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Rupee pressured, I-T cracks fake PAN and code games behind overseas remittances

Rupee pressured, I-T cracks fake PAN and code games behind overseas remittances

As the rupee weakens, India’s Income Tax department says it is intensifying checks on suspicious outward flows via banks and crypto wallets. Using information-sharing with Thailand, it flagged remittances routed to Thailand’s money-laundering ecosystem, including cases where the “overseas education” purpose code S0305 and incorrect PAN details were used to bypass the RBI’s LRS cap of $250,000 per year. Investigators also traced transactions tied to UPI IDs linked to gaming operations across multiple countries and to crypto-linked adult and betting networks.

Summarised by Beize from a story on The Economic Times on 14 May 2026
BoE Bailey warns a US stablecoin fight over global standards could shake crisis convertibility

BoE Bailey warns a US stablecoin fight over global standards could shake crisis convertibility

Bank of England Governor Andrew Bailey says the world should expect a “wrestle” between US policy and international regulators over stablecoins, which he views as a potential financial stability risk. Bailey argues some US-issued stablecoins may not be easily converted into dollars without routing through crypto exchanges, limiting access during crises. He also warns that if stablecoins become widely used for cross-border payments, hard-to-convert tokens could flow to jurisdictions like Britain, which promise stronger convertibility obligations.

Summarised by Beize from a story on The Economic Times on 14 May 2026

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Bitcoin dips near 79600 as inflation worries sap crypto momentum and dominance holds steady

Bitcoin dips near 79600 as inflation worries sap crypto momentum and dominance holds steady

Bitcoin slipped to around the $79,600 level as the wider crypto market weakened. Inflation concerns and cautious sentiment left buyers on the sidelines, while profit-booking and fading momentum pressured both majors and altcoins. Traders are now focused on upcoming US macroeconomic releases and geopolitical cues, with BTC dominance remaining elevated as markets wait for direction.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Bitcoin Surges Past 81000 as Sentiment Turns Risk On But Traders Spot Profit Taking

Bitcoin Surges Past 81000 as Sentiment Turns Risk On But Traders Spot Profit Taking

Bitcoin pushed above $81,000, drawing strength from institutional demand and short-covering as traders reposition toward a more risk-on stance. But the move isn’t being called a clean breakout: profit-taking has surfaced as holders lock in gains after the jump. Market watchers are now waiting for confirmation to see if momentum truly holds.

Summarised by Beize from a story on The Economic Times on 6 May 2026
a16z crypto raises 2.2 billion for Fund V betting on stablecoins and AI agents

a16z crypto raises 2.2 billion for Fund V betting on stablecoins and AI agents

Andreessen Horowitz’s crypto arm, a16z crypto, has secured a massive $2.2 billion for Fund V. The fund will prioritize stablecoins and AI agents, arguing that crypto’s native features are becoming more valuable as software grows more complex and AI systems stay largely opaque, reshaping what investors think the next infrastructure layer should look like.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Bitcoin nears 80K as $630 million ETF inflows spark a 12% April surge

Bitcoin nears 80K as $630 million ETF inflows spark a 12% April surge

Bitcoin surged past $79,900, driven by about $630 million in ETF inflows and delivering its strongest monthly gain in a year with a 12% jump in April. Analysts expect momentum to carry it toward the mid-$80,000s, citing the Federal Reserve’s leadership transition as a key macro influence as the market shows increasing resilience and maturity.

Summarised by Beize from a story on The Economic Times on 4 May 2026

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North Korea rejects US cybercrime claims calling them absurd slander and denies weapons funding

North Korea rejects US cybercrime claims calling them absurd slander and denies weapons funding

North Korea has dismissed US allegations that it commits cybercrimes to finance its weapons programs, calling the claims “absurd slander.” Washington says Pyongyang has stolen billions in virtual assets, a key revenue stream under sanctions, and the US Justice Department has prosecuted people tied to the multi-year scheme.

Summarised by Beize from a story on The Economic Times on 4 May 2026
Tether cuts gold buys in Q1 as USDT reserves stay Treasury heavy

Tether cuts gold buys in Q1 as USDT reserves stay Treasury heavy

Tether reduced its gold purchases sharply in the first quarter, with purchases falling from 27 tons to 6 tons, according to data. Despite the slowdown, Tether says it kept a diversified reserve mix anchored largely in U.S. Treasuries, alongside Bitcoin and a smaller—though still strategic—gold allocation supporting USDT.

Summarised by Beize from a story on The Economic Times on 2 May 2026
US launches Operation Economic Fury to cut Iran off from hidden crypto networks

US launches Operation Economic Fury to cut Iran off from hidden crypto networks

The US has renamed its Iran operation to Operation Economic Fury, shifting the fight to Iran-linked cryptocurrency networks. The stated goal is to prevent Iran from moving money globally using digital channels. Reports say hundreds of millions of dollars tied to Iranian crypto activity have already been frozen, reinforcing America’s sanctions strategy in a new “digital battleground.”

Summarised by Beize from a story on The Economic Times on 30 Apr 2026
Bitcoin slips below 21 day average after Fed holds rates steady

Bitcoin slips below 21 day average after Fed holds rates steady

Bitcoin traded near $76K but fell for a second day after the US Federal Reserve kept interest rates unchanged. Even with rates steady as expected, both Bitcoin and Ethereum slipped as investors stayed cautious amid macro uncertainty. Bitcoin also dropped below the 21-day average and key support levels, even as signs of underlying demand in crypto remain resilient.

