Author: Kelvin Munene

India’s August GST collections rose 14.8% to nearly Rs. 2 lakh crore as import revenue surged. Bitcoin also topped $80,000, but GST data cannot determine whether crypto traders cashed out gains and spent those profits on taxable goods and services.

Tamil Nadu Police have transferred six cases linked to the alleged Rs. 400 crore FQL crypto fraud to the Economic Offences Wing as complaints reportedly reached 40,000. Investigators are tracing USDT transactions, Binance-linked wallets, bank accounts and possible international connections. Tamil Nadu Police have transferred six cases linked to an alleged Rs. 400 crore FQL multi-level marketing and cryptocurrency trading fraud to the Economic Offences Wing. The move came as complaints from investors reportedly rose to about 40,000 across four districts. The cases involve FQL Investment Trading, FQL Exchange App and VG Investment Group Syndicate. Police said the alleged network…

Crypto SIP returns in India depend on market timing, asset choice, investment duration, fees and taxes. Regular purchases reduce timing risk, while XIRR provides a more accurate performance measure. However, market volatility and India’s 30% VDA tax can reduce realised gains. Crypto SIP returns in India can vary widely, even when investors contribute the same amount regularly. Market timing, token selection, fees and taxes shape the final result. A recurring plan spreads purchases across prices, but it cannot guarantee profits. It also cannot protect capital during a prolonged market fall. This applies equally to all investors. Bitcoin’s long-term record has…

The CFTC warns about crypto ATM scams after FBI data shows over $388 million in reported losses during 2025. Losses increased 58%, with people over 50 accounting for more than $302 million. The regulator urges consumers to verify unusual payment requests independently and report suspected fraud. The Commodity Futures Trading Commission warned Americans about crypto ATM scams after reported losses exceeded $388 million during 2025. The regulator’s August 26 alert also covered scammers seeking payments through gift cards, unfamiliar apps and couriers. The FBI’s Internet Crime Complaint Center received 13,460 complaints involving cryptocurrency kiosks last year. Complaints increased 23% from…

Better and Coinbase now offer Bitcoin-backed mortgages to eligible US homebuyers, allowing down payment borrowing without selling BTC. Borrowers must pledge Bitcoin worth at least 250% of their down payment loan. Better can sell the collateral if payments fall 60 days overdue.

A federal jury convicted Brent Kovar of running a $24 million crypto Ponzi scheme through Profit Connect. Prosecutors said the company used false AI mining claims and fixed-return promises to defraud at least 400 investors.

CoinDCX trained Mira-Bhayander, Vasai-Virar police officers on cryptocurrency investigations, blockchain transactions, digital evidence, and cyber fraud. The programme supports its nationwide cooperation with law enforcement agencies and its ₹100-crore Digital Suraksha Network.

India plans to launch its first tokenized corporate bond through state-owned REC in September. The issue will total less than ₹5 billion and use blockchain, wholesale CBDC wallets and DEMAT 2.0 for settlement. The pilot will serve selected investors, with secondary trading expected by December.

Indian crypto exchanges reported higher spot and futures volumes after Bitcoin approached $80,000. BitDelta India CEO Vikaas M. Sachdeva compared crypto’s current development with India’s mutual fund market in 1995 while discussing digital assets’ portfolio role and regulation.

Bitcoin and Dogecoin ranked as the leading crypto pairing across all age groups on CoinSwitch in Q2 2026. Younger users drove new participation but sold more, while older investors recorded stronger buying activity and held more diversified portfolios.