updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131The Thane Police have arrested Sumit Gupta and Neeraj Khandelwal, the co-founders of major Indian cryptocurrency exchange CoinDCX, following allegations of a fraud scheme involving approximately Rs 71.6 lakh ($75,000). The arrests, executed on March 21 or 22 after the founders were summoned for questioning, mark a startling escalation in regulatory enforcement against the country’s first crypto unicorn. While the specifics of the case involve a single complainant, the detention of executives from a platform serving over 15 million users signals a pivot in how Indian authorities are handling financial disputes in the digital asset sector.
The development comes at a precarious time for CoinDCX, which is arguably still stabilizing operations following a debilitating $44.2 million security breach in 2025. CoinDCX has characterized the fraud incident as a case of sophisticated brand impersonation rather than internal malfeasance, a defense that highlights the growing friction between crypto platforms and local law enforcement mechanisms.
The FIR filed against our co-founders is false and filed as a conspiracy against CoinDCX by impersonators posing as Founders of CoinDCX and cheating the public at large. We have taken cognizance of the fact and published a notice to public at large on our website that CoinDCX is…
— CoinDCX : India Ka Crypto Coach (@CoinDCX) March 21, 2026
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According to the First Information Report (FIR) registered on March 16 at the Mumbra police station, the investigation was triggered by a complaint from a 42-year-old insurance advisor. The complainant alleges that between August 2025 and March 2026, he transferred funds totaling Rs 71.6 lakh via cash and bank channels under the promise of high returns on crypto investments and exclusive CoinDCX franchise rights—neither of which materialized. The funds were allegedly routed to third-party accounts unrelated to the exchange’s official corporate structure.
Police have invoked provisions of the Bharatiya Nyaya Sanhita (BNS) covering criminal breach of trust and cheating against six individuals, including Gupta and Khandelwal. The founders were remanded to police custody until March 23 by a holiday court in Thane. The specifics of the remand suggest that authorities are treating the executives as vicariously liable for the loss, a common prosecutorial strategy in India when financial platforms are involved in downstream fraud claims.
these indians have a $2,450,000,000 company, and someone scammed $76,161 using their name
sumit gupta and neeraj khandelwal are cofounders of india’s largest exchange
a complaint was filed on march 16 in thane about a fake site posing as coindcx
that fake site promised 10-12%… pic.twitter.com/ccChgsjVoG
— Maran (@TheMaran) March 22, 2026
CoinDCX has vigorously denied direct involvement, pointing to a surge in phishing scams targeting its user base. The exchange recently reported identifying over 1,212 fake websites mimicking its interface between April 2024 and January 2026. Data presented by the legal team indicates that they have been cooperating with cyber cells to takedown these entities, suggesting the complainant may have fallen victim to one of these external impersonation rings.
The arrest of high-profile founders for what appears to be third-party fraud underscores the extreme regulatory ambiguity currently defining the Indian market. Unlike the United States, where courts often separate platform liability from user error, seen when a California court dismisses a Coinbase user challenge regarding tax summons, Indian enforcement agencies frequently target platform operators first to secure liquidity for victims.
We suspect this aggressive posture is partially a reaction to the sheer volume of crypto-related fraud reports flooding local police stations. Without a dedicated regulatory framework or a specialized digital asset tribunal, local police forces are often left to adjudicate complex technical disputes using blunt instruments like the BNS code. This creates a precarious operating environment where legitimate exchanges bear the reputational and legal risk for scams operated by third parties using their brand equity.
This incident also parallels prior enforcement patterns, such as the GainBitcoin investigation, where the line between operator negligence and external criminality was frequently blurred during initial proceedings. While global platforms like Hyperliquid open policy advocacy centers to shape legislation proactively, Indian exchanges are largely forced to react to enforcement actions after the fact, operating in a defensive crouch that hampers broader institutional adoption.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Daniel Frances is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanics. A crypto native since 2017, Daniel leverages his background in on-chain analytics to author evidence-based reports and deep-dive guides. He holds certifications from The Blockchain Council, and is dedicated to providing “information gain” that cuts through market hype to find real-world blockchain utility.
Key takeaways
On-chain data from CryptoQuant reveals that there has been a $120 million outflow from Larsen-linked wallets. This latest development comes as XRP lost 1% of its value in the last 24 hours.
The sell-off also coincides with the ongoing attempt to fund the GTreasury acquisition. Ripple recently announced a $1 billion fundraising aimed at acquiring the treasury management company GTreasury.
However, the acquisition news hasn’t positively affected XRP’s price as the coin has faced heavy selling pressure in recent weeks. XRP’s loss coincides with a broader decline in risk assets, with Bitcoin and Ether also recording huge losses over the past few weeks.
