But what left the Vigilance officials even more surprised was a whopping Rs 1.75 crore worth crypto currencies.
The Delhi High Court on Monday allowed an appeal by Tata Sons Private Ltd to grant an ad-interim injunction against Hakunamatata Tata Founders and others using the former's trademark for doing online trading in cryptocurrency 'TATA Coin.'
In Q2 2022, NFTs have been the topic of more debates than ever, although opinions have changed resulting in a decrease in optimism.
Overall, global cryptocurrency market capitalization fell more than 8 per cent in 24 hours, to around $1.08 trillion. Consequently, crypto lending firm Celsius was forced to pause withdrawals and transfers, citing "extreme market conditions."
Elon Musk-run Tesla comes second with about 43,000 coins. Galaxy Digital Holdings completes the top three with its ownership of 16,400 BTC.
We have always seen crashes as well as corrections in stock markets. Is that possible in crypto markets? The answer probably is no.
According to new research from CryptoAssetRecovery.com, the largest of these lost wallets holds over $60 million worth of Ethereum.
The global cryptocurrency market cap reached the $1.25 trillion mark, down 13 per cent in the last 24 hours. Bitcoin accounts for about a third of the cryptocurrency market.
Ethereum, the second-biggest cryptocurrency in the world, has also fallen in value, down by more than 10 per cent in the last week.
Telegram, which has about 550 million users, previously dropped its plan for its own token after a legal challenge from the AUS Securities and Exchange Commission (SEC).
Evasion of Rs 81.54 crore was detected and Rs 95.86 crore was recovered (including interest and penalty), he said.
No advertisement for crypto/digital asset products or exchanges may show a minor, or someone who appears to be a minor, directly dealing with the product, or talking about the product, said the advertising watchdog.
As Turkey's inflation hit 48.69 per cent in January amid the dramatic fall in the value of its currency, lira, desperate and helpless citizens are now switching to crypto currencies.
The tax proposals will come into effect from April 1 after the passage of the Union Budget in Parliament.
The authority warned that trading cryptocurrencies is "highly risky" and not suitable for the general public, as the prices of crypto are subject to sharp speculative swings.
Internet Is Facing A Great Risk! So How BIG Is The BUG. Millions of devices are at hacking risk as Internet is facing one of the most serious vulnerabilities in recent years.
Rao, who served as the governor of RBI from 2008 to 2013, said CBDC also needs robust data protection laws.
"The cryptocurrency bill may have little impact on FII flows as the FIIs are not expected to deal in these while investing in any markets going by current trends."
The most common method for producing crypto-assets requires enormous amounts of electricity and generates large CO2 emissions.
In India, the upcoming Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 seeks to prohibit all private cryptocurrencies in India.