Author Archives: Darren Marchal

Facebook’s embattled crypto project may be coming to an end

The controversial cryptocurrency project that Mark Zuckerberg once defended in front of Congress is unraveling after regulatory pressure. The Diem Association, a cryptocurrency initiative once known as Libra backed by Meta Platforms, is weighing a sale of its assets as a way to return capital to its investor members, according to people familiar with the…

Meta winding up its ambitious cryptocurrency project: Report

Facing regulatory hurdles, Meta (formerly Facebook) is reportedly winding up its ambitious yet controversial cryptocurrency project that its CEO Mark Zuckerberg once defended in front of the US Congress. Originally launched as Libra and later renamed as the Diem Association, the cryptocurrency initiative “is weighing a sale of its assets as a way to return…

Indian mythology makes it to NFT space with MetaMasters launch

World’s largest cryptocurrency exchange Binance on Monday launched its first ever Indian NFT collection inspired by Indian mythology and Southeast Asian, Japanese and Chinese folklore. The Indian NFT Collection, MetaMasters, whose unique selling proposition is bringing good fortune ‘888 times more money, wealth & profits for its collectors’ will be available for the 30 million…

Delhi man’s Rs 4.5 cr crypto fraudulently sent to Palestine

A Delhi resident’s cryptocurrency worth Rs 30 lakh (current value Rs 4.5 crore) was fraudulently transferred to three different foreign accounts of which one belonged to Al-QassamBrigates, a military wing of the Palestinian organisation, Hamas. “The complainant had reported that some unknown persons had fraudulently transferred his Bitcoins, Etherum and Bitcoin cash, worth Rs 30,85,845…

Increase regulatory focus on cryptocurrency: Pre-Budget expectati

A pre-Budget expectations survey on Saturday showed a growing demand for increasing regulatory focus on the cryptocurrency sector. As per the Grant Thornton Bharat survey, nearly 79 per cent of the respondents feel that Budget FY23 should focus on regulating cryptocurrencies and NFTs. Besides, more than 75 per cent of the respondents feel that the…