FM Nirmala Sitharaman has announced a significant 11.1% increase in the capital expenditure (capex) outlay for the fiscal year 2024-25 during the Interim Budget 2024 announcement. Notably, this move is seen as a strategic move to propel economic growth and fortify infrastructure development. Meanwhile, the robust allocation of Rs. 11.11 trillion, unveiled in the interim […]

On Wednesday, January 31, British law enforcement authorities revealed the discovery of Bitcoin valued at $1.7 billion, associated with a woman facing allegations of laundering funds from a $6 billion investment fraud in China. UK Citizen Denies Money Laundering Allegations Jian Wen, a 42-year-old UK citizen, is vehemently denying accusations that she played a role […]

After 18 months of the bankruptcy process, crypto lender Celsius Network announced that it had commenced the transfer of nearly $3 billion in cryptocurrencies and fiat to all the creditors of the company. A staggering 98% of the company’s account holders approved these plans as stated by the Bankruptcy court. Celsius Bankruptcy Team Does A […]

On Wednesday, January 31st, Ripple faced a major hack losing $112 million worth of XRP in this incident. As a result, the Rippe price came under immediate selling pressure slipping more than 4% to under $0.50 for the first time since October 19, 2023. However, on-chain data shows that XRP whales have continued to hold […]

The crypto prices today recorded a strong bearish turn as Bitcoin (BTC) slumped lower than $42,000 while major altcoins registered notable losses as well. Moreover, Ethereum (ETH), the second-largest crypto by market cap, also slipped below the $2,300 level today. Furthermore, the XRP price was hit massively as it plunged below $0.50 during the session. […]

The BRICS Group has just welcomed new members including Saudi Arabia, Iran, and a few other nations as it charts a rare expansionary move. BRICS Group Doubles Down on Expansion South Africa’s Foreign Minister Naledi Pandor stated that Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates (UAE) have confirmed their interest in joining the […]

The United States Federal Reserve Open Market Committee (FOMC) has ended its Policy Meeting for January, allaying the fears that inflation is still taking a toll on the economy and the need to cut interest rates.. For the first time, the Feds are convinced inflation is no longer a menacing threat, with the “upside risks” […]

Crypto Market News: The Federal Open Market Committee (FOMC) announced on Wednesday that it would keep interest rates unchanged for the fourth time, being in line with market expectations. This comes on the back of the Consumer Price Index (CPI) rising 0.3% month over month in December 2023. Initially, Bitcoin prices post the news were […]

GSR, a leading global crypto trading firm, has appointed Andreas Koukorinis, a former executive from JPMorgan Chase, as its new head of trading. This strategic hire underscores GSR’s ambition to expand its footprint in the digital assets trading sphere. Koukorinis brings a wealth of experience to GSR, having previously spearheaded the global electronic trading for […]

The High Court of Singapore has denied a request by the bankrupt firm Three Arrows Capital (3AC) to dismiss a lawsuit filed by Arthur Cheong, the founder of Web3 investment firm DeFiance Capital. This decision marks a crucial juncture in the ongoing legal battle concerning the ownership and control of assets within the cryptocurrency domain. […]