reporting Guidelines, Mandates Collection of Crypto Transaction Data
The UK government has instructed crypto firms to collect user details including transaction data under the Crypto Asset Reporting Framework (CARF). The UK officials have said that crypto companies found in violation of these laws can invite penalties of up to GBP 300 (roughly Rs. 35,000).
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HSBC Launches Blockchain-Based Tokenised Deposit Service in Hong Kong
HSBC has launched a new tokenised deposit service for Hong Kong-based corporate clients. Singapore-based fintech firm Ant International was the first corporate to use this service that supports real time payments between HSBC Hong Kong wallets throughout the day.
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What is US' Stablecoin-Focussed GENIUS Act: Everything to Know
The US stablecoin bill has advanced to the House of Senate for the final approval. Dubbed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, this legislation aims to set clear rules around the issuing and management of stablecoins in the US. Â
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Security Scare At Salman Khan's Mumbai House, Man And Woman Arrested
A man and a woman were arrested by the Mumbai Police for allegedly attempting to enter Bollywood actor Salman Khan's residence this week, police said on Thursday.
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Bitcoin Surpasses $111,500 to Set New All-Time High; Majority of Altcoins Follow Suit in Market Rally
Bitcoin and Ether, both registered notable gains on Thursday, May 22. The overall crypto market cap rose by 3.56 percent in the last 24 hours. Bitcoin created a new historic all time high, touching $111,593 (roughly Rs. 95.6 lakh) amid supportive developments brewing in the US and other parts of the world.
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Trump Memecoin Holders Set to Dine With US President, Tron Founder Justin Sun Confirms AttendanceÂ
US President Donald Trump is expected to dine with 220 holders of the "Official Trump" token at a golf course in Virginia on May 22. Justin Sun, the owner of the Tron blockchain, is among the VIP attendees of this gala dinner.Â
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Bitcoin Surges Past $107,000 for First Time Since January as Altcoins Rally
The overall crypto market cap rose by 0.87 percent in the last 24 hours. Bitcoin and Ether, both registered profits on Wednesday, May 21. Dogecoin, Tron, and Avalanche registered gains. Meanwhile, Ripple joined Cardano and Chainlink in clocking losses.
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US DoJ Said to Open Probe Into Coinbase Data Breach, Firm Claims Involvement of Indian Employees
Coinbase has reportedly claimed that the contractors and employees who were bribed to leak its user data to the cyberattackers were from India. The US Department of Justice (DoJ) has now joined the US Securities and Exchange Commission (SEC) in the ongoing investigation.
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Supreme Court Questions Lack of Crypto Regulatory Measures, Oversight: Report
A Supreme Court bench of Justice Surya Kant and Justice NK Singh reportedly urged Additional Solicitor General (ASG) Aishwarya Bhati to seek clarification on crypto rules from the central government.
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Ripple Partners With Two Banks to Launch Cross-Border XRP Payments in the UAE
Ripple has partnered with the Zand Bank and Mamo in the UAE, to enable cross-border payment solutions as well as on and off-ramp services for banks, crypto firms, and fintechs from around the world. Ripple is the first authorised blockchain payments provider for the DIFC.
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Coinbase Faces Multiple Lawsuits After User Data Breach: ReportÂ
At least six lawsuits have been filed against Coinbase following a cybersecurity incident that led to a breach of user account data, a report by CoinTelegraph claimed on Monday. The plaintiffs have said that Coinbase failed to train its employees adequately that led to the incident.
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Dubai's VARA Sets June 19 Deadline for Crypto Firms to Comply With Updated Activity-Based Rulebooks
Dubai's Virtual Assets Regulatory Authority (VARA) introduced changes to its crypto policies aiming to increase risk oversight and ensure investor security. The policy changes focuses on deploying more control around margin trading and token distribution services among others.
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Bitcoin Price Drops Below $103,000 Amid Ongoing Market Uncertainty
The overall crypto market cap slipped by 0.50 percent in the last 24 hours. Bitcoin and Ether, both registered notable losses on Monday. Tether, Ripple, and Solana followed BTC and ETH into losses. Meanwhile, Monero and Leo managed to log minor gains.
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WazirX Reimbursement Plan Faces Delay as Singapore Court Extends Existing Moratorium to June 6
WazirX has been directed by the Singapore High Court to complete some more documentation work before giving it the go-ahead to implement its restructuring scheme. For now, the Singapore court has extended its moratorium cover to WazirX and Zettai to 6 June.
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Coinbase Faces Up to $400 Million Reimbursement Cost After Recent Cyberattack
Coinbase has estimated that it could see expenses between $180 million (roughly Rs. 1,541 crore) - $400 million (roughly Rs. 3,426 crore) as it sets to manage the situation after a recent data breach incident. As part of the attack, cybercriminals managed to lure in funds from the exposed users under false claims and Coinbase plans to voluntarily r...
