Cryptocurrency

Metaverse In Race To Become 2022's Oxford Word Of The Year

Metaverse In Race To Become 2022's Oxford Word Of The Year

Reported by Aprameya Rao, Edited by Rahul Karunakar | Monday November 28, 2022

'Metaverse' has been shortlisted for the Oxford Word of The Year 2022 and for the first time people can vote for it.

Binance's Changpeng Zao Flags Possible $1 Billion Fund For Distressed Assets: Report

Binance's Changpeng Zao Flags Possible $1 Billion Fund For Distressed Assets: Report

Reuters | Thursday November 24, 2022

Cryptocurrency exchange Binance is aiming for a roughly $1 billion fund for the potential purchase of distressed assets in the digital sector, Bloomberg News reported today.

Global Regulators To Target Crypto Exchanges After FTX Crash

Global Regulators To Target Crypto Exchanges After FTX Crash

Reuters | Thursday November 24, 2022, London

The crash of FTX exchange has injected greater urgency into regulating the crypto sector and targeting such 'conglomerate' platforms will be the focus for 2023, the new chair of global securities watchdog IOSCO said in an interview.

Sam Bankman-Fried's FTX, Senior Staff, Parents Bought Bahamas Property Worth $300 Million

Sam Bankman-Fried's FTX, Senior Staff, Parents Bought Bahamas Property Worth $300 Million

Reuters | Tuesday November 22, 2022, New Providence, Bahamas

Sam Bankman-Fried's FTX, his parents and senior executives of the failed cryptocurrency exchange bought at least 19 properties worth nearly $121 million in the Bahamas over the past two years, official property records show.

US Trails China In The Digital Currency Race. Here's Why

US Trails China In The Digital Currency Race. Here's Why

Reported by Aprameya Rao, Edited by Rahul Karunakar | Tuesday November 22, 2022

China became the first major economy to launch a digital currency in 2021.

Cryptocurrency Lender Genesis Says No Immediate Plans To File For Bankruptcy

Cryptocurrency Lender Genesis Says No Immediate Plans To File For Bankruptcy

Reuters | Tuesday November 22, 2022

Cryptocurrency lender Genesis said on Monday it has no immediate plans to file for bankruptcy, days after the collapse of crypto exchange FTX forced it to suspend customer redemptions.

Bankrupt Crypto Exchange FTX Fires Three Off Its Top Executives: Report

Bankrupt Crypto Exchange FTX Fires Three Off Its Top Executives: Report

Reuters | Saturday November 19, 2022

FTX has fired some top executives, including co-founder Gary Wang, the Wall Street Journal reported on Friday.

What's Next In Crypto Exchange FTX's Bankruptcy

What's Next In Crypto Exchange FTX's Bankruptcy

Reuters | Friday November 18, 2022

Crypto exchange FTX filed for Chapter 11 bankruptcy protection in the United States on Friday following its precipitous collapse, saying it could owe money to more than 1 million creditors. Here is what likely awaits in the case:

How FTX Bought Its Way To Become The "Most Regulated" Crypto Exchange

How FTX Bought Its Way To Become The "Most Regulated" Crypto Exchange

Reuters | Friday November 18, 2022

Before it collapsed this month, FTX stood apart from many rivals in the largely unsupervised crypto industry by boasting it was the "most regulated" exchange on the planet and inviting closer scrutiny from authorities.

Binance To Relaunch Bid To Buy Bankrupt Voyager Digital: Report

Binance To Relaunch Bid To Buy Bankrupt Voyager Digital: Report

Reuters | Thursday November 17, 2022

Crypto exchange Binance's U.S. unit is relaunching its bid to buy bankrupt lending platform Voyager Digital, Coindesk reported on Thursday, citing a person familiar with the matter.

Brazil Crypto Law Back On Agenda As FTX Meltdown Sends Shockwaves

Brazil Crypto Law Back On Agenda As FTX Meltdown Sends Shockwaves

Reuters | Thursday November 17, 2022

Brazilian crypto advocates are urging lawmakers to give final approval on a bill aimed at boosting oversight of the sector, after the collapse of FTX - once an industry darling - raised fresh concern about unregulated digital currencies.

FTX Bankruptcy Filing Was A Mistake, Says CEO Sam Bankman-Fried

FTX Bankruptcy Filing Was A Mistake, Says CEO Sam Bankman-Fried

Reuters | Thursday November 17, 2022

The founder of collapsed crypto exchange FTX, Sam Bankman-Fried, said he regretted his decision to file for bankruptcy and, in an interview published by Vox, criticized regulators.

FTX's Sam Bankman-Fried Begged For A Rescue Even As He Revealed Huge Holes In Firm's Books

FTX's Sam Bankman-Fried Begged For A Rescue Even As He Revealed Huge Holes In Firm's Books

Reuters | Wednesday November 16, 2022

As customers withdrew billions of dollars from crypto exchange FTX one frantic Sunday this month, founder Sam Bankman-Fried worked the phones in a futile bid to raise $7 billion in emergency funds.

Significant Interest In Crypto Industry Recovery Fund, Says Binance Chief Executive

Significant Interest In Crypto Industry Recovery Fund, Says Binance Chief Executive

Reuters | Wednesday November 16, 2022, Abu Dhabi

Binance Chief Executive Changpeng Zhao said on Wednesday there was significant interest from industry players in a recovery fund his company plans to launch to help crypto projects facing a liquidity squeeze.

As FTX Bankruptcy Process Begins, French Central Bank Wants Quick Regulation

As FTX Bankruptcy Process Begins, French Central Bank Wants Quick Regulation

Reuters | Tuesday November 15, 2022

Collapsed crypto exchange FTX outlined a "severe liquidity crisis" in official bankruptcy filings released on Tuesday, as regulators opened probes and called for the faster implementation of rules for the hamstrung industry.