2025 CRYPTOCURRENCY BAN
Zcash soars 3,000%: Why Bitcoin billionaires are betting on the privacy coin
Zcash has surged about 3,000% over the past year, attracting investment from the Winklevoss twins and Barry Silbert. Their mining operations and ETF plans are expanding as renewed interest in crypto privacy brings fresh attention to the token, alongside security and regulatory concerns.
Tech under pressure on AI jitters, dollar slips: Markets wrap
South Korea’s Kospi Index — a bellwether for AI investments — dropped 3.5%, with chip heavyweight SK Hynix Inc. heading for its lowest close since April. MSCI Inc.’s Asia Pacific Index fell 1%, diverging from Monday’s tech-led gains on Wall Street.
Uber layoffs impact India; RMG ban, a year on
Happy Thursday! Uber is cutting jobs in India as part of a sweeping global restructuring. This and more in today’s ETtech Morning Dispatch.
Govt left with a losing hand as offshore RMG sites find a cheat code
Multiple users on social media platforms like X continue to complain that their money is stuck on offshore platforms such as Parimatch, 1Xbet and other sites that are beyond the direct reach of Indian regulators, even as these sites continue to attract users and their funds.
US stocks: Crypto shares climb after Trump advocates for Clarity Act
Cryptocurrency stocks experienced a significant uptick following President Trump's appeal to Congress for digital asset legislation. He emphasized the need for a refined version of the Clarity Act, aiming to delineate digital assets as either securities or commodities for better regulatory oversight. Major cryptocurrencies like Bitcoin and Ether responded positively, and the crypto exchange Coinbase also saw a rise. Many industry experts agree this legislation is vital for regulatory clarity.
EU's new Russia sanctions: What's in the 21st package
The European Union has adopted its twenty-first sanctions package against Russia. This expands restrictions on banks, cryptocurrency networks, and oil trade significantly. The bloc also froze the Russian oil price cap for the next twelve months. New measures target Russia's military-industrial complex and dual-use goods. These actions aim to increase pressure on Russia over the war in Ukraine.
Jane Street's troubles shift from Nifty Bank to crypto. Is a bigger storm brewing?
Jane Street faces a lawsuit for alleged insider trading linked to the TerraUSD and Luna collapse. The firm denies the claims, calling them a bid to extract money. This comes as Jane Street also faced market manipulation charges in India. The crypto collapse led to billions in investor losses, and Terraform Labs co-founder Do Kwon was handed a prison sentence.
Crypto money-laundering hit $82 billion in 2025, researchers say
Money launderers received at least $82 billion in cryptocurrencies last year, up sharply from $10 billion in 2020, driven in part by fast growth among Chinese-speaking groups, blockchain researchers said on Tuesday.
Govt blocks access for 242 betting, gambling sites
India has blocked over 242 illegal betting and gambling websites. This action follows the passage of the Online Gaming Act last year. The government has taken down 7,800 such platforms to date. Enforcement has intensified to protect users, especially the youth. The move aims to curb financial and social harm caused by these illegal online activities.
EU brings forward ban on Russia LNG import under POTUS pressure
The EU is considering an earlier ban on Russian LNG imports, moving the date to January 1, 2027, potentially influenced by pressure from US President Trump. This is part of a broader sanctions package targeting Russia's energy revenue and military supply chains.
BCCI sets bid floor price for Team Lead rights
The Board of Control for Cricket in India has announced the reserve prices for the National Team Lead Sponsor rights. The price is ₹3.5 crore per match for bilateral and Asian Cricket Council games. For ICC events, the price is ₹1.5 crore per match. The sponsorship cycle will run from September 30, 2025, to March 31, 2028.
BCCI looks for new jersey sponsor to take guard at the crease
The BCCI seeks a new lead sponsor for the national cricket team after Dream11's exit due to the government's ban on money-based gaming. With a soft advertising market, the board has invited expressions of interest, setting a high eligibility bar and excluding firms in betting, crypto, and certain other sectors.
Added to a random WhatsApp group? New Safety feature warns you before you join in; here is everything you need to know
WhatsApp has introduced a 'safety overview' feature to combat scams by alerting users when added to unfamiliar groups by unknown contacts. This update provides key group details, enabling users to exit without engaging. In the first half of 2025, over 6.8 million scam-linked accounts were banned, highlighting WhatsApp's commitment to user safety through proactive measures and public awareness.
Crypto sector breaches $4 trillion in market value during pivotal week
The crypto sector's market value hit $4 trillion on Friday, according to CoinGecko, marking a milestone that reflects its shift from a nascent asset class to a central part of the global investment landscape.
Norway plans temporary ban on power-intensive cryptocurrency mining
Norway plans a temporary ban on new crypto mining data centres using power-intensive tech to conserve electricity for other industries. The government cites high energy use, low job creation, and aims to implement the ban by autumn 2025.
Hong Kong eyes crypto derivatives, margin lending in digital asset push
Hong Kong's financial secretary Paul Chan on Wednesday said the city's regulators have issued nine digital asset trading platform licences, and Leung said there are eight more applications being considered. The government is also working to advance the regulation of stable coin, Chan said.
Eric Trump’s tax-free proposal: What It means for global crypto market
Eric Trump proposed a 0% tax rate for US-based cryptocurrency projects to boost blockchain innovation, while foreign crypto companies face higher taxes. Critics warn of potential market imbalances and government revenue loss.
Bitcoin in 2025: Risk or opportunity for the loyal investors?
In 2025, Bitcoin is anticipated to experience significant growth influenced by retail and institutional adoption, regulatory reforms, and strategic reserves. Analysts suggest Bitcoin may reach up to $250,000, with ETFs playing a crucial role. Global government actions, including creating strategic reserves, could also impact the cryptocurrency's valuation, potentially increasing its mainstream acceptance and inducing volatility.
Judge cryptocurrency by technology, and not the other way around
By the end of 2020, global e-commerce was growing at 19 per cent CAGR (2017–23) to reach $6.5 trillion. Digital/mobile wallets were fast becoming preferred modes for e-commerce payments, and were projected to corner 52 per cent market share by 2023.
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