Cryptocurrency
Cryptocurrency News
International Monetary Fund flags debt restructuring hurdles, says banning crypto should be an option
India's G20 presidency comes as it's South Asian neighbours Sri Lanka, Bangladesh and Pakistan are seeking urgent IMF funds due to an economic slowdown caused by the COVID-19 pandemic and the Russia-Ukraine war
Tesla’s losing crypto gamble: EV maker lost $204 million last year, from its bitcoin holdings
Tesla lost about $204 million on its Bitcoin assets in 2022, but made over $64 million while trading bitcoin. All in all, Tesla had a net loss of $140 million from having Bitcoin as an asset.
Twitter to allow payments using crypto, Musk initiates new payment system to simplify transactions
Just like with Tesla, Elon Musk now plans to allow Twitter users to pay using cryptocurrencies like Bitcoin and Dogecoin on the platform. This is in line with the theory that says Musk wants to turn Twitter into a super app called X.com or Platform X.
Budget 2023-24 Expectation: Why accepting, adopting crypto will encourage India’s financial inclusion
The government must take concrete actions to propel India toward the next stage of the Web3 economy
FTX founder Sam Bankman-Fried pleads not guilty to charges of cheating and misleading investors
FTX’s Sam Bankman-Fried has denied all charges against him and will start facing a trial on October 2. SBF is out on bail on the condition that he doesn’t have access to crypto or assets of FTX or Alameda Research or any assets purchased with funds from the companies.
FTX founder Sam Bankman-Fried back in the US, released on a $250M bond and placed under house arrest
Sam Bankman-Fried who is accused of “perpetrating a fraud of epic proportions” has been released to his parents, against a bond of $250 million bond, and will be put under house arrest while he awaits his trial. If convicted, SBF may end up spending the rest of his life in jail.
Seoul: North Korean hackers stole $1.2 bn in cryptocurrency, other virtual assets in past five years
Experts and officials say North Korea has turned to crypto hacking and other illicit cyber activities as a source of badly needed foreign currency to support its fragile economy and fund its nuclear program following harsh UN sanctions and the COVID-19 pandemic
Sam Bankman-Fried consents to extradition, taken to the US by law enforcement
FTX’s founder Sam Bankman-Fried is being extradited to the US. While his lawyers are trying to arrange bail, things aren’t looking good. If convicted, SBF could spend the rest of his life in prison
Associates of FTX co-founder Sam Bankman-Fried plead guilty to criminal charges
Two of Sam Bankman-Fried’s closest associates have pleaded guilty to a number of criminal charges, in a plea bargain which would make them testify against FTX co-founder. The 30-year-old could spend the rest of his life in jail if convicted.
Germany wants countries to regulate the crypto industry after the FTX and Bankman-Fried debacle
Germany’s plan to regulate crypto comes after Sam Bankman-Fried, the founder of FTX was arrested for misappropriating billions of dollars and violating campaign laws committing one of America's biggest financial frauds.
G20 under India's presidency can make concrete progress in debt relief, crypto, climate finance: Gita Gopinath
India has assumed the G20 President from 1 December this year from Indonesia. For the first time, the country in 2023, the country will convene G20 Leaders' Summit
The Big FTX Fall: How Sam Bankman-Fried went from ‘King of Crypto’ to criminal
He was dubbed as the next Warren Buffet. Sam Bankman-Fried could do no wrong. He founded FTX, one of the world’s largest crypto exchanges, he donated to Democrats, he shared the stage with world leaders. And then he misused customer funds
Explained: How the collapse of FTX is giving Binance a chance to become the new face of crypto
Binance began taking steps in the past year to scrub its reputation as a shadowy giant with no headquarters that doesn’t always follow the rules. Now that FTX has failed, Binance has an opportunity to publicly establish its credibility with investors and regulators
After FTX collapse, Sam Bankman-Fried arrested: What went wrong with the crypto giant?
FTX was founded in 2019 by ex-Wall Street trader Sam Bankman-Fried and former Google employee Gary Want. Witnessing incredible growth from its inception, FTX was valued at $32 billion in January. Now, Bankman-Fried has been arrested in The Bahamas just a month after the company filed for bankruptcy
Delhi: Hackers demand Rs 200 crore in cryptocurrency from AIIMS as server remains down for sixth day
Sources told PTI that internet services are blocked on computers at the hospital on the recommendations of the investigating agencies. The AIIMS server has stored data of several VIPs, including former prime ministers, ministers, bureaucrats and judges
Why is a giant sculpture of Elon Musk on a goat being paraded in Texas?
The owners of a cryptocurrency firm called Elon Goat Token have spent a whopping $600,000 on a sculpture of Elon Musk that shows his head attached to the body of a goat, wearing a Dogecoin necklace and riding a rocket. It is intended to convey that the billionaire is the Greatest Of All Time (GOAT)
Why imparting financial literacy to kids to develop money personality in them is important
With easy access to products and services, kids are not only prone to spending more but are also vulnerable to online frauds
Explained: What's next for crypto after the epic collapse of Sam Bankman-Fried's FTX Exchange
FTX confirmed unauthorised access to its accounts on Saturday, just hours after filing for Chapter 11 bankruptcy protection. The unravelling of the once-giant exchange is sending shockwaves through the industry
'Unauthorized access': Funds vanish at bankrupt cryptocurrency trading firm FTX; probe underway
Until recently, FTX was one of the world's largest cryptocurrency exchanges. It was already short billions of dollars when it sought bankruptcy protection Friday and its former CEO and founder, Sam Bankman-Fried, resigned
RBI to launch India’s first digital rupee project: What is a CBDC and how will it work?
The Reserve Bank of India will roll out the digital rupee for the wholesale segment today as part of its pilot project. The digital rupee (CBDC) will give a big boost to the economy and positively change the banking scenario of the country