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Abound raises $14M to expand U.S. remittance app for Indian expats Abound, a remittance app launched by Times Internet in 2023, has secured $14 million in its first funding round led by the $NEAR Foundation, according to TechCrunch. The startup targets affluent Indian expats in

Law enforcement in India has arrested five suspects who allegedly duped a businessman out of roughly $700,000 via a fake cryptocurrency trading platform. According to local media , the five suspects, including one woman, were taken into custody following an investigation by the cybercrime wing of Odisha’s Crime Branch. The accused reportedly ran a scam using a bogus trading app called ZAIF, where they promised massive returns of up to 200% on digital currency investments. The trading platform was promoted as being based in Japan. It’s worth noting that ZAIF is the name of a legitimate Japanese cryptocurrency exchange, which suffered a $60 million hack in 2022. However, the platform used in this scam is likely unaffiliated and merely borrowed the name to appear credible. The fraud kicked off when the victim, an Indian businessman, was contacted on Facebook by a woman claiming to be a Hong Kong-based IBM software developer. She gained his trust and convinced him to invest in crypto via ZAIF. Over a month, he transferred more than INR 6 crore (approximately $$699,352) across various accounts controlled by the scammers. As is common in such crypto trading scams, the victim was initially shown fake profits on the platform to build trust. However, when the victim attempted to withdraw gains, the platform demanded an additional INR 89 lakh to unlock the funds — a tactic commonly referred to as an advance fee fraud . Once the victim refused, the scammers vanished, cutting off contact. Police tracked down the suspects through digital trails and banking records. Authorities seized phones, SIM cards, ID documents, and other incriminating materials during a raid. With cryptocurrencies still operating in a grey area , India remains a hotspot for scams and fraud targeting unsuspecting users. Earlier this month, police cracked down on a similar scam that promoted a fake token called RSN and promised 2% daily returns . Losses were estimated to be between $1.14 and $2.29 million.

Vibe coding has become a hot topic among start-ups and tech companies as more and more CEOs admit to using it as a way to cut costs and build innovative tools without hiring engineers. What is it and is it a perfect fit for the crypto space? Coined by OpenAI co-founder Andrej Karpathy in February 2025, the term “vibe coding” refers to the method of using AI to generate codes that developers can use to build applications and tools without prior knowledge of coding necessary. In the words of Karpathy in his X post , this approach allows developers to “fully give in to the vibes, embrace exponentials, and forget that the code even exists.” In order to vibe code, all the user has to do is describe what kind of code they need in a few sentences and the AI will do the work, providing the user with the full code line that requires no further adjustments or technical understanding. Therefore, people with no knowledge of coding could use AI to build software and apps that they previously could not due to the coding barrier. With how rapidly this trend is spreading, it is no wonder that some builders in the crypto industry have begun to contemplate its use in the space. In fact, companies like aelf Ventures and Y Combinator have been exploring vibe coding as a way to empower new blockchain projects. Considering how much the crypto and web3 industry values fast-paced development and welcomes new innovations and tools, vibe coding could fill the need for rapid creation and become an entry point for potential crypto industry players with no coding knowledge. Is vibe coding really a perfect fit for the crypto industry? Some traders have highlighted the need for more developers to create tools and innovations on-chain. One X user with the handle @0xNairolf said that the crypto industry needs to worry more about developer onboarding, rather than user onboarding. Others who agree with the user have pointed out that the crypto industry should focus on providing more tools to make it easier for developers to build more innovative apps on-chain. Some users have also underlined how developers are leaving crypto because the space has made it harder for them to build new projects because more complex innovations require niche coding language beyond their capabilities. (not so) hot take: crypto has a bigger developer onboarding problem than user onboarding In this case, vibe coding could solve the developer onboarding problem by lowering the technical entry barrier. Non-technical founders or teams with limited coding expertise can describe their ideas to AI and have it generate the underlying code necessary. This way, more people with unique ideas but no coding experience could join the crypto industry as builders and introduce new innovations through AI-generated coding. With the help of AI, teams could focus on the less technical aspect of establishing projects in the crypto space, like funding, tokenomics, user experience, and blockchain solutions. This method can be especially beneficial for complex crypto projects where aligning technical execution with broader economic or governance models is critical. In the crypto industry, where new protocols and regulatory changes emerge frequently, speed is a crucial element. Therefore, vibe coding could speed up the building process and allow teams to churn out new innovations to keep up with the demand of a rapidly evolving industry. Amid the discourse surrounding developer onboarding in the crypto space, one X user with the handle @metahacker argued that the problem does not lie with the lack of developers or tools in the space. Instead, they believe that the nature of crypto projects itself makes the technical foundation an even more determining factor. “The fact that you’re dealing with money AND smart contracts can’t be updated easily AND rampant exploits,” wrote @metahacker_ in their post. Therefore, the user discourages developers or project teams from relying on “the ‘vibe coding’ kind of tinkering.” As advanced as AI has become nowadays, there are still some flaws that can be found. AI-generated code can be messy and inconsistent. The code produced through vibe coding often lacks the structure and documentation of hand-written code. As projects grow, developers with limited technical knowledge will find it difficult to make updates or deploy system integrations. Another key factor to consider is security . When it comes to projects in the crypto industry, security is critical, even minor bugs or vulnerabilities can be disastrous. Without a deep understanding of the underlying logic, flaws might go unnoticed until they are exploited. For example, an Floridian entrepreneur used Cursor, an AI coding tool to develop a new enterprise-software app. He claimed that he built the app with “zero hand-written code” and that people were already paying for the app. However, two days later he announced that his software was “under attack.” Because he did not understand the technicalities of the app, he had a harder time solving the issues that arose. In the end, he “killed the app” and was forced to rebuild it. Overall, vibe coding does provides some advantages for the crypto industry, mainly in terms of lowering technical barriers and speeding up progress for building projects and tools. However, it also comes with drawbacks that emphasize how engineering capabilities and expert oversight are still key ingredients when it comes to building projects in the crypto industry.

