On Wednesday, the SEC announced that it had settled civil fraud charges with two former top executives of the FTX empire, Gary Wang and Caroline Ellison, which used billions in FTX customer funds to back its very risky bets.
The bubble is deflating. A few fixes should keep it from becoming a threat again
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day
The price of Bitcoin, the world's largest cryptocurrency, hovered around Rs 14.28 lakh, with a dominance of 39.87 percent
Saying I told you so is not much use, but the market implosion holds some real lessons
The price of Bitcoin, the world's largest cryptocurrency, hovered around Rs 14.40 lakh, with a dominance of 39.98 percent
Bankman-Fried, who has been imprisoned since his arrest last week, has decided not to fight extradition, The Wall Street Journal reported.
More than a trillion in value has been wiped out from the crypto sector this year on rising interest rates and exacerbating worries of an economic downturn.
Lawyers for the FTX founder are in talks about a deal that could allow him to be released on bail when he is extradited to the United States on fraud charges
Bajaj Finance Ltd, the non-banking financial company (NBFC) with a focus on consumer loans, has underperformed the benchmark Sensex and Nifty indices in 2022, the first time it has done so in 14 years. The company has been a darling of investors despite valuations being steep at times
The price of Bitcoin, the world's largest cryptocurrency, hovered around Rs 14.46 lakh, with a dominance of 39.98 percent.
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day
As 2022 draws to a close, one thing is for sure – this is definitely a year that Reserve Bank of India (RBI) Governor Shaktikanta Das and his colleagues in the Monetary Policy Committee (MPC) would like to forget. One reason is of course that this was the first time that the rate-setting MPC failed to contain inflation within the 2-6 percent band for three consecutive quarters, and they had to write a letter explaining why the target was missed. High inflation remains the central bank's biggest enemy right now. But, there is also another factor – watch this interaction to find out!
"At heart, we will always be a crypto company. But the problem that we are trying to solve is investment itself," says CoinSwitch CEO Ashish Singhal
The price of Bitcoin, the world's largest cryptocurrency, hovered around Rs 16.59 lakh, with a dominance of 39.87 percent
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day
Despite having the highest trading volume of any cryptocurrency exchange in the world, Binance is not immune to the structural dangers brought on by FTX's downfall
Insurers were already reluctant to underwrite asset and directors and officers (D&O) protection policies for crypto companies because of scant market regulation and the volatile prices of Bitcoin and other cryptocurrencies.
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day
The price of Bitcoin, the world's largest cryptocurrency, hovered around Rs 14.60 lakh, with a dominance of currently 39.74 percent
The bankruptcy of FTX and the arrest of its founder and former CEO are raising new questions about the role celebrity athletes such as Tom Brady, Steph Curry, Naomi Osaka and others played in lending legitimacy to the largely unregulated landscape of crypto, while also reframing the conversation about just how costly blind loyalty to favorite players or teams can be for the average fan.
Sam Bankman-Fried, currently sitting in a Bahamian jail, has been accused by the US securities regulator of orchestrating a years-long fraud that diverted billions in customer funds from opaque and offshore exchange FTX to a now-bankrupt trading empire.
The price of Bitcoin, the world's largest cryptocurrency, hovered around Rs 14.65 lakh, with a dominance of currently 40.17 per cent, an increase of 0.74 per cent over the day.
U.S. Bankruptcy Judge John Dorsey said he would allow the New York Times, Dow Jones, Bloomberg and the Financial Times to intervene in the case but deferred arguments on requiring FTX to disclose customer names to a hearing on Jan. 11.
A bunch of crypto tax compliance firms have sprouted to help with India’s hairy crypto tax laws. But like the crypto, their survival may also be in question.