Author: Bhavesh Maurya

Zerodha’s Nikhil Kamath Advocates Gold-Backed Stablecoin as India Holds Over 25,000 Tonnes of Household Gold, Warning That Rising Dependence on Dollar-Linked Crypto Assets Could Weaken India’s Long-Term Financial Sovereignty and Digital Economic Independence The co-founder of Zerodha, Nikhil Kamath, suggested that India should explore a gold-based stablecoin instead of a dollar-linked stablecoin. This step could unlock value from the massive quantity of idle gold held by households across the country and also ease the dependence on the US dollar-based financial system in the long run. Kamath recently hailed UPI as a significant milestone in the field of digital finance innovation…

ITR Filing 2026: Crypto Investors Face 30% Tax, While Undisclosed Foreign Assets Can Attract Rs. 10 Lakh Penalty and Up to 7 Years Jail Under India’s Stricter Tax Reporting Rules As more Indian investors are investing in cryptocurrencies and foreign stocks, compliance with tax rules regarding these assets has become a crucial part of the ITR filing. Gains from cryptocurrency and other foreign investments must now be properly disclosed in income tax returns to avoid penalties, interest charges, or legal action. Crypto Gains Attract Flat 30% Tax The Virtual Digital Asset (VDA) framework in India imposes a flat tax rate…

Bengaluru Woman Loses Over Rs. 20 Lakh in MetaMask Wallet Hack Within Two Hours as Stolen Crypto Assets Including Ethereum, WBTC, and USDC Were Traced to Accounts Linked With KuCoin Exchange A 29-year-old woman from Bengaluru is said to have lost assets worth over Rs. 20 lakh as hackers allegedly accessed her MetaMask wallet and removed funds within hours, raising the alarm about the cybersecurity threats in the digital asset space. The complainant, resident of Electronic City noticed that within a span of a few hours, her crypto assets were missing in the early hours of April 28, 2026, according…

WazirX Launches ‘Guardians of Trust’ for 16 Million Users, Introducing Security Updates, Proof of Reserves, Fraud Awareness Campaigns, and Transparency Tools as Crypto Platforms Increase Focus on Compliance and Digital Asset Protection Indian crypto exchange WazirX, with its ongoing efforts to enhance transparency, bolster security messaging, and inform users about the risks within the rapidly changing crypto landscape, has initiated a new trust and safety program called “Guardians of Trust.” As global adoption of cryptocurrencies steadily gains momentum, so do various concerns regarding scams, phishing attacks, and digital asset security. According to WazirX, the new hub will streamline all security…

Coinbase Cuts 700 Jobs (14% Workforce), Offers 16 Weeks Pay, Equity Vesting, and 6 Months COBRA; $50–$60M Restructuring Cost as Firm Shifts Toward AI-Driven Operations and Leaner Teams Amid Crypto Market Volatility Coinbase has announced a notable reduction in its workforce for its broader restructuring plan, cutting around 700 jobs, which represents about 14% of its global workforce. The move is expected to cost the company between $50 million and $60 million, covering severance pay, benefits, and related expenses. Severance Package Structure  According to CEO Brian Armstrong, affected employees will be issued a comprehensive severance package that will see them…

DeLorean launches $DMC token on Solana with Wormhole integration, enabling cross-chain access as tokenized asset adoption grows, leveraging Solana’s high throughput to bring iconic IP to millions of DeFi, NFT, and retail users globally. DeLorean Motor Company takes a major step into the digital asset space, as its Web3 arm, DeLorean Labs, is launching its native $DMC token onto the Solana ecosystem. The move marks a notable convergence of cultural heritage and blockchain infrastructure, making DeLorean one of the first major brands globally to enter decentralized finance and tokenized ecosystems. It is being implemented, with the assistance of the Solana…

Fake HSBC and HKDAP stablecoins surface in Hong Kong despite zero official launches, as HKMA warns investors, highlighting a $315B market vulnerability, 5.6% licensing approval rate, and rising risks of bank-branded crypto scams globally. Hong Kong witnessed a new kind of advanced crypto deceit in which counterfeit stablecoins posing as large financial institutions have found their way into the market. The Hong Kong Monetary Authority (HKMA) has issued a warning after tokens with the label HKDAP and HSBC appeared, even though no official launches were made by licensed issuers. This comes weeks after Hong Kong awarded its first licensed rollout…

Galaxy Digital Posts $216M Q1 Loss as Revenue Falls to $10.2B, Shifts to B2B Infrastructure Model with $2.6B Liquidity to Offset Crypto Volatility and Build Stable Institutional Revenue Streams Galaxy Digital is in a period of transition as it shifts its focus from cryptocurrency trading to a business-to-business (B2B) financial infrastructure model to develop sustainable, long-term sources of revenue. Q1 Performance Reflects Market Pressure Galaxy Digital reported a net loss of $216 million during Q1 2026 primarily because of revaluation losses that occurred after digital asset prices dropped around 20%. Total revenue declined to $10.2 billion from $12.9 billion in…

Bitbank Launches Japan’s First Crypto Credit Card Enabling Bitcoin Bill Payments with 0.5% Cashback, Tapping 80%+ Card Penetration and Expanding Real-World Crypto Use in Regulated Financial Ecosystem The Japanese cryptocurrency ecosystem takes a notable step toward mainstream crypto adoption. Bitbank’s new offering, a crypto-connected credit card, marks the integration of traditional financial services and cryptocurrency payments. Bitbank’s First Crypto Payment Card Bitbank, a Japanese cryptocurrency exchange, has launched a Visa-backed credit card that lets users pay their monthly expenses with cryptocurrency. In a press release, the company announced its collaboration with EPOS Card, the financial technology arm of Marui Group,…

India’s Crypto Security in 2026: 120M Users, 60% Losses from Social Engineering, Rising Deepfake & SIM-Swap Threats Highlight Need for Strong KYC, MPC Wallets, and Cold Storage to Protect Digital Assets The cryptocurrency market in India has grown exponentially, with over 120 million users right now. However, this also makes it a bigger target for hackers, and security is a major concern for investors. This growth invites more advanced threats, with estimates suggesting over 60% of cryptocurrency-related losses in South Asia are now due to social engineering schemes.  Evolving Threat Landscape in India Scams in the blockchain and cryptocurrency world…