Category: Uncategorized

India Has Seen 92 Drug Trafficking Cases in Four Years Involving Dark Net and Crypto
India has seen as many as 92 cases since 2020 till April 2024 involving dark net and cryptocurrencies to purchase drugs, the nation’s junior Home Minister Nityanand Rai said to parliament on Wednesday.

Crypto-Friendly Revolut Finally Earns UK Banking License
Revolut has entered a “mobilization stage”, designed for new banks to operate with restrictions.

Stablecoins Signal Crypto Ecosystem Buoyancy as Market Cap Jumps to 4B
Renewed expansion in stablecoins is bullish for the broader crypto market.

India to Release Its Crypto Policy Stance by September After Stakeholder Consultations: Report
India plans to put out a discussion paper outlining its policy stance on cryptocurrencies before September, according to Indian news outlet Moneycontrol citing an interview with Senior Finance Ministry Official Ajay Seth.

Deutsche Telekom Joins RWA-Focused XDC as Infrastructure Provider in Digital Asset Push
The company already runs nodes on multiple blockchain networks and is considering bitcoin mining plans, its web3 head revealed last month at a conference.

Bitcoin Plunges To K as U.S. Tech Rout Hits Crypto, Leads to 0M Long Bets Being Liquidated
BTC nosedived from over $65,500 to $64,100 within minutes in the early hours of Thursday as Asian markets suffered.

Ether Down Over 7.5% as ETHE Outflows Ramp Up
Most Ether ETFs were in the green during the Wednesday U.S. trading session, but Grayscale’s converted Ethereum Trust ETF posted a net outflow of over $800 million.

CME's Ether Futures Record Highest Ever Open Interest of 383K ETH After ETF Debut
The approval and subsequent trading of spot ether ETFs in the U.S. has reinvigorated the market, CME’s Giovanni Vicioso said.

Sygnum's First-Half Spot Crypto Trading Doubles, Derivatives Increase 500%
The surging trading volumes helped the bank reach profitability for the first time.

Bitcoin Holds Up as Tech Stocks Plunge, Ether Sinks a Day After ETF Launch
Solana’s SOL and Ripple’s XRP were notable outperformers.