CRYPTO CRIMINAL ACTIVITY
This crypto presidency should worry us all
Donald Trump's administration has reversed crypto regulations, dismantling the SEC's crypto enforcement efforts while his family launches crypto ventures. This deregulation may increase criminal activity and destabilise financial markets. Critics warn it echoes the 1920s financial turmoil, undermining investor protection and endangering the stability of the financial system.
Is the government allowed to read your WhatsApp chats under existing income tax laws? Here's what experts are saying
The new income tax bill, effective from April 1, 2026, allows authorized officers to access locked physical and digital spaces to search for any undisclosed income. Government provisions under the DPDP Act, Telegraph Act, and IT Act empower them to access such sensitive data for national security and law enforcement purposes. Experts weigh in on how this will impact your fundamental right to privacy.
US Justice Dept disbands crypto enforcement team, citing Trump order
The U.S. Justice Department is disbanding its National Cryptocurrency Enforcement Team and ordering prosecutors to narrow crypto investigations to focus on drug cartels and terrorist groups, according to a memo seen by Reuters.
NIT Trichy graduate worth Rs 9,000 crore alleges wife of harassment. Who is Prasanna Sarkar?
Prasanna Sankar claims harassment by his estranged wife and Chennai Police amid a contentious divorce and custody battle. He alleges false accusations of abuse and kidnapping, while his wife accuses him of financial fraud and predatory behavior. Legal proceedings continue with serious allegations from both sides.
Trump's bitcoin reserve a 'digital Fort Knox'
President Donald Trump has shown further support for the cryptocurrency sector by establishing a "Strategic Bitcoin Reserve" in the US, which will be funded by 200,000 seized bitcoins. Critics argue that cryptocurrencies' volatility makes them risky, but supporters claim it offers transparency and modern relevance.
Intel agency pins 'suspicion' of crypto being used for terror financing, drugs trafficking in India
A federal financial intelligence unit in India suspects that cryptocurrency is being used for serious criminal activities such as terrorist financing, cybercrime, and narcotics trafficking. They shared their findings with relevant law enforcement agencies, which have taken necessary enforcement actions in some cases. India is planning a regulatory framework for cryptocurrency while monitoring such activities.
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Bitcoin sinks 30% since Trump’s inauguration: Market correction or bear phase?
Bitcoin has fallen 30% from its all-time high, sparking concerns over a bear phase. Experts see it as a correction, citing macroeconomic factors, market liquidity shifts, and historical recovery patterns.
Trump signs order to establish strategic bitcoin reserve
Attendees at Friday's White House crypto summit expect the event to serve as a stage for Trump to formally announce his plans to build a strategic reserve containing bitcoin and four other cryptocurrencies. Earlier this week, Trump announced the names of five digital assets he expects to include in this reserve, spiking the market value of each. The five are bitcoin, ether, XRP, solana and cardano, the president said.
Trump’s Strategic Bitcoin Reserve plan: What’s next for crypto? Here's what experts think
Trump's Strategic Bitcoin Reserve plan removes $17B in selling pressure, potentially stabilizing Bitcoin. The Crypto Summit may define U.S. regulations, impacting market sentiment. Experts see long-term growth, but uncertainty remains. India's restrictive policies risk losing crypto talent.
Big day for crypto goes south in a hurry after a giant hack
A series of policy changes in Washington are poised to encourage millions of investors to dabble in crypto for the first time, despite the industry's continued struggles to police and prevent criminal activity. The hack was a reminder that, for all its growing influence in politics, crypto remains something of an international free-for-all -- a chaotic market in which even the most experienced investors sometimes suffer extreme losses.
CBI searches 11 locations in Delhi, Haryana in crypto fraud case
The CBI conducted searches in Delhi and Haryana, targeting alleged cyber criminals impersonating government officers. They seized Rs 1.08 crore cash, digital evidence, and foreign currency linked to crypto fraud. The accused falsely offered technical support to cheat people, routing the money through multiple crypto wallets.
TRON Markets can suffer as Panshibi ($SHIBI) looks to attract more Polkadot investors globally
TRON (TRX) has improved its network security and reduced illicit transactions, but has not seen major price gains. Polkadot (DOT) continues to struggle below key support levels despite interest in a new ETF. Investors are now turning to Panshibi ($SHIBI), a promising new meme coin with a strong community focus and AI elements, predicted to see significant growth by 2025.
Australian regulator moves to curtail criminal use of cryptocurrency
The Australian transaction reports and analysis centre (AUSTRAC) said its findings showed cryptocurrency was increasingly being exploited for money laundering, scams and money mule activities.
