Author: Simran Mishra

US CLARITY Act Faces Senate Hurdles as SEC-CFTC Power Split, Banking Pushback, and Tokenization Growth Shape Debate The US CLARITY Act is moving fast as lawmakers try to pass it before the August recess. Congress now has only 16 working days left, which creates strong pressure to act quickly. Officials say the bill is important for giving clear and stable crypto regulation in the United States. They want to turn current guidelines into law, so future policy changes do not disrupt the market. US CLARITY Act Pushes for Regulatory Clarity The US CLARITY Act mainly focuses on defining roles between…

Zelle India Expansion Coming in 2026 with Easy Peer-to-Peer Payments and ZelleUSD for Faster Remittances and Cross-Border Payments. Zelle India’s expansion will bring the US money transfer app to India in 2026. This will be the first time Zelle moves outside the United States. The company that runs Zelle has confirmed India as the first country for this new step. The company selected India since many people send money from the United States to India. A large amount of remittances India receives comes from families living in the US. This makes India a strong place for cross-border payments. Why India…

Crypto Fear and Greed Index Hits 13: Extreme Fear Grips the Crypto Market as Investors Stay Cautious and Prices Remain Under Pressure The Crypto Fear and Greed Index currently stands at 13, reflecting deep anxiety in the crypto market. The latest reading shows a slight recovery from the previous day, although sentiment remains firmly in the extreme fear crypto zone. Data from Coinglass highlights that the index averaged 10 over the past week and 23 over the last month. These numbers confirm that negative sentiment has persisted across a longer period rather than a short-term shock. Such low numbers show…

SIT Probe Reveals Hawala Links in Rs. 35 Cr Bitcoin Scam as Nalapad Named in 2017 Crypto Theft Case A new development in the Bitcoin scam case in Karnataka has grabbed everyone’s attention, especially in the state’s political fraternity. The SIT charge sheet has mentioned Mohammed Nalapad, the son of Congress MLA N A Haris and a known political figure, in the crypto fraud case. This is the first time a politically linked person has been formally named in the Bitcoin scam charge sheet.  SIT Names Mohammed Nalapad in Charge Sheet The Special Investigation Team filed the charge sheet in…

CME Crypto Index Futures Go Live Trade Bitcoin, Ether, and Solana in One Product: A Big Step for Institutional Crypto Growth CME Group has launched CME crypto index futures, giving investors an easy way to track the crypto market. The product allows trading of multiple cryptocurrencies through one single contract. The index includes 8 major cryptocurrencies based on market value. These include Bitcoin, Ether, Solana, XRP, Cardano, Chainlink, Stellar, and Bitcoin Cash. This setup helps investors get wide market exposure without buying each asset. Cash-Settled Contracts Make Trading Easier The futures contracts are cash settled, so traders do not need…

Fish Trader Crypto Scam Exposes Cambodia Links and Massive Digital Fraud Network: Cybercrime is Getting Smarter and Faster Every Day A fish trader from Andhra Pradesh has been arrested in a major crypto scam linked to Cambodia networks. Investigators have discovered that he played an important role in moving money in a Rs. 5.85 crore digital arrest scam. Police arrested Swamy Ayyappa Naravula from Hyderabad on May 25 after a detailed investigation by a Gurugram Special Investigation Team. His background shows a surprising shift from Army service to fish trading and later involvement in cybercrime activities. Fish Trader Arrested in…

Crypto Tax Filing 2026: No Loss Set-Off, Gifts and Mining Also Taxed Under Strict VDA Rules Cryptocurrencies can be bought, sold, and traded in India, but they are not legal tender. Still, the government treats them as virtual digital assets, and income from them is subject to tax rules. Every investor must report cryptocurrency gains while filing income tax returns under Schedule VDA. The government charges a flat 30% tax on crypto income, along with a 4% cess. This rate stays the same for both short-term and long-term gains. There is no difference in tax based on how long the…

CBI Probe Finds Officials, Bank Staff Role in Fund Diversion Across 8 Departments in Rs 661 Crore Scam The Central Bureau of Investigation has stepped up action in the Rs. 661 crore scam with fresh searches. Teams carried out CBI raids at six locations across Chandigarh, Panchkula, and Delhi NCR. Officials searched the homes of senior public servants and offices linked to Vipam Consultancy during the operation. The agency is checking records and financial links connected to the Rs. 661 crore scam. Focus on Officials and Financial Records Investigators suspect strong links between government officials and bank staff in this…

South Korea Plans Real-Time Crypto Tracking and Auto Freeze System After Major Bitcoin Transfer Error South Korea has taken a strong step after a major Bitcoin error shocked the crypto market. Lawmaker Baek Seon-hee introduced a new bill on June 4 to stop crypto mispayments and protect users. The move comes after a costly Bitcoin error earlier this year. A huge amount of Bitcoin went to the wrong address during a transfer. Blockchain systems do not allow easy reversals, which makes such mistakes very risky. This situation pushed officials to improve South Korea’s crypto regulation. New Crypto Bill Targets Crypto…

Goldman Sachs Moves Deeper into Tokenized Real Estate Fund Innovation with Apex Group and Archax Collaboration on GS DAP Platform. Goldman Sachs partners with Apex Group and Archax to launch a tokenized real estate fund initiative. The collaboration advances blockchain-based real estate investment through regulated digital fund structures in global markets. Investment bank Goldman Sachs leads the initiative using its GS DAP blockchain platform for issuance. LRC Group manages the underlying real estate portfolio worth multi-billion euro assets across Europe regionally. Archax is a regulated custodian and distribution partner for tokenized fund units globally throughout markets. Blockchain Meets Traditional Real…