Jai Sahu, Author at Coinroot

The plan administrator will persist in utilizing Coinbase for future distribution phases, potentially including funds recouped from FTX. The bankrupt cryptocurrency lender BlockFi is finalizing its operations shutdown, with plans to discontinue its web platform in May. BlockFi has formed a partnership with Coinbase to facilitate client fund access and withdrawals. In a recent blog […]

The latest offering from BitMEX was developed in partnership with PowerTrade, a platform focused on crypto options. This addition is designed to help traders capitalize on market volatility, hedge against risks, and facilitate price discovery through straightforward and standard options. In a separate move, BitMEX has increased the leverage for bitcoin perpetual swaps to 250x […]

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The Australian Tax Office (ATO) has reportedly requested cryptocurrency exchanges to provide personal and transactional details for around 1.2 million cryptocurrency users. While acknowledging that some users might not be aware of their tax responsibilities, the ATO emphasized that others might be deliberately avoiding their tax duties. ATO Focuses on Compliance from 1.2 Million Crypto […]

Retail brokerage receives ‘Wells notice’ after prolonged efforts to gain regulatory clarity Robinhood has indicated a potential legal challenge from the U.S. Securities and Exchange Commission concerning its cryptocurrency operations, highlighting the ongoing U.S. regulatory scrutiny on digital currencies. The company reported in a recent filing that over the last weekend, its crypto division received […]

Vodafone, a leading telecommunications company in the UK, is considering embedding cryptocurrency wallets directly into mobile phone SIM cards. In an interview with Yahoo Finance Future Focus, David Palmer, the Chief Product Officer (CPO) of Pairpoint by Vodafone, shared insights into the company’s strategy to drive blockchain adoption for managing crypto transactions on mobile devices. […]

Pakistan has secured a position in the top 10 most crypto-friendly nations, ranking 10th, while India is close behind at 11th place by just one point. Despite its rapidly advancing tech industry and a tech-savvy populace, India falls just short of its neighbor Pakistan in the roster of the most crypto-friendly nations. Pakistan has claimed […]

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KEY POINTS After admitting to money laundering violations in November, Binance founder Changpeng Zhao was given a four-month prison term on Tuesday. Although U.S. prosecutors proposed a 36-month sentence, Zhao received less. Following his legal agreement with the Justice Department, the cryptocurrency billionaire resigned as CEO of Binance. On Tuesday, Changpeng Zhao, the billionaire founder […]

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In Kolkata, the Enforcement Directorate (ED) has successfully conducted a raid against the deceptive online gaming application known as “E-Nugget,” which tricked users by promising unusually high returns on investments. The ED revealed that although E-Nugget appeared to be a benign gaming platform, it was actually designed to funnel money from unsuspecting participants. Modus Operandi […]

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SUMMARY: Cashaa announced that its upcoming crypto wallet will enable users to buy, store, earn, and take loans against their cryptocurrency deposits in their respective local currencies. The company has also declared that it will cease its banking services for crypto and other “high-risk businesses.” In 2022, Cashaa exited from Unicas in India, a joint […]

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Google Cloud has rolled out a new Web3 portal aimed at providing blockchain developers with resources such as data sets and tutorials on creating non-fungible tokens (NFTs). However, the reception from the cryptocurrency community has been varied. Phil Geiger, the vice president of product marketing at Unchained, expressed disappointment on April 25 via an X […]

Author: Jai Sahu

BlockFi and Coinbase Collaborate on Fund Distribution, Web Platform to Shut Down

BitMEX Launches Options Trading, Aims to Rival Deribit’s Market Share

Australian Tax Office Requests Data on Over a Million Cryptocurrency Users

Robinhood Faces Potential SEC Lawsuit Over Cryptocurrency Practices

Vodafone to Incorporate Crypto Wallets in SIM Cards for Blockchain Adoption

India is Behind Pakistan in Crypto Adoption, US Ranked Second in Crypto-Friendly Nations

Binance Founder Changpeng Zhao Receives Four-Month Prison Sentence

ED Takes Down ‘E-Nugget’ Gaming Scam, Seizes Crypto Assets

𝐔𝐊-𝐁𝐚𝐬𝐞𝐝 𝐂𝐚𝐬𝐡𝐚𝐚 𝐒𝐞𝐭 𝐭𝐨 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐞 𝐂𝐫𝐲𝐩𝐭𝐨 𝐖𝐚𝐥𝐥𝐞𝐭 𝐢𝐧 𝐒𝐞𝐯𝐞𝐧 𝐌𝐚𝐫𝐤𝐞𝐭𝐬, 𝐈𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 𝐈𝐧𝐝𝐢𝐚

𝐆𝐨𝐨𝐠𝐥𝐞 𝐂𝐥𝐨𝐮𝐝’𝐬 𝐖𝐞𝐛𝟑 𝐏𝐨𝐫𝐭𝐚𝐥 𝐋𝐚𝐮𝐧𝐜𝐡 𝐒𝐩𝐚𝐫𝐤𝐬 𝐃𝐞𝐛𝐚𝐭𝐞 𝐢𝐧 𝐂𝐫𝐲𝐩𝐭𝐨 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

Russia Proposes 15% Tax on Crypto and Mining Restrictions

WazirX Plans to Launch New Decentralized Exchange

Binance, Indian Police Bust Energy Scam, Recover $100K USDT

Indian Govt. Officials Probe Crypto Exchange WazirX's $234M Hack

Dubai's VARA Updates Marketing Regulations and Guidelines for VASPs

Germany Shuts Down 47 Crypto Exchanges for Illegal Activities

𝗬𝗼𝘂𝗿 𝗜𝗻𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝘁 𝗖𝗿𝘆𝗽𝘁𝗼 𝗮𝗻𝗱 𝗚𝗹𝗼𝗯𝗮𝗹 𝗡𝗲𝘄𝘀 𝗔𝗹𝗹𝘆

Coinroot is dedicated to delivering current, accurate, and comprehensive news in the dynamic world of cryptocurrency and global events. We aim to simplify complex crypto-economic concepts for our audience, providing a trusted source of information for crypto enthusiasts and the wider public alike.