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CloudSEK unearthed an ongoing operation involving many phishing domains and Android-based bogus cryptocurrency apps. As the global cryptocurrency market collapses, fake cryptocurrency exchanges have tricked Indian investors out of roughly Rs 1,000 crore. Be wary of cryptocurrency fraudsters, who are always seeking for new methods to defraud Indian investors and take their digital riches. This includes phishing scams, harmful cryptocurrency exchange design, and pump and dump tactics. A fresh revelation claims that fake cryptocurrency exchanges have cheated Indian investors out of more than $128 million (almost Rs 1,000 crore) as the global crypto market collapses. CloudSEK, a cyber-security firm, announced the discovery of an ongoing operation comprising various phishing sites and Android-based fraudulent crypto apps. According to the research, "This enormous operation dupes unwary people into a gigantic gambling scam. Several of these phony websites replicate ...

The RBI authorities indicated that bitcoin will have a detrimental influence on the country's financial sector while considering its consequences. While cryptocurrencies have the potential to replace the rupee as a medium of exchange in domestic and cross-border financial transactions, the RBI's capacity to oversee the flow of money will be jeopardized, according to central bank officials. Top Reserve Bank of India (RBI) officials are said to have informed a parliamentary panel that cryptocurrencies might lead to the " dollarization " of a section of the economy, which would be bad for India's national interests. Top RBI officials, including governor Shaktikanta Das, testified before the Parliamentary Standing Committee on Finance, which is led by former finance minister Jayant Sinha.They emphasized their reservations about cryptocurrencies, claiming that they represent a risk to the financial system's stability. While cryptocurrencies have the ...

The RBI authorities indicated that bitcoin will have a detrimental influence on the country's financial sector while considering its consequences. While cryptocurrencies have the potential to replace the rupee as a medium of exchange in domestic and cross-border financial transactions, the RBI's capacity to oversee the flow of money will be jeopardized, according to central bank officials. Top Reserve Bank of India (RBI) officials are said to have informed a parliamentary panel that cryptocurrencies might lead to the " dollarization " of a section of the economy, which would be bad for India's national interests. Top RBI officials, including governor Shaktikanta Das, testified before the Parliamentary Standing Committee on Finance, which is led by former finance minister Jayant Sinha.They emphasized their reservations about cryptocurrencies, claiming that they represent a risk to the financial system's stability. While cryptocurrencies have the ...

Bolt is paying $1.5 billion to acquire cryptocurrency startup Wyre. The cash-and-stock deal expands Bolt's e-commerce checkout technology's crypto payment capabilities. Bolt, a fintech unicorn, is buying crypto firm Wyre  in a $1.5 billion cash-and-stock transaction. Wyre would add crypto payment capabilities to Bolt's e-commerce checkout platform. According to Crunchbase records, Wyre has attracted $29.1 million from venture investors, including a financing in January 2021 led by blockchain investor Stellar Development Foundation. Increase your sales with all-in-one prospecting solutions driven by the private-company data leader. Located in San Francisco, Bolt has raised a total of $1 billion from private investors, including $355 million in its most recent Series E round. According to The Crunchbase Unicorn Board, the company is worth an estimated $11 billion. The Wyre transaction is scheduled to close in the third or fourth quarter of this year. A...

100 A multi-million dollar crypto seed fund has been launched by the investors behind virtual hack.summit (). The money will be used to support early-stage crypto startups. The investors behind the world's largest blockchain programmer event, virtual hack.summit(), have formed a $200 million crypto seed fund under the Hack VC umbrella, according to fund partner Alex Pack. Ed Roman, a former solo GP, previously invested in early-stage tech and cryptostartups through Hack VC for over ten years before working with Pack, who previously co-founded global crypto fund Dragonfly Capital and oversaw Bain Capital Ventures' debut into digital assets. Prior to founding this fund, Pack and Roman each invested in multiple early-stage crypto firms, including DeFi platforms Compound Finance and Terra, according to Pack. Hack VC completed its funding last fall and has been very active since then, with the fund making "at least" 15 investments totaling tens of millions o...