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Binance's Hegemony Shakes As US Regulatory Threat Looms: Report
Long-running investigation by the US Justice Department might result in Binance and its CEO being charged with crimes and paying hefty fines.
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Coinbase Requests US Judge to End Violation Lawsuit Filed by SEC
Coinbase Global asked a judge to end the US Securities and Exchange Commission's lawsuit accusing the world's largest publicly traded cryptocurrency exchange of violating federal securities laws. Coinbase said the SEC had no authority to pursue its lawsuit.
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Man Who Lost Rs 36 Lakh To Cryptocurrency Fraud Gets It Back After 1 Year
The victim was lured into cryptocurrency trading in February 2022 after he joined a WhatsApp group involving cryptocurrency traders.
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India Says G20 Members See Need For Global Crypto Regulations
Indian Finance Minister Nirmala Sitharaman said on Thursday there was a greater acceptance among Group of 20 member countries that any new regulations on the crypto assets need to be globally coordinated.
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Crypto Exchange Coinbase to Close Most of Japan Operations
Coinbase Global is closing the bulk of its operations in Japan as part of a move to adjust international investment amid a slump in the digital-asset sector. The shift comes as the firm cuts 20 percent of its workforce globally, the latest layoffs at the San Francisco-headquartered firm.
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Sam Bankman-Fried Said to Agree to US Extradition Hours After Informing Judge He Wasn't Ready to Consent
Sam Bankman-Fried, former CEO of the collapsed crypto exchange FTX, is said to have agreed to be extradited to the US where he will face charges of fraud. Earlier on Monday, Bankman-Fried's lawyer told Magistrate Shaka Serville that he was not ready to consent to US extradition to face charges in New York. The magistrate stated that he could not ta...
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FTX Collapse: Sam Bankman-Fried Reportedly Faces Market Manipulation Inquiry by US Prosecutors
FTX Founder Sam Bankman-Fried is reportedly facing a market manipulation inquiry by US prosecutors. The prosecutors are probing whether Bankman-Fried controlled the prices of two interlinked currencies, TerraUSD and LUNA, to benefit the entities he controlled including FTX and Alameda Research.
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FTX Creditors May Number Over 1 Million, Crypto Exchange's Bankruptcy Filings Show
FTX, the now-bankrupt crypto exchange, has outlined a "severe liquidity crisis" in its bankruptcy filings, amid regulatory probes after its collapse last week. The fallout has so far been limited to crypto exchanges and traders, but is featuring in mainstream policy discussions too. The documents also confirmed that FTX had responded to a cyberatt...
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FTX CEO Exploring All Options for Crypto Firm After Binance Deal Collapses
FTX CEO Sam Bankman-Fried on Wednesday told employees that he was looking at all options for the crypto firm after a non-binding deal with rival Binance collapsed, leaving the 30-year-old, who had previously been throwing lifelines to other faltering digital asset platforms, with dwindling options himself. The CEO also said in the staff message tha...
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This Man's $16 Billion Fortune Is Eviscerated In Days
Just weeks ago, Sam Bankman-Fried was considered crypto's version of John Pierpont Morgan, willing to throw around his massive fortune to save the industry.
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Over 7 Percent Indians Owned Digital Currency in Form of Cryptocurrency in 2021: UNCTAD
India is at the seventh spot in the list of countries that owned digital currencies in 2021, according to UNCTAD. The agency also claims that over 7 percent of Indians owned digital currency in the form of cryptocurrency in 2021. Meanwhile, Reserve Bank of India Governor Shaktikanta Das recently said that cryptocurrencies are a clear danger and any...
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Bitcoin Recovery Could Take Months Amid Ongoing Crypto Market Volatility, Experts Say
Bitcoin could take several months to recover from the downward slide in value that the cryptocurrency has seen since May, according to experts. Technical indicators suggest a wide range of potential levels of support for Bitcoin, ranging from $20,000 (roughly Rs. 16 lakh) to $12,000 (roughly Rs. 9,58,900), which hint at another plunge for the world...
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Cryptocurrencies Yet to Pass Test to Become Fiat Currency: CEA V Anantha Nageswaran
India’s Chief Economic Advisor V Anantha Nageswaran has shared his note of caution for cryptocurrencies. The official expressed that cryptocurrencies are yet to pass the test to become fiat currency, while also mentioning that it would be difficult to regulate them.
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Bitcoin Crash Leaves El Salvador With No Easy Exit From Worsening Crisis: Report
El Salvador's big bet on Bitcoin, which the Central American nation has been buying since September, has soured in recent weeks as a cryptocurrency rout shaved over a third of the value of the government's holdings.
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Hong Kong Regulator Canvasses Views on Rules for Crypto Assets, May Adopt Regulatory Framework by 2024
Hong Kong's de facto central bank invited comment about ways to regulate crypto assets and stablecoins, with the aim of adopting a regulatory framework by 2024 in which the policy spectrum could range from no action to a blanket ban.
