Author: Simran Mishra

US Lawmakers Probe Prediction Markets After Suspicious Pre-News Bets Raise Fears of Insider Misuse Polymarket and Kalshi are now under pressure as Congress starts an insider trading probe. Lawmakers want to monitor how prediction markets handle sensitive information closely. The US House Committee on Oversight has opened the investigation as Chairman James Comer sent letters to both companies. He has asked for details about their systems and rules as officials want to know how these platforms stop insider trading risks. Congress Opens Probe Into Prediction Markets The issue gained attention after reports of strange betting activity over the last few…

Crypto Market Slump Shakes Industry. 5 Crypto Firms Shut Down in One Week as Bitcoin Falls, Crypto Layoffs & Weak Funding Hit Hard The crypto market slump has caused fresh trouble for the industry. Five crypto firms shut down in just one week. Low user activity and weak investor funding have made survival difficult for many companies. Fantasy.top, Everclear, and ZERO Network shared shutdown updates on Thursday. Earlier in the week, Syndicate Labs closed operations, and Bitcoin Depot filed for bankruptcy. These events show how serious the crypto market slump has become. Crypto Firms Struggle to Survive Bitcoin’s fall from…

Bitcoin Pizza Day Marks the Start of BTC Growth: A Simple Pizza Deal Led to Global Cryptocurrency Adoption and Rising Bitcoin Value Bitcoin Pizza Day illustrates how Bitcoin has grown to become more than just a currency. The story began on May 22, 2010, when a programmer paid 10,000 BTC for two pizzas, which at that time was valued at approximately $41.  Today, the situation is dramatically different, with Bitcoin trading near $77,700. The same 10,000 BTC is now worth around $777 million. This figure surprises many, but the true significance of the event goes beyond the numbers. The Transaction…

Gold-Backed Stablecoins Rise as India Rethinks Crypto and Dollar Dependence India’s 25,000 Tonnes of Idle Gold May Enter Digital Economy via Stablecoins Amid Trust and Adoption Challenges Gold-backed stablecoins have gained huge popularity recently in the Indian crypto industry. The discussion started after Nikhil Kamath spoke about the risks of relying too much on dollar-backed stablecoins. His comments pushed people to consider new options for India’s digital finance future. He said that most global systems still depend on the US dollar. However, many countries now try to reduce this dependence. They are buying more gold and building their own payment…

India Eyes PAN Linking for Crypto Accounts as FIU Flags P2P Transfers, Ponzi Schemes, and Offshore Platforms The Indian government is worried about its high risk crypto system, raising concern over illegal activities and weak tax reporting. Top officials shared this update with a Parliamentary panel and explained the growing risks in the virtual digital asset sector. Government reports show that crypto transactions link to serious crimes. These include drug trafficking, human trafficking, and smuggling. Officials also flagged risks like terror funding and online fraud. The use of VPNs and fake platforms has made tracking harder for agencies. Illegal Crypto…

India Panel to Review Crypto Regulation Framework with Binance, WazirX & ZebPay on May 20 Amid Tax Clarity Push & Investor Protection Focus India’s Parliament panel plans an important meeting in New Delhi on May 20. The focus stays on Virtual Digital Assets, also called VDAs. These assets include cryptocurrencies and digital tokens used for trading and investment. The Parliamentary Standing Committee on Finance has called major crypto exchanges for this meeting and the list includes Binance, WazirX, and ZebPay. The panel will speak with them about how crypto trading works in India and what rules should apply. Multiple Groups…

Crypto Scams are Rising Fast: Binance AI Stops $10.5B Fraud as Global Losses Hit $17B – Smart AI Security Now Protects Millions Every Day  Crypto fraud is increasing very fast across the world. In 2025, people lost around $17 billion to scams, marking a sharp 30% increase from the previous year. This shows that online fraud in crypto has now become a serious issue as criminals are using new technology to cheat users. Today, scams are not simple. Fraudsters use artificial intelligence to create fake videos, copy voices, and send smart messages. These tricks look real and confuse many users. …

DeFi Hack Shock! Verus Bridge Exploit Drains $11.58M as May Losses Cross $30M: Crypto Hacks Keep Rising with Weak Blockchain Security The number of DeFi hack cases increased again in May 2026. A new DeFi exploit hit the Verus Ethereum Bridge, triggering a loss of about $11.58 million. This attack added more pressure to a month already facing several crypto hacks. Blockchain security firms quickly shared alerts about the attack. They noticed unusual activity on the bridge and warned users. Experts tracked the attacker’s wallet and discovered how the funds moved after the hack. Attackers Swapped Funds Into ETH Reports…

CLARITY Act Advances With SEC-CFTC Split Plan, Developer Protections Spark Debate Before Full Senate Vote The CLARITY Act has moved one step closer to finally becoming a law in the United States. The bill passed an important Senate committee vote and now heads to the full Senate. The Senate Banking Committee approved the CLARITY Act with a 15-9 vote. A few Democrats supported Republicans after many months of talks. Lawmakers, banks, and crypto companies all took part in these discussions. Clear Rules for Crypto Market The bill aims to establish simple, clear rules for digital assets. Right now, there is…

Binance Launches Verified WhatsApp Channel in India to Share Daily Crypto Updates, Safety Alerts, and Web3 Basics Binance has started its official WhatsApp channel in India. The company plans on providing simple and trusted crypto updates and Web3 education to users. This step focuses on reaching more people in India’s growing digital market. Interest in crypto and blockchain is rising fast in India. Many people want to learn but often find the topic difficult. Binance plans to make things easier through WhatsApp, which people use every day. This helps users get information in a quick and simple way. Easy Crypto…