XRP’s price could soar higher in the near term as XRP addresses holding over 100 tokens were rising in numbers. This is despite XRP losing 35% of its value since hitting the multi-year high of $3.66 in July.
The XRP/USD 4H chart remains bearish and inefficient as the coin has failed to pump following the October 10th crash. Currently, XRP is consolidating inside a descending parallel channel, and could surge towards the $2.80 resistance level in the near term.
The $2.80 resistance level also coincides with the 0.618 Fibonacci retracement line, making it a key area to watch as we approach the end of another month. Breaking above the $2.80 resistance would allow XRP to confirm a bullish reversal pattern and rally towards the $3.05 or even $3.40 levels in the weeks ahead.
The RSI of 52 shows that the bulls are regaining control, with the MACD lines also about to cross into the positive region.
However, failure to sustain a bullish run will see XRP drop lower in the coming weeks. Its performance will depend on the broader risk appetite across crypto and equities. If the bearish trend persists, XRP could drop below the $2.2 support level over the next few hours.
Co-founder of MicroStrategy Inc., Michael Saylor has reportedly earned around $400 million from pre-planned daily sales of the enterprise software company’s shares. This windfall stems from a strategic move initiated back in 2020 when Saylor began accumulating Bitcoin, a decision that has proven immensely lucrative. The significant rise in MicroStrategy’s stock price this year, doubling to approximately $1,280, has substantially contributed to Saylor’s profits, outpacing even the gains seen in the original cryptocurrency during the same period.
Anticipation mounts as investors await MicroStrategy’s first-quarter results, scheduled for release after regular stock trading on Monday. Analysts predict flat revenue of approximately $122 million and a net loss of 61 cents per share. Nonetheless, MicroStrategy’s continued investment in Bitcoin remains a focal point, with the company having spent over $1 billion on the digital asset in the first three months of 2024 alone.
Attention shifts to MicroStrategy’s strategic decisions regarding the accounting treatment of its Bitcoin holdings, particularly as regulatory scrutiny intensifies. Despite past impairment charges stemming from fluctuations in Bitcoin’s value, MicroStrategy remains steadfast in its commitment to the digital asset, with its holdings now valued at approximately $14 billion.
Despite initial concerns that Saylor’s consistent selling may signify the stock reaching its peak, investors appear reassured by his substantial ownership stake in MicroStrategy. However, questions have arisen regarding the premium MicroStrategy commands over Bitcoin, particularly following the introduction of US exchange-traded funds (ETFs) holding the cryptocurrency. This development has prompted speculation about the sustainability of MicroStrategy’s valuation relative to Bitcoin’s performance.
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CoinGape’s Bitcoin Price Analysis underscores the recent rally fueled by the introduction of ETFs, which have exerted a notable impact on Bitcoin’s price dynamics. Unlike previous bull markets, altcoins have experienced relatively modest gains, with Bitcoin emerging as the primary beneficiary of market enthusiasm. The recent halving event, reducing Bitcoin’s supply amidst increasing demand, has positioned the market for another potential bull phase.
As Bitcoin’s price hovers around critical support levels, technical indicators offer mixed signals about its short-term trajectory. While the price remains under the influence of key bull market indicators such as the 20-day and 50-day Exponential Moving Averages (EMAs), support at $62,000 appears to hold steady for now. However, further losses are anticipated, given Bitcoin’s current positioning relative to these indicators.
The Relative Strength Index (RSI), a key momentum indicator, suggests a strengthening bullish sentiment among traders. However, the absence of clear signals indicating an immediate bottom implies continued downward pressure on prices, particularly in the month ahead. With market sentiment teetering between optimism and caution, the coming weeks will provide critical insights into Bitcoin’s resilience and potential for sustained growth.
Also Read: Cardano Whales Dominate As ADA Surpasses Dogecoin & Litecoin Volume
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Bitcoin has had an eventful week, gaining by over 5% to trade above the $26,000 price. Even following the release of the US Consumer Price Index, which showed an inflation rise of 0.6%, the premier cryptocurrency remained resilient with little to no price drops.
As BTC now hovers around the $26,500 price mark, market analysts and crypto enthusiasts continue to speculate on the token’s next movement.
Notably, co-founders of market intelligence platform Glassnode Jan Happel and Yan Allemann have plotted a possible path through which Bitcoin may return to $30,000 in the coming weeks.
Through a post on their shared account on X, known as Negentropic, the Glassnode co-founders stated that Bitcoin is currently targeting a move above $27,000, having reclaimed its support at $26,000 in the past week.
According to the analysts, the Bitcoin Risk Index has now dipped into the 60s, indicating there is an ongoing shift to a positive sentiment around the asset. This means that more investors are beginning to view Bitcoin as a favorable investment.
