Us Cryptocurrency

A lawsuit has been filed against Coinbase by a group of six of its customers, claiming that Coinbase has been a part of a shadowy crypto ecosystem operating just outside of the law since formed over 10 years ago.

The Enforcement Directorate on Saturday said it has seized cryptocurrency worth more than Rs 130 crore and arrested a Uttarakhand-based man as part of a drugs trafficking-linked money laundering probe initiated on the request of US authorities.

Authorities in the US have reportedly identified compliance violations from Jack Dorsey’s Block firm. Among other allegations, the probing officers have alleged that Block had been processing multiple crypto transactions even from nations that are part of the US’ sanctions list.

Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating US laws against money laundering at the world's largest cryptocurrency exchange.

The founder of cryptocurrency firm Binance was sentenced to four months in US prison on Tuesday after pleading guilty to money laundering charges, in the most high-profile crypto case since Sam Bankman-Fried was jailed.

US prosecutors want Changpeng Zhao, the founder and former chief executive of Binance, the world's largest cryptocurrency exchange, to serve three years in prison after he pleaded guilty to violating laws against money laundering.

Arming up to tackle this expected rise in crypto tax evasion cases, the IRS in the US is already forging partnerships with several law enforcement divisions to improve the criminal identification process.

Hong Kong has approved the trading of spot BTC and ETH ETFs on Monday, April 15. The final approval was signed by the Hong Kong Securities and Futures Commission (SFC). Spot ETFs track the current price of commodities and allow traders to get exposure to the current price of BTC without having to purchase and hold the asset.

Spot bitcoin exchange-traded funds could be launched in Hong Kong this month with the first approvals likely to be announced next week, two people familiar with the matter said.

The overall crypto market dropped by 3.22 percent in the last 24 hours. On Wednesday, April 10 both Bitcoin and Ether saw losses. Most cryptocurrencies including Tether, Solana, Dogecoin, and Cardano clocked price dips alongside BTC and ETH. Bitcoin’s upcoming halving and US CPI data release is weighing heavy on crypto prices.

KuCoin has become the latest international crypto exchange to have completed compliance with India’s FIU. The tax deduction process on KuCoin for Indian investors and traders will begin on April 10 and the authorities will deposit the amount to India’s financial authorities.

KuCoin has been charged by US prosecutors along with two of its founders for failing to comply with US anti-money laundering rules. One of the world's largest cryptocurrency exchanges, KuCoin was established in 201. It has now been charged with “wilfully failing” to establish and maintain a program to keep the platform from being used for illic...

The overall crypto market cap dropped by 0.50 percent in the last 24 hours. Bitcoin and Ether – both recorded losses on Wednesday, March 27. Majority of the popular cryptocurrencies are trading in losses on Wednesday, these include Solana, Tether, and Avalanche. Dogecoin and Shiba Inu, meanwhile, emerged among profit-minting cryptocurrencies.

An estimated 92 percent of manufacturing firms in the US are exploring ways to add a metaverse twist to their existing business operations, the WEF has said in its recent report. The industrial metaverse is projected to be a $100 billion (roughly Rs. 8,29,018 crore) market globally by 2030, the report predicts.

The BRICS group is planning to develop a digital payment network, backed by digital currencies. The aim is to bring a wave of de-dollarisation into effect.

A lawsuit has been filed against Coinbase by a group of six of its customers, claiming that Coinbase has been a part of a shadowy crypto ecosystem operating just outside of the law since formed over 10 years ago.

The Enforcement Directorate on Saturday said it has seized cryptocurrency worth more than Rs 130 crore and arrested a Uttarakhand-based man as part of a drugs trafficking-linked money laundering probe initiated on the request of US authorities.

Authorities in the US have reportedly identified compliance violations from Jack Dorsey’s Block firm. Among other allegations, the probing officers have alleged that Block had been processing multiple crypto transactions even from nations that are part of the US’ sanctions list.

Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating US laws against money laundering at the world's largest cryptocurrency exchange.

The founder of cryptocurrency firm Binance was sentenced to four months in US prison on Tuesday after pleading guilty to money laundering charges, in the most high-profile crypto case since Sam Bankman-Fried was jailed.

US prosecutors want Changpeng Zhao, the founder and former chief executive of Binance, the world's largest cryptocurrency exchange, to serve three years in prison after he pleaded guilty to violating laws against money laundering.

Arming up to tackle this expected rise in crypto tax evasion cases, the IRS in the US is already forging partnerships with several law enforcement divisions to improve the criminal identification process.

Hong Kong has approved the trading of spot BTC and ETH ETFs on Monday, April 15. The final approval was signed by the Hong Kong Securities and Futures Commission (SFC). Spot ETFs track the current price of commodities and allow traders to get exposure to the current price of BTC without having to purchase and hold the asset.

Spot bitcoin exchange-traded funds could be launched in Hong Kong this month with the first approvals likely to be announced next week, two people familiar with the matter said.

The overall crypto market dropped by 3.22 percent in the last 24 hours. On Wednesday, April 10 both Bitcoin and Ether saw losses. Most cryptocurrencies including Tether, Solana, Dogecoin, and Cardano clocked price dips alongside BTC and ETH. Bitcoin’s upcoming halving and US CPI data release is weighing heavy on crypto prices.

KuCoin has become the latest international crypto exchange to have completed compliance with India’s FIU. The tax deduction process on KuCoin for Indian investors and traders will begin on April 10 and the authorities will deposit the amount to India’s financial authorities.

KuCoin has been charged by US prosecutors along with two of its founders for failing to comply with US anti-money laundering rules. One of the world's largest cryptocurrency exchanges, KuCoin was established in 201. It has now been charged with “wilfully failing” to establish and maintain a program to keep the platform from being used for illic...

The overall crypto market cap dropped by 0.50 percent in the last 24 hours. Bitcoin and Ether – both recorded losses on Wednesday, March 27. Majority of the popular cryptocurrencies are trading in losses on Wednesday, these include Solana, Tether, and Avalanche. Dogecoin and Shiba Inu, meanwhile, emerged among profit-minting cryptocurrencies.

An estimated 92 percent of manufacturing firms in the US are exploring ways to add a metaverse twist to their existing business operations, the WEF has said in its recent report. The industrial metaverse is projected to be a $100 billion (roughly Rs. 8,29,018 crore) market globally by 2030, the report predicts.

The BRICS group is planning to develop a digital payment network, backed by digital currencies. The aim is to bring a wave of de-dollarisation into effect.