US seizes crypto linked to Southeast Asian investment scam
U.S. authorities said the scam that prompted the seizure involved a crypto-investment fraud known as pig butchering. In such schemes, fraudsters manipulate unsuspecting people they meet online, persuading them to invest in bogus crypto schemes.
Crypto memes kick back into high gear
Growing expectations that the US Securities and Exchange Commission will authorize exchange-traded funds that invest directly in Bitcoin pushed the largest crypto by market value up by more than 25% over the past two weeks to around $35,000 on Wednesday - its highest level in about 18 months.
Former Coinbase manager, brother agree to settle SEC insider trading charges
Former Coinbase product manager, Ishan Wahi, and his brother, Nikhil Wahi, have agreed to settle civil charges filed by the US Securities and Exchange Commission (SEC) related to the insider trading of crypto asset securities. They are accused of trading ahead of at least nine announcements about crypto asset securities that would become available on Coinbase's platform. The brothers previously pleaded guilty to the charges of providing confidential information. Ishan Wahi was previously sentenced to two years in prison and Nikhil Wahi to 10 months in prison. Neither brother received a penalty in this settlement.
International Crypto Regulation: Achieving the Goldilocks Zone
The lack of international cooperation has made it challenging for regulators to effectively govern the sector. Different countries have their own approaches to regulation, leading to a patchwork of regulations that can be confusing for investors and businesses alike.
How to be compliant & protect your crypto business from fraud
In today's world, our identity is not limited to our physical presence but extends to our digital footprint. Our digital identity represents ourselves in the virtual world, encompassing various aspects such as email addresses, phone numbers, social media profiles, and other online activities.
Kolkata gaming app: ED makes first arrest in money laundering case
The ED had raided the premises of the company and those belonging to Khan and his father Nesar Ahmed Khan in Kolkata last month and had seized Rs 17.32 crore cash from there.
WazirX receives 1023 requests for data from law enforcement in October-March 2022
WazirX receives almost three times more requests for data from law enforcement in October-March 2022 vs the previous period of April-Oct 2021WazirX is among the largest crypto exchanges in India in terms of trading volumes All the requests received from Indian as well as Foreign Enforcement Agencies were related to inquiries that were criminal in nature and WazirX had 100% compliance on these requestsOver 95% of crypto-associated frauds are based outside of the Blockchain ecosystem
Is India's most-wanted man hiding behind cryptocurrencies?
Cryptocurrencies made criminals richer and in 2021, criminals held $11 billion worth of funds with known illicit sources, compared to just $3 billion at the end of 2020, according to a report by blockchain data company Chainalysis.
Some of the biggest cryptocurrency HODLers are also crypto criminals, finds Chainalysis report
More than 4,000 of the biggest cryptocurrency accounts have gotten their tokens through illicit means. A new report by Chainalysis shows that these illicit holdings combined amount to around $25 billion. Crypto criminals now account for 3.7% of all crypto whales in the world. Chainalysis has found that crypto whales are cumulatively holding over $25 billion worth of cryptocurrencies in their wallets.
Digital tax fine but what about crypto money laundering via Dark Web?
Bitcoin and other cryptocurrencies have become the de-facto currency on the Dark Web.
Crypto can be used as a means of payment, says Putin
Russia has sought alternatives to trading in dollars since being slapped with sanctions in 2014 following the annexation of Crimea, and Putin accuses the US of using its currency as a weapon. Crypto backers argue decentralized money will eventually replace fiat currencies issued by central banks.
Crypto not currency; needs to be regulated as asset: ex-RBI DG Gandhi
After quite a lot of debate over the years, Gandhi said, people have fully understood that crypto cannot be a currency because the fundamental element of a currency- that it should be a legal tender- is missing in this case.
Terror financing surges amid COVID-19, rampant use of cryptocurrency
The sudden change in the pattern and scale of financial transactions in the wake of the pandemic has provided an opportunity to criminals and terrorists, sources told India Narrative.
China arrests over 1,100 suspects in crackdown on crypto-related money laundering
The arrests came as authorities in China step up their crackdown on cryptocurrency trading. Last month, three industry bodies banned crypto-related financial and payment services, and the State Council, China's cabinet, vowed to clamp down on bitcoin mining and trading.
China blocks several cryptocurrency-related social media accounts amid crackdown
More actions are expected, including linking illegal crypto activities in China more directly with the country's criminal law, according to analysts and a financial regulator.
McAfee reports 629% increase in coin miner malware in Q1 2018
In finance, the attacks were not always region specific, as was the case in previous years, but McAfee identified activity in Russia, and related reconnaissance efforts in Turkey and South America.
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