Cryptocurrency

The largest cryptocurrency by market value rose as much as 3.1% to $28,442 on Tuesday, its first session higher in three

Earlier this week, the US Commodity Futures Trading Commission filed a lawsuit against Binance for trading against customers and misusing internal trading channels

FTX founder Sam Bankman-Fried was charged with directing USD 40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business in a newly rewritten indictment unsealed on Tuesday. The charge of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act raises to 13 the number of charges Bankman-Fried faces after he was arrested in the Bahamas in December and brought to the United States soon afterward. FTX filed for bankruptcy on November 11, when it ran out of money after the cryptocurrency equivalent of a bank run. He has remained free on a USD 250 million personal recognisance bond that lets him stay with his parents in Palo Alto, California. He has pleaded not guilty to charges that he cheated investors out of billions of dollars before his business collapsed. The alleged bribes stemmed from the operation of Alameda Research, which is affiliated with FTX, Bankman-Fried's global cryptocurrency exchange.

Binance Holdings is the world's largest cryptocurrency exchange

Cryptocurrency news: Both Bitcoin and Ethereum have been trading below crucial support levels

Doge also began to trend on Twitter. The token gave up some gains to trade 8.6% higher at 11 a.m. in London

According to cybersecurity firm Kaspersky, the financial threat landscape has seen significant changes in 2022

Enforcement Directorate is investigating several cases related to cryptocurrency/ virtual digital currency frauds wherein a few crypto exchanges have also been found involved in money laundering, Parliament was informed on Monday. In a written reply in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said the virtual digital assets have the potential for criminal misuse. "Directorate of Enforcement is investigating several cases related to crypto currency/ virtual digital currency frauds wherein a few crypto exchanges have also been found involved in money laundering," he said. Necessary action as per provisions of Prevention of Money Laundering Act, 2002 (PMLA) has been taken by the Directorate of Enforcement (ED), he added. "As on January 31, 2023, proceeds of crime amounting to Rs 936.89 crore have been attached/seized/freezed, five persons have been arrested and six Prosecution Complaints (PCs), including one supplementary PC have been filed before the Special Cour

South Dakota's House failed on Monday to override Gov. Kristi Noem's recent veto of a bill that would have created government regulations for the use of cryptocurrency in the state. The bill had passed smoothly throughout the legislature, and Noem's veto of last week was upheld on a 37-30 vote. Proponents had argued the bill would have centralized different cryptocurrency systems through one government oversight commission, boosting transparency. But opponents saw the proposed regulations as a tool for potential government surveillance and overreach, saying they wanted more time to see how such legislation fares in other states. Six other states have passed the Uniform Commercial Code's update, which requires tangible records of cryptocurrency exchanges so that they can be considered money. National commercial standards aim to regulate digital currency exchanges by adding transaction records, but Noem said such a step would take away from South Dakotans' market freedoms. It would b

According to Arcane Research, the world's largest crypto exchange has also increased its market share of Bitcoin spot volume to over 90 per cent in recent quarters, because of zero commission

"Engine 1 is back online. Still need more time to do reconciliations, and for other engines to catch up," Zhao said in a subsequent tweet

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

Leading crypto exchange Coinbase has been put on notice by the US Securities and Exchange Commission for allegedly breaking securities laws

Some analysts argue the token is being viewed as a hedge against the woes in the US and European banking sectors and benefiting from expectations of looser monetary policy

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

It comes secured by a password, along with a trusted recovery method if users ever lose their password, the report said

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