The United Arab Emirates has quietly built a substantial Bitcoin position valued at approximately $700 million, or nearly Rs. 5,800 crore, through state-supported mining operations. The move underscores the Gulf nation’s long-term strategic commitment to digital assets, blockchain infrastructure, and technological sovereignty. Rather than acquiring Bitcoin through open-market purchases, the UAE has leveraged energy-backed mining… Continue reading UAE Amasses Rs. 5,800 Crore Bitcoin Reserve Through State-Backed Mining Initiative
Bithumb’s $44 Billion Bitcoin Discrepancy Triggers Regulatory Alarm in South Korea
South Korea’s financial regulators have intensified scrutiny of domestic cryptocurrency exchanges following revelations of a $44 billion — approximately Rs. 3.65 lakh crore — discrepancy linked to Bitcoin holdings at Bithumb. The development has raised fresh concerns about reserve transparency, accounting integrity, and systemic risk within one of Asia’s most active digital asset markets. Authorities… Continue reading Bithumb’s $44 Billion Bitcoin Discrepancy Triggers Regulatory Alarm in South Korea
South Korea Launches Investigation Into Crypto Exchange Over Alleged $40 Billion ‘Phantom Bitcoin’ Irregularities
South Korean authorities have initiated a sweeping investigation into a domestic cryptocurrency exchange accused of reporting nearly $40 billion — approximately Rs. 3.32 lakh crore — in what regulators suspect may be fictitious or improperly accounted Bitcoin holdings. The probe centers on discrepancies between declared digital reserves and verifiable blockchain data, raising concerns about transparency,… Continue reading South Korea Launches Investigation Into Crypto Exchange Over Alleged $40 Billion ‘Phantom Bitcoin’ Irregularities
Crypto.com Acquires AI.com for Rs. 580 Crore in Landmark Domain Deal Ahead of Super Bowl Push
Crypto.com has secured AI.com in what is being described as the most expensive domain acquisition in history, paying approximately $70 million — nearly Rs. 580 crore — entirely in cryptocurrency. The purchase comes just ahead of the Super Bowl, where the company plans to unveil a new artificial intelligence platform built around a personal AI… Continue reading Crypto.com Acquires AI.com for Rs. 580 Crore in Landmark Domain Deal Ahead of Super Bowl Push
French Authorities Arrest Five in Crypto-Linked Kidnapping of Magistrate and Mother
French law enforcement agencies have detained five individuals in connection with the abduction of a magistrate and her mother in a case tied to an alleged cryptocurrency ransom scheme. The victims were held for nearly 30 hours before being discovered injured in a garage in southeastern France. Investigators believe the crime may have been motivated… Continue reading French Authorities Arrest Five in Crypto-Linked Kidnapping of Magistrate and Mother
XRP Outpaces Rivals in Swift Recovery Following Broad Crypto Market Correction
XRP has staged a notable rebound after a sweeping downturn in the cryptocurrency market, outperforming several major digital assets in percentage gains and trading momentum. While the broader market struggled under macroeconomic uncertainty and declining liquidity, XRP demonstrated relative resilience, supported by renewed investor confidence, improving regulatory clarity and strong trading volumes. Analysts point to… Continue reading XRP Outpaces Rivals in Swift Recovery Following Broad Crypto Market Correction
Dogecoin Slips Below Rs. 7.50 as Market Headwinds Eclipse Social Media Optimism
Dogecoin has retreated sharply, falling below the psychological threshold of Rs. 7.50 (approximately $0.09), as broader cryptocurrency market weakness offsets periodic bursts of enthusiasm linked to high-profile endorsements. The decline reflects macroeconomic uncertainty, declining retail participation and risk-averse investor sentiment across digital assets. While social media activity and public commentary from influential figures have historically… Continue reading Dogecoin Slips Below Rs. 7.50 as Market Headwinds Eclipse Social Media Optimism
Bitcoin’s Wild Swings Put Crypto’s Investment Case Under Fresh Scrutiny
Bitcoin’s recurring price volatility is once again challenging its reputation as both a reliable store of value and a hedge against macroeconomic uncertainty. Sharp rallies followed by abrupt corrections have amplified questions about liquidity depth, institutional participation and the durability of retail-driven demand. While proponents argue that volatility reflects a maturing asset class undergoing price… Continue reading Bitcoin’s Wild Swings Put Crypto’s Investment Case Under Fresh Scrutiny
China Broadens Digital Asset Crackdown to Stablecoins and Tokenized Securities
China has intensified its regulatory campaign against digital assets by expanding enforcement measures to include stablecoins and asset tokenization platforms. Authorities signaled heightened scrutiny of financial products that mimic traditional securities or enable cross-border capital movement through blockchain infrastructure. The move reflects Beijing’s broader objective of maintaining monetary sovereignty, preventing systemic financial risks and reinforcing… Continue reading China Broadens Digital Asset Crackdown to Stablecoins and Tokenized Securities
South Korean Crypto Exchange Mistakenly Disburses $40 Billion in Bitcoin, Exposing Operational Fragilities
A leading South Korean cryptocurrency exchange is under regulatory and market scrutiny after mistakenly transferring approximately $40 billion in Bitcoin to user accounts due to a system malfunction. The erroneous payout, equivalent to nearly Rs. 3.3 lakh crore depending on prevailing exchange rates, stemmed from a backend reconciliation failure during a routine technical update. Although… Continue reading South Korean Crypto Exchange Mistakenly Disburses $40 Billion in Bitcoin, Exposing Operational Fragilities