Author: Simran Mishra

NEET Papers Get Six-Layer Protection as NTA Tightens Exam Security Across India

Crypto ITR 2026: Who can file by August 31, report VDA income, claim TDS refund?

The Fun Coffee crypto scheme has reportedly cost investors HK$107.5 million across Hong Kong and Macao. Police arrested eight suspects after receiving 264 complaints linked to the scheme. Victims between 32 and 83 years old lost between HK$3,000 and nearly HK$9.6 million. Police suspect the platform used high returns and personal referrals to attract more investors. Fun Coffee started promoting its investment platform in Hong Kong in late 2025. The company presented itself as a coffee technology and smart farming business. It asked investors to deposit USDT and promised returns as high as 278%. The platform first attracted people through…

Delhi Police arrested six suspects across Rajasthan and Madhya Pradesh after busting an interstate crypto scam targeting a Delhi resident. The gang allegedly stole Rs. 4.29 lakh through online tasks, fake cryptocurrency investments, and fabricated profits displayed on fraudulent trading platforms. The case began after fraudsters contacted the victim through messaging groups, posing as digital marketing recruiters offering quick earnings. Small initial commissions helped build trust before operators shifted the victim toward a bogus cryptocurrency trading platform. The platform showed rising profits, encouraging larger deposits through several bank accounts and UPI payment routes. When the victim attempted withdrawals, scammers demanded…

Clarity Act Could Give Banks, Brokers, and Asset Managers Confidence to Launch More Crypto Products in the US JPMorgan has said that delays in the Clarity Act are slowing the crypto market in the United States. The bank believes the lack of clear rules is stopping many large financial companies from increasing their crypto investments. Bitcoin traded around $64,650 on July 30 while the market continued to move in a narrow range. The warning came after the US Senate delayed work on the Clarity Act before its summer recess. Prediction markets now give the bill only a 37% chance of…

ED Finds Nearly Rs. 19 Crore in Linked Bank Accounts as Fake Call Centre Probe Expands Across Multiple Cities The Enforcement Directorate has alleged that an international fake call centre scam routed money collected from US citizens through cryptocurrency and hawala networks before bringing it into India.  The Hyderabad zonal office traced the money trail while investigating alleged kingpin Vikas Kumar Nimar, who faces charges under the Prevention of Money Laundering Act after FIRs by Madhapur Police and a related CBI case. Investigators alleged the syndicate targeted foreign nationals, mainly US citizens, through fake technical support calls between 2017 and…

Crypto Exchange Closures Reflect Lower Trading Volumes, Rising Compliance Costs as Bigger Platforms Gain Market Share

Investigators Recover $12,000 in Crypto, Rs. 13.5 Lakh Cash as ED Traces Bitcoin Money Trail in Hyderabad Scam The Enforcement Directorate (ED) has arrested Vikas Kumar Nimar, also known as Misty, in a major fake call centre scam linked to Hyderabad. Officials said the group cheated many people in the United States and later moved the illegal money into Bitcoin and other cryptocurrencies. The arrest came after fresh ED searches in Hyderabad and Ahmedabad as part of an ongoing money laundering investigation. After taking Nimar into custody, officials took him to Gandhi Hospital for a medical examination before producing him…

New Tool Generates Schedule VDA-Ready Reports Using FIFO Method for Faster Crypto Tax Filing Across Exchanges Indian crypto exchange WazirX has launched Taxlyst, a free crypto tax reporting tool that helps investors prepare their tax reports before the July 31 income tax filing deadline. The platform allows users to upload transaction histories from different crypto exchanges and generate tax reports within minutes. Taxlyst is designed to make crypto tax reporting simple and quick. Many investors use more than one exchange, and calculating taxes manually can take a lot of time. The platform automatically calculates crypto gains, losses, and estimated tax…

Fake Sparrow Wallet Never Existed on iPhone, Lawsuit Says Apple Missed Warning Signs Before $1.8M Losses Apple is facing a lawsuit after three iPhone users claimed they lost nearly $1.8 million in Bitcoin through a fake crypto wallet app on the App Store. The case has raised fresh questions about Apple App Store security and how fake financial apps get approved. The lawsuit was filed in the US District Court for the Northern District of California. According to the complaint, the users downloaded a fake version of Sparrow Wallet from the App Store. After moving their Bitcoin into the app,…