Page 24 - Cryptocurrency

Crypto wrap: Market trading sideways on Fed rate hike, Twitter rebranding

Earlier this week, US Fed hiked its benchmark interest rate by 25 basis points, taking it to the highest in 22 years

Crypto exchange CoinSwitch lists holdings after its second POR report

This signifies that the company maintains a holdings ratio of 1:1 or more, meaning that it holds all user assets and fiat balances

Crypto platform CoinSwitch releases second proof of reserves data

CoinSwitch said that its cash and cash equivalent balances are 6.79 times higher than the balance of its users

Sam Bankman must be jailed until trial, says prosecutor, citing violations

Sam Bankman-Fried should be immediately jailed, a prosecutor told a federal judge on Wednesday, saying the FTX founder violated his bail conditions by sharing information with a reporter designed to harass a key witness against him. Assistant US Attorney Danielle Sassoon said the government had concluded there were no set of bail conditions that would ensure that Bankman-Fried wouldn't try to tamper with or influence witnesses. She said Bankman-Fried should be jailed because he shared personal writings about Caroline Ellison, who was the CEO of Alameda Research, a cryptocurrency hedge fund trading firm that was an offshoot of FTX. Bankman-Fried is scheduled for trial October 2 in Manhattan on charges that he cheated investors and looted FTX customer deposits. Bankman-Fried has been free on USD 250 million since his December extradition from the Bahamas, required to remain at his parent's home in Palo Alto, California. His electronic communications have been severely ...

Scamsters led by Chinese handlers dupe 15000 Indians of Rs 700 crore

The cash was converted into cryptocurrency after being passed through various Indian bank accounts and, subsequently, routed to China through Dubai

Over half of Indian crypto investors in for long term: WazirX survey

In the age group of 18-30 years, 40% of respondents said they have invested more than Rs 40,000 in digital assets

ChatGPT's Sam Altman launches eyeball scanning crypto project Worldcoin

Worldcoin deploys a small device, christened the Orb to scan people's eyeballs to create a unique digital identity

Bankrupt FTX sues former CEO Sam Bankman-Fried to recover over $1 billion

FTX said that the defendants continually misappropriated funds to finance luxury condominiums and other "pet projects", while committing "one of the largest financial frauds in history"

Crypto wrap: Market volatile on profit booking after last week's rally

The major beneficiary of Bitcoin's weakness has been Ripple's XRP token which now enjoys a market dominance of 21%

Sequoia Capital shakes up venture capital team, sheds two crypto investors

Longtime partner Michael Moritz is leaving the venture firm to focus on Sequoia Heritage, a wealth management business he helped start, Sequoia said Wednesday

G20 FMCBG meeting: Members find common ground on economy and crypto

Ukraine, international law remain sticking points

Financial Stability Board seeks measures to regulate cryptoassets

Authorities should, to the extent necessary, achieve regulatory outcomes comparable to those in traditional finance, the FSB said

CoinDCX collaborates with Jocata over anti-money laundering processes

The partnership with Jocata will enable CoinDCX to further augment its AML framework to navigate through the developing regulatory landscape

G20 FSB releases global guidelines for crypto firms to safeguard investors

"As recent events have illustrated, if linkages to traditional finance were to grow further, spillovers from cryptoasset markets into the broader financial system could increase," the FSB said

Crypto giant Binance lays off more than 1,000 employees, says report

Last week, a string of executives also quit Binance, which included its Chief Strategy Officer Patrick Hillmann

Crypto wrap: US Federal Court's ruling on Ripple leads to surge in market

Cryptocurrency news: Another reason for the surge was the lower-than-expected US inflation of 3% for June

Filing ITR for crypto gains: Here's your guide on taxation for VDAs

All cryptocurrency purchases, sales, and transactions are subject to a 30% capital gains tax on profits, with no provisions for reduced rates or deductions under Section 115BBH.

Caution about Bitcoin grows as jump in global markets bypasses crypto

The largest digital asset on Thursday mostly held losses of 0.7% from a day earlier, while stocks and bonds extended gains on bets that an end to Federal Reserve monetary tightening is getting closer

Google unveils NFT policy for Play Store to incorporate tokens into games

NFT investors, who have watched prices of their collections fall and interest in the digital-asset market wane, see the changes in Google's policy as a sign that the market is not dead yet

CoinDCX appoints Rajnish Vedi as the new head of customer experience

Rajnish Vedi will work towards improving the net promoter score (NPS) and customer satisfaction score (CSAT) by building seamless customer journeys, and transparent customer communication