Author: Simran Mishra

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…

Crypto Tax Filing in India Requires Schedule VDA, 30% Tax, 1% TDS and Complete Transaction Records India’s cryptocurrency market continues to grow, although following tax rules has become just as important as earning profits. Recent government findings show that many crypto investors have not reported their digital asset transactions correctly. Tax officials have now increased their focus on crypto trading, making proper reporting an important part of every investment. Government documents reviewed by Reuters show that the Reserve Bank of India still supports a cautious approach toward cryptocurrencies. Trading remains legal under current tax laws, although future regulations could change…

Lucknow Police Uncovered an Alleged Cash-to-Crypto Racket and Arrested 9 People Accused of Moving Cyber Fraud Money Through Mule Accounts & USDT Lucknow police have arrested nine people for their alleged role in a cash-to-crypto racket that helped move money stolen through cyber fraud. The investigation found that the group used mule accounts to collect the money before converting it into USDT and sending it to digital wallets linked to foreign cyber criminals. Police believe the accused worked as money handlers for overseas fraud groups instead of directly cheating people. The case came to light during Operation CY VAJRA, when…

The ED has launched fresh raids across West Bengal in a crypto investment fraud investigation linked to a chit fund scam, money laundering, and suspected Dubai connections. The case shows how fake crypto schemes continue to target investors across India. The Enforcement Directorate (ED) carried out raids at several places across West Bengal as part of an investigation into an alleged crypto investment fraud and money laundering case.  The agency searched houses and business locations linked to people accused of cheating investors through cryptocurrency schemes, fake stock market training programs, and chit fund scam operations. Officials believe the group collected…

One Fake Approval Was Enough to Steal $999,999 in USDT from an Ethereum Wallet: Latest Phishing Attack Shows Why Checking Every Token Approval Matters Before Signing Any Transaction A crypto user lost $999,999 after one fake approval on the Ethereum network in a major USDT phishing attack. Blockchain records show the attacker never stole the wallet’s private keys. Instead, the victim signed a malicious token approval that allowed the attacker to move the USDT from the wallet. Data from Ethereum shows the stolen funds moved via three transactions in blocks 25489460 and 25489463. The transfers happened only minutes after the…

RBI Digital Rupee Pilots and Blockchain Startups Push India’s Fintech Beyond Payments and Into Trusted Finance India’s fintech industry has already changed how people send and receive money. Fast digital payments have become common across the country. Now, startups are focusing on making every financial process safer and easier to trust. Instead of replacing banks or UPI, blockchain is helping improve the systems that work behind every payment. Government data shows that UPI handled more than Rs. 314 lakh crore in transactions during FY 2025-26. More than 700 banks now support the platform. This success has encouraged fintech startups to…

Ripple XRPL v3.2.0 Cuts Memory Use by Up to 40% as fixCleanup3_2_0 Awaits Validator Approval Ripple has taken another step in improving the XRP Ledger with the launch of XRPL v3.2.0. The update became available more than three weeks ago and brings better performance, stronger security, and lower operating costs. Even so, many node operators have not switched to the new version, showing that large blockchain upgrades often take time to spread across the network. According to the latest network data, 357 out of 828 Ripple Nodes now run XRPL v3.2.0. This equals about 43% of all nodes on the…

RBI Warns Banks Against Crypto Exposure as Offshore Trading and Tax Risks Remain Under Government Review India has yet to make a final decision on cryptocurrencies, despite ongoing discussions for many years. New government documents show that the Reserve Bank of India still supports a crypto ban, while the Income Tax Department believes that crypto trading through offshore platforms creates serious tax challenges. The government has not announced a final policy, although key departments continue raising concerns about digital assets. According to documents reviewed by Reuters, the Reserve Bank of India wants a policy that moves closer to banning private…

India’s crypto market is changing as Crypto Futures now lead Spot Trading, with Tier 2 India driving strong growth. More traders are choosing Crypto Derivatives and Altcoin Trading as the market expands. India’s crypto market is changing quickly as Crypto Futures trading becomes more popular than Spot Trading. New data from crypto exchange Giottus shows that crypto derivatives made up 57.22% of total trading volume between September 2025 and May 2026. Spot trading accounted for 42.78%, indicating that more traders now prefer futures to direct crypto buying and selling. The report studied trading activity from Giottus’ 1.3 million users and…