Author: Simran Mishra

Chainalysis Tracked 1,800 Wallets Moving $44M Daily Through Telegram Based Crypto Laundering Networks Chinese crypto laundering networks moved around $16.1 billion in illegal cryptocurrency during 2025, according to a new Chainalysis report. This amount made up nearly 20% of all illegal crypto laundering recorded worldwide last year. The report shows these networks have become a major part of global crypto crime by using new methods that are harder for authorities to track. Chainalysis estimated that criminals laundered more than $82 billion through cryptocurrencies in 2025, compared with around $10 billion in 2020. The sharp increase shows how organized crime groups…

PIB Warns Public Against Fake Crypto Posts, Says India Still Does Not Recognize Crypto as an Asset The Indian government has denied a viral social media claim that said the Finance Ministry asked the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) to regulate cryptocurrency. The Press Information Bureau (PIB) Fact Check Unit said the claim is fake and confirmed that the government has not issued any such direction. The post spread across social media and led many people to believe that India was preparing to introduce new crypto rules. It even used official…

Petition Says Only 10 of 35 FIRs Were Merged as GainBitcoin Victims Push for Unified SIT Probe India’s biggest crypto scam has reached an important stage after the Supreme Court asked the Central Government to respond to a petition seeking a Special Investigation Team (SIT) probe. The petition says a single investigation is needed because the GainBitcoin scam allegedly cheated more than one lakh investors across the country. The case came before a Bench led by Chief Justice Surya Kant along with Justice Joymalya Bagchi and Justice V. Mohana on July 14. The petition was filed by seven founding members…

Apple Maps Ad Rules Bar Home Services, Crypto ATMs Before Launch Apple is preparing to launch Apple Maps ads, but not every business will get the chance to advertise. The company has introduced new advertising rules that stop home services and crypto ATM businesses from placing ads on Apple Maps. The decision shows Apple wants to keep the platform simple, trusted, and easy to use. Apple updated its Advertising Services policy on July 14. Under the new rules, businesses offering plumbing, electrical work, locksmith services, HVAC repairs, pest control, roofing, and general contracting cannot buy ads on Apple Maps. Crypto…

Investors Lured With 7.5% Monthly Return Promise, Goa Trips Before ₹50 Crore Hardoi Crypto Scam Unraveled Hardoi Police have registered an FIR against five people in an alleged Rs. 50 crore crypto forex investment scam that promised fixed monthly returns and attractive rewards. Police said the accused used the names Bombitex Exchange and BMax Reality to convince people that the investment plans were genuine. The case reached the Pali police station after several investors claimed they lost money through the scheme. According to the FIR, the accused held promotional events in Hardoi, Sitapur, Lakhimpur Kheri, and Lucknow to attract new…

India’s 39 Million Crypto Users Hold $2.1 Billion as RBI Tightens Market Oversight India’s crypto market continues to expand despite strict regulations, with nearly 39 million users holding digital assets worth around $2.1 billion. The growing user base places India among the world’s largest crypto markets, while the Reserve Bank of India continues to strengthen oversight across exchanges and wallet providers. The latest figures show that India’s crypto ecosystem remains active even under one of the toughest regulatory and tax environments. Market participation has stayed steady, although policymakers continue prioritizing financial stability over rapid digital asset adoption across the country.…

Binance Hits $1 Billion in Stock Holdings Within a Month as Stablecoins Power Global Expansion Binance is preparing for its next stage of growth by moving beyond cryptocurrency trading. The company wants to build a Binance Super App that offers payments, stablecoins, stocks, and other financial services in one place. The goal is to make the platform useful for daily money transfers and investing instead of only crypto trading. The plan was shared by Shunyet Jan, Binance’s Head of Spot Trading and Derivatives, during the company’s ninth anniversary. He said trading will always remain an important part of Binance. Still,…

Himachal Crypto Scam: ED Hunts Dubai-Based Mastermind as 2.5 Lakh Investors Await Justice The Himachal crypto scam continues to move slowly even after two years of investigation. Around 69 of the 76 accused have already received bail, while the court trial has not started. The Enforcement Directorate has arrested only two suspects since beginning its investigation in 2024, raising fresh questions about the progress of the case. Officials say the alleged crypto fraud affected nearly 2.5 lakh investor accounts across Himachal Pradesh and nearby states. Investigators estimate the fraud caused losses of about Rs. 500 crore, while total investments in…

Bitget Wallet has Crossed 100 Million Users as Crypto Payments Become More Popular Than Trading: Stablecoin Adoption Continues to Grow Across Emerging Markets Bitget Wallet has reached 100 million users worldwide, showing how people now use crypto for everyday payments instead of only trading. The company said daily payment users have become more active than traders for the first time in its history.  The milestone highlights a major change in the crypto market, where digital assets are becoming useful for daily financial needs instead of only investments. The company said this trend is growing faster in developing regions. More than…

ED Says Investor Funds Were Routed Through Company Accounts Before Buying Mumbai Properties in ATC Coin Case The Enforcement Directorate (ED) has attached assets worth Rs. 55.5 crore in Mumbai in the alleged ATC Coin Fraud case. The agency said the properties and bank accounts are linked to money collected from investors through a cryptocurrency investment scheme that promised high and fixed returns. The action comes under the Prevention of Money Laundering Act (PMLA). According to the ED, the attached assets include 11 commercial shops, four residential flats, and bank balances linked to Jewria Services Club India Pvt. Ltd., Viva…