Tech Mahindra Q3 Net Profit Surges 14% to Rs. 1,122 Crore on Strong Digital Demand Poonam Singh Mon, 19 Jan 2026 - 16:21

A fresh wave of scam and corruption cases has reignited debate in China over the long-term role of cryptocurrencies in the world’s second-largest economy. High-profile investigations involving fraudulent schemes and misuse of digital assets have sharpened regulatory concerns, even as blockchain technology continues to attract institutional and policy interest. The developments underscore a persistent tension between innovation and control, with authorities weighing financial stability and capital discipline against the economic potential of digital finance. As enforcement actions intensify, China’s evolving stance on cryptocurrencies is once again under public and policy scrutiny.

Scandals Put Digital Assets Back in the Spotlight
Recent fraud and corruption cases linked to cryptocurrencies have drawn widespread attention across China, exposing vulnerabilities in loosely regulated digital asset activities. Investigators have uncovered schemes involving illicit fundraising, embezzlement, and misuse of crypto-linked instruments, raising questions about governance and accountability.

These incidents have reinforced long-standing concerns among regulators that digital assets can be exploited for financial crime, particularly in the absence of transparent oversight. The renewed focus has amplified calls for stricter enforcement and clearer legal boundaries.

Regulatory Caution Meets Technological Reality
China has maintained a firm line against private cryptocurrency trading and mining, citing risks to financial stability and capital controls. However, the latest scandals have added urgency to the regulatory narrative, strengthening the argument for continued restrictions.

At the same time, policymakers remain keen to separate speculative crypto activity from blockchain innovation. State-backed initiatives in distributed ledger technology and the digital yuan highlight Beijing’s selective embrace of digital finance, even as decentralized cryptocurrencies remain tightly constrained.

Public Debate Reflects Broader Economic Concerns
The recent cases have sparked debate among academics, economists, and technology professionals about whether an outright clampdown effectively addresses underlying risks. Some argue that prohibition drives activity underground, complicating enforcement and increasing systemic opacity.
Others contend that strict limits are necessary to prevent financial instability and protect retail investors. This divide reflects broader concerns about balancing innovation, consumer protection, and macroeconomic control in a rapidly digitizing economy.

Implications for Policy and Market Sentiment
For global markets, China’s renewed scrutiny serves as a reminder of how regulatory signals from major economies can shape sentiment around digital assets. While domestic crypto activity remains restricted, China’s actions influence broader discussions on compliance, governance, and risk management worldwide.
Analysts note that future policy adjustments are likely to remain cautious and incremental, prioritizing stability over liberalization.

A Defining Moment for China’s Crypto Narrative
The latest corruption and scam cases mark another critical chapter in China’s complex relationship with cryptocurrencies. As authorities intensify enforcement while advancing state-led digital initiatives, the country continues to draw a clear distinction between speculative digital assets and regulated financial innovation.

How this debate evolves may shape not only China’s digital finance landscape, but also global perceptions of the risks and responsibilities tied to the crypto economy.

After a period of market consolidation and subdued investor sentiment, leading analysts believe select cryptocurrencies are positioned for a meaningful recovery in 2026. Despite Bitcoin trading below the psychologically important $100,000 mark, projections from respected market observers suggest a potential surge toward $200,000 amid improving macro conditions and institutional demand. Ethereum, though still around 30% below its previous peak, continues to dominate decentralized finance and smart contract activity. Meanwhile, Solana is emerging from past setbacks, supported by a major blockchain upgrade and rapid ecosystem growth. Together, these assets highlight where optimism is cautiously returning.

Bitcoin: Long-Term Conviction Amid Short-Term Volatility
Bitcoin remains the anchor of the digital asset market, even as prices hover below Rs.-equivalent levels of recent peaks. Analysts argue that the flagship cryptocurrency’s fundamentals remain intact, driven by limited supply, growing institutional participation, and its evolving role as a hedge against currency debasement.

