India Risks Losing $2 Billion in Crypto Tax Revenue as Traders Flee Offshore
India’s stringent crypto tax policies are driving traders to offshore platforms, jeopardising over $2 billion in tax revenue over the next five years, according to a recent report by the Esya Centre. Missed Revenue from Offshore Platforms Since July 2022, India has missed out on approximately ₹6,000 crore ($724 million)
Solana (SOL) Drops to $183 but Shows Signs of Rebound
Solana (SOL) has faced a sharp downturn, with its price plunging below the crucial $200 support level to reach $183. The drop comes amid a wider cryptocurrency sell-off triggered by macroeconomic pressures. Notably, the Federal Open Market Committee (FOMC) meeting saw the Federal Reserve cut interest rates by 25 basis
Tether Bets Big on Rumble with $775 Million Investment
Tether, the powerhouse behind the world’s largest stablecoin, is expanding its horizons beyond cryptocurrency. The company has announced a $775 million investment in Rumble, a video-sharing platform known for its appeal among right-wing influencers. This move marks Tether’s second major investment outside the crypto sphere, reflecting its ambitions to build
Pepe Whale Stuns Binance with $2.72M Deposit Amid Price Dip
A significant transaction involving 150 billion Pepe (PEPE) tokens has sparked discussions within the cryptocurrency community. The move, observed by Lookonchain, highlights a whale’s reaction to the volatile PEPE market. Whale Deposits $2.72M Worth of PEPE on Binance The PEPE whale deposited 150 billion tokens, valued at $2.72 million, into
North Korean Hackers Dominate as Crypto Thefts Surge to $2.2bn in 2024
2024 marked a grim milestone for cryptocurrency platforms, with threat actors stealing $2.2 billion globally, according to Chainalysis. North Korean hackers accounted for a staggering 61% of these illicit funds, highlighting the persistent threat posed by state-sponsored cybercrime. A Year of Escalating Crypto Heists The year saw a 21% year-on-year
Pudgy Penguins’ PENGU Token Launches with $312M Market Cap
The Pudgy Penguins NFT project has taken the crypto world by storm once again, debuting its native token, PENGU, with a market cap of $312 million. Following an airdrop to NFT holders, the Solana-based token witnessed impressive trading activity, reflecting the enduring appeal of the Pudgy Penguins brand. Airdrop and
Revolut to Enhance Crypto Security with Risk Scores and Fraud Protections
Revolut is set to extend its proven payment security system, Revolut Pay, to crypto customers in a bid to combat rising fraud. From the start of 2025, crypto merchants and exchanges will gain access to enhanced due diligence tools, direct API integration, and end-to-end control over payment processes, offering a
Crypto Investment Products Hit 10th Consecutive Week of Inflows
Digital asset investment products continue to experience significant growth, recording their 10th consecutive week of inflows as Bitcoin reaches new heights. According to CoinShares’ latest weekly flows report, the week of December 9-13 saw inflows of $3.2 billion, highlighting strong investor interest in cryptocurrencies. Bitcoin Leads the Charge with $2
Bitcoin Tops $106K, Achieves Record 40:1 Bitcoin-to-Gold Ratio
Bitcoin has reached a monumental milestone, surpassing $106,000 per coin and achieving a record Bitcoin-to-gold ratio of 40:1. This remarkable development underlines Bitcoin’s growing purchasing power and its position as a modern alternative to gold. Bitcoin-to-Gold Ratio Hits All-Time High The Bitcoin-to-gold ratio, which measures Bitcoin’s price relative to gold,
Donald Trump’s Crypto Portfolio: TROG Leads the Way
Former U.S. President-elect Donald Trump has solidified his presence in the crypto world, with TROG becoming the most prominent digital asset in his portfolio. According to Arkham Intelligence data from Dec. 12, Trump holds $8.1 million in cryptocurrencies, with TROG accounting for $2.2 million, or 27% of his holdings. A
