Crypto Thefts Surge to $163M in August Amid Pivot to High-Value Targets
Cryptocurrency theft rose significantly in August, with hackers and scammers stealing an estimated $163 million across 16 separate incidents.
Gujarat Court Convicts 11 Police Officers, Ex-MLA in Landmark Corruption and Extortion Case
An anti-corruption court in Gujarat has delivered a powerful verdict, sentencing eleven police officials and a former BJP legislator to life imprisonment for using their official positions to commit kidnapping and extortion.
Santiment Flags “Euphoria” as Fed Talk Threatens Crypto Rally
The recent crypto rally, built on the foundation of anticipated Federal Reserve rate cuts, is showing signs of being on shaky ground.
Japan Slashes its Famous High Tax Rates on Digital Assets
The current system treats crypto profits as “miscellaneous income,” hitting top earners with a tax rate of up to 55%. That’s all set to change.
Kanye West Drops a $2B Crypto Token
Kanye West is betting on blockchain. The artist now known as Ye has launched “Yeezy Money” (YZY), a new cryptocurrency on Solana, proclaiming a “new economy, built on chain.”
Fed Abandons Crypto Supervision Program Amid Regulatory Retreat
The Federal Reserve has abruptly shut down its Novel Activities Supervision Program, a 2023 initiative meant to monitor banks’ crypto and fintech ventures—raising questions about oversight gaps.
Crypto Markets Reel as Hot PPI Fuels Fed Policy Uncertainty
Crypto derivatives faced $1 billion in liquidations following a higher-than-anticipated PPI report, which sent Bitcoin down 2%+ and revived concerns about the Fed’s rate-cut timeline.