Forecasts calling for a move toward $200,000 in 2026 are grounded in expectations of easing global monetary conditions and renewed capital inflows. While volatility is likely to persist, long-term holders continue to view Bitcoin as the cornerstone of crypto portfolios.

Ethereum: The Backbone of Decentralized Finance
Ethereum’s price may be roughly 30% below its August all-time high, but its influence across the blockchain economy remains unmatched. The network continues to dominate decentralized finance, non-fungible tokens, and enterprise-grade smart contracts.
Ongoing protocol upgrades aimed at improving scalability and reducing transaction costs have strengthened investor confidence. Analysts note that Ethereum’s ability to generate consistent on-chain activity and developer engagement positions it well for a sustained rebound as broader market sentiment improves.

Solana: Rebuilding Momentum Through Innovation
Once marred by technical disruptions, Solana is regaining credibility following a significant blockchain upgrade designed to enhance stability and throughput. The network’s high-speed architecture and low transaction costs have attracted developers across gaming, decentralized finance, and consumer-facing applications.

Market observers believe that Solana’s rapidly expanding ecosystem could translate into renewed investor interest in 2026. If adoption continues at its current pace, the token may outperform peers during the next market upswing.

Market Outlook: Selectivity Over Speculation
Analysts caution that not all digital assets will benefit equally from a market recovery. Instead, cryptocurrencies with proven utility, active developer communities, and clear economic models are more likely to attract sustained capital.

Bitcoin, Ethereum, and Solana stand out not because of short-term hype, but due to their structural importance within the blockchain economy. As 2026 approaches, investors appear increasingly focused on fundamentals rather than speculation.

A Measured Optimism for the Year Ahead
The outlook for cryptocurrencies in 2026 is marked by cautious optimism rather than exuberance. While risks remain, especially from regulation and macroeconomic uncertainty, select assets show credible signs of resilience and growth.

For market participants, the coming year may reward patience, research, and a disciplined focus on quality—traits that could define the next phase of the crypto market’s evolution.

A growing number of U.S. states are exploring whether digital assets can play a role in public finance, with Texas and New Hampshire emerging as early leaders. Lawmakers and treasurers are examining proposals to allow bitcoin holdings on state balance sheets, framing the move as both a hedge against inflation and a signal of technological leadership. Supporters argue that limited, carefully governed exposure could diversify reserves, while critics warn of volatility and fiscal risk. The debate highlights a broader shift in how public institutions view cryptocurrencies amid evolving financial and political priorities.

States Experiment With Digital Assets
Texas and New Hampshire have taken the lead in evaluating frameworks that would permit state treasuries to hold bitcoin as part of their reserves. The initiatives reflect a willingness to experiment with non-traditional assets at a time when governments are reassessing long-term fiscal resilience.

While proposals differ in scope, the underlying goal is to explore whether digital assets can complement conventional reserve strategies.

Rationale Behind Bitcoin on Balance Sheets
Proponents argue that bitcoin’s fixed supply and global liquidity make it a potential hedge against currency debasement and rising inflation. In states with strong technology and energy sectors, bitcoin adoption is also viewed as a way to reinforce innovation credentials and attract investment.

Supporters emphasise that any allocation would likely be modest, designed to test feasibility rather than overhaul public finance.
Fiscal Risks and Governance Concerns
Skeptics caution that bitcoin’s price volatility poses risks incompatible with public funds, which prioritise capital preservation and predictability. Questions around custody, accounting treatment, and risk management remain central to the debate.

State officials considering such moves are under pressure to establish strict governance standards, transparency requirements, and clear limits on exposure.

Political and Economic Signaling

Beyond financial considerations, the push carries political significance. States advocating bitcoin adoption often position themselves as pro-innovation and fiscally independent, appealing to constituencies supportive of digital assets and decentralised finance.
At the same time, critics warn that symbolic moves could overshadow practical fiscal responsibilities.

Broader Implications for Public Finance
If even a handful of states proceed, the precedent could influence how other public institutions—such as pension funds or municipal treasuries—evaluate digital assets. The trend also raises questions about federal oversight and consistency across jurisdictions.
Market participants are closely watching whether these experiments translate into formal policy.

