Page 32 - Cryptocurrency
Crypto exchange FTX says investigating 'unauthorised transactions'
FTX filed for U.S. bankruptcy protection on Friday and founder Sam Bankman-Fried resigned as chief executive
 "Crypto exchange FTX says investigating 'unauthorised transactions'")
White House monitoring FTX collapse, calls for crypto industry regulation
The collapse this week of FTX dealt another blow to the cryptocurrency industry, which has seen severe volatility and bankruptcies of other high-profile firms, including Celsius Network Ltd
 "White House monitoring FTX collapse, calls for crypto industry regulation")
Crypto's most urgent question: Where will FTX's aftershock be felt?
From blue-chip venture investors to celebrity endorsements, from Silicon Valley to Washington, from lenders to yield farmers and market makers, the three-year-old firm cut a wide swath through online
How Sam Bankman-Fried fooled the crypto world and maybe even himself
The scandal has shocked the crypto players who giddily celebrated Bankman-Fried as the J.P. Morgan of their times and left them grasping for parallels
 "How Sam Bankman-Fried fooled the crypto world and maybe even himself")
Sam Bankman-Fried: 'Crypto genius' who lost $14.5 billion in a single day
Bankman-Fried vanished from the Bloomberg Billionaires Index after his net worth just vaporised, falling 94% in a single day
 "Sam Bankman-Fried: 'Crypto genius' who lost $14.5 billion in a single day")
FTX to start US bankruptcy proceedings, CEO Sam Bankman-Fried to exit
Firm says it will begin process to review and monetise assets for stakeholders
 "FTX to start US bankruptcy proceedings, CEO Sam Bankman-Fried to exit")
Binance backs out of rescue deal, FTX.com on brink of collapse
On a call before Binance pulled an about-face and bailed on its takeover offer, Bankman-Fried informed investors his crypto exchange faced a shortfall of up to $8 billion
 "Binance backs out of rescue deal, FTX.com on brink of collapse")
US authorities probe crypto exchange FTX for potential violations: Report
FTX had agreed earlier this week to sell itself to bigger rival Binance after experiencing the cryptocurrency equivalent of a bank run.
 "US authorities probe crypto exchange FTX for potential violations: Report")
Crypto exchange Coinbase to lay off more employees amid FTX saga: Report
The layoffs were announced internally and the company is likely to sack around 60 employees in its recruiting and institutional onboarding teams, reports The Information.
 "Crypto exchange Coinbase to lay off more employees amid FTX saga: Report")
Crypto wrap: Amid a volatile week, experts want regulators to collaborate
On Friday, the crypto market cap was above $871 billion with Bitcoin trading at $17,301 and Ethereum at $1,271
 "Crypto wrap: Amid a volatile week, experts want regulators to collaborate")
Need high regulatory standard globally to deal with crypto risks: Yellen
International collaboration is really important among public authorities, private sector and other stakeholders, she added
 "Need high regulatory standard globally to deal with crypto risks: Yellen")
Amid Binance-FTX deal fallout, calls for 'proof of reserve' grow louder
Binance CEO Changpeng Zhao recently announced that the largest crypto exchange in the world will start Merkle-tree proof of reserve soon
 "Amid Binance-FTX deal fallout, calls for 'proof of reserve' grow louder")
How Binance, FTX deal rocked the Crypto world and later collapsed
On Tuesday, the world's biggest exchange, Binance Holdings Ltd., was set to acquire troubled rival FTX.com. On Wednesday, Binance walked away from the deal citing problems with FTX's finances
 "How Binance, FTX deal rocked the Crypto world and later collapsed")
Dollar advances ahead of inflation data; cryptos crumble over FTX deal
The greenback surged overnight against its peers and held to those gains in early Asia trade, pushing the Japanese yen away from a roughly two-week high hit in the previous session
 "Dollar advances ahead of inflation data; cryptos crumble over FTX deal")
Cryptoverse: Dogecoin's price doubled after Musk's Twitter acquisition
It was trading at about $0.07 on Oct. 27 before Musk tweeted "the bird is freed" to announce his ownership. Five days later, it was at $0.16.
 "Cryptoverse: Dogecoin's price doubled after Musk's Twitter acquisition")
 "Newly launched crypto platform, TheSportsTattoo enables seamless trading services to its users")
Crypto wrap: Market remains largely resilient despite Fed's 75 bps hike
At 1 PM (IST) on Friday, Bitcoin was trading at $20,591, up 2 per cent in the past seven days, and Ethereum was at $1,579, showing a jump of 5 per cent in the same period
 "Crypto wrap: Market remains largely resilient despite Fed's 75 bps hike")
India's taxes on crypto transactions may 'kill the industry': Binance CEO
Binance Holding CEO Zhao "CZ" Changpeng said India's onerous taxes on cryptocurrency transactions will probably "kill the industry"
 "India's taxes on crypto transactions may 'kill the industry': Binance CEO")
Customs seizes US dollars worth Rs 4 cr at Mumbai airport, 3 arrested
After receiving a tip-off, the Air Intelligence Unit of Airport Customs intercepted three members of a family who were about to fly to Dubai on Wednesday morning
 "Customs seizes US dollars worth Rs 4 cr at Mumbai airport, 3 arrested")
Chennai, SRM College set to host Elon Musk's chosen man Sriram Krishnan
Krishnan, who is also a former Twitter employee, is expected to guide Musk in his ambitious plan to monetise the social media giant
 "Chennai, SRM College set to host Elon Musk's chosen man Sriram Krishnan")