Latest news with #CryptoTracker
Time of India
23-07-2025
- Business
- Time of India
Michael Saylor's Strategy owns 3% of Bitcoin in circulation after latest purchase
Michael Saylor's Strategy now owns more than 3% of all the Bitcoin ever minted following the crypto treasury company 's latest purchase of the original cryptocurrency . The former MicroStrategy Inc. acquired 6,220 Bitcoin for $739.8 million during the seven days ended July 20, according to a filing Monday with the US Securities and Exchange Commission. This raised the Tysons Corner, Virginia-based firm's holdings to 607,770 Bitcoin — which is about 3.05% of the roughly 19.9 million token issued. The stack is worth about $72 billion. Explore courses from Top Institutes in Please select course: Select a Course Category healthcare Product Management Finance CXO Operations Management MCA Others Healthcare MBA others Management Technology Cybersecurity Data Science Digital Marketing Data Science Project Management Artificial Intelligence Public Policy Design Thinking Data Analytics Leadership PGDM Degree Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details Strategy has been using a combination of common and preferred shares, as well as debt, to fund Bitcoin purchases since it began accumulating the cryptocurrency in late 2020 as a hedge against inflation. Dozens of companies have begun to emulate the practice. Strategy is the world's leading corporate owner of Bitcoin. BlackRock's iShares Bitcoin Trust ETF (IBIT) holds about $86 billion in assets. Crypto Tracker TOP COIN SETS NFT & Metaverse Tracker 15.58% Buy DeFi Tracker 11.00% Buy Crypto Blue Chip - 5 7.78% Buy AI Tracker 6.81% Buy Web3 Tracker 3.48% Buy TOP COINS (₹) BNB 68,682 ( 3.52% ) Buy Bitcoin 10,319,321 ( 1.58% ) Buy Tether 86 ( 0.11% ) Buy XRP 304 ( -0.87% ) Buy Ethereum 322,583 ( -1.33% ) Buy While some other tokens' unlimited supply has concerned investors, Bitcoin's store of value proposition has been buoyed by the 21 million limit on the number of tokens to be mined. Instructions in the network's original code have further helped to promote the scarcity value of the token — like quadrennial halving events that automatically slash the amount of token rewards miners earn. The last Bitcoin is expected to be issued in the year 2140. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » Strategy said separately Monday that it planned to offer 5 million of variable-rate Series A perpetual Stretch preferred stock to help finance additional Bitcoin purchases. It is the fourth series of preferred shares by the company. Live Events The common shares of Strategy has surged more than 3,500% since Saylor - a founder and executive chairman of the company - began buying Bitcoin. The cryptocurrency has risen about 1,100% during the same period, while S&P 500 has increased around 120%.
Time of India
21-07-2025
- Business
- Time of India
How safe are your crypto assets after CoinDCX's Rs 368 crore hack?
India's leading cryptocurrency exchange, CoinDCX , recently suffered a security breach resulting in a loss of approximately $44.2 million (Rs 368 crore). While the company quickly reassured users that no customer assets were affected, the incident has reignited concerns over the security of crypto platforms and what more must be done to protect users in an increasingly hostile cyber environment. What happened? Explore courses from Top Institutes in Select a Course Category Public Policy Technology Data Science Data Science MCA Cybersecurity CXO Operations Management Others Management Project Management Healthcare Leadership Finance Degree PGDM Digital Marketing Product Management Artificial Intelligence others MBA Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details CoinDCX disclosed on Saturday that one of its internal operational accounts — used for liquidity provisioning on a partner exchange — was compromised following a "sophisticated server breach." The company emphasized that the breach was limited to this internal wallet and did not impact user funds . 'Today, one of our internal operational accounts — used only for liquidity provisioning on a partner exchange — was compromised due to a sophisticated server breach,' said Sumit Gupta, Co-founder and CEO, in a post on X. 'I confirm that the CoinDCX wallets used to store customer assets are not impacted and are completely safe.' Crypto Tracker TOP COIN SETS NFT & Metaverse Tracker 18.12% Buy DeFi Tracker 16.19% Buy AI Tracker 13.55% Buy Crypto Blue Chip - 5 10.28% Buy Web3 Tracker 9.18% Buy TOP COINS (₹) Ethereum 327,471 ( 3.83% ) Buy XRP 307 ( 3.62% ) Buy BNB 65,914 ( 3.03% ) Buy Bitcoin 10,294,933 ( 1.35% ) Buy Tether 86 ( 0.08% ) Buy The compromised account was isolated quickly, and CoinDCX stated that it would absorb the entire loss from its treasury, with no impact on customers. