Even as investors from Hitech Hyderabad accounted for 5.1% of investments in cryptocurrency after Delhi NCR (20.1%), Bengaluru (9.6%), and Mumbai (6.5%), crypto trading platform CoinSwitch's annual investor report ‘India's Crypto Portfolio 2024: How India Invests' highlighted trend. The city also boasts the highest ratio of women crypto investors at 45% in country and has the third-highest percentage of portfolios in green, with 84% of city-based investors seeing positive returns among top 10 crypto cities. When it comes to Hyderabadi investors, large caps accounted for 42% of portfolios.
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total of $2.2bn (£1.76bn) in cryptocurrencies has been stolen this year, with North Korean hackers accounting for more than half that figure, according to a new study. Research firm Chainalysis says hackers affiliated with the reclusive state stole $1.3bn of digital currencies - more than double last year's haul. Some of the thefts appear to be linked to North Korean hackers posing as remote IT workers to infiltrate crypto and other technology firms, the report says. It comes as the price of bitcoin has more than doubled this year as incoming US president Donald Trump is expected to be more crypto-friendly than his predecessor, Joe Biden.
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OpenSea reportedly registered OpenSea Foundation in the Cayman Islands, a key step for potential token issuance preparation. Cayman Islands’ legal framework offers flexibility for token issuance and decentralized projects like DAOs, attracting OpenSea’s interest.
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