Crypto News

The Crypto news category comprises articles and videos focussing on the current crypto market events and developments.

In a FinCEN order against Bitzlato, Binance is listed as a counterparty.

In a FinCEN order against Bitzlato, Binance is listed as a counterparty.

U.S. investigators accuse Bitzlato Exchange of money laundering $700 million. In an injunction against the obscure cryptocurrency exchange Bitzlato, which U.S. officials suspect of laundering $700 million, Binance was mentioned as a counterparty. Why Binance was mentioned as a counterparty? The Financial Crimes Enforcement Network (FinCen) of the Treasury Department listed Binance as one of…

US Charges Bitcoin Exchange Bitzlato With Money Laundering

US Charges Bitcoin Exchange Bitzlato With Money Laundering

Authorities have detained the founder of the obscure website and accused it of laundering money linked to illegal Russian financial activity. According to officials during a news conference in Washington on Wednesday, the U.S. Justice Department and Treasury Department have charged Bitzlato Ltd. with money laundering and detained the company’s creator in Miami. In order…

Seoul’s Metaverse Replica is Launched by South Korea

Seoul’s Metaverse Replica is Launched by South Korea

According to Forkast on Monday, South Korea is bringing Seoul to the metaverse by releasing a virtual version of the city with the aim of enhancing its public services. The virtual environment, known as Metaverse Seoul, is anticipated to be finished by 2026. In the first phase, users are invited to utilize avatars to read…

Crypto Scams are On the Rise During this FIFA Worldcup 2022.

Crypto Scams are On the Rise During this FIFA Worldcup 2022.

The top five Crypto Scam involving the ongoing FIFA World Cup Qatar 2022 have been listed by international cybersecurity company Kaspersky. Million of Football Fans at Risk Millions of football lovers from around the world tune in to watch the FIFA World Cup. Crypto Scammers utilize a variety of methods to capitalize on soccer fans’…

Japanese To Begin Digital Yen Pilot  by Next Year 2023

Japanese To Begin Digital Yen Pilot by Next Year 2023

Japanese Government is considering digitalizing YEN by the next year 2023, as soon as possible. Read More in the details below. Japanese central bank working for Digital YEN. The Japanese central bank is apparently planning to launch a trial involving “consumers and private sector enterprises” in the spring of 2023 to test the viability of…

Hong Kong to launch Pilot project for Digital Yuan

Hong Kong to launch Pilot project for Digital Yuan

Mainland’s First cross-border pilot project for the digital yuan is poised to be jointly launched by China and Hong Kong as the People’s Bank of China (PBoC)-led project gets closer and closer to becoming live. Howard Lee, the Deputy Chief Executive of the Hong Kong Monetary Authority (HKMA), told Shanghai Securities News that Hong Kong…

Australians are advised not to scan crypto paper wallets found on the street.

Australians are advised not to scan crypto paper wallets found on the street.

Crypto Paper Wallet Scams are increasing in Australia. Australian Police Warn People Australians have been cautioned to avoid suspicious-appearing fraudulent Bitcoin paper wallets that trick users into accessing a profitable crypto wallet but eventually deplete their own cryptocurrency holdings. A Nov. 22 post on the NSW Police Force’s Facebook page claims that the fraud begins…

Binance.US to Bid for Voyager as FTX Drops Out

Binance.US to Bid for Voyager as FTX Drops Out

Binance.US, the American subsidiary of crypto exchange Binance, is reportedly seeking to acquire crypto credit provider Voyager Digital after FTX dropped out of the process. Voyager announced last week, following the fall of FTX “Voyager has reopened the bidding process for the company, and is in active discussions with alternative bidders.” The Wall Street Journal reported that…

Genesis Global halted withdrawals following ‘unprecedented market volatility.’

Genesis Global halted withdrawals following ‘unprecedented market volatility.’

Genesis Global, a crypto lending firm, announced plans to suspend redemptions and new loan applications on Nov. 16. Genesis Global halted withdrawals due to the FTX issue Genesis Global credited its selection of particular markets in part to various events that drove them into the market. One such event was the difficult disappearance of Bitcoin…

1% TDS on Virtual Digital Assets (Cryptocurrency and others)

1% TDS on Virtual Digital Assets (Cryptocurrency and others)

As per the new law, the purchaser of virtual digital assets (VDA) is required to deduct 1% of the amount paid to the seller ( resident Indian) as income tax deducted at source (TDS). TDS on Virtual Digital Assets. What is TDS? A tax deduction is an expense that can be subtracted from your taxable income. This…

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