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » Live Events Services remain stable, but questions linger Despite the breach, CoinDCX said that trading and INR withdrawals continued without interruption. However, some users reported issues accessing their portfolios due to increased server traffic, which were later resolved. Meanwhile, blockchain analysts such as ZachXBT and cybersecurity firm Cyvers flagged the breach hours before the official announcement. The attacker reportedly transferred stablecoins (USDC and USDT) from Solana to Ethereum and used Tornado Cash to obscure the trail — a common tactic used to evade tracking. Experts stress the need for stronger industry norms The incident has raised concerns among industry experts, who say more robust, industry-wide security standards are critical. 'The CoinDCX incident is a sobering reminder that no platform is immune to evolving cyber threats,' said Aishwary Gupta, Global Head of Payments at Polygon Labs. 'While it's commendable that user funds remained safe, this highlights the urgent need for industry-wide adoption of real-time monitoring, rigorous smart contract audits, and transparent incident disclosures. Security and user trust must go hand-in-hand as we build the next generation of financial infrastructure.' CoinDCX response and roadmap In response to the attack, CoinDCX said it is working with external cybersecurity experts and the affected partner exchange to identify vulnerabilities and trace the stolen assets. Gupta also mentioned plans to launch a bug bounty program to detect system flaws before they can be exploited. 'Our internal security and operations teams have been working through the day along with leading cybersecurity partners to investigate the matter, patch any vulnerabilities, and trace the movement of funds,' Gupta added. The company has not disclosed whether law enforcement or regulatory bodies have been engaged, but said updates will be shared with the community in real time. Why this matters This incident comes nearly a year after WazirX — another major Indian exchange — suffered a breach involving over $230 million. While WazirX paused withdrawals and faced criticism for delayed communication, CoinDCX's decision to take full financial responsibility may set a new benchmark for user-first accountability. The broader concern now is whether crypto platforms are equipped to match the pace of increasingly sophisticated cyber threats — and whether India's regulatory framework can evolve quickly enough to safeguard retail investors. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
17-07-2025
- Business
- Time of India
Trump's World Liberty crypto tokens to become tradable
Holders of the digital tokens issued by World Liberty Financial , one of the crypto ventures of the family of Donald Trump, voted on Wednesday to make them tradeable, paving the way for their wide sale and purchase -- potentially boosting the value of the president's holdings of them. The World Liberty tokens, known as $WLFI, were sold to investors after the Trump family and their partners launched the venture - a "decentralised finance" platform that has also issued a stablecoin - last autumn. Explore courses from Top Institutes in Select a Course Category MCA MBA Technology Leadership CXO Finance Project Management Design Thinking Digital Marketing healthcare Healthcare Degree Management Others Public Policy Data Analytics Operations Management Cybersecurity Data Science PGDM Data Science others Product Management Artificial Intelligence Skills you'll gain: Programming Proficiency Data Handling & Analysis Cybersecurity Awareness & Skills Artificial Intelligence & Machine Learning Duration: 24 Months Vellore Institute of Technology VIT Master of Computer Applications Starts on Aug 14, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo The tokens were not made tradeable at their initial sale. Instead, they gave holders a right to vote on some changes to the business, such as its underlying code. Early investors have said the primary draw of $WLFI was the connection to Trump and, in turn, their expectations the tokens would grow in value due to his backing. Crypto Tracker TOP COIN SETS NFT & Metaverse Tracker 19.91% Buy Web3 Tracker 11.50% Buy AI Tracker 9.90% Buy Crypto Blue Chip - 5 9.18% Buy DeFi Tracker 7.87% Buy TOP COINS (₹) Ethereum 286,999 ( 6.49% ) Buy XRP 259 ( 3.67% ) Buy BNB 61,333 ( 3.34% ) Buy Bitcoin 10,150,184 ( 0.47% ) Buy Tether 86 ( -0.01% ) Buy Making the tokens tradeable would see investors determine their price, enabling speculation, earning trading fees for exchanges that list them and likely stoking interest from a wider swath of crypto investors. