Bengaluru, July 9 (IANS) Four police officers, including a Deputy Superintendent of Police (DySP), have secured relief in the high-profile Bitcoin case after the Karnataka Home Department declined to grant prosecution sanction against them. This prompted the Criminal Investigation Department’s (CID) Special Investigation Team (SIT) to drop charges and file a ‘B’ report before the court, police confirmed on Thursday.The four officers are DySP Sridhar Pujar and Inspectors D.M. Prashanth Babu, Laks…
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Washington, July 6 (IANS) US President Donald Trump on Monday strongly defended his administration’s embrace of cryptocurrency, arguing that the United States must remain the global leader in the sector or risk allowing China to dominate a rapidly expanding industry.Speaking during a White House event launching the “Trump Accounts” investment programme, Trump said his views on cryptocurrency had evolved over time and that digital assets had become a strategic priority for the United States.”I’m …
New Delhi, July 3 (IANS) US President Donald Trump’s recent disclosure about his earnings after taking over the country’s top post clearly reveals that Pakistan has earned his goodwill by backing his crypto enterprise, but is it durable or even beneficial for the country?The figures that are now out in the public domain show that the Trump family earned a whopping $1.4 billion through the crypto route, which far exceeds the income from its main real estate business. World Liberty Financial, …
Washington, July 1 (IANS) US President Donald Trump’s latest annual financial disclosure shows that cryptocurrency has become one of the biggest sources of income for his business empire, with hundreds of millions of dollars generated from token sales, equity transactions and digital asset holdings linked to World Liberty Financial and other crypto ventures.The filing submitted to the US Office of Government Ethics gives details of his holdings in digital assets through DT Marks Defi LLC, former…
Bengaluru, June 9 (IANS) The Special Investigation Team (SIT) led by the Enforcement Directorate (ED) is preparing to issue a third notice to Youth Congress leader Mohammed Nalapad, son of four-time MLA and Bengaluru Development Authority Chairman N.A. Harris, in connection with alleged financial transactions linked to the case. According to revelations by SIT investigations, crores of rupees were allegedly routed through transactions linked to Nalapad in connection with the illegal conversion o…
New Delhi, June 6 (IANS) Bitcoin fell below $60,000 for the first time since October 2024, extending a broad reversal that has seen the largest cryptocurrency lose more than half its value from an October peak above $126,000.The cryptocurrency slid as much as 7 per cent to $59,101, and was trading at $59,743.21 apiece early on Saturday.Bitcoin is suffering from liquidity shifts especially by institutional investors and capital rotation into sectors drawing fresh investor attention such as artifi…
New Delhi, May 18 (IANS) Bitcoin slid to its weakest level in May on Monday over escalating macroeconomic concerns tied to the US‑Iran conflict, causing overall crypto market weakness.The world’s largest cryptocurrency dropped to $76,711 before it recovered some losses to trade at $76,985.11 as of 2.25 pm. Major digital assets such as Ether and Solana also traded lower.Nearly $500 million of long positions were liquidated within about 15 minutes during early Asian trading hours, according to…
Bengaluru, April 21 (IANS) Responding cautiously, Karnataka Home Minister G Parameshwara on Tuesday said that the state government is awaiting official communication from the Enforcement Directorate (ED) following extensive raids on the properties of Congress MLA and Bengaluru Development Authority (BDA) Chairman NA Harris, his children and party leaders in various locations in the state.“Our MLA N.A. Harris’ two children were raided by the ED. We do not know the details. After the investiga…
Bengaluru, April 20 (IANS) In a significant development in the alleged Bitcoin-linked money laundering case, the Enforcement Directorate (ED) on Monday carried out searches that have brought alleged links of Congress leaders into focus. Raids were conducted at the residences of Congress MLA, N.A. Haris and his son, State President Karnataka Pradesh Youth Congress, Mohammed Nalapad in Bengaluru, at the same time the agency expanded its probe into a wider network involving hacker Srikrishna aka Sr…
Mumbai, April 14 (IANS) International crude oil prices on Tuesday pared their gains, falling up to 3 per cent on hopes of renewed US-Iran dialogue to end the conflict, which helped ease concerns over supply risks linked to the US blockade of the Strait of Hormuz.Global benchmark Brent crude futures traded at $96.6 per barrel, down 2.77 per cent, while US West Texas Intermediate (WTI) crude declined more than 3 per cent to $95.69, hitting an intraday low in early trade.In the previous session, oi…