Page 16 - Crypto Trading

Economic Survey flags concerns on Crypto, pushes for global regulation

Survey said events such as collapse of crypto exchange FTX have put vulnerabilities of the sector in focus

Bitcoin barrels toward historic January as crypto market jumps by $280 bn

Bitcoin is set for its best January since 2013 on bets that monetary tightening and the crypto-sector crisis are both ebbing

Crypto firms go out of business as cryptocurrency collapse continues

Company officials blame the failure on the low liquidity of the crypto market caused by last November's collapse of FTX, and other abnormal developments in the industry in recent months

Signature Bank pulls back from crypto transactions below $100,000: Binance

The shift comes after the Federal Deposit Insurance Corporation warned of crypto-asset risks

Crypto wrap: Market continues to recover as total cap nears $1 trillion

There was a blip in the market on Thursday after the US agencies arrested the founder of Hong Kong-based crypto exchange Bitzlato, but it recovered on Friday

Crypto collapse brings focus to digital assets' true value: Raghuram Rajan

'The idea that somehow cryptos are going to maintain value, while the fiat currencies collapse. That's nonsense'

15 mn Bitcoin stagnant in past 6 months amid cryptocurrency winter

In a significant concern for many in the cryptocurrency community amid the deepening crypto winter, the total amount of inactive Bitcoin (BTC) for at least six months has grown to over 15 million

As crypto winter deepens, NFT marketplace SuperRare cuts 30% of workforce

SuperRare raised $9 million in its Series A funding in March 2021, led by Velvet Sea Ventures and 1confirmation

Indian crypto exchange trade down by Rs 32k cr since 30% tax kicked in

The current tax architecture may lead to a loss of approximately Rs 99.3 trillion of local exchange trade volume in the next four years, says the study by The Esya Centre

International regulation needed for crypto activities, says Reserve Bank

Noting that there is turmoil in crypto assets market, the Reserve Bank of India (RBI) has suggested a framework for international regulation of such crypto activities

Anonymous Twitter user leaks API keys of crypto trading service 3Commas

More than 10,000 of the keys were released by the leaker who the rest "will be published full [sic] randomly in the upcoming days", CoinDesk reported

'Important to arrive at a common international approach to crypto': RBI

Financial Stability Report: The FTX turmoil, RBI said, revealed that crypto is highly volatile, exhibits high correlations with equities and does not act as a hedge against inflation

Crypto wrap: Central banks' commentary on inflation keeping market weak

Cryptocurrency news: Both Bitcoin and Ethereum have been trading below crucial support levels

FTX founder Sam Bankman-Fried allowed $250 million bond, house arrest

The cryptocurrency entrepreneur Sam Bankman-Fried can post USD 250 million bond and live in his parents' home in California while he awaits trial on charges that he swindled investors and looted customer deposits on his FTX trading platform, a judge said on Thursday. Assistant US Attorney Nicolas Roos said in US District Court in Manhattan that Bankman-Fried, 30, perpetrated a fraud of epic proportions. Roos proposed strict bail terms, including a USD 250 million bond and house arrest at his parents' home in Palo Alto, California. An important reason for allowing bail was that Bankman-Fried agreed to waive extradition, Roos said. Magistrate Judge Gabriel W. Gorenstein agreed to the bond and also approved the house arrest proposal. He also said Bankman-Fried would be required to get an electronic monitoring bracelet before leaving the Manhattan courthouse. Bankman-Fried wore a suit and tie in court and sat between his attorneys. Two US marshals sat behind him. Bankman-Fried, arrest

More crypto miners to fall after Core Scientific bankruptcy, say experts

Bitcoin halving among primary reasons that may lead to more firms shutting down

Former FTX CEO Sam Bankman-Fried to fly to US today, escorted by FBI agents

Sam Bankman-Fried signed his surrender documents on Tuesday, he will sign a separate set of papers finalising his waiver of rights to fight extradition

ED attaches Rs 907 crore worth assets of crypto exchanges under PMLA

The Enforcement Directorate has attached proceeds of crime worth Rs 907 crore and arrested three persons in cases related to money laundering by crypto exchanges, Parliament was informed on Monday. Minister of State for Finance Pankaj Chaudhary said Central GST officers have detected Goods and Services Tax (GST) evasion worth Rs 87.60 crore by 12 crypto exchanges. Recovery of Rs 110.97 crore, including interest and penalty, has been made. The minister said further investigation is under process in eight cases and four cases are closed on payment of tax along with interest and penalty. Further, in case of crypto exchange Zanmai Labs Pvt Ltd, known as WazirX, assets worth Rs 289.68 crore have been seized from the exchange and its Directors for violation of the provisions of the foreign exchange management act (FEMA), Chaudhary said. In a written reply to a question in the Lok Sabha, the minister said the Directorate of Enforcement is investigating several cases related to crypto .

After Binance, crypto exchange CoinDCX publishes Proof of Reserves

The company said that it intends to post its PoR every quarter and will soon launch a live dashboard to show its reserves and liabilities in real-time for investors

Women above 41 more active in crypto trading than men in India: Report

Women from West Bengal, Haryana and Uttar Pradesh were involved in the most crypto trades on the platform: Crypto exchange WazirX

Sam Bankman-Fried's political donations under US scanner: Report

The disgraced cryptocurrency entrepreneur, whose empire made him a billionaire before it collapsed and he was arrested, was a major political donor