Page 17 - Cryptocurrency

RBI wants govt to prohibit cryptocurrencies: FM Sitharaman tells Parliament

The RBI mentioned that cryptocurrencies are not a currency because every modern currency needs to be issued by the central bank or the govt, said Nirmala Sitharaman in a written reply

Group representing Indian crypto exchanges to be dismantled: Report

The Internet and Mobile Association of India (IAMAI) is dismantling BACC after disagreement and allegations that crypto exchanges were not following an internal code of conduct

Crypto lender Celsius Network files for bankruptcy after cash crunch

Celsius, which has more than 100,000 creditors, said it took the step to stabilise its business and work out a restructuring for all stake­holders

G-20 meet: FM Sitharaman for info sharing on crypto, immovable assets

Tax evaders explore other avenues to shift their unaccounted wealth through investment in non-financial assets, Sitharaman pointed out

Crypto lender Celsius files for bankruptcy in New York after sharp sell-off

New Jersey-based Celsius froze withdrawals last month, citing 'extreme' market conditions, cutting off access to savings for individual investors and sending tremors through the crypto market

Top headlines: 5G spectrum auction, economic growth projection, and more

From 5G spectrum auction to tax irregularities, here are the top headlines on Thursday morning

India's crypto exchanges flouted KYC, money laundering norms: ED

The latest findings by the federal agency have come to light during its ongoing probe into forex violation by at least 11 crypto exchanges

Global regulators back 'same risk, same regulation' for stablecoins

TerraUSD stablecoin collapsed earlier this year, while crypto lender Voyager Digital filed for bankruptcy this month

Bitcoin is more likely to hit $10,000 than $30,000, finds MLIV Pulse survey

This sector remains a polarizing one: while some 28% of the overall respondents expressed strong confidence that cryptocurrencies are the future of finance, 20% said they're worthless.

CoinSwitch appoints former Myntra VP as head of crypto engineering

Sudheer Tumuluru joins CoinSwitch from Myntra where he was VP-engineering. With two decades of experience, he has built cloud, Big data and infrastructure platforms at tech firms in India and US

Crypto numbers in the last 5 years have a story to tell, and it's not rosy

Cryptocurrencies have been on a rollercoaster ride over the last four years and the future does not look promising

New Jersey-based crypto lender Voyager Digital files for bankruptcy

It had significant investments in Singapore-based hedge fund 3AC, which failed to make payments on a loan of 15,250 Bitcoins and $350 million USDCs -- that makes the loan worth more than $650 million.

Crypto exchange FTX has 'a few billion' to support industry, says CEO

Bankman-Fried, who is from California but lives in the Bahamas where FTX is based, has become crypto's white knight in recent weeks, throwing lifelines to digital asset platforms that have faltered

Top headlines: RBI tries to shore up rupee; DGCA notice to SpiceJet

Union ministers Mukhtar Abbas Naqvi and R C P Singh submitted their resignations to Prime Minister Narendra Modi on Wednesday, a day before the completion of their Rajya Sabha term, sources said.

ED issues notices to CoinSwitch, CoinDCX; seeks info under FEMA case

A few firms, including CoinSwitch and CoinDCX dealing in cryptocurrency have been asked by the Enforcement Directorate (ED) to submit some documents in connection with an ongoing case of the FEMA

We ensure that crypto transactions are in the KYC framework: CoinSwitch CEO

Crypto will pave the way for Web 3.0, a new internet that is open and shared, says CoinSwitch CEO Ashish Singhal

Crypto friendly Singapore mulls tougher restrictions amid meltdown

The Singapore government is planning to introduce additional tough measures to safeguard consumers from crypto meltdown, including restrictions on retail trading

London-based crypto lender Nexo plans to buy fellow lender Vauld

Singapore-based Vauld said on Monday that it had suspended withdrawals for its more than 800,000 customers

Top headlines: EVs brace for trial by fire, ATF duty hits airlines and more

The Indian economy was slightly smaller than the United Kingdom's (UK's), which deprived the former the rank of the fifth-largest economy in the world in 2021. Read more on this in our top headlines

Trading dries up on Indian crypto exchanges as new transaction tax kicks in

Warnings from Indian crypto exchanges that a controversial new transaction tax would erode trading are coming true, with volumes evaporating since the levy took effect.