Page 20 - Cryptocurrencies

Explained: The collapse of FTX and turmoil in cryptocurrency market

In May 2022, when the cryptocurrency market experienced a $2 trillion crash, FTX offered financial lifelines to several collapsing firms. But now, when FTX needs a bailout, it has nowhere to go. Watch the full video to understand

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

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

Cryptoverse: Dogecoin's price double abfter Elon Musk acquired Twitter

Dogecoin's price doubled after the Tesla tycoon completed the $44 billion deal. It was trading at about $0.07 on Oct. 27 before Musk tweeted "the bird is freed" to announce his ownership

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"

FM Sitharaman lists climate finance, crypto regulation as key G-20 agenda

Nirmala Sitharaman says India will push for the voice of developing and low-income nations

What is cryptocurrency mining?

Companies take the primary market route to raise funds. And, in the process, new securities are created. But, ever wondered how new cryptocurrencies are generated? We answer this in this segment

Musk's favourite crypto doubles in value, skeptics issue warning

Dogecoin's rally brings focus back on cryptocurrency regulations and decentralised finance networks

Crypto exchange Binance creating team to help Twitter with things like bots

The world's largest crypto exchange appears to be seeking an active role in how Twitter is run

CBIC seeks details on digital assets from India's top crypto bourses

Crypto exchanges have been asked to furnish details this month itself

Crypto Exchange FTX to provide $6 million phishing compensation to users

Digital-asset exchange FTX will provide about $6 million compensation to its account holders impacted by a phishing incident via a third-party website

Crypto is more attractive as US SEC gets aggressive, investors say

Survey respondents also displayed a very broad church of opinions on crypto, emblematic of how despite the sector's relative infamy among traders, it's still a divisive topic

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

Indian investigations helped reduce crypto scams in Austria: Andreas Holzer

CBI recently cracked a Bitcoin racket after it received information from several countries that call centres run in Delhi and other states were duping foreign nationals

Shardeum raises $18 mn in seed round from a clutch of 60 investors

WazirX founder Nischal Shetty, also co-founder Shardeum, says crypto world needs to work with regulatory bodies

Interpol's crack team to 'follow the money' in crypto crimes, says official

Red corner notice not tantamount to international arrest warrant: Jürgen Stock

Crypto weekly wrap: Tokens recover after plunging post-US inflation data

Bitcoin rose by almost 4 per cent after dropping to its lowest at $18,300 post-US inflation data was released

FM Sitharaman calls for effective tax reporting regime on crypto assets

Finance Minister Nirmala Sitharaman on Thursday called for an effective tax reporting regime and information exchange between jurisdictions for crypto assets to combat offshore tax evasions. Participating in the G20 Finance Ministers and Central Bank Governors meeting here on the sidelines of the annual meetings of the IMF and the World Bank, Sitharaman intervened on a number of critical issues, including infrastructure, investments and international taxation. On scaling up sustainable and digital infrastructure investments, she highlighted the need to leverage private sector participation. She also spoke on mobilising finance at sub-national level for inclusive and quality infrastructure. The last session of the ongoing G20 meeting saw discussions on the progress made on the agenda of international taxation during this year. On the two-pillar solution, the finance minister called for participative engagement of all jurisdictions in negotiations and prioritising capacity building.

Crypto industry's winter deepens as trading volumes plunge, funds dry up

Volumes tumble over 80% in Jan-Sept; several entities receive 'drawdown notices' from investors

Rich Indians rush overseas to open family offices as risks rise at home

Many are heading to Dubai and Singapore to hedge their portfolio against currency and geographical risks and for tax planning for the next generation