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » The extent to which the Trump family, which reaps three-quarters of revenues from the initial sales of the tokens, will benefit from their wider trading is not clear. Live Events Gains in the tokens' price would, however, swell the value of the family's token holdings, the exact level of which is unclear. World Liberty and Trump's other crypto businesses have faced criticism from Democratic lawmakers and ethics experts as the president's administration reshapes regulations in the booming crypto sector. Democratic Senator Elizabeth Warren and Democratic Representative Maxine Waters sent a letter to the U.S. Securities and Exchange Commission earlier this year in which they said, "The Trump family's financial stake in World Liberty Financial represents an unprecedented conflict of interest with the potential to influence the Trump Administration's oversight-or lack thereof-of the cryptocurrency industry." The World Liberty tokens have not been designated as securities by the SEC, meaning they are not subject to the same scrutiny as investments like stocks. The White House has said Trump's assets are in a trust managed by his children and that there are no conflicts of interest. The White House has not released the details of the trust arrangement. The Trump family business has been placed into a trust whose sole beneficiary is the president, meaning that the hundreds of millions of dollars from crypto deals struck while Trump is in office could hypothetically be withdrawn at any time, or at the latest, be at his disposal when he leaves office in less than four years. Trump's company, DT Marks DEFI LLC, was set to receive 22.5 billion out of a total 100 billion $WLFI tokens, according to a description of the project released in October. The president held 15.75 billion of the tokens at the end of last year, according to a public financial disclosure report published last month. The Trump family has made around $500 million from World Liberty since the platform was launched, according to calculations based on the company's terms and conditions, transactions traced by crypto analysis firms and publicly-disclosed deals. Asked by Reuters how the vote would impact the value of $WLFI tokens held by Trump and his family, the White House press office said: "This is not an inquiry for the White House." The Trump Organization did not respond to a request for comment. In response to Reuters' questions about how the tokens will become tradable, a World Liberty spokesperson said: "Additional details are forthcoming." The venture says on its website that making $WLFI tradeable "brings us one step closer to building a more open, transparent, and powerful financial system." "The American public should be very concerned about the president's vested interests in the cryptocurrency market," said Chris Swartz, a former longtime attorney at the U.S. government's Office of Government Ethics, including under both Trump administrations, who now serves as senior ethics counsel for Democracy Defenders Action, a legal advocacy group. "Not only is it a potential conduit for foreign emoluments and other illicit payments, but it puts the president in competition against other cryptocurrency issuers at the same time he is advocating for digital asset marketplace legislation. That is a clear conflict of interest." 99.9% SUPPORT The World Liberty proposal to "formally initiate the tradability of the token," posted on its website on July 9, was approved by 99.94% of around 20,900 votes. Some voters cited expectations of price gains or support for Trump as reasons for their choice. "We invested to get rich," one wrote on the World Liberty website. "To make america great again," wrote another. The identities of nearly all holders are hidden behind wallet addresses. A Milan-based person using the name Paolo, who declined to give his full name, told Reuters he had bought 95,000 $WLFI tokens for about $5,000. $WLFI tokens were sold in two initial tranches at $0.015 and $0.05. Paolo said he voted in favour of making the tokens tradeable and planned to hold the tokens until they reach $12. "Then I try to buy more when the price drops," he said. The World Liberty proposal said the timing for making the tokens tradeable, and the eligibility requirements, would be determined at a later, unspecified date. Tokens held by World Liberty's founders, team and advisers would not be initially "unlocked" for trading and would be subject to a longer "unlock schedule," it said. The implementation of approved proposals would "occur within a reasonable time from the passage of the applicable proposal," according to the project description from October.
Time of India
11-07-2025
- Business
- Time of India
Bitcoin hits $116K: Do on-chain metrics signal more upside?
