Crypto Tycoons

The cryptocurrency entrepreneur Sam Bankman-Fried can post USD 250 million bond and live in his parents' home in California while he awaits trial on charges that he swindled investors and looted customer deposits on his FTX trading platform, a judge said on Thursday. Assistant US Attorney Nicolas Roos said in US District Court in Manhattan that Bankman-Fried, 30, perpetrated a fraud of epic proportions. Roos proposed strict bail terms, including a USD 250 million bond and house arrest at his parents' home in Palo Alto, California. An important reason for allowing bail was that Bankman-Fried agreed to waive extradition, Roos said. Magistrate Judge Gabriel W. Gorenstein agreed to the bond and also approved the house arrest proposal. He also said Bankman-Fried would be required to get an electronic monitoring bracelet before leaving the Manhattan courthouse. Bankman-Fried wore a suit and tie in court and sat between his attorneys. Two US marshals sat behind him. Bankman-Fried, arrest

"To be honest, I don't think India is a very crypto-friendly environment," Zhao was quoted as saying

From blue-chip venture investors to celebrity endorsements, from Silicon Valley to Washington, from lenders to yield farmers and market makers, the three-year-old firm cut a wide swath through online

The scandal has shocked the crypto players who giddily celebrated Bankman-Fried as the J.P. Morgan of their times and left them grasping for parallels

Bankman-Fried vanished from the Bloomberg Billionaires Index after his net worth just vaporised, falling 94% in a single day

On Friday, the crypto market cap was above $871 billion with Bitcoin trading at $17,301 and Ethereum at $1,271

Ishan Wahi, 32, a former product manager at cryptocurrency platform Coinbase, along with his brother Nikhil Wahi, 26, have pleaded not guilty to federal charges of insider trading, the media reported.

CoinSwitch, which is valued at $1.9 billion, says it is the largest crypto company in India with more than 18 million users.

Buterin created Ethereum in 2014 and is the owner of a digital wallet that as recently as November contained holdings worth about $1.5 billion

HONG KONG / LONDON (Reuters) -The meltdown in TerraUSD, one of the world's largest stablecoins, sent shockwaves through cryptocurrency markets on Thursday, pushing another stablecoin Tether below its dollar peg and sending bitcoin to 16-month lows.

The dramatic crash of Terra (Luna), ranked among the top 10 most valuable cryptocurrencies, has wreaked havoc in the lives of investors who are feared they will become homeless after the crypto mayhem.

Billionaire crypto fortunes that swelled over the last two years are disappearing after a selloff that began with tech stocks spilled over into digital money

The crypto industry has urged the government to reduce the TDS on payments towards gains arising from trading in cryptocurrencies to 0.01 or 0.05 per cent, from the proposed 1 per cent

TerraUSD, the world's fourth-largest stablecoin, lost a third of its value on Tuesday, spooking cryptocurrency investors and partly contributing to bitcoin's tumble below $30,000 for the first time

In its Wealth Report released on Tuesday, Knight Frank said 18 per cent global UHNWIs now own cryptocurrencies or tokens, and 11 per cent have invested in NFTs (non-fungible tokens)

The development occurs as the volatile currency witnesses a free fall from $69,000 in November to nearly $36,000 (on Thursday), owing to regulatory scrutiny and geopolitical unrest.

Even as prices swung wildly, investors large and small dived into Bitcoin and Ethereum as well as non-fungible tokens

Dogecoin, launched in 2013 as a bitcoin spinoff, soared over 12,000 per cent to an all-time high in May before slumping almost 80 per cent by mid-December

Indian cryptocurrency entrepreneur and investor says technology 'can bridge cultures from all over the world'.

A large part of the work that Gupta does is focused on educating users and the larger community about investing in cryptocurrencies