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Indian Finance Minister Nirmala Sitharaman and IMF's Kristalina Georgieva also discussed regulating crypto assets
U.S. prosecutors charged Sam Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX, with a host of financial crimes and campaign finance violations on Tuesday, alleging he played a central role in the rapid collapse of FTX and hid its problems from the public and investors. The indictment says that, beginning in 2019, Bankman-Fried intentionally devised a scheme and artifice to defraud FTX's customers and investors, diverting their money to pay expenses and debts at his crypto hedge fund, Alameda Research, and to make lavish real estate purchases and large political donations. Bankman-Fried was arrested Monday by Bahamian authorities at the request of the U.S. government, which charged him with eight criminal violations, ranging from wire fraud to money laundering to conspiracy to commit fraud. He was also charged with making illegal campaign contributions, a notable charge as Bankman-Fried was one of the largest political donors this year. The indictment is on to
Company enables crypto investors to manage accounting and compliance to local laws
Volatility in the crypto market comes at a time when the share markets too were showing high volatility, globally
Crypto trading and lending exchanges BlockFi and crypto.com have laid off hundreds of employees after the global crypto market was battered owing to a "dramatic shift" in macro-economic conditions
Here are the top headlines on Friday
Between cashing out of an illiquid asset, complying with government regulations and getting the money to the right places, it isn't easy
Bitcoin is on track for a 15% loss on the week
Authorities accused McAfee and his bodyguard of exploiting McAfee's large Twitter following to artificially inflate prices of 'altcoins' through a so-called pump-and-dump scheme
Sovereign currency issuers will have to think of themselves less as lords and masters and more as service providers in a free market of digital cash
Bitcoin, the world's most popular cryptocurrency, rose to a record $57,553, taking its weekly gain to around 20%
Bitcoin has been on a tear in recent times
Bitcoin hit a new record high and approached $50,000 on Sunday, building on its record rally as Wall Street and Main Street increasingly adopt the world's biggest cryptocurrency.
CoinSwitch Kuber, a cryptocurrency investment platform, on Wednesday said it has raised 15 million in funding, led by Ribbit Capital and San-Francisco based crypto focused investment firm Paradigm
Cryptocurrencies plunged on Monday, with bitcoin dropping more than 12% to a one-week low as rising US yields lifted the dollar broadly and hurt non-income paying assets
The price of Bitcoin topped $29,000 on Thursday for the first time, with the digital currency almost quadrupling in value this year amid heightened interest from investors big and small alike
The value of XRP crashed over 40% after the US SEC charged associated blockchain firm Ripple with conducting a $1.3 billion unregistered securities offering
Loans on such platforms have risen more than seven-fold since March to $3.7 billion, according to industry site DeFi Pulse
Lawmakers have also raised concerns over Facebook's spotty record on privacy and data protection
Bitcoin's price has tumbled to near $4,000, down 30 per cent in a month, 50 per cent in six months and almost 80 per cent since December