BTC has broken out to an all-time high of $116k for the first time in its history, signalling more than just a bullish sentiment. This marks a structural shift in how investors view Bitcoin. Amid rising geopolitical tensions, tariff escalations, and shifting global trade dynamics, Bitcoin is slowly getting mainstreamed and is now being embraced not just by early adopters but increasingly by institutional investors. Unlike previous cycles, which were mainly driven by retail investors, this Bitcoin cycle is backed by stronger on-chain metrics, long-term holder accumulation, and consistent institutional inflows. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo Investors are now analysing Bitcoin the way they would evaluate a traditional asset, looking beyond price charts to understand the underlying strength of the network. They are looking at metrics like network activity, transaction fees, user growth, and exchange reserves. But to truly understand its long-term potential, one has to get to the heart of its fundamentals. Here's a breakdown of it. Crypto Tracker TOP COIN SETS NFT & Metaverse Tracker 19.11% Buy DeFi Tracker 18.32% Buy AI Tracker 17.92% Buy Web3 Tracker 16.47% Buy Crypto Blue Chip - 5 11.63% Buy TOP COINS (₹) Ethereum 256,381 ( 6.57% ) Buy XRP 220 ( 6.12% ) Buy Bitcoin 10,095,341 ( 5.91% ) Buy Solana 14,054 ( 3.85% ) Buy BNB 58,923 ( 2.45% ) Buy Bitcoin's On-Chain Metrics: Long-term investors continue to dominate supply dynamics, with 30% of the wallet addresses holding BTC for longer than 5 years. Despite recent volatility, long-term holders remain profitable with cost bases predominantly below $50,000. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » Live Events Year Address with 1Y+ Holding Period Address with 5Y+ Holding Period 2020 59.1 % 21.9 % 2021 56.9 % 23.1 % 2022 66.5 % 26.9 % 2023 70.4 % 31.2 % 2024 62.1 % 30.7 % July 2025 61.9 % 30 % Source: Bitbo, India Crypto Research Bitcoin's recent numbers show strong support from investors and healthy activity on the network. In Q2 2025, miners earned $4 B, the highest in over a year, meaning that the network remains secure and active. This translates into continued belief in its long-term potential as a valuable digital asset. Bitcoin's Financial Metrics Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Fees (Total transaction fees paid by users) $446 M $60 M $126 M $52 M $51 M Token incentives (Total $ value of newly minted bitcoin given to the miners as incentives) $2.6 B $3.6 B $3.6 B $3.8 B $4 B P/F ratio (Valuation metric comparing the market cap to annualised fees, similar to P/E ratio) 922 999 1988 3096 7504 Source: Token Terminal, India Crypto Research Bitcoin's network health also remained robust in July 2025, with the hashrate reaching 891M TH/s, signalling strong miner confidence after the recent halving. Institutional Adoption of Bitcoin: The approval of spot Bitcoin ETFs by the SEC has been extremely vital for the crypto markets, allowing institutions to offer regulated Bitcoin exposure to their clients. BlackRock's iShares Bitcoin Trust (IBIT) has seen massive demand with over $77 B in AUM, and 140+ public companies now hold Bitcoin in their balance sheets. This reflects the growing confidence of investors in crypto as an asset class. Government Bitcoin Holdings: Governments around the world now hold 527,656 Bitcoins ($58.5 B) as part of their reserves. Led by the U.S. and China, over 97% of these holdings are among the top 6 countries. This shows the growing trust in Bitcoin as a strategic, long-term asset. Although the Indian Government does not hold any Bitcoin, India has ranked #1 in Global Crypto Adoption in the last 2 years. Country BTC Holdings Value in USD United States 198,012 22 B China 19o,000 21 B United Kingdom 61,245 6.8 B Ukraine 46,351 5.1 B Bhutan 11,711 1.3 B El Salvador 6,233 693 M Source: Arkham, Bitcoin Treasury, India Crypto Research. Data as of July 10, 2025 Conclusion: Bitcoin's response to the 2025 macro environment shows how far it has come from being a speculative asset to an institutional-grade reserve. With robust network health, high token incentives for miners, increasing long-term holders, and surging ETF inflows, Bitcoin's adoption is accelerating. As traditional systems grapple with collateral uncertainty, Bitcoin's scarce, transparent, and borderless design positions it uniquely for the coming monetary regime shift.
