Global Markets

US Regulator Charges South African Firm With Record $1.7 Billion Bitcoin Fraud

US Regulator Charges South African Firm With Record $1.7 Billion Bitcoin Fraud

Reuters | Sunday July 03, 2022

The US commodities regulator announced on Thursday it had filed civil charges against a South African man and his company for operating a fraudulent commodity pool worth over $1.7 billion in bitcoin.

Top Stablecoin Tether Cuts Unsecured Assets By About 60% On Crypto Crash

Top Stablecoin Tether Cuts Unsecured Assets By About 60% On Crypto Crash

Reuters | Sunday July 03, 2022

Tether, the world's largest stablecoin, said on Friday it had cut its commercial paper holdings by around 58 per cent as part of an earlier commitment to reduce its exposure to riskier assets.

Crypto Exchange Coinbase Plans To Expand Its Presence In Europe

Crypto Exchange Coinbase Plans To Expand Its Presence In Europe

Reuters | Saturday July 02, 2022

Cryptocurrency exchange Coinbase Global Inc said on Friday it was looking to expand in some European markets, even as the digital asset market continues to experience a downturn.

Bankruptcy Protection News: Crypto Hedge Fund Three Arrows Files For One

Bankruptcy Protection News: Crypto Hedge Fund Three Arrows Files For One

Reuters | Saturday July 02, 2022

Crypto hedge fund Three Arrows Capital (3AC) is seeking protection from creditors in the United States under Chapter 15 of the US Bankruptcy Code

Crypto Lender Voyager Digital Joins Peers, Suspends Withdrawals, Deposits

Crypto Lender Voyager Digital Joins Peers, Suspends Withdrawals, Deposits

Reuters | Saturday July 02, 2022

Crypto lender Voyager Digital said on Friday it has suspended withdrawals, trading and deposits to its platform and said it is exploring strategic alternatives to preserve the value of its platform.

Rupee Weakens Past 79 Per Dollar, Closes At Another Record Low

Rupee Weakens Past 79 Per Dollar, Closes At Another Record Low

Edited by NDTV Business Desk | Friday July 01, 2022

The rupee plunge continued on the first day of July after weakening for three quarters in a row, falling to a new intra-day record low of 79.11 per dollar on Thursday as worries about persistent inflation and the current foreign funds exodus remain.

Carnage For Reliance, ONGC Shares After Hike In Fuel Export Duty And Windfall Tax

Carnage For Reliance, ONGC Shares After Hike In Fuel Export Duty And Windfall Tax

Edited by NDTV Business Desk | Friday July 01, 2022

Reliance Industries and ONGC shares were hammered on Friday after thegovernment imposed export taxes on petrol, diesel and a windfall tax on domestic crude oil to boost internal supplies.

Stocks Slide On Renewed Recession Fears; Worst H1 (First Half-Year) Ever

Stocks Slide On Renewed Recession Fears; Worst H1 (First Half-Year) Ever

Reuters | Thursday June 30, 2022

Stocks sank on Thursday to extend what is the worst first half of the year for global share prices on record

Emerging Markets Outlook Gloomy After Stormy Start To The Year

Emerging Markets Outlook Gloomy After Stormy Start To The Year

Reuters | Thursday June 30, 2022, NEW YORK/LONDON

It's been a torrid first half for emerging market assets and with the Federal Reserve kicking off its tightening cycle amid soaring inflation shock waves might be on the horizon.

Crypto Firm Three Arrows Capital Becomes First Meltdown Casuality: Report

Crypto Firm Three Arrows Capital Becomes First Meltdown Casuality: Report

Reuters | Wednesday June 29, 2022

Crypto hedge fund Three Arrows Capital (3AC) has entered liquidation, a person familiar with the matter told Reuters on Wednesday, in the latest sign of the market downturn hurting the crypto industry.

Rupee Breaches 79 Per Dollar Mark For The First Time Ever

Rupee Breaches 79 Per Dollar Mark For The First Time Ever

Edited by NDTV Business Desk | Wednesday June 29, 2022

The rupee ended Wednesday at a new record low, marking its sixth straight session of all-time weak closes.

Russia Approves Tax Break For Issuers Of Digital Assets

Russia Approves Tax Break For Issuers Of Digital Assets

Reuters | Wednesday June 29, 2022

Russian lawmakers on Tuesday approved a draft law that would potentially exempt issuers of digital assets and cryptocurrencies from value-added tax.

Crypto Crash Threatens North Korea's Stolen Funds And Weapons Programme: Report

Crypto Crash Threatens North Korea's Stolen Funds And Weapons Programme: Report

Reuters | Wednesday June 29, 2022

The nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say, threatening a key source of funding for the sanctions-stricken country and its weapons programmes.

Rupee Ends At Its Weakest; Record Low Close For Five Straight Sessions

Rupee Ends At Its Weakest; Record Low Close For Five Straight Sessions

Edited by Rahul Karunakar | Tuesday June 28, 2022

The rupee plunged to a new all-time low of 78.85 per dollar, marking the fifth straight session of record weak closes.

Rupee Hits New Record Low Of 78.78, But RBI Intervention Limits Slide

Rupee Hits New Record Low Of 78.78, But RBI Intervention Limits Slide

Edited by Rahul Karunakar | Tuesday June 28, 2022

Tuesday saw new lows for the rupee versus the dollar as rising oil prices stoked worries about long-term inflation.