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Cryptocurrencies
Earlier this week, the US Commodity Futures Trading Commission filed a lawsuit against Binance for trading against customers and misusing internal trading channels
Cryptocurrency news: Both Bitcoin and Ethereum have been trading below crucial support levels
US prosecutors have arrested Do Kwon, the cryptocurrency entrepreneur behind the crash of two digital currencies (TerraUSD and Luna) that lost over $40 billion last year, and charged him with fraud
Another major development in the crypto world during the week was the US Securities and Exchange Commission's 'Wells notice' to crypto exchange Coinbase
WazirX received 431 requests from law enforcement agencies, against a total transaction volume of $390 million during the above-mentioned period
The collapse of several banks in the last two weeks has spread fears of contagion in global markets, but crypto markets saw a bull run, with Bitcoin climbing to its nine-month high on Monday
Cryptocurrency news: According to some experts, however, despite the bull run, the investors must remain cautious
As per the Prevention of Money Laundering Act (PMLA), 2002, a reporting entity is required to conduct KYC verification of the customers and maintain their records
SVB crisis: After the SVB was shut down by US regulators on Friday, the crypto market plunged deep into the red, but they had largely recovered by Tuesday
What is the Silicon Valley Bank? What led to its collapse? Will customers get their money back? How will SVB's collapse hurt start-ups? Will SVB collapse hurt Indian banks? Read to find the answers
The fall of cryptocurrency exchange FTX and an overall meltdown in the global crypto market has claimed another victim with established US bank Silvergate Capital
Will the money laundering Act spell death for crypto in India? Why does India not have its own Warren Buffet? Will rising temperatures ignite power stocks? What is sovereign default? All answers here
Cryptocurrency news: On Tuesday, the Centre issued a notification to bring VDAs under the ambit of anti-money laundering law in India
Cryptocurrency news: If found guilty under PMLA, the person who committed money laundering can be awarded rigorous imprisonment for a minimum of three years up to seven years, with a fine
Twitter CEO Elon Musk has said that his interest has been switched from cryptocurrencies to artificial intelligence (AI)
Silvergate has been a go-to bank for the biggest crypto players but has come under fire since the collapse of FTX late last year
Nishad Singh, a 27-year-old Indian-origin former top executive of failed cryptocurrency trading platform FTX has pleaded guilty to the charges of alleged billion-dollar fraud at the now collapsed exchange. Singh was the former co-lead engineer of FTX Trading Ltd. He has pleaded guilty to six conspiracy charges, including conspiracy to commit wire fraud, conspiracy to commit money laundering and conspiracy to violate federal campaign finances laws. Singh is the third top executive and close confidante of FTX founder Sam Bankman-Fried to plead guilty and cooperate with prosecutors. Gary Wang, co-founder of FTX, and Caroline Ellison, the former head of FTX's sister hedge fund Alameda Research, both pleaded guilty last year and are cooperating against Bankman-Fried. In December last year, federal authorities charged Bankman-Fried with orchestrating a scheme to defraud equity investors in FTX. The Securities and Exchange Commission charged Singh on Tuesday. In a parallel action, the
Debt resolution has been one of the few initiatives where there was broad agreement among nations at the Bengaluru G20 FMCBG meeting
The minutes, released on Wednesday, said that the members believe "ongoing" rate hikes will be necessary
The US inflation, according to data released on Wednesday, continued to fall for the seventh straight month in January to 6.4%