The United Nations seems to be getting ready to hop onboard the Web3-express now that rules and regulations to govern this niche sector have begun surfacing around the world. Aiming to help countries around the world achieve their sustainable development goals, the United Nations Development Programme (UNDP) has decided to launch a blockchain academy next…
Bitcoin on Tuesday, December 5 marched ahead on the price ladder and registered a fresher nineteen-month high for itself. With a profit of 2.59 percent, Bitcoin is presently trading at the price point of $41,738 (roughly Rs. 34.8 lakh). In the last 24 hours, the value of Bitcoin has risen by $1,160 (roughly Rs. 96,728)….
WazirX, CoinDCX, and CoinSwitch are among the 28 crypto firms that have registered their operations with the Indian Financial Intelligence Unit (FIU). This registration is vital and was first mandated to be completed by firms dealing in virtual digital assets back in March this year. In India, entities dealing in crypto assets are categorised as…
The world of banking is gearing up to explore the use cases of up-and-coming technologies like Artificial Intelligence (AI) and the metaverse to benefit their present working conditions. JP Morgan, for instance, is excitedly looking to try out immersive training applications for new bank staff members, all through the metaverse technology. The idea was recently…
Over 100 websites, which facilitated organised illegal investments and task-based part time job frauds, were blocked following a recommendation of the Union Home Ministry. According to an official statement, these websites were being operated by overseas actors. The Indian Cybercrime Coordination Centre (I4C), a wing of the Union Home Ministry, through its vertical National Cybercrime…
The Income Tax Department of India is issuing alerts around high-value crypto transactions. The matter came to light earlier this week when Punit Agarwal observed a rise in income tax-related queries tied to crypto transactions from the income tax department. Agarwal is the founder of KoinX, a firm that provides crypto tax management solutions in…
Bitcoin on Thursday, December 28 recorded a profit of 1.38 percent on Thursday, December 28. With this, the value of Bitcoin has risen to the price point of $43,064 (roughly Rs. 35.8 lakh). In the last 24 hours, Bitcoin has spiked in its value by $846 (roughly Rs. 70,426). At the time of writing, Bitcoin…
As part of compliance action against the offshore entities, Financial Intelligence Unit India (FIU IND) has issued show cause notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs) under Section 13 of the Prevention of Money Laundering Act (PMLA). According to an official release from the Ministry of Finance, “Virtual Digital Assets Service…
Software firm MicroStrategy said on Wednesday it had bought bitcoin worth about $615.7 million (Rs. 5,120 crore) in cash, amid growing expectations that the top US markets regulator will soon approve a spot bitcoin exchange traded fund (ETF). The company and its subsidiaries purchased about 14,620 bitcoins at an average price of roughly $42,110 (roughly…
The global citizenry, this year, seemingly remained very dazzled by all things AI (Artificial Intelligence) — the Search trends on Google has indicated. Throughout the course of the year of 2023, Google searches around crypto, Bitcoin, and related-Web3 keywords did not rank high, losing spots particularly to AI-related keywords like ChatGPT. This dip in people’s…
