CoinDCX acquires BitOasis in international expansion push

CoinDCX, India’s leading cryptocurrency exchange, is expanding internationally through the acquisition of BitOasis, a digital asset platform in the Middle East and North Africa, the companies said Wednesday. The Bengaluru-based startup said BitOasis’s team is joining CoinDCX, with the original leadership continuing to manage the exchange, which offers trading in more than 60 tokens. BitOasis […]

© 2024 TechCrunch. All rights reserved. For personal use only.

IRS finalizes new regulations for taxing crypto

Crypto platforms will need to report transactions to the Internal Revenue Service, starting in 2026. However, decentralized platforms that don’t hold assets themselves will be exempt. Those are the main takeaways from new regulations that the IRS and U.S. Department of Treasury finalized Friday — essentially implementing a provision of the Biden Administration’s Infrastructure Investment and […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Kenya closes its probe of Worldcoin, opening the door to a relaunch of its orbs after a year-long suspension

Worldcoin — the crypto “proof of personhood” startup co-founded by OpenAI’s Sam Altman — has been given the green light to resume iris-scanning and other operations in Kenya after a year-long government probe over privacy concerns was dropped. Kenya was one of Worldcoin’s launch countries for its iris-scanning scheme — which the startup was building […]

© 2024 TechCrunch. All rights reserved. For personal use only.

How Urvashi Barooah broke into venture after everyone told her she couldn’t

When Urvashi Barooah applied to MBA programs in 2015, she focused her applications around her dream of becoming a venture capitalist. She got rejected from every school, and was told she was being unrealistic about her prospects in the venture industry — but she didn’t let that deter her. Now, nine years later, Barooah, 33, […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Worldcoin faces pivotal EU privacy decision within weeks

The next few weeks could be pivotal for Worldcoin, the controversial eyeball-scanning crypto venture co-founded by OpenAI’s Sam Altman, whose operations remain almost entirely shuttered in the European Union following a series of privacy complaints — including in France, Germany, Portugal and Spain. The only EU market where Worldcoin is still scanning eyeballs according to […]

© 2024 TechCrunch. All rights reserved. For personal use only.

President Biden vetoes crypto custody bill

President Joe Biden has vetoed H.J.Res. 109, a congressional resolution that would have overturned the Securities and Exchange Commission’s current approach to banks and crypto. Specifically, the resolution targeted the SEC’s Staff Accounting Bulletin 121, which presents guidance around how banks can handle customers’ crypto assets — in effect, they must treat those assets as […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Hackers steal $305 million from DMM Bitcoin crypto exchange

Japanese crypto exchange DMM Bitcoin confirmed on Friday that it had been victim of a hack resulting in the theft of 4,502.9 bitcoin, or about $305 million.  According to crypto security firm Elliptic, this is the eighth largest crypto theft in history.  DMM Bitcoin said it detected “an unauthorized leak of Bitcoin (BTC) from our […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Ledger starts shipping its high-end hardware crypto wallet

Ledger, a French startup mostly known for its secure crypto hardware wallets, has started shipping new wallets nearly 18 months after announcing the latest Ledger Stax devices. The updated wallet features an E-Ink display and has been designed in partnership with Tony Fadell, one of the main designers behind the iPod. E-Ink technology is generally […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Deal Dive: Can blockchain make weather forecasts better? WeatherXM thinks so

Accurate weather forecasts are critical to industries like agriculture, and they’re also important to help prevent and mitigate harm from inclement weather events or natural disasters. But getting forecasts right is extremely difficult. That’s why the founders of WeatherXM have been looking to make weather forecasts more accurate for the past 12 years. In 2012, […]

© 2024 TechCrunch. All rights reserved. For personal use only.