Page 18 - Cryptocurrencies

FTX assets: Lawyers located billions in cash and crypto located

In just three years, FTX, founded by Sam Bankman-Fried, had swiftly put money into a hodgepodge of assets

Cryptocurrencies equivalent to gambling, says RBI Guv Shaktikanta Das

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday reiterated that crypto currencies are equivalent to gambling, as their perceived value is only make believe

Cryptocurrency winter wipes out over 70,000 Bitcoin millionaires in 2022

Crypto winter wiped over 70,000 Bitcoin millionaires in 2022, as the recent volatility experienced by top cryptocurrency resulted in millionaire holders suffering significant losses, a report showed

Crypto Exchange Bitget records 200% growth in India since launch in 2022

/ -- Leading cryptocurrency exchange Bitget has recorded over 200% growth for digital assets' trading volumes in the India market since its launch in early May '22. With over 8 million users worldwide, Bitget has managed to capture a significant share of the South Asian market resulting in increased registrations from retail users. Bitget's performance has accelerated its positioning amongst other derivatives exchanges, ranking from top #20 to its current position #5 on Coingecko. It has captured over 500% growth ($600M to $5 Billion) in its trading volumes globally. Supporting the cause of social trading Bitget has onboarded professional Indian traders for copy-trading on the platform, trades can be 'copied' by new users entering the crypto space to gain better exposure. This feature has helped the organisation record one of the highest growth rates in 2022. "Bitget is a great platform for novice and professional users. Its tremendous growth and increased security has driven it to

N Korean hackers steal NFTs using nearly 500 phishing domains: Report

The use of "malicious Mints" which tricked the victims into thinking they are minting a real NFT by connecting their wallet to the website, was one of the strategies implemented

Cryptocurrency in 2022: What it was, what it is, and what to expect in 2023

Cryptocurrency: Business Standard talked to various crypto firms in India about how 2023 will be for the industry. Here's what they said

2022: A banking year marked by three Cs

The relentless fight against Cryptocurrencies, CBDC taking baby steps, and bank Credit growth at a decadal high

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

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

Best of BS Opinion: Realities of aviation, biodiversity targets, and more

Here is the best of Business Standard's opinion pieces for today

Costs and benefits

Cryptos are speculative but underlying tech has merits

Why is the RBI Guv worried about cryptocurrencies?

Business Standard's BFSI Insight Summit kicked off on Wednesday with a keynote fireside chat with the RBI Governor Shaktikanta Das, moderated by consulting editor Tamal Bandhopadhyay. Excerpts here

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

Crypto firm Voyager to sell assets to Binance US in $1 billion deal

Nearly $2 trillion in value has been wiped out from the crypto sector this year on rising interest rates and exacerbating worries of an economic downturn

Only 2% of cryptocurrencies have a 'healthy' liquidity, finds study

As major crypto exchanges like FTX go bankrupt amid high volatility, almost 90% of cryptocurrencies have a low trading volume, with just 2% of crypto coins having a healthy liquidity

Crypto wrap: Macro indicators improve, market stable despite Fed rate hike

On December 15, after the US inflation of 7.1 per cent for November was announced, Bitcoin touched its five-week high of $18,400

There's broad support for India's agenda at G20 meeting, says DEA secy

The FCBD meeting is setting the agenda for the meeting of G20 finance ministers and central bank governors, scheduled to be held in Bengaluru in February

FTX collapse: US asks companies to disclose involvement with crypto firms

In wake of the collapse of crypto exchange FTX, the US Securities and Exchange Commission has directed publicly-traded companies to tell about their involvement with struggling cryptocurrency firms

How two Pythagoras crypto hedge funds dodged the market collapse

Pythagoras Investment Management LLC has two funds that have been rare bright spots in a market that's been eviscerated by a number of scandals

After FTX collapse, pressure for tougher crypto rules to protect meltdown

Policymakers have for years highlighted the need for effective rules on the crypto industry, pointing to risks to consumers after a string of big market crashes and corporate failures

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

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