Cryptocurrency

Two Indian-origin men arrested in US on money laundering charges; victims of scam ordered to pay in gold bars, cryptocurrency

contact@dailyupdatesindia.com2 weeks ago02 mins

Two Indian-origin men have been arrested in the United States on federal money laundering charges following an investigation into a large scam operation that targeted victims across several states, authorities said.Tejas Patel and Navya Bhatt are facing three counts of money laundering each, according to the Cleveland1. This comes after federal agents uncovered their alleged…

Will Budget 2026 provide clarity on cryptocurrency taxation, simplify compliance?

contact@dailyupdatesindia.com2 weeks ago08 mins

Tempted by glittering returns of Bitcoin and Ethereum, lack of clarity is holding you back? Will Union Budget 2026 lend some clarity to the crypto framework in India?The Halwa ceremony is now over, final preparations are in place and all eyes are on what Union finance minister Nirmala Sitharaman’s red bahikhata is holding for various…

Budget 2026 expectations: India’s cryptocurrency tax framework deserves a timely recalibration

contact@dailyupdatesindia.com1 month ago04 mins

The upcoming Union Budget offers a moment to consider how crypto taxation can better align incentives with outcomes. By Nischal ShettyCrypto taxation in India was introduced at a moment when digital assets were gaining rapid adoption, but regulatory clarity was still evolving globally. In the Union Budget of 2022, the government implemented a flat 30…

Shilpa Shetty’s husband Raj Kundra summoned in connection with cryptocurrency fraud and alleged Rs 150 crore money-laundering case |

contact@dailyupdatesindia.com1 month ago03 mins

Businessman Raj Kundra, actor Shilpa Shetty’s husband has been summoned by a special court under the Prevention of Money Laundering Act (PMLA) in Mumbai in connection with the GainBitcoin cryptocurrency fraud and an alleged money-laundering case. This report comes after Rs 60 crore fraud allegations against Raj and Shilpa which he had denied earlier. The…

The Hyderabad Narcotics Enforcement Wing (H-NEW) arrested four people, including three alleged drug peddlers, for their involvement in a drug network. H-NEW officials said the accused — Ummidi Immanuel, an event manager from Kondapur; Sushmitha Devi, a software professional at a prominent firm; and G Sai Kumar, a gig worker — along with a consumer, T Taraka, were nabbed in Chikkadpally on Dec 23. Police seized 22 grams of OG, five grams of MDMA, six LSD blots and six grams of ecstasy pills, collectively valued at Rs 3.12 lakh, from their possession According to police, Immanuel and Sushmitha were in a live-in relationship. Immanuel, who was once a drug user, allegedly turned peddler and, along with Sushmitha, sourced drugs and sold them to clients. Immanuel reportedly procured drugs from multiple sources, including the dark web, using the Tor browser. “Payments were made through Binance and Trust Wallet by converting money into cryptocurrency. The drugs were delivered to Immanuel through courier services by absconding suppliers,” an H-NEW official said. The contraband was then sold at higher rates to known consumers in Hyderabad. “In Immanuel’s absence, Sushmitha managed the operations and acted as a sub-peddler. She used Sai Kumar as a transporter and distributor to deliver drugs to consumers and also handled financial transactions,” police said. Police added that Sushmitha, who earned around Rs 25,000 a month as a software professional, received payments directly into her bank account and independently managed the drug peddling operations under Immanuel’s directions when he was not present. | Hyderabad News

contact@dailyupdatesindia.com2 months ago02 mins

Four peddlers, one consumer arrested in Telangana drug bust HYDERABAD: The Hyderabad Narcotics Enforcement Wing (H-NEW) arrested four people, including three alleged drug peddlers, for their involvement in a drug network.H-NEW officials said the accused — Ummidi Immanuel, an event manager from Kondapur; Sushmitha Devi, a software professional at a prominent firm; and G Sai…

Bitcoin plunges sharply! Cryptocurrency drops below $86,000; weak demand, global risks hit sentiment

contact@dailyupdatesindia.com2 months ago02 mins

Bitcoin fell sharply on Monday, slipping below $86,000 in early Asian trade as renewed selling hit the cryptocurrency market at the start of December.The world’s largest digital asset dropped by 6%. Ether also declined more than 7% to around $2,800, while other major tokens, including Solana also registered steep losses. Traders said that the broader…

Crash course! Cryptocurrency market’s $1 trillion rout hits Trump family fortune; how much loss crypto-linked holdings have caused?

contact@dailyupdatesindia.com3 months ago05 mins

The Trump-associated memecoin has seen a huge 25% decline since August. (AI image) The recent crash in the cryptocurrency market has cost US President Donald Trump and his family several millions of dollars. During Donald Trump’s second presidential term, digital assets have significantly altered his family’s wealth and portfolio. But the perils and instability associated…

Bitcoin crash! Cryptocurrency dives below $90,000 for first time in 7 months; $1.2 trillion wiped out in market rout

contact@dailyupdatesindia.com3 months ago02 mins

Bitcoin slipped below the $90,000 mark for the first time in seven months on Tuesday, signalling a sharp retreat in risk appetite across global markets. The world’s biggest cryptocurrency, which touched a record high above $126,000 in October, has now surrendered all its gains for 2025 and is down nearly 30 per cent from its…

China blames US for $13 billion 2020 Bitcoin theft, stealing 127,272 Bitcoins from one of the world’s largest cryptocurrency miners

contact@dailyupdatesindia.com3 months ago02 mins

China has accused the US government of conducting a 2020 cyberattack that resulted in the theft of more than $13 billion worth of Bitcoin. According to a report published over the weekend by China’s National Computer Virus Emergency Response Center (CVERC), Washington was behind the December 2020 hack that stole 127,272 Bitcoin from LuBian, one…

Cryptocurrency rates today: Bitcoin steadies above $112k after brief dip; Ethereum edges up 0.6% amid cautious trade

contact@dailyupdatesindia.com4 months ago02 mins

Bitcoin moved up to $112,493 following a brief fall under $110,000 on Wednesday, indicating careful market behaviour. Ethereum was trading at approximately $4,119, showing a 0.59% increase.At 10.26 am IST, Ethereum registered a 0.59% gain at $4,118. Several prominent cryptocurrencies including BNB, XRP, Dogecoin, Tron, Cardano, and Hyperliquid declined by over 3%, while Solana increased…

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Will Budget 2026 provide clarity on cryptocurrency taxation, simplify compliance?

Budget 2026 expectations: India’s cryptocurrency tax framework deserves a timely recalibration

Shilpa Shetty’s husband Raj Kundra summoned in connection with cryptocurrency fraud and alleged Rs 150 crore money-laundering case |

Bitcoin plunges sharply! Cryptocurrency drops below $86,000; weak demand, global risks hit sentiment

Bitcoin crash! Cryptocurrency dives below $90,000 for first time in 7 months; $1.2 trillion wiped out in market rout

Cryptocurrency rates today: Bitcoin steadies above $112k after brief dip; Ethereum edges up 0.6% amid cautious trade