-
Binance's Hegemony Shakes As US Regulatory Threat Looms: Report
Long-running investigation by the US Justice Department might result in Binance and its CEO being charged with crimes and paying hefty fines.
-
Coinbase Requests US Judge to End Violation Lawsuit Filed by SEC
Coinbase Global asked a judge to end the US Securities and Exchange Commission's lawsuit accusing the world's largest publicly traded cryptocurrency exchange of violating federal securities laws. Coinbase said the SEC had no authority to pursue its lawsuit.
-
Man Who Lost Rs 36 Lakh To Cryptocurrency Fraud Gets It Back After 1 Year
The victim was lured into cryptocurrency trading in February 2022 after he joined a WhatsApp group involving cryptocurrency traders.
-
India Says G20 Members See Need For Global Crypto Regulations
Indian Finance Minister Nirmala Sitharaman said on Thursday there was a greater acceptance among Group of 20 member countries that any new regulations on the crypto assets need to be globally coordinated.
-
Crypto Exchange Coinbase to Close Most of Japan Operations
Coinbase Global is closing the bulk of its operations in Japan as part of a move to adjust international investment amid a slump in the digital-asset sector. The shift comes as the firm cuts 20 percent of its workforce globally, the latest layoffs at the San Francisco-headquartered firm.
-
Sam Bankman-Fried Said to Agree to US Extradition Hours After Informing Judge He Wasn't Ready to Consent
Sam Bankman-Fried, former CEO of the collapsed crypto exchange FTX, is said to have agreed to be extradited to the US where he will face charges of fraud. Earlier on Monday, Bankman-Fried's lawyer told Magistrate Shaka Serville that he was not ready to consent to US extradition to face charges in New York. The magistrate stated that he could not ta...
-
FTX Collapse: Sam Bankman-Fried Reportedly Faces Market Manipulation Inquiry by US Prosecutors
FTX Founder Sam Bankman-Fried is reportedly facing a market manipulation inquiry by US prosecutors. The prosecutors are probing whether Bankman-Fried controlled the prices of two interlinked currencies, TerraUSD and LUNA, to benefit the entities he controlled including FTX and Alameda Research.
-
FTX Creditors May Number Over 1 Million, Crypto Exchange's Bankruptcy Filings Show
FTX, the now-bankrupt crypto exchange, has outlined a "severe liquidity crisis" in its bankruptcy filings, amid regulatory probes after its collapse last week. The fallout has so far been limited to crypto exchanges and traders, but is featuring in mainstream policy discussions too. The documents also confirmed that FTX had responded to a cyberatt...
-
FTX CEO Exploring All Options for Crypto Firm After Binance Deal Collapses
FTX CEO Sam Bankman-Fried on Wednesday told employees that he was looking at all options for the crypto firm after a non-binding deal with rival Binance collapsed, leaving the 30-year-old, who had previously been throwing lifelines to other faltering digital asset platforms, with dwindling options himself. The CEO also said in the staff message tha...
-
This Man's $16 Billion Fortune Is Eviscerated In Days
Just weeks ago, Sam Bankman-Fried was considered crypto's version of John Pierpont Morgan, willing to throw around his massive fortune to save the industry.
-
Over 7 Percent Indians Owned Digital Currency in Form of Cryptocurrency in 2021: UNCTAD
India is at the seventh spot in the list of countries that owned digital currencies in 2021, according to UNCTAD. The agency also claims that over 7 percent of Indians owned digital currency in the form of cryptocurrency in 2021. Meanwhile, Reserve Bank of India Governor Shaktikanta Das recently said that cryptocurrencies are a clear danger and any...
-
Bitcoin Recovery Could Take Months Amid Ongoing Crypto Market Volatility, Experts Say
Bitcoin could take several months to recover from the downward slide in value that the cryptocurrency has seen since May, according to experts. Technical indicators suggest a wide range of potential levels of support for Bitcoin, ranging from $20,000 (roughly Rs. 16 lakh) to $12,000 (roughly Rs. 9,58,900), which hint at another plunge for the world...
-
Cryptocurrencies Yet to Pass Test to Become Fiat Currency: CEA V Anantha Nageswaran
India’s Chief Economic Advisor V Anantha Nageswaran has shared his note of caution for cryptocurrencies. The official expressed that cryptocurrencies are yet to pass the test to become fiat currency, while also mentioning that it would be difficult to regulate them.
-
Bitcoin Crash Leaves El Salvador With No Easy Exit From Worsening Crisis: Report
El Salvador's big bet on Bitcoin, which the Central American nation has been buying since September, has soured in recent weeks as a cryptocurrency rout shaved over a third of the value of the government's holdings.
-
Hong Kong Regulator Canvasses Views on Rules for Crypto Assets, May Adopt Regulatory Framework by 2024
Hong Kong's de facto central bank invited comment about ways to regulate crypto assets and stablecoins, with the aim of adopting a regulatory framework by 2024 in which the policy spectrum could range from no action to a blanket ban.
