Cryptocurrency prices in India on (17 Aug 2024)

SIM Box Cyber Fraud Busted in Andhra Pradesh; INR 20 Crore Scam Uncovered by Police, 20 Arrested With Foreign Links

Andhra Pradesh police have uncovered a major SIM box cyber fraud operation involving illegal telecom routing and international links. The racket, worth around INR 20 crore, led to multiple arrests and seizures of high-tech equipment. Authorities say the scam highlights rising cross-border cybercrime threats and growing misuse of advanced communication technologies.

Bitcoin Price Sliding Toward Steepest Monthly Drop Since 2022 Amid Crypto Market Downturn

Bitcoin is sliding toward its steepest monthly decline since the 2022 crypto meltdown, with a sharp downturn in market sentiment, large-scale liquidations and institutional selling dragging the broader digital asset ecosystem lower. The world’s largest cryptocurrency has lost more than 12 per cent over the past week and plunged over 22 per cent in the last 30 days.

Bitcoin Price Falls Below USD 100,000 Amid Global Market Sell-Off, World’s Largest Cryptocurrency Hits Intra-Day Low of USD 99,010.06

Other major digital assets also traded lower, with Ethereum sliding 6.76 per cent to $3,331.65, Solana down 3.16 per cent at $157.66, XRP declining 3.16 per cent to $2.24, and Dogecoin slipping 1.47 per cent to $0.165. Bitcoin has now officially entered bear market territory, falling more than 20 per cent from its record high of $126,186 reached in early October.

Breaking News: How To Turn a $1,000 XRP Investment Into $100,000 XRP on Arc Miner?

According to Mike Matson, president of the platform, users can choose one or more contracts, requiring only a small investment (e.g., $1,000), and combine this with a 'reinvestment + hashrate rolling' strategy to amplify daily returns in a short period.

Madras High Court Grants Legal Protection to Digital Assets, Declares Cryptocurrency As ‘Property’ Under Indian Law

In a significant ruling, the Madras High Court has held that cryptocurrency qualifies as 'property' under Indian law, an asset capable of being owned, enjoyed, and held in trust. 'It is not a tangible property, nor is it a currency. However, it is a property which is capable of being enjoyed and possessed (in a beneficial form)' observed a single-judge Bench.

Who Was Konstantin Galich? Know All About 32-Year-Old Ukrainian Crypto Trader Found Dead in His Lamborghini Urus Amid Market Crash

Konstantin Galich, a 32-year-old Ukrainian crypto trader, was found dead in his Lamborghini Urus yesterday with a gunshot wound to the head. Local police have begun a preliminary investigation and concluded that the cause of his death is related to the recent crypto market crash, triggered by the 100% tariff on China imposed by US President Donald Trump. Check more details.

Bitcoin Hits New All-Time High: World’s Largest Cryptocurrency Sets New Record Today by Crossing USD 1,25,000 Mark

Bitcoin's previous record was $124,480 in mid-August, buoyed by friendlier regulations from US President Donald Trump's administration and strong demand from institutional investors. The sustained institutional buying and the moves by the Trump administration to ease investment in crypto assets added to the tailwinds.

Online Investment Fraud Racket Busted: 5 Arrested by Delhi Police for Duping Investors of Large Sums Through Fake Cryptocurrency Schemes

The Cyber Cell of Delhi Police has busted an online investment fraud racket with the arrest of its key mastermind and associates, who allegedly duped unsuspecting investors of large sums through fake cryptocurrency schemes, officials said on Tuesday.

Bitcoin Price Reaches Record High of USD 1,24,210 As Hopes Grow for Lenient Monetary Policy From US Federal Reserve

Leading cryptocurrency Bitcoin hit a record high of $124,210 on Thursday over increasing expectations for more lenient monetary policy from the US Federal Reserve. The development, coupled with supportive financial reforms, particularly under the pro-crypto stance of the US President Donald Trump's administration, boosted investor sentiment.

Who Is Rahul Agarwal, Bengaluru Techie Arrested in INR 384 Crore CoinDCX Cryptocurrency Heist?

Rahul Agarwal, a full-time employee at CoinDCX, was taken into custody on July 26 by the Whitefield CEN Crime Police after a complaint was filed by the CoinDCX’s parent firm, Neblio Technologies. Rahul Agarwal has been arrested in connection with the massive INR 384-crore (USD 44 million) cryptocurrency theft from CoinDCX, a leading crypto exchange platform based in India.