Page 6 - Cryptocurrency

Associates of FTX founder Bankman-Fried plead guilty to criminal charges

Two top associates of Sam Bankman-Fried have pleaded guilty to criminal charges in the collapse of the cryptocurrency exchange FTX in cooperation deals

Some of the world's biggest economies hunting for alternatives to US dollar

Smaller nations, including at least a dozen in Asia, are also experimenting with de-dollarization. Corporates around the world are selling an unprecedented portion of their debt in local currencies

Next financial crisis will come from crypto: RBI Guv Das at BFSI summit

Business Standard BFSI Insight Summit 2022: Das said that these currencies have "no underlying whatsoever" and pose a threat to macroeconomic stability

Delhi, Jaipur recorded highest crypto adoption in 2022: CoinSwitch

CoinSwitch annual report: The highest holdings in the virtual currencies in India were in Bitcoin, and it was followed by Dogecoin and Ethereum

Former FTX CEO Sam Bankman-Fried to fly to US today, escorted by FBI agents

Sam Bankman-Fried signed his surrender documents on Tuesday, he will sign a separate set of papers finalising his waiver of rights to fight extradition

Cryptoverse: Bidding adieu to 2022, the year that broke bitcoin by 60%

Crypto funds have seen net inflows of $498 million in 2022, versus $9.1 billion in 2021

FTX crypto exchange founder agrees to extradition to US, says attorney

FTX filed for bankruptcy protection on Nov. 11 when it ran out of money after the cryptocurrency equivalent of a bank run

ED attaches Rs 907 crore worth assets of crypto exchanges under PMLA

Recovery of Rs 110.97 crore, including interest and penalty, has been made

After Binance, crypto exchange CoinDCX publishes Proof of Reserves

The company said that it intends to post its PoR every quarter and will soon launch a live dashboard to show its reserves and liabilities in real-time for investors

Women above 41 more active in crypto trading than men in India: Report

Women from West Bengal, Haryana and Uttar Pradesh were involved in the most crypto trades on the platform: Crypto exchange WazirX

Only 2% of cryptocurrencies have a 'healthy' liquidity, finds study

As major crypto exchanges like FTX go bankrupt amid high volatility, almost 90% of cryptocurrencies have a low trading volume, with just 2% of crypto coins having a healthy liquidity

Crypto wrap: Macro indicators improve, market stable despite Fed rate hike

On December 15, after the US inflation of 7.1 per cent for November was announced, Bitcoin touched its five-week high of $18,400

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Senate crypto hearing yields big claims, possible regulation in US

Federal prosecutors say Bankman-Fried defrauded FTX customers and investors starting in 2019 and illegally diverted their money to cover expenses, debts and risky trades at the crypto hedge fund

Ex-FTX CEO Sam Bankman-Fried arrested in Bahamas as US files charges

More than 100 FTX-related entities filed for US bankruptcy protections on Nov. 11. The firm and Bankman-Fried are facing investigations in the US and the Bahamas

Govt receives Rs 60.46 crore tax from TDS on virtual digital assets

The government, from April 1, has brought in a 30 per cent income tax plus surcharge and cess on transfer of crypto assets, like Bitcoin, Ethereum, Tether and Dogecoin

Top Headlines: Ex-FTX CEO arrested, CPI inflation eases in Nov, and more

Business Standard brings you the top headlines at this hour

Tech developments have made it challenging to trace corruption: PK Mishra

Technological developments, while giving opportunities to curb corruption, have also made it difficult to trace it, particularly in areas like cryptocurrency, says PM's principal secretary PK Mishra

Former FTX CEO Bankman-Fried says will testify to Congress over its fall

The former CEO of the failed cryptocurrency exchange FTX said in a tweet Friday that he is willing to testify to Congress next week, but that he will be limited in what he can say

Crypto wrap: Market stable even as FTX fallout claims one more victim

The total market cap has improved marginally from $855 billion last Friday to $859 billion on December 9