Conclusion
The race among U.S. states to consider bitcoin on public balance sheets marks a notable shift in public-sector thinking. Led by Texas and New Hampshire, the movement reflects both curiosity and caution. Whether these initiatives evolve into lasting policy or remain pilot experiments will depend on risk controls, market conditions, and public accountability in an increasingly digital financial era.

A sophisticated social-engineering attack has resulted in the theft of $282 million in cryptocurrency from a single victim, marking one of the largest known personal losses in the digital asset ecosystem. Unlike traditional hacks that exploit software vulnerabilities, this incident relied on psychological manipulation to gain control over private credentials. The breach underscores the growing threat posed by human-centric attack vectors at a time when blockchain infrastructure itself has become more secure. The episode has reignited concerns around user education, custodial practices, and the urgent need for stronger safeguards as high-value crypto holdings increasingly attract organized cybercriminals.

A High-Value Theft Without a Code Breach
Investigators say the massive loss did not stem from a failure in blockchain protocols or wallet software. Instead, the attacker leveraged social engineering techniques—deceptive interactions designed to manipulate trust—to convince the victim to unknowingly authorize transactions or surrender access credentials.

This approach allowed the hacker to bypass technical defenses entirely, transferring digital assets worth $282 million within a short time frame.

How Social Engineering Exploits Human Vulnerability
Social-engineering attacks typically rely on impersonation, urgency, or fabricated authority to pressure victims into making irreversible decisions. In the cryptocurrency world, where transactions are final and largely anonymous, such tactics can be devastating.
Experts note that even experienced investors can fall prey when attackers convincingly pose as support personnel, trusted partners, or security officials, especially during moments of perceived risk.

Rising Stakes as Individual Holdings Grow
The scale of this theft reflects a broader shift in the crypto market. As early adopters and institutional participants accumulate significant digital wealth, individual wallets increasingly resemble high-value vaults.
Cybercriminals have responded accordingly, focusing less on mass phishing and more on targeted, intelligence-driven operations aimed at a single, high-net-worth victim.

Industry Implications and Security Gaps
The incident has intensified calls for improved security standards beyond basic wallet protection. Analysts argue that multi-layered authorization, time-delayed withdrawals, and mandatory secondary confirmations could significantly reduce damage from manipulation-based attacks.

There is also renewed emphasis on investor education, as human error remains one of the weakest links in digital asset security.

A Cautionary Signal for the Crypto Ecosystem
The $282 million theft serves as a stark reminder that technological resilience alone is not enough. As cryptocurrencies mature into mainstream financial instruments, safeguarding users against psychological exploitation is becoming just as critical as defending against code-level vulnerabilities.
Without stronger behavioral defenses and systemic checks, even the most secure digital assets remain exposed to the oldest weakness in security: human trust.

Coca-Cola Eyes India as a Top Three Global Market Amid Robust Growth Prospects Binnypriya Singh Mon, 19 Jan 2026 - 10:35

Air India and Singapore Airlines Strengthen Strategic Alliance to Enhance Global Connectivity Eknath Deshpande Mon, 19 Jan 2026 - 10:32

India’s Exports Turn Positive in January, Signaling Trade Resilience Gurjot Singh Mon, 19 Jan 2026 - 10:30

Crypto custody firm BitGo has filed for an initial public offering, reigniting attention on how cryptocurrency-linked companies have performed in public markets. The filing comes after a year in which digital-asset firms delivered uneven results post-listing, reflecting both renewed investor interest and persistent volatility in the sector. While regulatory clarity and institutional adoption improved sentiment in parts of 2025, market performance remained closely tied to crypto price cycles and policy developments. BitGo’s decision highlights cautious optimism within the industry, even as investors assess whether crypto-focused IPOs can deliver sustainable value beyond short-term momentum.

BitGo Steps Into Public Market Arena
BitGo’s move to file for an IPO marks a significant milestone for the crypto infrastructure space. Unlike trading platforms that rely heavily on transaction volumes, BitGo operates in digital asset custody and security, serving institutional clients seeking compliance-grade solutions.