Time of India
10-07-2025
- Business
- Time of India
Jack Ma-backed Ant to add Circle's Stablecoin to global net
Jack Ma-backed Ant Group Co. is working with Circle Internet Group Inc. to adopt its stablecoin on the Chinese fintech company's blockchain platform, according to people familiar with the matter. Ant International, the company's global unit, is planning to incorporate Circle's USDC coin on its blockchain platform after the asset becomes compliant in the US, the people said, requesting not to be named because the matter is private. The exact timeline has yet to be determined, the people added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Contribute ToGau Seva At Hare Krishna Mandir Hare krishna Mandir Donate Now Undo Stablecoins are gaining more acceptance after the US Senate passed legislation in June setting up rules for cryptocurrencies pegged to the dollar. Circle, which listed its shares in June, has been a main beneficiary of that optimism, being one of the few publicly traded companies that's issued its own stablecoin. The company said in April that it would launch a payments network to help financial institutions settle cross-border transactions using the tokens. Crypto Tracker TOP COIN SETS NFT & Metaverse Tracker 6.20% Buy DeFi Tracker 5.30% Buy Web3 Tracker 3.70% Buy Crypto Blue Chip - 5 3.70% Buy AI Tracker 1.99% Buy TOP COINS (₹) Ethereum 238,400 ( 6.54% ) Buy XRP 210 ( 4.95% ) Buy Solana 13,570 ( 3.71% ) Buy Bitcoin 9,521,124 ( 2.23% ) Buy BNB 57,498 ( 1.53% ) Buy Circle's shares rose as much as 5.4% in premarket trading on Thursday. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » The collaboration is also part of Ant International's ambitions to introduce more regulated cryptocurrencies like those issued by central banks and tokenized deposits onto its blockchain — a technology that now underpins its treasury management and cross-border payment services. Live Events Circle and Ant declined to comment. Ant processed more than $1 trillion of global transactions last year, a third of which were handled by its blockchain, people familiar have said. Ant International itself is seeking to apply for stablecoin licenses in Singapore and Hong Kong, as well as a related permit in Luxembourg, people said in June. Stablecoins are digital assets designed to hold a steady value, usually pegged to another currency. They are crucial to the functioning of crypto markets, with about $250 billion of them in circulation in June. Regulators around the world are trying to put rules on the sector, fearing the risk of stablecoin crashes and money laundering. Read more: What Are Stablecoins and Why Are Regulators Wary? Ant Growth Since its record initial public offering was halted in 2020, Ant has been developing new initiatives to drive growth after its lucrative online lending business got handicapped by regulators in China. Following that, Ant International established an independent board, setting the stage for a spinoff and potential IPO. The unit generated nearly $3 billion in revenue for 2024 and has produced two consecutive years of adjusted profit, people familiar said in May. Ant International could fetch an IPO valuation ranging from $8 billion to $24 billion if it were to list in Hong Kong, according to Bloomberg Intelligence. Increasingly, the unit's treasury business has shown growth potential due to the sheer amount of transactions it handles for the e-commerce platforms of its affiliate Alibaba Group Holding Ltd., as well as external clients. Ant's blockchain platform currently supports multiple tokenised assets from banks and institutions around the world. It has signed agreements to collaborate with more than 10 banks globally, including HSBC Holdings Plc, BNP Paribas SA, JPMorgan Chase & Co. and Standard Chartered Plc. As crypto adoption has grown, many companies have slowly made their way into the space, including financial and technology heavyweights. A high-profile attempt by Facebook and Instagram owner Meta Platforms Inc. to launch a stablecoin in 2019 later unravelled after a backlash. The rollout in 2023 of a stablecoin from PayPal Holdings Inc. marked the first effort from a big financial company. Walmart Inc. and Inc. are among companies discussing issuing their own stablecoins. There are also tokens that can act like stablecoins for use as collateral during trading, like tokenized money market funds. Asset managers, including BlackRock Inc. and Franklin Templeton, have created these kinds of products in recent years.