-
UK Government Updates Crypto Reporting Guidelines, Mandates Collection of Crypto Transaction Data
The UK government has instructed crypto firms to collect user details including transaction data under the Crypto Asset Reporting Framework (CARF). The UK officials have said that crypto companies found in violation of these laws can invite penalties of up to GBP 300 (roughly Rs. 35,000).
-
HSBC Launches Blockchain-Based Tokenised Deposit Service in Hong Kong
HSBC has launched a new tokenised deposit service for Hong Kong-based corporate clients. Singapore-based fintech firm Ant International was the first corporate to use this service that supports real time payments between HSBC Hong Kong wallets throughout the day.
-
What is US' Stablecoin-Focussed GENIUS Act: Everything to Know
The US stablecoin bill has advanced to the House of Senate for the final approval. Dubbed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, this legislation aims to set clear rules around the issuing and management of stablecoins in the US. Â
-
Security Scare At Salman Khan's Mumbai House, Man And Woman Arrested
A man and a woman were arrested by the Mumbai Police for allegedly attempting to enter Bollywood actor Salman Khan's residence this week, police said on Thursday.
-
Bitcoin Surpasses $111,500 to Set New All-Time High; Majority of Altcoins Follow Suit in Market Rally
Bitcoin and Ether, both registered notable gains on Thursday, May 22. The overall crypto market cap rose by 3.56 percent in the last 24 hours. Bitcoin created a new historic all time high, touching $111,593 (roughly Rs. 95.6 lakh) amid supportive developments brewing in the US and other parts of the world.
-
Trump Memecoin Holders Set to Dine With US President, Tron Founder Justin Sun Confirms AttendanceÂ
US President Donald Trump is expected to dine with 220 holders of the "Official Trump" token at a golf course in Virginia on May 22. Justin Sun, the owner of the Tron blockchain, is among the VIP attendees of this gala dinner.Â
-
Bitcoin Surges Past $107,000 for First Time Since January as Altcoins Rally
The overall crypto market cap rose by 0.87 percent in the last 24 hours. Bitcoin and Ether, both registered profits on Wednesday, May 21. Dogecoin, Tron, and Avalanche registered gains. Meanwhile, Ripple joined Cardano and Chainlink in clocking losses.
-
US DoJ Said to Open Probe Into Coinbase Data Breach, Firm Claims Involvement of Indian Employees
Coinbase has reportedly claimed that the contractors and employees who were bribed to leak its user data to the cyberattackers were from India. The US Department of Justice (DoJ) has now joined the US Securities and Exchange Commission (SEC) in the ongoing investigation.
-
Supreme Court Questions Lack of Crypto Regulatory Measures, Oversight: Report
A Supreme Court bench of Justice Surya Kant and Justice NK Singh reportedly urged Additional Solicitor General (ASG) Aishwarya Bhati to seek clarification on crypto rules from the central government.
-
Ripple Partners With Two Banks to Launch Cross-Border XRP Payments in the UAE
Ripple has partnered with the Zand Bank and Mamo in the UAE, to enable cross-border payment solutions as well as on and off-ramp services for banks, crypto firms, and fintechs from around the world. Ripple is the first authorised blockchain payments provider for the DIFC.
-
Coinbase Faces Multiple Lawsuits After User Data Breach: ReportÂ
At least six lawsuits have been filed against Coinbase following a cybersecurity incident that led to a breach of user account data, a report by CoinTelegraph claimed on Monday. The plaintiffs have said that Coinbase failed to train its employees adequately that led to the incident.
-
Dubai's VARA Sets June 19 Deadline for Crypto Firms to Comply With Updated Activity-Based Rulebooks
Dubai's Virtual Assets Regulatory Authority (VARA) introduced changes to its crypto policies aiming to increase risk oversight and ensure investor security. The policy changes focuses on deploying more control around margin trading and token distribution services among others.
-
Bitcoin Price Drops Below $103,000 Amid Ongoing Market Uncertainty
The overall crypto market cap slipped by 0.50 percent in the last 24 hours. Bitcoin and Ether, both registered notable losses on Monday. Tether, Ripple, and Solana followed BTC and ETH into losses. Meanwhile, Monero and Leo managed to log minor gains.
-
WazirX Reimbursement Plan Faces Delay as Singapore Court Extends Existing Moratorium to June 6
WazirX has been directed by the Singapore High Court to complete some more documentation work before giving it the go-ahead to implement its restructuring scheme. For now, the Singapore court has extended its moratorium cover to WazirX and Zettai to 6 June.
-
Coinbase Faces Up to $400 Million Reimbursement Cost After Recent Cyberattack
Coinbase has estimated that it could see expenses between $180 million (roughly Rs. 1,541 crore) - $400 million (roughly Rs. 3,426 crore) as it sets to manage the situation after a recent data breach incident. As part of the attack, cybercriminals managed to lure in funds from the exposed users under false claims and Coinbase plans to voluntarily r...
