June 19, 2024 By Anjali Kochhar Authorities in Zhejiang province, China, have detained a criminal group that used digital yuan accounts to fraudulently cash out more than 200,000 yuan (about $27,566) in just four days as part of a major crackdown on digital currency fraud. The People’s Bank of China (PBOC) created the digital yuan, […]

June 18, 2024 By Anjali Kochhar India’s Enforcement Directorate (ED) has discovered a major Ponzi fraud involving cryptocurrency operations run by Highrich Online Group and its digital currency, HR Crypto Coin. The raid, which began on June 11, saw searches conducted at 14 locations in Kerala, Maharashtra, and Chhattisgarh, targeting the group’s promoters and leaders

June 18, 2024 By Sharan Kaur Phillora Biaoqing, a memecoin launched on the Ethereum blockchain, has generated widespread interest and seen its market cap soar from a few thousand dollars to $24 million shortly after its launch on June 9th. This rapid growth has captivated the cryptocurrency community, highlighting the coin’s potential and unique appeal.

June 17, 2024 By Anjali Kochhar MicroStrategy, a leading business analytics organization, is making a splash in the cryptocurrency realm with its latest statement. The corporation has announced ambitions to raise $500 million through a convertible bond issue to further extend its Bitcoin holdings. Currently holding an impressive 214,400 BTC valued at approximately $14.52 billion,

June 17, 2024 By Sharan Kaur Phillora A criminal gang in China has been sentenced for laundering over 200,000 yuan ($27,580) using the nation’s central bank digital currency (CBDC), the digital yuan. The case highlights the potential risks of money laundering with the new digital form of currency. Here’s what we know: The People’s Procuratorate

 June 14, 2024 By Sharan Kaur Phillora Chinese President Xi Jinping has publicly commended Andrew Chi-Chih Yao, the chief scientist of the Conflux network and a professor at Tsinghua University, in an open letter dated June 12, 2024. Here’s what we know: In his letter, President Xi praised Yao for his significant contributions to education

 June 14, 2024 By Anjali Kochhar Unexpectedly, the Beijing-based Industrial and Commercial Bank of China (ICBC) has praised Ethereum’s transformational potential, comparing it to “digital oil” in a recent paper. Notwithstanding China’s strict cryptocurrency laws, the bank’s recognition of Ethereum’s importance is a noteworthy turning point in the global use of digital assets. Founded in

 June 14, 2024 By Anjali Kochhar Biaoqing coin, the newest craze in the cryptocurrency industry, is going to be listed on well-known exchange Bitmart in a ground-breaking move. Leading exchanges are expected to follow suit shortly. Having launched on June 9th on the Ethereum blockchain, $BIAO has witnessed an unprecedented surge in its market cap,

June 13, 2024 By Anjali Kochhar Blockchain technology is rapidly evolving, driving innovation in DeFi, gaming, asset tokenization, and overcoming adoption challenges with rollups. In this interview with Dr. Ravi Chamria, Co-Founder & CEO, Zeeve we explore the dynamic landscape of blockchain technology in 2024, highlighting its adoption, emerging applications, and the challenges hindering its widespread

June 13, 2024 By Anjali Kochhar Blockchain technology, which is commonly connected with cryptocurrencies, is proving to be much more than just a tool for digital banking. Its revolutionary potential is now being used to address a variety of social and humanitarian issues around the world. Blockchain is making considerable progress in improving transparency, security,