Crypto users Financial News

Crypto isn’t just a playground for hackers wiping out investors’ cash.

crypto landscape in India, the Financial Intelligence Unit (FIU) India has issued a critical notice to offshore entities, signalling a significant stride in regulatory measures within the sector. Particularly directed at major exchanges like Binance, KuCoin, Kraken and others, this notice has garnered attention prompting discussions on compliance and potential repercussions. Edul Patel, the Founder and CEO of Mudrex, in an exclusive conversation with the EconomicTimes.com offered detailed insights into the implications of FIU’s directive of issuing show cause notice to offshore entities operating within India's rapidly expanding cryptocurrency sector. He emphasised the ramifications of this move on the industry's regulatory landscape and its potential impact on offshore exchanges and the Indian crypto users. Here are some key takeaways and insights shared by him during the conversation. To watch the full conversation, click here.

The UK national taxing authority has asked crypto users to disclose any unpaid taxes they might have in order to avoid fines. 

Spain’s tax administration agency, popularly called Agencia Tributaria has released new rules governing digital asset reporting in the country that will see holders declare their foreign-held assets.

Crypto security analytics firm SlowMist has uncovered a new phishing scam in China that uses a fake Skype video app to target crypto users.

A new phishing scam has emerged in China that uses a fake Skype video app to target crypto users.

Delhi Police's Special Cell is currently investigating a case of cryptocurrency theft. As per a TOI report by Raj Shekhar, approximately Rs 4 crore was stolen from a west Delhi businessman's wallet. The police were able to trace some recipient wallet IDs but faced difficulties in tracking down the end users.

Approximately 50% of crypto users are investing in digital assets to improve their everyday living standards.

Moheeth Alvi, group product manager at Coinbase Advanced, joins Cointelegraph’s Hashing It Out podcast with host Elisha Owusu Akyaw for an in-depth discussion about pro traders in the cryptocurrency space. 

The African continent is considered a significant market for crypto adoption due to its youthful population, flawed economic management by governments, and inadequate financial infrastructure for internal and global connectivity.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

Cheems Balltze, the dog behind viral images of the Shiba Inu enjoying cheeseburgers, died in his sleep on Aug. 18 amid a battle with cancer. 

Blockchain encyclopedia IQ.wiki has launched a GPT-4 search engine for crypto users based on OpenAI's ChatGPT, and it plans to integrate more artificial intelligence (AI) features. 

The Internet's third generation, Web3, often presents complexities that could overwhelm even the most experienced users. With multiple platforms and resources to sift through, managing Web3 activities can be quite challenging. 

The Diabolic Drive’s name sounds as ominous as its potential payload. The recently developed USB wireless keystroke injection tool is intended to stress test networks, but could it potentially be used as a means to steal cryptocurrency from unwitting users?

Crypto insurance providers spend enormous amounts of time judging whether to provide coverage to a crypto company, and almost none of them offer assurances to individuals, insurance and crypto executives told Cointelegraph.

The legendary creator of Bitcoin, Satoshi Nakamoto, turned 48 years old today, at least according to information provided to the global network P2P Foundation when they registered.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

The collapse of Silicon Valley Bank (SVB) saw investors loading their bags with USD Coin (USDC), along with an exodus of funds from centralized exchanges (CEXs) to decentralized exchanges (DEXs).

The top Russian anti-money laundering regulator says that it is “monitoring” over 25,000 crypto users – and claims it has sophisticated tools that let it detect illegal activities.

Almost half of South Korean crypto holders think Bitcoin (BTC) prices will rise this week, a survey has found.