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Indian national pleads guilty in US to running dark web drug enterprise

A 40-year-old Indian national extradited from the UK has pleaded guilty to operating a global dark web enterprise to sell "deadly and dangerous drugs to communities across America" and agreed to forfeit approximately USD 150 million in cryptocurrency. According to court documents, Banmeet Singh from Haldwani in Uttarakhand created vendor marketing sites on dark web marketplaces to sell controlled substances, including fentanyl, LSD, ecstasy, Xanax, Ketamine, and Tramadol, the US Department of Justice said in a press release. Customers ordered controlled substances from Singh using the vendor sites and by paying with cryptocurrency. Singh then personally shipped or arranged the shipment of the drugs from Europe to America through US mail or other shipping services, the release said on Friday. Banmeet Singh and traffickers like him think they can operate anonymously on the dark web and evade prosecution...Today's guilty plea, which includes forfeiture of approximately USD 150 million

BlackRock's Bitcoin ETF first to cross $1 billion threshold in inflows

Investors deposited $371 million in the fund on Wednesday, pushing IBIT past the milestone, data compiled by Bloomberg show

Crypto wrap: US Fed's commentary on rate cuts in 2024 keeps market volatile

Cryptocurrency news: The outlook for 2024 continues to remain positive, mainly on the back of Bitcoin ETFs

Binance launches AMP Summer Internship to develop talent in blockchain tech

Binance will provide the interns the opportunity to interact with company executives and managers along with other professionals in the industry

Crypto decouples from global financial markets amid banking sector gloom

The collapse of several banks in the last two weeks has spread fears of contagion in global markets, but crypto markets saw a bull run, with Bitcoin climbing to its nine-month high on Monday

Crypto under PMLA: Industry gives thumbs up, expects higher investor faith

Cryptocurrency news: On Tuesday, the Centre issued a notification to bring VDAs under the ambit of anti-money laundering law in India

Crypto wrap: Silvergate fallout pulls market down, Bitcoin at two-week low

Silvergate has been a go-to bank for the biggest crypto players but has come under fire since the collapse of FTX late last year

Crypto wrap: January Fed meet minutes pull Bitcoin back from six-month high

The minutes, released on Wednesday, said that the members believe "ongoing" rate hikes will be necessary

Crypto wrap: Market stable even as FTX fallout claims one more victim

The total market cap has improved marginally from $855 billion last Friday to $859 billion on December 9

Indian crypto industry group writes to govt for 'strong regulations'

Bharat Web3 Association says collapse of USA's FTX highlights 'lacunae in corporate governance'

Cryptocurrency lender BlockFi goes bankrupt in aftermath of FTX downfall

BlockFi said in a statement that it will use the Chapter 11 process to "focus on recovering all obligations owed to BlockFi by its counterparties, including FTX and associated corporate entities"

Blocked 700 crypto accounts between April-Sep over irregularities: WazirX

The crypto exchange received 828 requests from law enforcement agencies, of which 764 were Indian and 64 were foreign

Is it the beginning of crypto's end?

FTX, the world's second biggest crypto exchange, has gone bankrupt. Bitcoin fell another 12% in the last five days, after shedding over 70% this past year. So is it the beginning of the end of crypto?

Bankrupt FTX hit by mysterious outflow of about $662 mn in past 24 hours

It's unclear exactly who's making the transactions, but you wouldn't expect to see these on-chain trades at this time: Alex Svanevik, chief executive officer at Nansen

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

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

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

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"

Crypto weekly wrap: Experts see Bitcoin at 19,600, Ethereum at 1,300 soon

After the release of the UK's inflation data showing inflation for September at 10.1 per cent, the crypto markets plunged

Crypto wrap: 'Merge' in focus, inflation figures still key, say experts

Bitcoin, the largest crypto token by market capitalisation, was trading at $21,750 on Friday. On Monday, it had briefly hit the $25,000 mark