Author: Kelvin Munene
Kelvin Munene
Kelvin Munene is a crypto and finance journalist with over 6 years of experience in market analysis and expert commentary. He holds a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University and is known for meticulous research in cryptocurrency, blockchain, and financial markets. His work has been featured in top publications including Coingape, Cryptobasic, MetaNews, Coinedition, and Coincentral. Kelvin specializes in uncovering emerging crypto trends and delivering data-driven analyses to help readers make informed decisions. Outside of work, he enjoys chess, traveling, and exploring new adventures.
Bitcoin fell 1.29% to USD 84,202.50 as crypto liquidations exceeded USD 400 million in one hour. The decline followed USD 118.86 million in spot Bitcoin ETF inflows on October 6, with traders awaiting the Federal Reserve’s September meeting minutes.
Binance lets eligible users convert supported stocks into bStocks and back at a 1:1 ratio without conversion fees. The tokens support 24/7 trading and withdrawals to compatible wallets, but do not grant direct shareholder rights. U.S. persons cannot access the product.
RBI Governor Sanjay Malhotra said India supports blockchain and tokenisation but remains cautious about cryptocurrencies over risks to monetary policy, currency control and capital flows. He identified central bank digital currencies as a possible option for improving cross-border payments.
SunCrypto offers recurring crypto investments in India, with amounts starting at Rs. 100 for certain assets. Users can schedule weekly or monthly purchases of Bitcoin, Ethereum, and other supported tokens, though the plans remain exposed to price declines and do not guarantee returns.
Myanmar scam networks use fake jobs and investment schemes to exploit victims, moving stolen funds through mule accounts and cryptocurrency. Indian agencies trace banking and digital records, while cross-border cooperation helps authorities identify suspects, freeze assets, and pursue recovery.
India’s Enforcement Directorate renewed its five-year agreement with NFSU to expand cyber-forensic labs, tools, and training. The agency cited NFSU’s crypto and blockchain tracing expertise, but the agreement does not announce a separate crypto unit or new investigative powers.
Pushpendra Singh has called for cuts to India’s stock-market taxes, arguing that lower costs could encourage investment. Raamdeo Agrawal expects an earnings-led recovery, while a review of investment treaties may leave foreign firms facing lengthy dispute procedures. No tax cuts have been announced.
Crypto remains popular among young Indians, including investors outside major cities, despite a 30% tax on gains and unclear regulations. Access to global markets and interest in blockchain draw investors, while recent enforcement against non-compliant exchanges shows tighter oversight.
Asentum, EDEL and Origin LGNS lead CoinGecko’s India trending crypto list despite Bitcoin’s rally above USD 86,000. However, the rankings track user attention rather than investment flows, while low liquidity and small market values increase trading risks.
Bitcoin climbed to an eight-month high near USD 85,000 as spot ETF inflows and short liquidations increased buying pressure. The cryptocurrency also reclaimed its 50-week moving average, while Ethereum and other major altcoins recorded strong gains.