Cryptocurrency

Union Budget 2023: Will Blockchain-Based Digital Currency Come Of Age?

Union Budget 2023: Will Blockchain-Based Digital Currency Come Of Age?

Reported by Aprameya Rao | Saturday January 28, 2023, New Delhi

With the Union Budget around the corner, industry watchers expect some announcement regarding the digital rupee.

Cryptoverse: Bitcoin Springs Back In 2023, Jumps 26% In January

Cryptoverse: Bitcoin Springs Back In 2023, Jumps 26% In January

Reuters | Tuesday January 17, 2023

"After a rough year last year for cryptos, we are seeing a form of mean reversion," said Jake Gordon, analyst at Bespoke Investment Group, referring to the theory of asset prices returning to long-term averages.

Cryptocurrency Exchange Crypto.com To Cut Workforce By 20%

Cryptocurrency Exchange Crypto.com To Cut Workforce By 20%

Reuters | Friday January 13, 2023

The announcement comes after Coinbase Global Inc said on Tuesday it would cut about 950 jobs, or 20% of its workforce, as part of a restructuring plan.

Customers, Banks Should Be Wary Of Risks From Crypto-Assets, Warn US Regulators

Customers, Banks Should Be Wary Of Risks From Crypto-Assets, Warn US Regulators

Asian News International | Wednesday January 04, 2023, Washington

The joint statement by US regulators, the first of its kind, also termed contagion risk within the crypto-asset sector, which may result from interconnections among certain crypto-asset participants as one of the concerns.

FTX Customers File Lawsuit To Lay Claim To Assets

FTX Customers File Lawsuit To Lay Claim To Assets

Reuters | Wednesday December 28, 2022

The lawsuit is the latest legal effort to lay claim to the dwindling assets of FTX, which is already feuding with liquidators in the Bahamas and Antigua as well as the bankruptcy estate of Blockfi, another failed crypto company.

What Nirmala Sitharaman Told Parliament On Blockchain Use By Banks

What Nirmala Sitharaman Told Parliament On Blockchain Use By Banks

Reported by Aprameya Rao, Edited by Rahul Karunakar | Friday December 23, 2022

The government informed the parliament that there are no proposals for a common blockchain-backed platform for banks in India.

Auditors' Work For Crypto Firms Under Scanner, Says US Securities Regulator

Auditors' Work For Crypto Firms Under Scanner, Says US Securities Regulator

Reuters | Thursday December 22, 2022

"We're warning investors to be very wary of some of the claims that are being made by crypto companies," said Paul Munter, SEC's acting chief accountant in an interview with the Wall Street Journal.

2 Sam Bankman-Fried Associates Plead Guilty To Fraud, FTX Founder Heads To US To Face Charges

2 Sam Bankman-Fried Associates Plead Guilty To Fraud, FTX Founder Heads To US To Face Charges

Reuters | Thursday December 22, 2022, New York

The revelation that two of Sam Bankman-Fried's closest former associates had decided to cooperate with the government significantly ramped up pressure on the former billionaire.

Crypto Mining Firm Core Scientific To File For Chapter 11 Bankruptcy: Report

Crypto Mining Firm Core Scientific To File For Chapter 11 Bankruptcy: Report

Reuters | Wednesday December 21, 2022

Core Scientific Inc will file for bankruptcy protection in Texas early on Wednesday morning but will not liquidate, the report published late on Tuesday said, adding that it will continue to operate normally.

Next Financial Crisis Will Come From Private Cryptocurrencies: RBI Governor

Next Financial Crisis Will Come From Private Cryptocurrencies: RBI Governor

Reuters | Wednesday December 21, 2022, Mumbai

Reserve Bank of India governor Shaktikanta Das also added that cryptocurrencies have no underlying value.

Cryptoverse: Bitcoin Took A Beating In 2022

Cryptoverse: Bitcoin Took A Beating In 2022

Reuters | Tuesday December 20, 2022

The pre-eminent cryptocurrency has lost 60% of its value, while the wider crypto market has shrunk by $1.4 trillion, squashed by rising interest rates, vanishing risk appetite and corporate collapses.

Insurers Keep Away From FTX-Linked Crypto Firms As Contagion Risk Rises

Insurers Keep Away From FTX-Linked Crypto Firms As Contagion Risk Rises

Reuters | Monday December 19, 2022

US prosecutors say former FTX Chief Executive Officer Sam Bankman-Fried engaged in a scheme to defraud FTX's customers by misappropriating their deposits to pay for expenses and debts.

After Sharp Rise In Withdrawals, Binance Chief Says Deposits Returning To Exchange

After Sharp Rise In Withdrawals, Binance Chief Says Deposits Returning To Exchange

Reuters | Wednesday December 14, 2022, Singapore

"Things seem to have stabilised," CEO Changpeng Zhao wrote in a tweet. "Yesterday was not the highest withdrawals we processed, not even top 5."

Digital Rupee Pilot Has Blockchain Components, Features Of Physical Cash: Government

Digital Rupee Pilot Has Blockchain Components, Features Of Physical Cash: Government

Reported by Aprameya Rao, Edited by Rahul Karunakar | Tuesday December 13, 2022

Central Bank Digital Currency pilot in the retail segment has components backed by blockchain technology and has several common features with physical cash, Minister of State for Finance Pankaj Chaudhary told the Lok Sabha on Monday.

G20 Finance Track: Central Bank Deputies Discuss Coordinated Approach On Crypto Assets

G20 Finance Track: Central Bank Deputies Discuss Coordinated Approach On Crypto Assets

Asian News International | Tuesday December 13, 2022, Bengaluru

The G20 Finance Track, which is led by the central bank governors and finance ministers of G20 nations, focuses on economic and financial issues.