Experts attributed it to the bull run in the market, curiosity around the crypto technology and access to smartphones and better internet facilities in India
Investors continue to pull funds from digital-asset exchanges despite the latter's efforts to reassure markets about their stability.
What will thrive even after this year's meltdown, however, is cryptographic money.
The investors of now-collapsed FTX have little hope left from the ongoing liquidation process as the exchange's entire valuation has now been wiped out. So who are the biggest losers?
Greenberg deftly assembles a rogues' gallery of characters who fell prey to this false sense of invulnerability: drug marketers, thick-necked federal agents, globe-trotting libertarians
FTX is a company that was valued at $32 billion just a couple of months ago
"To be honest, I don't think India is a very crypto-friendly environment," Zhao was quoted as saying
The cryptocurrency market cap remained below $850 billion in the last seven days, and on Friday, the market cap was $835 billion
Home Minister Amit Shah highlighted the use of 'darknet' by terrorists and said there is a need to find solutions to the darknet patterns
Ray was named CEO of FTX less than a week ago when the company filed for bankruptcy protection and its CEO and founder Sam Bankman-Fried resigned
Out of all the investors, at least two major shareholders, Sequoia and Paradigm, have decided to mark their investments down to zero
However, Biden said the weapon was probably not fired by Russia, although the investigation was ongoing
The collapse began earlier this month when Binance CEO Changpeng Zhao announced his exchange was liquidating all FTX tokens
Yet his appearance comes after FTX, the third-largest crypto currency exchange, formerly led by Sam Bankman-Fried, filed for bankruptcy Friday.
Does the FTX collapse marks the beginning of crypto's end? How are visa delays hurting both India and the US? Is investors' love for digital India over? What is greenwashing? All answers here
FTX, the world's second biggest crypto exchange, has gone bankrupt. Bitcoin fell another 12% in the last five days, after shedding over 70% this past year. So is it the beginning of the end of crypto?
Beleaguered Japanese investment firm SoftBank invested the money as part of its Vision Fund 2 in FTX
Here are the best of Business Standard's opinion pieces for today
FTX underlines the risk of unregulated markets
Binance CEO's announcement triggers rise in Bitcoin, Ether