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Cryptocurrency exchange to sponsor India Tour of Sri Lanka Cricket Series

The cryptocurrency & blockchain industry is expanding in Asia at a rapid pace. The game of Cricket has always known to attract various well known brands as title sponsors of tournaments.

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The cryptocurrency & blockchain industry is expanding in Asia at a rapid pace. The game of Cricket has always known to attract various well known brands as title sponsors of tournaments.

The T20 sponsorship by a new age fintech startup shows a progressive phase in the Indian economy. The T20i India Vs Sri Lanka series will be known as the CoinDCX T20i Cup and is scheduled in Sri Lanka on 21 July 2021. It is part of the Indian team’s tour to Sri Lanka and will feature three One Day Internationals (ODIs).Shikhar Dhawan will be leading the Indian National Team and will showcase some of the most promising talent which was s seen during the recent IPL.

The title sponsorship is creating a stir in the world of Indian cricket and is a major push by CoinDCX towards generating awareness and increasing brand recall amongst the younger fans of the sport. CoinDCX a pioneer in the Indian crypto space is one of the most trusted and well known crypto assets exchanges. Crypto currency has been recognized as an asset has by the younger generation and this sponsorship gives CoinDCX an opportunity to tap into potential investors.

CEO & Co-founder of CoinDCX  Mr.Sumit Gupta said,

“Cricket in India is not just a sport; it’s a religion. So naturally, we are very excited to become the Title Sponsor of the T20 Cup. Cricket – particularly the T20 format- offers excellent synergy for our brand as we aim to reach out to more users through this association. Being the country’s largest and safest crypto currency exchange, we aim at accomplishing new heights just as the Indian Cricket Team.”

The Chief Executive Officer of Sri Lanka Cricket Mr. Ashley De Silva said,

“It’s a buoyant time for Sri Lanka cricket as we welcomed the Indian team for an exciting series, which is going to be competitive as well.I take this opportunity to thank CoinDCX for its association with this important series.’’

The India Tour of Sri Lanka series will be broadcasted on television from the 13th of July in Sri Lanka on “Siyatha TV” of Voice of Asia Network ( Pvt) Ltd – The Largest Media Network in Sri Lanka.

Business

Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Business

Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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