The US Consumer Price Index (CPI) jump by 0.6% was expected to stir the BTC price, and it has.
Reclaiming support above $26k, BTC’s now eyeing a breakout past $27k, potentially exiting a multi-week range.
Risk Signal’s nosedive into the 60s signifies this attitude shift. Profit… pic.twitter.com/BgrMq5Rb62
— 𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰 (@Negentropic_) September 15, 2023
If these sentiments translate into buying pressure, Bitcoin could embark on an upward trend. However, the Glassnode co-founders predict the token will face significant resistance at $27,400 and $28,200, as traders could opt to take profit at these price levels.
However, the analysts predict BTC will eventually overcome these barriers, pushing through to the $30,000 price mark, which they described as a “psychology barrier.”
The last time Bitcoin traded above $30,000 was back in July. Since then, the world’s largest cryptocurrency has seen its price decline by over 17% due to multiple events, most notably, the massive Bitcoin sell-off by aerospace company Space X.
In other news, data from Into The Block shows that Bitcoin’s transaction fees for this week were valued at $6.3 million, representing a 40% increase on the last week.
While a rise in transaction fees could represent network congestion, which is known to drive network users away, it could also mean there is a high level of adoption.
Furthermore, Into The Block also reported that Bitcoin recorded exchange inflows of $10 million and outflows of $70 million.
The high level of Bitcoin being moved off exchanges indicates rising investors’ interest in the cryptocurrency, which could also translate into a notable price gain.
However, it is worth stating that these are only predictions and should not be counted as investment advice.
At the time of writing, Bitcoin trades at $$26,537 with a 0.33% loss in the last day based on data from CoinMarketCap. The token’s daily trading volume is also down 12.86% and valued at $11.25 billion.
BTC trading at $26,516 on the hourly chart | Source: BTCUSD chart on Tradingview.com
Featured image from Pixabay, chart from Tradingview
Twice bitten, never shy—That was the aura oozing from Cardano’s [ADA] founder as he asked that Dogecoin [DOGE] become its sidechain. Known for his outspoken nature, Charles Hoskinson had initially suggested that if DOGE accepted to be ADA’s sidechain, he would process the integration for free.
He even went further by saying that he would include smart contracts for the meme cryptocurrency.
Here’s AMBCrypto’s Price Prediction for Cardano [ADA] for 2022-2023
After there was hardly any response from Dogecoin’s end, Hoskinson put out another tweet. In his recent one, on 29 October, he ran a poll. In the poll, he asked the Cardano community if the project should pitch Twitter, the sidechain offer, all integrated with the social network.
Should we pitch to Twitter a post-quantum ultrafast, and identity enabled doge sidechain of Cardano custom built for social networks? #QuantumDoge
— Charles Hoskinson (@IOHK_Charles) October 29, 2022
The requests from Hoskinson all came as Elon Musk sealed the Twitter purchase. Musk has never hidden his support for Dogecoin. Hence, it could be the reason the ADA founder included a “Twitter clause” in his offer. With positives emerging from both camps, it was not out of the question if Hoskinson was desperate for a Twitter and DOGE alliance.
On capability, it was not certain if ADA was up to the task. This was because it had only increased 2.84% in the last 24 hours. On the other hand, DOGE rallied over 127% over the previous seven days. According to CoinMarketCap, DOGE had even surpassed ADA per market value. However, the price correlation alone would mean partiality without considering other parts of the ADA chain.
According to Santiment, ADA seemed to have revived developments after it decelerated weeks after the Vasil Upgrade. Furthermore, the recent Hydra solution might have contributed to the same.
At press time, ADA’s development activity had surged to 128. This increase implied that ADA might be shipping new features to accommodate new chains on its network. Despite the improvement, it was not sure that DOGE would accept the proposal. Neither did it prove that ADA could sustain the meme on its chain.
Source: Santiment
On looking at other ADA parts, Santiment showed that the performance was relatively okay. Santiment also showed that its thirty-day Market Value to Realized Value (MVRV) ratio had improved. Following the crypto market recovery, the MVRV ratio rose to 8.743% despite being stuck at -15.57% on 20 October.
This implied that ADA investors had made significant profits recently. In addition, there was a potential even to make more as long the market held on to the greens. Interestingly, more investors added ADA to their portfolios recently. This was due to the 24-hour active addresses increasing to 81,400 on 28 October. Despite the surge, unique addresses involvement had decreased to 65,700.
Source: Santiment
At the time of writing, neither the DOGE team nor Elon Musk had responded to the Hoskinson offer. With the Hoskinson poll in agreement with his suggestion, we wait to see if the parties targeted would consider his proposal.
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