cryptocurrency

March 11, 2025 9:35 PM

India set to become the world’s largest web3 developer hub by 2028: report

India is fast emerging as a global leader in the Web3 sector, with a recent report projecting the country will become the largest hub for Web3 developers by 2028. The 'India Web3 Landscape' report, released by Hashed Emergent on Tuesday, highlighted India's rapid growth in this space, with over 4.7 million developers joining GitHub in 2024 alone. This surge accounts for 17 percent of all new Web3 developers worldwide, positioning India as the second-largest base for crypto developers globally. ...

January 20, 2025 5:56 PM

US: Melania Trump launches her cryptocurrency

Former US First Lady Melania Trump has introduced her own cryptocurrency, $MELANIA, just days after her husband Donald Trump launched his $TRUMP meme coin, CNN reported. In a social media announcement on Sunday, Melania unveiled her digital currency, writing, "The Official Melania Meme is live! You can buy $MELANIA now. https://melaniameme.com." The launch coincided with a dip in the value of Donald Trump’s cryptocurrency, which had been trading strongly since its debut two days earlier. Mem...

January 20, 2025 5:48 PM

Trump’s second term marks new cryptocurrency era

Advocates and holders of crypto will soon influence U.S. policy on the emerging technology after a slew of nominations and advisory appointments by President-elect Donald Trump, who takes office on Monday. The crypto industry has spent years fighting lawsuits and enforcement actions by the U.S. government. It hopes the incoming Trump administration will mark a shift in policy. Political appointees will be vetted for potential conflicts. Some have committed to selling their interests. The indu...

November 14, 2024 12:49 PM

Crypto market capitalisation hits record $3.2 trillion, CoinGecko says

The value of the global cryptocurrency market has topped $3 trillion and is in uncharted territory as the election of Donald Trump as U.S. president spurred bets that friendlier U.S. regulation could usher in a new boom for all corners of the asset class. The sum market value of cryptocurrencies touched a high of nearly $3.2 trillion early on Nov. 14 in Asia, according to analytics and data aggregator CoinGecko. That puts it above even the heady days of 2021, when pandemic-era stimulus pumped ...

October 30, 2024 3:19 PM

Cryptocurrency promoters intensify Beijing’s propaganda on X

Cryptocurrency-linked accounts on the social media platform X are increasingly amplifying Beijing’s propaganda, with investigations revealing their connection to "Spamouflage," a covert Chinese disinformation campaign targeting Western audiences. According to a report by Voice of America (VOA), these accounts, which primarily focus on cryptocurrency-related content, have been found promoting messages aligned with China’s interests. Spamouflage, a network of bots posing as legitimate informa...

June 24, 2024 6:02 PM

Cyber attack compromised Indonesia data centre, ransom sought

A cyber attacker compromised Indonesia's national data centre, disrupting immigration checks at airports, and asked for an $8 million ransom, the country's communications minister told Reuters on Monday. The attack disrupted several government services, most notably at airports last week, with long lines forming at immigration desks. Automated passport machines were now functioning, the communications ministry said. Minister Budi Arie Setiadi said the attacker used a new variant of existing ma...

April 30, 2024 5:52 PM

Binance’s CEO Zhao faces sentencing over money laundering violations

The former chief executive of Binance, the world's largest cryptocurrency exchange, could face years in prison when he is sentenced on Tuesday after his guilty plea to violating U.S. money-laundering laws. U.S. prosecutors have told District Judge Richard Jones in Seattle that they want Changpeng Zhao, who goes by "CZ," to serve twice the maximum 18 months recommended under federal guidelines. Prosecutors said a tough sentence for the man once considered the most powerful person in the crypto ...

April 30, 2024 3:17 PM

TON takes off on Telegram tie-up

A coin called TON has leapt in value in recent months, with investors betting its integration with messenger service Telegram could bring the cryptocurrency to the app's estimated 900 million users. Telegram endorsed TON in September last year, saying the blockchain and associated token would be its "official Web3 infrastructure". Earlier this month, TON said that Tether tokens could also be issued on its blockchain, allowing Telegram users to send the stablecoin to each other within...