This positioning may appeal to public market investors looking for exposure to crypto growth with relatively lower trading risk.

How Crypto IPOs Performed in 2025
The performance of crypto-related public issues in 2025 has been mixed. Some listings benefited from improving market sentiment and rising institutional participation, while others struggled amid volatile digital asset prices and cautious equity markets.

Companies with diversified revenue streams and strong compliance frameworks generally fared better than those heavily dependent on retail trading activity.

Investor Sentiment and Valuation Challenges
Valuation has emerged as a central challenge for crypto IPOs. Public investors have demanded clearer paths to profitability, stable cash flows, and transparent governance. Aggressive pricing has often been met with post-listing corrections, reinforcing a more disciplined approach to new issues.

BitGo’s focus on custody and infrastructure may help differentiate it from earlier listings driven primarily by trading enthusiasm.

Regulatory Environment Shapes Market Confidence
Regulatory developments in 2025 played a decisive role in shaping investor confidence. Greater oversight brought legitimacy to parts of the crypto ecosystem, but compliance costs and reporting requirements also weighed on margins.

Firms aligned with regulatory expectations were better positioned to attract long-term capital, a trend likely to influence BitGo’s market reception.

What BitGo’s IPO Signals for the Sector
BitGo’s filing suggests a renewed willingness among crypto companies to tap public markets, albeit with greater caution. The move indicates confidence that investor appetite exists for businesses offering essential infrastructure rather than speculative exposure.

If successful, the IPO could encourage similar firms to consider listings once market conditions stabilise further.

Risks and Opportunities Ahead
Despite improving sentiment, risks remain. Crypto markets continue to face price volatility, evolving regulations, and global macroeconomic uncertainty. However, growing institutional adoption and demand for secure custody services present meaningful growth opportunities for infrastructure providers.

Investors will closely scrutinise execution, governance, and revenue visibility.

Conclusion
BitGo’s IPO filing arrives at a moment when the crypto sector is reassessing its relationship with public markets. The mixed performance of crypto IPOs in 2025 has instilled caution, but it has also sharpened investor focus on fundamentals. Whether BitGo can buck the uneven trend will depend on its ability to demonstrate resilience, regulatory alignment, and long-term value in an industry still finding its public-market footing.

Punjab & Sind Bank Delivers Robust Q3 Performance as Profit Climbs 19% Tushar Sharma Mon, 19 Jan 2026 - 10:10

UCO Bank Advances Capital-Raising Plans as SEBI Grants Extension on Dilution Timeline Binnypriya Singh Mon, 19 Jan 2026 - 10:09

Digilogic Systems IPO Opens January 20, Sets Price Band at Rs. 98–104 Sachman Kochar Mon, 19 Jan 2026 - 10:07

Karnataka Draws Rs. 1.53 Lakh Crore in Investments, Strengthening Its Position as an Economic Powerhouse Binnypriya Singh Mon, 19 Jan 2026 - 10:04

Maruti Suzuki Commits Rs. 35,000 Crore to Gujarat Plant, Reinforcing India’s Auto Manufacturing Ambitions Eknath Deshpande Mon, 19 Jan 2026 - 10:01

As preparations for Budget 2026 gather pace, India’s cryptocurrency industry is intensifying calls for clearer regulations and a more balanced tax framework. Market participants argue that current policies, particularly the 1% tax deducted at source (TDS) on crypto transactions, have constrained liquidity and driven trading activity offshore. Industry stakeholders are urging the government to rationalise taxes while maintaining oversight, contending that a predictable policy environment could unlock innovation, boost compliance, and strengthen India’s position in the global digital asset economy. The debate highlights the challenge of aligning revenue objectives with sector growth.

Industry Push for Policy Clarity
India’s crypto ecosystem has matured rapidly, but regulatory ambiguity continues to weigh on growth. Industry leaders are calling for well-defined rules that clearly distinguish between different digital assets, trading activities, and use cases. They argue that clarity would encourage responsible innovation and reduce uncertainty for investors and entrepreneurs.

