Photo: India Today

Ahmedabad Man Arrested In $9.3 Lakh Cryptocurrency Fraud

The Central Bureau of Investigation has initiated a case against an accused individual. The allegations state that this individual, an Indian national, contacted a US citizen using the pseudonymous identity of "James Carlson" over the phone. He falsely claimed to be from the Fraud Department of a Multi-National Company and informed the victim that someone had attempted to order a computer using the victim's account on the same company.

Sat, 21 Oct 2023 - 02:25 PM / by Varsha Joshi

Tags: Cryptocurrency, Indian man, CBI, arrested, Bitcoins Fraud


Photo: India Today

Cryptocurrency Trading: Bitcoin Surges $30,000 First Time Since June 2022

Bitcoin has gained traction, evidenced by the recent surge in its price. The bitcoin price has crossed the $30,000 mark on October 20, fueling optimism in the market. The major factor behind this surge is the recent development in the XRP case, as SEC dismissed to file charges, which led to rebelieve of investors. Now, the market of cryptocurrency and trading looks fine, making bitcoin strong asset in 2023.

Fri, 20 Oct 2023 - 05:08 PM / by Varsha Joshi

Tags: trading, Bitcoin, Investment, Cryptocurrency, business

Courtesy: Twitter


Photo: The Economic Times

Money Laundering Laws Applies To Crypto Trading: GoI

In a setback to Indian bitcoin traders, India’s money laundering laws will now apply to trade in cryptocurrencies, said the federal government. In a notification dated March 7, the Government of India said, "The exchange between virtual digital assets and fiat currencies, the exchange between one or more forms of virtual digital assets and the transfer of digital assets will be covered under money laundering laws." 

Wed, 08 Mar 2023 - 09:00 PM / by Varsha Joshi

Tags: Cryptocurrency, Indian government, MONEY LAUNDERING, Notification, Traders

Courtesy: The Indian Express


Photo: The Economic Times

Cryptocurrency Company Transfers $10.5 Millions By Mistake

In a shocking incident, due to an unfortunate typo, cryptocurrency exchange mistakenly issued a customer A$10.5 million ($7.2 million) rather than the expected A$100 ($68). The transaction was made in May 2021, which was realised by the company during the Audit in December 2021. However, by the time mistake was discovered, the customer Thevamanogari Manivel, has withdrawn all the money and spent it lavishly, and is now facing legal… read-more

Thu, 01 Sep 2022 - 07:16 PM / by Varsha Joshi

Tags: Cryptocurrency, Bizarre, Transaction, Audit, Australian Company, money

Courtesy: Zee News India

Enforcement Directorate

Photo: Indian Express

ED Holds Yellow Tune Technologies' Assets, Totaling Rs 370 Cr In Money Laundering Case

Enforcement Directorate (ED) has frozen assets worth Rs 370 crore belonging to a Bengaluru-based business linked to quick loan apps investigation. Assets were stored in Flipvolt cryptocurrency exchange wallets, bank-accounts, and payment gateway balances. Flipvolt is the Indian division of Singaporean crypto lender Vauld. Yellow Tune, according to ED, was a shell business with Chinese nationals as board of directors, and money was put into… read-more

Sat, 13 Aug 2022 - 04:00 PM / by Vidhi Jhunjhunwala

Tags: Enforcement Directorate, bengaluru, Money laundering case, Assets Seized, Cryptocurrency

Courtesy: DNA INDIA


Photo: Zee5

24Carret, India's 1st Cryptocurrency High Yield Account, Offers Passive Income

24Carret, which was founded by IIT BHU and IIM Ahmedabad alumni, is now available to Indians through the Carret app. Carret, which was founded in India, believes in the cryptocurrency ecosystem's long-term potential for passive income generation. Carret is introducing crypto yield accounts as the world of decentralised finance develops. Crypto yield accounts enable users to… read-more

Sat, 06 Aug 2022 - 05:35 PM / by Vidhi Jhunjhunwala

Tags: passive income, 24Carret, Cryptocurrency, high yield account, India

Courtesy: ANI

RBI Governor - Union FM

Photo: Live Mint

RBI Expressed Concern Over Cryptocurrency In India: FM Sitharaman

The FM Nirmala Sitharaman said the RBI has expressed concerns over cryptocurrencies. On July 18, Nirmala Sitharaman said, they should be prohibited as they can have a destabilising effect on monetary and fiscal stability. FM said, "In view of the concerns expressed by the RBI on the destabilising effect of cryptocurrencies on the monetary and fiscal stability of a country, the RBI has recommended for framing of legislation".

Mon, 18 Jul 2022 - 06:39 PM / by Varsha Joshi

Tags: FM Nirmala Sitharaman, Cryptocurrency, RBI Policy, Prohibited, Union Govt


Photo: The Balance

ED Issues Notices To Cryptocurrency Firms Amid FEMA Violations

Amid guidelines violations, the Enforcement Directorate (ED) is working to crackdown cryptocurrency firms, and issued notices to crypto exchange companies CoinSwitch and CouinDCX. The issued summons were under investigation happened last year, in which the ED pulled up ZebPay for violating foreign exchange law. Furthemrore, cases against CoinSwitch and CoinDCX is under investigation, as the companies allegedly having illegal foreign exchange… read-more

Wed, 06 Jul 2022 - 05:10 PM / by Varsha Joshi

Tags: Enforcement Directorate, Cryptocurrency, Notices, Bengaluru-ED, FEMA Violations

Courtesy: News 18


Photo: News18

Crypto-Market Begins To Recover Following Recent Downturn

Bitcoin has dropped about half of its value since its November high and has been hovering around $30,000 for the past month. Some investors believe bitcoin has reached a bottom, based on the amount of money flowing into listed cryptocurrency funds, which represent a small portion of the market. Funds experienced an average weekly inflow of $66.5 million, reversing a disastrous April loss of $49.6 million. 

Tue, 07 Jun 2022 - 02:55 PM / by Vidhi Jhunjhunwala

Tags: Cryptocurrency, Bitcoin, Stock market, Downfall, Funds

Courtesy: NDTV

India's First Cryptocurrency, GanderCoin

Photo: Twitter

India's First Cryptocurrency, GanderCoin, Launches In Market

GanderCoin, India's first and primary cryptocurrency, entered the market on May 30. GanderCoin is now available on three main Indian crypto trading platforms: CoinCRED, COINLORD, and iNDOEX. GanderCoin's major goal is to deliver the greatest digital financial services while maintaining integrity, simplicity, and transparency. GanderCoin's starting price is 10 rupees (in INR), which is equal to 0.13 USDT. Its current total market supply is 10,… read-more

Wed, 01 Jun 2022 - 09:23 PM / by Vidhi Jhunjhunwala

Tags: Cryptocurrency, India, Gandercoin, Digital coin, COINLORD

Courtesy: ANI