Summarised by Beize from a story on The Economic Times on 30 Apr 2026

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MeitY Warns VPN Firms as India Cracks Down on Illegal Betting and Prediction Markets

MeitY Warns VPN Firms as India Cracks Down on Illegal Betting and Prediction Markets

MeitY has advised VPN providers and intermediaries to stop enabling access to blocked online betting and prediction markets, citing due-diligence duties under the IT Rules 2021. The ministry says users are bypassing restrictions through VPNs and converting rupees into stablecoins like USDC to participate. The warning intensifies India’s crackdown on real money gaming and opinion trading, despite legal ambiguity.

Summarised by Beize from a story on Inc42 on 30 Apr 2026
Bitcoin nears 80000 as a billionaire’s buying theory sparks fresh questions

Bitcoin nears 80000 as a billionaire’s buying theory sparks fresh questions

Bitcoin is hovering near the 80,000 level as markets debate what’s fueling the latest push. Billionaire Michael Saylor’s Strategy has been a major buyer, but its pace has reportedly slowed due to funding pressures tied to STRC shares. Meanwhile, broader risk-on moves and macro uncertainty keep the trend anything but clear.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026
Bitcoin steadies near 77K after 79K record surge as inflows return with 2.12 billion

Bitcoin steadies near 77K after 79K record surge as inflows return with 2.12 billion

Bitcoin is hovering around $77,000 to $79,000 after briefly touching a record high near $79,000. The market is buoyed by nine consecutive days of inflows worth about $2.12 billion, signaling renewed institutional confidence. Analysts also cite improving geopolitical sentiment and argue this could be Bitcoin’s strongest April since 2020 if it clears $80,000.

Summarised by Beize from a story on The Economic Times on 27 Apr 2026
US freezes 344 million in crypto tied to Iran to squeeze Tehran harder

US freezes 344 million in crypto tied to Iran to squeeze Tehran harder

The US has frozen $344 million in cryptocurrency assets linked to Iran, with the Treasury Department saying the move is designed to increase pressure on Tehran. Officials cite disruptions to energy supplies amid the Middle East war and promise to degrade Iran’s ability to move funds. Sanctions reportedly target multiple crypto wallets tied to Iran.

Summarised by Beize from a story on The Economic Times on 25 Apr 2026

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Bitcoin hovers near 78K as Ethereum steadies after rebound cools

Bitcoin hovers near 78K as Ethereum steadies after rebound cools

Bitcoin is holding near recent highs around $78K while Ethereum remains steady near $2,300, but the rally is losing steam after a strong rebound. Global crypto market capitalization dipped slightly as geopolitical tensions and uncertainty in monetary policy weighed on risk appetite. Despite mixed altcoin moves, investors appear to be concentrating capital in leading coins, treating Bitcoin as a macro hedge-like alternative.

Summarised by Beize from a story on The Economic Times on 25 Apr 2026
Bitcoin Tops 100K for First Time as Putin-Linked Support Raises Eyebrows

Bitcoin Tops 100K for First Time as Putin-Linked Support Raises Eyebrows

Bitcoin has crossed $100,000 for the first time, surging up to 6.59% in 24 hours and sparking fresh momentum across crypto markets. The rally is being tied to support from a newly cited backer, raising questions about how geopolitics, including a Putin connection, may be influencing investor sentiment and demand at this milestone.

Summarised by Beize from a story on Republic on 24 Apr 2026
Hacken Audits MEXC and Confirms Full Asset Backing With Over 100 Percent Coverage

Hacken Audits MEXC and Confirms Full Asset Backing With Over 100 Percent Coverage

MEXC has published a fresh independent Proof of Reserves audit by Hacken, completed Nov 26, 2025. The report says MEXC holds sufficient on-chain assets to cover all user liabilities, with major assets like BTC, ETH, USDT and USDC showing coverage above 100%. Hacken used Proof of Liabilities, ownership procedures, and Merkle-tree verification across multiple blockchain networks.

Summarised by Beize from a story on Startup India Magazine on 24 Apr 2026
CoinDCX founders get bail as court finds no cheating case against them

CoinDCX founders get bail as court finds no cheating case against them

CoinDCX co-founders were granted bail after a court concluded there was no prima facie case of cheating against them. The crypto firm said the arrests were triggered by a fraudulent website impersonating CoinDCX, deceiving a complainant. CoinDCX added that its official platform is “.pro” and claimed it was also a victim of the scam.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Bitcoin stumbles in 2025 drops 5 percent after October peak as liquidation fears grow

Bitcoin stumbles in 2025 drops 5 percent after October peak as liquidation fears grow

Bitcoin ended 2025 down 5% and about 30% from its October peak after a wave of volatility and mass liquidations. Analysts point to stabilisers already emerging: better liquidity, low exchange reserves, increased institutional interest, and clearer regulation. With major central banks easing and crypto infrastructure expanding, 2026 may bring a steadier, more sustainable recovery.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Bitcoin’s Wall Street glow fades as it moves like risk assets again

Bitcoin’s Wall Street glow fades as it moves like risk assets again

Bitcoin’s deeper integration with American finance initially promised stability and a new role as an inflation and market-stress hedge. But when it started falling alongside other risk assets, demand weakened and good news failed to lift prices. Trading products and market structure appear to have further amplified swings, leaving Bitcoin harder to react to positively.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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