Ripple has joined forces with Chipper Cash to bring crypto-powered cross-border payments into Africa. Ripple has partnered with Chipper Cash, a cross-border payments app, to enable crypto-powered money transfers into Africa , aiming to make “faster, cheaper, more efficient cross-border payments.” In a blog announcement on Thursday, Ripple said that the partnership brings its offerings to Chipper Cash’s five million customers in nine countries across Africa. Reece Merrick, Ripple’s managing director for the Middle East and Africa, commenting on the partnership noted that businesses and consumers in the region are “increasingly recognizing the potential of blockchain technology.” “As the global cross-border payments market grows, more institutions like Chipper Cash are tapping into the transformative power of blockchain technology to drive efficiency and innovation.” Reece Merrick Despite the announcement, Ripple’s XRP ( XRP ) token is trading down 4.15% at $2.36, with its market capitalization staying at $137.5 billion. The partnership follows Ripple’s recent decision to drop its appeal against the U.S. Securities and Exchange Commission. Ripple’s chief legal officer, Stuart Alderoty, said both parties agreed to withdraw their appeals and settled on a reduced fine, lowering the initial $125 million penalty to $50 million. However, as crypto.news reported earlier, the settlement still requires approval from the Commission. Final documentation and court procedures must also be completed before the case, which began in December 2020, is officially closed.

Telegram CEO Pavel Durov declared The Open Network (TON) the “backbone” of Telegram’s growing creator economy. His confidence finds support in over $400 million from prominent venture capital firms—including Sequoia, Benchmark, Ribbit, Draper, and VY; this indicates strong institutional belief in TON’s path. Over the past year, TON has become deeply integrated into Telegram; it serves as a core financial system for content creators and mini app developers. It’s now the exclusive method for creators to withdraw earnings and the preferred way to pay for Telegram Ads in many regions. Telegram’s in-app economy also uses TON for new features like Star Messages and tokenized digital gifts. Assets within the Telegram ecosystem, from usernames to digital gifts, are increasingly traded as TON-based NFTs. TON also is the blockchain for Telegram Mini Apps, which cements its essential role. According to Durov, TON’s ability to scale sets it apart from many blockchains that struggle with high demand. Its sharding capability allows TON to handle transactions for billions of users. Durov stresses this scalability as a key factor that provides real, fundamental value and attracts significant attention from tech and venture capital leaders. Related: TON Price Stalling? Analyst Flags Key Resistance As Durov Uncertainty Lingers On the technical front, crypto analyst CryptoPatel noted bullish signs for Toncoin (TON) after a rebound from the $2.50 support zone, based on analysis shared March 25th. Patel suggests TON’s bullish structure remains intact as long as the price holds above the $2.30 to $2.50 range; breakout targets discussed by analysts range from $20 to $100. Related: TON Ventures to Merge AI and Crypto: Telegram in the Mix As of press time, TON trades around $3.59 with a 24-hour volume near $150 million. The token holds a market cap near $9 billion with a circulating supply of approximately 2.5 billion TON, which supports liquidity across exchanges. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.