Author: Karly Marie

Mumbai police have registered a case against five individuals accused of running a fraudulent cryptocurrency and forex investment scheme that allegedly duped an insurance officer of ₹34 lakh. Authorities believe the total amount swindled could be significantly higher, with multiple victims involved. The accused—Ravi Mahasheth, Dilip Malap, Mohammad Rafiq, Rajiv Singh, and Abhishek Sahu—allegedly operated a bogus company that lured unsuspecting investors with promises of lucrative returns of 18% interest. How the Scam Unfolded The victim, Rishikesh Deepak Junnarkar, an assistant manager at a private firm, met one of the accused, Dilip Malap, four years ago while working in Malad.…

Blockchain investigator ZachXBT has claimed to unmask the mysterious Hyperliquid whale who made $20 million in profits from leveraged crypto trades. According to ZachXBT’s findings, the trader is William Parker, a British hacker with a history of fraud and cybercrime. A Convicted Hacker Behind the Whale Trades? In a detailed March 20 report on X (formerly Twitter), ZachXBT alleged that Parker—previously known as Alistair Packover before legally changing his name—was arrested in 2023 for stealing $1 million from two casinos. Parker has a history of cyber-related offenses, including hacking and gambling exploits from over a decade ago. “It is abundantly…

Bitcoin’s price briefly surged past $87,453 before retracing to $83,655 following U.S. President Donald Trump’s video address at the Digital Asset Summit in New York. Despite speculation about zero capital gains taxes or a U.S. strategic Bitcoin reserve, Trump’s actual statements were more measured, reinforcing his commitment to not selling confiscated Bitcoin and calling for stablecoin legislation. Bitcoin’s Brief Surge and Market Reaction Ahead of Trump’s speech, crypto traders anticipated a pro-Bitcoin policy announcement, leading to a temporary rally. However, as no executive orders or tax breaks were revealed, the market reacted swiftly, selling off post-announcement. Trump’s most notable statement…

Pump.fun has officially launched PumpSwap, its own decentralized exchange (DEX), marking a major shift in the Solana memecoin ecosystem. As of March 20, memecoins that successfully bootstrap liquidity on Pump.fun will no longer migrate to Raydium, which had been the dominant platform for trading these assets. Instead, they will now transition directly to PumpSwap for trading. In an X post, Pump.fun explained that this move aims to remove friction and delays associated with liquidity migrations, streamlining the trading process for memecoin investors. “Migrations were a major point of friction—they slowed a coin’s momentum and introduced needless complexity for new users.…

A group of U.S. lawmakers, led by Senator Elizabeth Warren, has raised alarms over President Donald Trump’s deepening financial ties to cryptocurrency and Elon Musk’s growing influence in government affairs. In a March 17 letter to White House Chief of Staff Susie Wiles, the lawmakers warned that Trump’s crypto dealings and Musk’s unchecked power could destabilize financial markets, weaken regulatory oversight, and erode public trust in government accountability. Signed by Warren (D-MA), Richard Blumenthal (D-CT), Jeffrey Merkley (D-OR), Chris Van Hollen (D-MD), and Representative Jamie Raskin (D-MD), the letter highlights Trump’s reversal on crypto—from calling it a “scam” to actively…

World Liberty Financial (WLFI), a crypto banking platform backed by the Trump family, has raised a staggering $550 million through two rounds of token sales. The second round alone, which ended recently, saw over $250 million in crypto assets purchased by accredited investors. According to the company’s press release on March 17, more than 85,000 participants completed know-your-customer (KYC) verification to gain access to the token sale. However, WLFI tokens remain non-transferable and unlisted on any major exchanges, per reports from CoinDesk. “WLFI is on track to supercharge DeFi [decentralized finance],” said Zach Witkoff, co-founder of the venture. Trump Family’s…

Solana has pulled its “America is Back—Time to Accelerate” advertisement after facing a wave of backlash from the crypto community. Critics slammed the ad for being politically charged, exclusionary, and divisive, with some calling it “offensive” and “cringe”. The ad, which debuted on March 18, amassed over 1.4 million views before being deleted. However, fragments of the video continue to circulate on X (formerly Twitter), with crypto figures debating its implications. The Controversial Scene That Sparked Outrage One particular moment in the ad drew sharp criticism—a scene featuring a young man in therapy for “rational thinking syndrome” who proclaims: “I…

Siemens, a European industrial giant, is taking a bold leap into the blockchain and crypto space by integrating the Minima blockchain into its Internet of Things (IoT) ecosystem. This move is not just about innovation—it’s about redefining digital trust and security across critical industries. By using blockchain-based decentralization, Siemens aims to: Enhance cybersecurity in industrial automationAutomate supply chain operations with smart contractsPrevent cyberattacks on smart grids and connected infrastructureSecure medical devices and healthcare systems Blockchain-Powered Security for Smart Industries As industrial machines become hyper-connected, cybersecurity is paramount. Siemens is betting on Minima to eliminate vulnerabilities by decentralizing data verification. Instead…

With regulatory headwinds shifting under the Trump administration, fintech and crypto firms are applying for bank charters at an accelerating rate. The move is driven by the need to: Reduce borrowing costs by leveraging customer depositsGain legitimacy in the eyes of investors and regulatorsExpand business opportunities with a national banking licenseCompete with traditional financial institutions Since regulators have historically been slow to approve new charters, industry players are now cautiously optimistic that Trump’s pro-business stance could change the landscape. Bank Charters: A Path to Cheaper Capital and Credibility Becoming a bank comes with stricter regulatory oversight, but it also lowers…

The Board of Control for Cricket in India (BCCI) is set to ban all forms of tobacco, alcohol, and crypto advertisements in IPL 2025 following a government directive. This decision will be formally discussed at the Apex Council meeting in Kolkata on March 22, just before the KKR vs RCB season opener. Key Points: Why This Ban Matters for IPL 2025 The ban will affect major sponsorship deals that have historically played a key role in IPL’s commercial success. Crypto brands like CoinDCX and Binance have been active IPL sponsorsAlcohol brands have used surrogate ads via music CDs or soda…