How could a $32 billion company vaporize overnight? An explainer on why the disintegration of FTX matters — it’s more than simply one man’s financial catastrophe
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, world's largest cryptocurrency, hovered around Rs 14.45 lakh, with a dominance of 38.71 percent, which is an increase of 0.31 percent over the last day, according to Coinmarketcap.
Crypto investments carry a higher risk, especially for an average investor, considering the big gaps in regulation, supervision and grievance redressal mechanism. Investors risk losing their money in such assets
Roberto Dagnoni, a top executive at SoftBank-backed exchange Mercado Bitcoin, said the law had been "kind of dormant" during the election period but now needed to be a priority.
The report comes after Voyager called off FTX's bid to acquire the company following its collapse.
CoinSwitch hired consulting firm INMACS in July 2022 to study the company's processes and procedures and to carry out agreed-upon procedures (AUP) in November 2022.
Could ‘wash’ trading be behind restrained volatility of flagship digital asset?
Hardware wallets are super-secure and are gaining traction among crypto investors after the FTX collapse
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, world's largest cryptocurrency, hovered around Rs 14.30 lakh with a dominance of 38.40 percent, according to Coinmarketcap
Genesis, the latest company to be hit by FTX turmoil, is owned by Digital Currency Group (DCG), which is also the parent company of Grayscale.
The suspension at Genesis "has no impact on the business operations of DCG and our other wholly owned subsidiaries", Digital Currency Group tweeted.
The central bank deserves praise for standing firm on its stance against cryptocurrencies, warning investors time to time of their inherent risks despite silence from the Centre.
Data spanning 95 countries from 2015 to 2022 indicates the vast majority of app downloads occurred when Bitcoin’s price was above $20,000, the working paper from the Basel, Switzerland-based BIS says.
“It’s going to be more than one word. I’m making it up as I go,” FTX's Sam Bankman-Fried said and when asked if he was planning to continue posting cryptic tweets, he said, “Something like that.”
The conversations between law-enforcement officials in the two countries have intensified in recent days as they probe his role in the implosion of cryptocurrency firm FTX.
The total volume in DeFi is currently $3.86 billion, which is 6.17 percent of the total crypto market 24-hour volume
FTX's filing to a U.S. bankruptcy court, published late on Monday in the United States, said it was in contact with financial regulators and had appointed five new independent directors at each of its main companies, including its sibling trading firm Alameda Research.
While the proof-of-reserves concept gains traction among custodial crypto exchanges in the aftermath of FTX’s collapse, investors ought to check if all liabilities are disclosed and accounted for before selecting a crypto exchange.
The empire built by Bankman-Fried collapsed last week after a run on deposits left his crypto exchange, FTX, with an $8 billion shortfall, forcing the firm to file for bankruptcy.
The total crypto market volume over the last 24 hours is $82.88 billion, which makes a 37.17 per cent increase
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day.
The recovery fund will help "reduce further cascading negative effects of FTX," Zhao said in a tweet on Monday, targeting projects that are "otherwise strong, but in a liquidity crisis".
While the Reserve Bank of India (RBI) has refused to recognise cryptocurrencies and repeatedly issued warnings against trading in them, the government fired the tax bullet to wean off demand.