Cryptocurrency
Cryptocurrency News
EU watchdog calls for curbing leverage in crypto trading
The European Systemic Risk Board issued many proposals, ranging from requiring frequent reporting from all companies working with crypto assets to instituting particular guidelines for the largest enterprises in that field
End Of Crypto-Winter? Bitcoin to rally up, touch $100,000 by 2024, says Standard Chartered
Bitcoin will only rally upwards this year and may even touch a value of $100,000 in 2024, says a research paper by the UK's banking giant, Standard Chartered, which says that the recent banking crisis has reignited the faith people had in Bitcoin.
European Parliament passes first set of thorough regulations for cryptocurrency
The law governing cryptoassets, including digital currencies like bitcoin and ethereum and other tradable tokens whose value is protected by blockchain technology, including NFTs, has already received support from EU member states
Bankrupt cryptocurrency exchange FTX has recovered $7.3 billion in cash, liquid crypto assets
FTX's new CEO John Ray has detailed improper fund transfers and poor accounting at the collapsed crypto exchange, describing it as a 'complete failure' of controls
Canada cryptocurrency firms join forces to create major, fully regulated platform
When combined, the WonderFi, Coinsquare and CoinSmart companies will have over Can$600 million (410 million euros) in assets on deposit, according to a joint press release
Why did FTX founder Sam Bankman-Fried bribe Chinese officials?
FTX founder Sam Bankman-Fried has been charged with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business in a newly rewritten indictment
Silicon Valley Bank caretaker urges fleeing depositors to come back
SVB's failure on Friday, the largest US bank failure since 2008, was preceded on Wednesday by the liquidation of Silvergate Bank, a small regional institution favoured by the cryptocurrency community
International Monetary Fund flags debt restructuring hurdles, says banning crypto should be an option
India's G20 presidency comes as it's South Asian neighbours Sri Lanka, Bangladesh and Pakistan are seeking urgent IMF funds due to an economic slowdown caused by the COVID-19 pandemic and the Russia-Ukraine war
Tesla’s losing crypto gamble: EV maker lost $204 million last year, from its bitcoin holdings
Tesla lost about $204 million on its Bitcoin assets in 2022, but made over $64 million while trading bitcoin. All in all, Tesla had a net loss of $140 million from having Bitcoin as an asset.
Twitter to allow payments using crypto, Musk initiates new payment system to simplify transactions
Just like with Tesla, Elon Musk now plans to allow Twitter users to pay using cryptocurrencies like Bitcoin and Dogecoin on the platform. This is in line with the theory that says Musk wants to turn Twitter into a super app called X.com or Platform X.
Budget 2023-24 Expectation: Why accepting, adopting crypto will encourage India’s financial inclusion
The government must take concrete actions to propel India toward the next stage of the Web3 economy
FTX founder Sam Bankman-Fried pleads not guilty to charges of cheating and misleading investors
FTX’s Sam Bankman-Fried has denied all charges against him and will start facing a trial on October 2. SBF is out on bail on the condition that he doesn’t have access to crypto or assets of FTX or Alameda Research or any assets purchased with funds from the companies.
FTX founder Sam Bankman-Fried back in the US, released on a $250M bond and placed under house arrest
Sam Bankman-Fried who is accused of “perpetrating a fraud of epic proportions” has been released to his parents, against a bond of $250 million bond, and will be put under house arrest while he awaits his trial. If convicted, SBF may end up spending the rest of his life in jail.
Seoul: North Korean hackers stole $1.2 bn in cryptocurrency, other virtual assets in past five years
Experts and officials say North Korea has turned to crypto hacking and other illicit cyber activities as a source of badly needed foreign currency to support its fragile economy and fund its nuclear program following harsh UN sanctions and the COVID-19 pandemic
Sam Bankman-Fried consents to extradition, taken to the US by law enforcement
FTX’s founder Sam Bankman-Fried is being extradited to the US. While his lawyers are trying to arrange bail, things aren’t looking good. If convicted, SBF could spend the rest of his life in prison
Associates of FTX co-founder Sam Bankman-Fried plead guilty to criminal charges
Two of Sam Bankman-Fried’s closest associates have pleaded guilty to a number of criminal charges, in a plea bargain which would make them testify against FTX co-founder. The 30-year-old could spend the rest of his life in jail if convicted.
Germany wants countries to regulate the crypto industry after the FTX and Bankman-Fried debacle
Germany’s plan to regulate crypto comes after Sam Bankman-Fried, the founder of FTX was arrested for misappropriating billions of dollars and violating campaign laws committing one of America's biggest financial frauds.
G20 under India's presidency can make concrete progress in debt relief, crypto, climate finance: Gita Gopinath
India has assumed the G20 President from 1 December this year from Indonesia. For the first time, the country in 2023, the country will convene G20 Leaders' Summit
The Big FTX Fall: How Sam Bankman-Fried went from ‘King of Crypto’ to criminal
He was dubbed as the next Warren Buffet. Sam Bankman-Fried could do no wrong. He founded FTX, one of the world’s largest crypto exchanges, he donated to Democrats, he shared the stage with world leaders. And then he misused customer funds
Explained: How the collapse of FTX is giving Binance a chance to become the new face of crypto
Binance began taking steps in the past year to scrub its reputation as a shadowy giant with no headquarters that doesn’t always follow the rules. Now that FTX has failed, Binance has an opportunity to publicly establish its credibility with investors and regulators