Page 17 - Cryptocurrency

FIU-India to lift ban on world's largest crypto exchange Binance soon

Director bats for self-regulatory mechanism

FTX files new reorganisation plan, expects $14 bn-$16 bn for distribution

The company said the amended plan focuses on a series of settlements reached consensually with the key stakeholders including cases that are still subject to court approval

Hacker Sriki arrested: The unfolding of Karnataka's 2017 bitcoin scam

Between 2020-2021, Sriki allegedly moved Bitcoins worth Rs 10 crore to different wallets using a laptop that was smuggled into the prison, unleashing the Bitcoin scam

Robinhood Crypto gets Wells notice from US Securities, Exchange Commission

A Wells notice does not necessarily mean that recipients have violated any law. The SEC issues Wells notices to firms when it is planning to bring enforcement action against them

Crypto washout sends Bitcoin below $58,000 ahead of Fed's decision

The value of the world's most traded cryptocurrency fell by nearly 16% in April, as investors booked profits on a sizzling rally that has taken the price to record highs above $70,000

Binance founder Changpeng Zhao sentenced to four months in prison

Zhao pleaded guilty in November for failing to implement an adequate money laundering program at Binance

ED seizes funds worth Rs 90 crore kept in Binance, ZebPay, WazirX wallets

The Enforcement Directorate on Tuesday said it has taken possession of funds worth Rs 90 crore, kept in cryptocurrency wallets of exchanges like Binance, ZebPay and WazirX, as part of a money laundering investigation linked to an online gaming app "scam". "These crypto assets were subsequently taken into possession and transferred into the crypto wallet of the ED," the federal agency said in a statement. The investigation pertains to an online gaming scam app "scam" called 'E-Nugget' that masqueraded as a gaming platform and "promised" users high returns on their investments. An FIR filed at the Park Street Police Station of Kolkata became the basis of the ED case that was registered under the provisions of the Prevention of Money Laundering Act (PMLA). The app offered a series of enticing games designed for real-money wagering promised users hefty commissions and painted a picture of a "golden investment" opportunity, the ED said. However, this facade quickly fell apart once ...

With ETF demand cooling, Bitcoin faces worst month since FTX crash

The original cryptocurrency is down 14% in April, the most since it slumped 16% in November 2022. The US-ETF induced mania took Bitcoin to a record high of almost $74,000 in March

US prosecutors seek 36 months' jail for Binance founder Changpeng Zhao

Zhao, commonly known as CZ, agreed to pay $50 million and cease involvement with Binance, which he founded in 2017

Bitcoin in April 2024: All you need to know about Halving event and impact

On Monday, Bitcoin traded at $65,000-mark as against the $63,000 level on Friday. Historically, Bitcoin has rallied post halving, will the trend continue? Here's all you need to know

Bitcoin briefly drops below $60,000 ahead of halving software adjustment

The original digital asset fell as much as 5% to $59,888, before paring the decline. Bitcoin has dropped by about 18% since it reached a record $73,797 on March 14

Bitcoin's share of crypto market highest since 2021 partly due to ETFs

Bitcoin and second-ranked Ether jumped on Monday, boosted by indications that asset managers will soon launch Hong Kong-listed ETFs for both tokens

Bitcoin 'halving' will deal a $10 billion revenue blow to crypto miners

"This is the final push for miners to squeeze out as much revenue as they can before their production takes a big hit," said Matthew Kimmell, a digital asset analyst at CoinShares

Bitcoin rebounds from sharp slump triggered by Iran's attack on Israel

The largest cryptocurrency advanced 3.9% to $64,40 as of 8:50 a.m. in London on Sunday after jumping as much as 8.3% earlier

Australian prosecutors drop billionaire Andrew Forrest's case against Meta

He had pursued the lawsuit under Australian laws that allow an individual to criminally prosecute a foreign corporation with the consent of the attorney general

After Bitcoin surge, crypto venture capital creeps toward comeback: Report

VC investment in crypto startups reached $2.5 billion during the first quarter of 2024, a 32% increase from the last quarter and roughly even with the same period last year

NFTs lag amid crypto surge: Hope to revive interest lies in tokenisation?

Cryptocurrency and NFTs, connected through blockchain, once scaled their peaks hand in hand

Crypto exchange platform CoinSwitch's parent launches app for stock broking

The launch marks PeepalCo's expansion into stock broking. It will be operated as a separate business division with its own managing and operations teams

Amitabh Kant's growth call: 10K big companies, 10 champion states

The government must take the lead in ensuring Life Insurance Corporation of India invests in startups, says Amitabh Kant

Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison

Crypto entrepreneur Sam Bankman-Fried was sentenced on Thursday to 25 years in prison for a massive fraud that unravelled with the collapse of FTX, once one of the world's most popular platforms for exchanging digital currency. Bankman-Fried, 32, was convicted in November of fraud and conspiracy a dramatic fall from a crest of success that included a Super Bowl advertisement and celebrity endorsements from stars like quarterback Tom Brady, basketball star Stephen Curry and comedian Larry David. US District Judge Lewis A. Kaplan imposed the sentence in the same Manhattan courtroom where, four months ago, Bankman-Fried testified that his intention had been to revolutionize the emerging cryptocurrency market with his innovative and altruistic ideas, not to steal. Kaplan said the sentence reflected that there is a risk that this man will be in position to do something very bad in the future. And it's not a trivial risk at all. He added that it was for the purpose of disabling him to th