Author: Bhavesh Maurya

What Is Bitcoin and How Does It Work? Understanding Blockchain, Mining, Wallets, and Why the World’s Largest Cryptocurrency Continues to Attract Investors, Institutions, and Everyday Users in the Digital Economy Bitcoin (BTC) has grown from an unknown experiment on the internet to a financial asset worth over $1.25 trillion. BTC is changing the way investors think about currency, investing and technology. BTC was created in 2009 by an anonymous developer known as Satoshi Nakamoto, as a way to provide a decentralized replacement for conventional financial systems after the 2008 economic crisis. Bitcoin today is the world’s largest cryptocurrency by market…

CLARITY Act faces tougher Senate path as ethics disputes, developer protection concerns and law enforcement objections complicate bipartisan negotiations on US crypto market regulation. Bipartisan efforts to move the Digital Asset Market CLARITY Act have run into a fresh roadblock in Washington; there are disagreements over ethics provisions and concerns from law enforcement groups. Journalist Eleanor Terrett, citing a Democratic source, described the latest Senate meeting as “rocky,” saying Republicans and White House pulled back from an earlier agreement made before last month’s Senate Banking Committee markup.   Ethics Debate Emerges as Major Roadblock At the centre of the dispute is…

Over 200 crypto companies and advocacy groups are pushing the US Senate to advance the CLARITY Act and create a clearer federal framework for digital asset regulation. Over 200 cryptocurrency companies, trade associations, and advocacy groups have united to push the US Senate toward advancing the Digital Asset Market CLARITY Act, one of the key crypto regulatory proposals currently under consideration in Washington. After passing the Senate Banking Committee by unanimous vote, the coalition sent a letter to Senate Majority Leader John Thune and Senate Democratic Leader Chuck Schumer imploring lawmakers to place the bill on the Senate floor. Supporters…

Indian crypto enthusiast earns over $17,500 from viral tattoo bounty as Solana-based WORLDCUP memecoin rallies 130% before tournament. An Indian crypto enthusiast, Arivu, transformed a bounty challenge into a profitable opportunity after getting the memecoin ticker “$boutywork” tattooed on his forehead. The challenge was published on Pump.fun’s bounty marketplace, and set the challenge reward price to 40 SOL worth $7,500. Eventually, Arivu posted the images online and said the tattoo was his “most personal submission” to date. But the bounty was soon a topic of controversy once users found out about a ticker spelling mistake. The plan was to list…

ED arrests crypto trader Robin Khandelwal in alleged Sriki-linked laundering case involving cross-border crypto accounts, UK entities and Bitcoin-funded domain transfer. The Directorate of Enforcement (ED) arrested cryptocurrency trader Robin Khandelwal on Tuesday (June 3) in the ongoing investigation into the money laundering case of hacker Srikrishna Ramesh, popularly known as Sriki. The agency said Khandelwal was a significant intermediary in the handling and conversion of virtual digital assets obtained via cybercrime activities since 2016-17. The investigation indicates that several cryptocurrency accounts were held and digital assets were transferred and disposed of from various accounts, including those held in foreign…

Crypto Taxation in India: 10 Key Rules Investors Must Know About 30% Tax, 1% TDS, No Loss Set-Off and ITR Reporting Crypto taxation in India has become a major compliance issue as more investors trade Bitcoin, Ethereum, stablecoins, NFTs and other digital assets. Under Indian tax law, cryptocurrencies are classified as Virtual Digital Assets (VDAs). They are not recognised as legal tender, but income earned from their transfer is taxable. The government introduced the current crypto tax framework in the Union Budget 2022. Since then, profits from the sale or transfer of VDAs have been taxed at a flat 30%,…

Crypto News Today: Bitcoin ETFs See $519 Million Outflows, Ethereum Coinbase Premium Drops, TesseraDAO Loses $2.5 Million and Zcash Rallies 13% Overview: Bitcoin spot ETFs saw $519.19 million in net outflows, led by BlackRock’s IBIT with $388.64 million in daily withdrawals Ethereum’s Coinbase Premium fell to nearly -0.16, its lowest level since February 2026, signaling weaker US buying pressure  Zcash gained over 13% in 24 hours as shielded supply reached a record 5.1 million ZEC and network hashrate hit 16.3 GH/s The crypto market saw major developments as Bitcoin spot ETFs recorded $519.19 million in net outflows, while Ethereum’s Coinbase…

Bitcoin Falls to $70,000 as Strategy’s First BTC Sale, $3 Billion ETF Outflows, Heavy Liquidations and Weak Global Risk Sentiment Pressure Crypto Market Bitcoin trades at $69,746.8 at press time, with a 4.58% decline in the last 24 hours as investors reacted to the first reported Bitcoin sell-off from Strategy and weakened risk appetite globally. The world’s largest cryptocurrency has fallen around 9% in the past seven days. BTC now trades at its lowest price since early April and just above the 23.6% fib retracement at $68,987. The sell-off was not limited to Bitcoin. Ethereum fell below the $2,000 level…

Ripple Unlocks 1 Billion XRP From Escrow Worth Over $1.33 Billion as Circulating Supply Reaches 61.85 Billion Tokens and Debate Over Remaining 38.15 Billion XRP Burn Continues According to Whale Alert, Ripple unlocked 1 billion XRP tokens from escrow as part of its monthly unlock schedule. The current release has taken place in three different purchases, worth over $1.33 billion. The biggest one was 500 million XRP valued at approximately $666.07 million. A total of 400 million XRP valued at nearly $532.86 million was released through the second transaction and 100 million XRP valued at approximately $133.21 million was released…

FBI Seizes Record $8 Billion in Crypto as Global Scam Compound Crackdown Targets Organized Crime Networks, Trafficking Rings and Online Fraud Operations Across Asia, Dubai and Myanmar After 127,000 Bitcoin Forfeiture and Hundreds Arrested Worldwide In a massive international operation against scam compounds and organized crime groups, the FBI has seized $8 billion worth of cryptocurrency and arrested hundreds of suspects. The action was directed against groups allegedly stealing from US citizens with crypto investment scams, romance scams, impersonation scams, and other online fraud schemes. According to the FBI, the operation included the seizure of more than 127,000 bitcoin during…