Page 24 - Cryptocurrency

Crypto wrap: Fed's rate hike comment, SEC cases drag Bitcoin to 3-month low

Bitcoin fell to its lowest in three months on Wednesday after US Fed's statement hinted that it may increase the rates in the upcoming policy announcements

Hackers impersonate crypto news journalists, steal $3 mn from 1,932 victims

A hacking group called 'Pink Drainer' has been impersonating journalists in phishing attacks in order to compromise Discord and Twitter accounts and steal cryptocurrency

US securities watchdog declares all-out war against crypto, files 130 cases

Two lawsuits filed this week by the US market regulator -- the Securities and Exchange Commission (SEC) -- could potentially determine the future of cryptocurrency

RBI averse to crypto but is all set to float CBDC; FinMin weighs options

The Reserve Bank of India (RBI) has made no bones about it being averse to crypto currency, ever since it emerged on the horizon in the country a few years ago

Crypto wrap: Markets resilient amid SEC action against Binance, Coinbase

Despite the cases against two big crypto exchanges by the US SEC throughout the week, the crypto market cap was largely trading flat on Friday

US SEC charges Coinbase for operating as unregistered securities exchange

The Securities and Exchange Commission is charging Coinbase with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency

Crypto market cracks 5%, Bitcoin at 3-month low after US SEC sues Binance

In its complaint, the SEC alleged that Binance and Zhao had "free reign" over billions of dollars of crypto assets from the US

US SEC sues Binance, founder Zhao alleging securities law violations

The agency on Monday sued Binance and Zhao for failing to restrict U.S. customers from its platform and misleading investors about its market surveillance controls

Can leverage learnings from India on crypto regulations: WEF research

From fragmented monitoring and enforcement to differing classifications of crypto assets, many barriers hinder global coordination on crypto-asset regulation efforts, a global study said

Crypto wrap: US debt ceiling negotiations keeping market on the toes

The negotiations around the US debt ceiling have been slow, but media reports suggest that US President Biden and US House of Representatives Kevin McCarthy appeared to be nearing a deal on Thursday

Hackers stole about $400 mn from crypto projects in Q1 2023: Report

The report also looked into the possible causes of the decrease in crypto attacks

There is need for tech-driven regulations for digital assets: Report

There is a need for a principle-based standard operating procedures and a technology-driven regulatory framework for virtual digital assets, according to a report.

Crypto wrap: High fluctuation in market due to US debt ceiling crisis

Bitcoin options expiry on Friday is crucial for Bitcoin's price, given concerns about regulations and the US debt ceiling, experts said

Even after FTX's collapse, most influential crypto cos follow own rules

The lack of effective corporate governance and due diligence conducted on FTX's books raised eyebrows around the world. But for crypto industry watchers, it's not an unfamiliar tale

South Korea's crypto exchanges Upbit, Bithumb raided in crypto scandal

Prosecutors raided two of South Korea's local crypto exchanges as part of an investigation into snowballing suspicions surrounding opposition lawmaker Kim Nam-kuk's digital assets, officials said

Mudrex expands its footprint outside India, launches its platform in Italy

Mudrex CEO Edul Patel said the main reason they chose the EU was that there was more regulatory clarity there as compared to the other regions

After ChatGPT, Sam Altman looks to disrupt crypto world through Worldcoin

Altman is close to securing $100 million in funding for his crypto project Worldcoin

Bitcoin sinks to lowest since March after falling for a second straight day

The largest digital asset fell as much as 3.2% on Friday to around $26,100, and is staring down its first back-to-back weekly losses since March

Crypto wrap: Market in the red, total m-cap falls to $1.1 trillion

During the week, the prices of crypto tokens dropped sharply after news broke of the US government selling 9.8K BTC worth $277 million

Goldman, Microsoft, Cboe and others team up to launch blockchain network

Participants in the Canton Network, which will start testing some features in July, say the system offers better privacy and controls than currently available