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  On May 30, 2022, India's first and foremost cryptocurrency , GanderCoin, launched in the market. Currently, GanderCoin is listed on three major Indian crypto trading platforms- CoinCRED, COINLORD, and iNDOEX. While announcing the listing of GanderCoin , two of the above exchange platforms, CoinCRED and COINLORD, organized Gander airdrops from May 22, 2022, to May 29, 2022. During the airdrop period, everyone signing up on the platforms was rewarded with Gander in their portfolios. Along with the referral offers on exchanges, users got a chance to enjoy the incentive programs as well. Read Full Article Here

  Crypto or digital currencies are the latest fad across the world and India will next fiscal, beginning April 1, have its own version of the same which essentially would mirror the prevalent physical currency in digital form. The currency, called 'digital rupee', will be issued by the Reserve Bank in digital form and will be fungible with physical currency. Budget 2022 The exact regulation governing this Central Bank Digital Currency (CBDC) is yet to be finalised. CBDC is a digital or virtual currency but it is not comparable to the private virtual currencies or cryptocurrency that have mushroomed over the last decade. Private virtual currencies do not represent any person's debt or liabilities as there is no issuer. They are not money and certainly not currency. The RBI has been vehemently opposing private cryptocurrencies as they could have implications on national security and financial stability. Read More

  Singapore is seeking to cement itself as a key player for cryptocurrency -related businesses as financial centers around the world grapple with approaches to handle one of the fastest growing areas of finance. “We think the best approach is not to clamp down or ban these things,” said Ravi Menon, managing director of the Monetary Authority of Singapore, which regulates banks and financial firms. Instead, MAS is putting in place “strong regulation,” so firms that meet its requirements and address the multitude of risks can operate, he said in an interview. Nations differ vastly when it comes to how they handle crypto: China has cracked down on large amounts of activity in recent months, Japan only recently allowed dedicated crypto investment funds -- though El Salvador has embraced Bitcoin as legal tender. In the U.S., while there are an abundance of options for investing in the burgeoning asset class, regulators are concerned about everything from stablecoins to yield-gen...

  Over the last six months, consumers have lost over $2 million in cryptocurrency to scammers impersonating Tesla and SpaceX CEO Elon Musk , according to the Federal Trade Commission (FTC). For years, scammers have posed as Musk to fraud social media users out of cryptocurrency, The Verge reported. They use deceptive tactics on sites like Twitter, often using the same avatar images as Musk's account and slightly misspelling his username. "Promises of guaranteed huge returns or claims that your cryptocurrency will be multiplied are always scams," the commission said in its report on Monday. Pretending to be Musk, the scammers will ask victims to send currency to a specific wallet address in exchange for receiving a larger payment in return. Click Here

  Cyber-security researchers have identified a stash of 167 counterfeit Android and iOS apps being used by hackers to steal money from people who believe they have installed a financial trading, banking or cryptocurrency app from a trusted organisation. Researchers at cyber-security firm Sophos investigated the fake apps and found that many were very similar. The attackers targeted users through dating sites and lured victims into installing money-stealing apps disguised as popular brands. Some apps included an embedded customer support "chat" option. When researchers tried to communicate with the support teams using the chat, the replies they received used near-identical language. The researchers also uncovered a single server loaded with 167 fake trading and cryptocurrency apps. Read More

  Robot artist Sophia , whose first artwork goes up for auction on Wednesday, says she draws inspiration for her work from people and is open to future creative partnerships with humans. Humanoid Robot A digital artwork by the Hong Kong-based Hanson Robotics humanoid, in the form of a Non-Fungible Token (NFT), is to be auctioned in the first sale of such pieces created jointly with artificial intelligence (AI). NFTs, a digital signature saved on blockchain ledgers that allows anyone to verify the ownership and authenticity of items, have become the latest investment craze, with one artwork selling this month for nearly $70 million. “I hope the people like my work, and the humans and I can collaborate in new and exciting ways going forward,” Sophia said in her studio, speaking in a flat voice. Read More