A transparent framework is also seen as essential for attracting institutional capital and long-term investments.

The 1% TDS Debate
At the centre of the discussion is the 1% TDS levied on crypto transactions. While introduced to improve traceability, the tax has significantly reduced trading volumes on domestic platforms. Exchanges note that frequent deductions erode capital efficiency, particularly for active traders and market makers.

The industry is advocating a lower or alternative mechanism that preserves transaction visibility without impairing market liquidity.

Tax Structure and Global Competitiveness
Beyond TDS, stakeholders are seeking a more nuanced tax regime that aligns with global practices. High effective tax rates, combined with compliance complexity, risk pushing innovation and capital to more accommodating jurisdictions.

A rationalised tax structure, they argue, could expand the tax base over time by encouraging onshore participation rather than suppressing activity.

Government Balancing Act
For policymakers, Budget 2026 presents a delicate balancing act. Authorities must safeguard financial stability and prevent misuse while fostering a nascent but strategically important sector. Recent moves to integrate crypto platforms into existing compliance frameworks suggest a preference for regulation over prohibition.
Any tax adjustments will likely be evaluated against revenue considerations and enforcement effectiveness.

Implications for Investors and Startups
Clearer rules and tax relief could provide much-needed certainty for investors and startups alike. Reduced friction may improve liquidity, enhance price discovery, and support the development of ancillary services such as custody, compliance technology, and blockchain infrastructure.

The broader digital economy stands to benefit from a more supportive policy stance.

Conclusion
The crypto industry’s expectations from Budget 2026 underscore its desire to operate within a stable and predictable regulatory environment. Rationalising the 1% TDS and offering clearer guidelines could mark a turning point, enabling India to balance oversight with innovation. How the government responds will shape the sector’s trajectory and its role in the country’s evolving financial landscape.

As India tightens oversight of digital assets, Know Your Customer (KYC) compliance has become central to how crypto exchanges operate. Platforms are now required to follow stringent identity verification and anti-money laundering norms, reshaping the user onboarding process. From document verification to transaction monitoring, exchanges are deploying layered checks to align with regulatory expectations while preserving user trust. The evolving KYC regime reflects the government’s intent to curb illicit activity without stifling innovation. For investors and businesses, the shift signals a maturing crypto ecosystem that is increasingly integrated with the formal financial system.

Regulatory Push Reshapes Crypto Onboarding
India’s crypto ecosystem has entered a more regulated phase, with KYC norms emerging as a foundational requirement. Exchanges are expected to verify user identities before allowing trading, deposits, or withdrawals. This move aligns digital asset platforms with standards already applicable to banks and financial institutions.

The objective is clear: enhance transparency, deter misuse, and bring crypto activity under formal financial oversight.

How Exchanges Verify User Identity
Crypto exchanges typically begin KYC by collecting government-issued identification, such as Aadhaar, PAN, or passport details. This is followed by address verification and, in many cases, biometric or video-based authentication. Advanced platforms use automated systems to cross-check documents against official databases, reducing the risk of fraud.

The process is designed to balance speed with accuracy, ensuring genuine users are onboarded efficiently.

Ongoing Monitoring and Risk Assessment
KYC does not end at onboarding. Exchanges continuously monitor transactions to identify unusual patterns or high-risk behavior. Large transfers, rapid movement of funds, or links to flagged wallets often trigger enhanced due diligence.

This ongoing surveillance helps platforms comply with anti-money laundering requirements and report suspicious activity to relevant authorities when necessary.

Data Security and User Privacy Concerns
With greater data collection comes heightened responsibility. Exchanges are under pressure to safeguard sensitive personal information through encryption, secure storage, and restricted access. Any lapse could undermine user confidence and invite regulatory scrutiny.
Industry players increasingly view robust data protection as a competitive advantage, not merely a compliance obligation.

