Binance, the world’s largest cryptocurrency exchange, said the CFTC’s case should be dismissed because it sought to regulate foreign individuals and corporations that reside and operate outside the United States.
A proposed settlement was filed on Wednesday in a New York state court in Manhattan, and requires a judge's approval. It calls for CoinEx to be banned from offering, selling or buying securities and commodities in New York, or making its platform available in the state.
On December 22, the SEC submitted a motion to seal the summary judgment document, requesting that several pieces of information and documents, including the Hinman Speech materials, be sealed.
Bankman-Fried, who has been imprisoned since his arrest last week, has decided not to fight extradition, The Wall Street Journal reported.
Around 40 percent of the queries received from Law Enforcement Agencies (LEAs) were related to Ponzi schemes and social engineering scams.
Following the fall of the erstwhile second-largest global crypto exchange FTX, its token FTT and the subsequent bankruptcy, debates have picked up around the need for exchanges to be more transparent.
The new feature is a digital fund loan reward to help users understand Coinstore’s perpetual futures trading.
The central agency took action against the WazirX Director for assisting the accused instant loan app companies in the laundering of fraud money via the purchase and transfer of virtual crypto assets
The news comes when the industry has been battered in a so-called "crypto winter" as investors dump risky digital assets amid geopolitical turmoil, rising rates, and worries of an impending recession.
KuCoin to partner with SIG to launch blockchain start-up incubator
Cryptocurrency exchange Coinbase Global Inc said on Tuesday it would slash 18% of its workforce, or about 1,100 jobs, as part of efforts to rein in costs amid volatile market conditions.
In rupee terms, Bitcoin declined 0.61 percent to trade at Rs 30,93,933 while Ethereum fell 0.03 percent to Rs 2,09,100.
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum, and Tether to help you jump-start the day
Cardano was up 7.36 percent to Rs 72.35 and Avalanche rose 6.47 percent to Rs 6,394.33. Polkadot rose 10.75 percent to Rs 1,413.76 and Litecoin was up 5.71 percent to Rs 8,685.06 in the last 24 hours. Tether was down 0.19 percent at Rs 78.64
Global cryptocurrency exchange Binance, which acquired WazirX in 2019, may look at setting up a management team to oversee its operations, say sources.
Cardano fell 3.06 percent to Rs 90.54 and Avalanche tumbled 0.84 percent to Rs 7,100. Polkadot tumbled 5.25 percent to Rs 1,622.21 and Litecoin was down 4.3 percent to Rs 10,365 in the last 24 hours. Tether was up 0.79 percent to Rs 79.22.
In his third book, 'The Art of Bitfulness', Nilekani aims to help readers use their devices better and proposes a collective solution to wrest control back from Big Tech and social media apps.
Coinstore has launched its web and app platform and plans branches in Bangalore, New Delhi and Mumbai which will act as its base in India for future expansion.
Various reports suggest that India ranks second out of 154 countries when it comes to cryptocurrency adoption and even the country's crypto curiosity metric of maximum internet searches at 36 lakh is second only to the US' 69 lakh over the last 12 months.
The Treasury Department accuses Suex OTC, S.R.O. of facilitating transactions involving illicit proceeds for at least eight ransomware variants, marking its first such move against a virtual currency exchange over ransomware activity.
Per an ED official, “Since cash has crossed borders, the regulation of the land applies and one must make certain that this cash isn’t low-cost cash (low-interest loan) or soiled cash (employed for unlawful actions)”
CoinSwitch was founded in 2017 as a global aggregator of cryptocurrencies and in June 2020 it launched its Indian cryptocurrency exchange CoinSwitch Kuber.
Currently, Indians hold cryptocurrencies to the value of Rs 10,000 crore. As such, imposing a blanket ban on the asset class has been contested by a majority of industry experts.
We are seeing investors go beyond FAANG companies, it was popular initially when we launched and when investors just wanted to get some global exposure, says Bharathwaj.
Bitcoin has already become an asset class in India. There are more than 1 cr people holding the crypto in India. We have seen $1 bn of turnover, and we have seen a global surge in Bitcoin investments primarily because it is seen as a hedge, says Lathia.