In a striking revelation that highlights the complex interplay between emerging technologies and regulatory frameworks, India’s Goods and Services Tax (GST) authorities have unmasked a staggering tax evasion saga involving 17 cryptocurrency exchanges. This involves a remarkable total of $99.1 million in taxes that have been reportedly evaded. Nest Services Ltd., an entity connected to
Crypto
In November, BNB Chain witnessed an alarming increase in malicious activities, particularly Sandwich attacks, which surged to a staggering 35.5% of its blocks. This dramatic statistic underscores a growing threat within the decentralized finance (DeFi) space, which is meant to foster transparency and trust among users. Over the course of that month, a troubling 645
The cryptocurrency landscape is often marked by volatility and rapid shifts, with coins rising and falling in value seemingly overnight. Among the latest players to gain significant attention is PEPE, a meme coin that has made headlines for its remarkable price surge. Recently, PEPE resumed a noteworthy bull rally after an initial surge in early
The world of cryptocurrency, celebrated for its decentralization and security, still harbors vulnerabilities that can lead to devastating financial losses. A recent incident involving a user on the social platform X, who goes by the handle “LeftsideEmiri,” highlights the alarming prevalence of social engineering attacks in the crypto arena. This case serves not only as
The NFT landscape is constantly evolving, and few projects have managed to attract attention as effectively as the Pudgy Penguins. The announcement of their upcoming cryptocurrency, Pengu, has stirred excitement and speculation within both the NFT and broader cryptocurrency communities. Set to launch on the Solana blockchain, the Pengu token aims to establish a new
On December 5, 2024, Bitcoin’s valuation astonishingly crossed the $100,000 threshold, prompting The Financial Times (FT) to issue an unusual statement framed as an “apology.” This message, disseminated via FT Alphaville, the outlet’s platform for daily commentary, was quickly met with a mixed bag of reactions, particularly from the cryptocurrency community. While it purported to
The ongoing lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against cryptocurrency exchange Binance, its American counterpart Binance.US, and former CEO Changpeng Zhao, reflects deepening tensions in the evolving world of digital asset trading. The legal clash is rooted in allegations that these entities were operating an unregistered securities exchange through their dealings
In a bold move that underscores its commitment to innovative financial strategies, Semler Scientific has once again expanded its cryptocurrency portfolio, purchasing $30 million worth of Bitcoin. This latest acquisition, which was finalized between November 25 and December 4, 2024, saw the healthcare technology provider secure an additional 303 BTC at an average price of
Bitcoin, the flagship cryptocurrency, is renowned for its erratic price fluctuations that astonish both seasoned investors and newcomers alike. This week has been no exception as Bitcoin surged to an impressive $102,000 before retreating slightly in the wake of a significant correction. The price volatility has made it both a potentially lucrative investment and a
Bitcoin recently captivated the financial world with an unprecedented price surge, exceeding $100,000 for the first time in its history. This meteoric rise, marked by an increase of more than $30,000 since November 6, has spurred both excitement and caution among investors. Such a significant jump often prompts profit-taking, leading to fluctuations in market dynamics