Impact on Users and Market Participation
For users, stricter KYC has introduced additional steps before trading, occasionally slowing onboarding. However, many market participants acknowledge that stronger compliance improves platform credibility and reduces systemic risk.

Institutional investors, in particular, prefer regulated environments, suggesting that rigorous KYC could expand the market’s long-term depth.

India’s Broader Crypto Policy Direction
The emphasis on KYC reflects India’s broader approach to digital assets—regulate rather than prohibit. By integrating crypto exchanges into the existing financial compliance framework, authorities aim to maintain oversight while allowing innovation to continue.

This strategy positions India to adapt as global crypto regulations evolve.

Conclusion
Crypto KYC in India has moved from a formality to a central pillar of the digital asset ecosystem. As exchanges strengthen identity checks and transaction monitoring, the market is becoming more transparent and institutionally credible. While compliance adds friction in the short term, it lays the groundwork for sustainable growth, investor confidence, and deeper integration with India’s financial system.

The long-running GainBitcoin cryptocurrency fraud investigation has taken a startling turn with the arrest of a forensic audit firm official accused of siphoning off digital assets seized during the probe. Mumbai Police allege that the accused acted in collusion with certain law enforcement personnel to divert cryptocurrency worth nearly Rs 30 crore. The case, which dates back to 2018, centres on an alleged investment scam that promised unusually high returns through bitcoin-linked schemes. The development has raised serious questions about oversight, custodial safeguards, and integrity within complex financial crime investigations involving digital assets.

Arrest Sparks Fresh Controversy in GainBitcoin Case
Mumbai Police’s Economic Offences Wing has arrested Gaurav Harish Mehta, 31, an official associated with a forensic audit firm appointed to assist Pune Police and Cyber Police in the GainBitcoin fraud investigation. Authorities allege Mehta misappropriated cryptocurrency assets that had been seized as part of the ongoing probe.

Investigators are now pursuing other suspects, including additional audit firm officials and certain police personnel whose names have surfaced during inquiries spanning Mumbai and Pune.

Background of the Cryptocurrency Fraud
The GainBitcoin case was registered in 2018 at the Nigdi and Dattawadi police stations in Pune. The investigation invokes multiple provisions of the Indian Penal Code, the Maharashtra Protection of Interest of Depositors (MPID) Act, and the Information Technology Act.

According to investigators, the alleged scam involved enticing investors with promises of exceptionally high returns through cryptocurrency-based investment plans, a tactic that exploited both market enthusiasm and limited regulatory clarity at the time.

Allegations of Collusion and Asset Diversion
Police claim that the accused siphoned off seized digital assets valued at nearly Rs 30 crore. The alleged diversion underscores the complexities of handling cryptocurrencies during criminal investigations, where custody, access controls, and technical expertise play a critical role.

Officials say the inquiry is now focused on tracing asset movements and determining the extent of internal collusion.

Defense Challenges Arrest
Mehta’s legal counsel, Aftab Qureshi, has denied the allegations, arguing before the court that his client was falsely implicated. The defense contended that Mehta was summoned to assist investigators and was treated as a witness before being arrested without justification, calling him a scapegoat in a wider controversy.

Court Orders Police Custody
The 47th Metropolitan Magistrate Court remanded Mehta to police custody, allowing investigators additional time to question him and pursue leads related to missing digital assets.

Broader Implications for Crypto Crime Investigations
The arrest has highlighted vulnerabilities in the handling of digital evidence and seized cryptocurrencies. As financial crimes increasingly involve virtual assets, the case underscores the need for tighter protocols, independent oversight, and transparent audit mechanisms to preserve public trust in high-stakes economic investigations.

Stock Market Closes on a Positive Note as Infosys Shares Surge Dipali Sun, 18 Jan 2026 - 16:21

India Emerges as World’s Third-Largest Startup Ecosystem, Government Says Tinku Bhatia Sun, 18 Jan 2026 - 16:21

Virat Kohli and Anushka Sharma Invest Rs. 38 Crore in Alibag Real Estate Vinod Pathak Sun, 18 Jan 2026 - 16:21