Page 35 - Cryptocurrency

Website Redesign, New Tokens, Pricing, and Merchant Model Updates for B2BinPay

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Indian crypto exchanges stay put in business after 'a year to forget'

Tax burden, regulatory uncertainty and the shock of FTX collapse pulled down domestic companies

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

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

Law on crypto only after international collaboration, risk evaluation: Govt

Policy related to crypto is with the FM and any legislation on it would be effective only through international collaboration after proper risk evaluation, the Parliament was told

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

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

FTX founder Sam Bankman-Fried allowed $250 million bond, house arrest

The cryptocurrency entrepreneur Sam Bankman-Fried can post USD 250 million bond and live in his parents' home in California while he awaits trial on charges that he swindled investors and looted customer deposits on his FTX trading platform, a judge said on Thursday. Assistant US Attorney Nicolas Roos said in US District Court in Manhattan that Bankman-Fried, 30, perpetrated a fraud of epic proportions. Roos proposed strict bail terms, including a USD 250 million bond and house arrest at his parents' home in Palo Alto, California. An important reason for allowing bail was that Bankman-Fried agreed to waive extradition, Roos said. Magistrate Judge Gabriel W. Gorenstein agreed to the bond and also approved the house arrest proposal. He also said Bankman-Fried would be required to get an electronic monitoring bracelet before leaving the Manhattan courthouse. Bankman-Fried wore a suit and tie in court and sat between his attorneys. Two US marshals sat behind him. Bankman-Fried, arrest

More crypto miners to fall after Core Scientific bankruptcy, say experts

Bitcoin halving among primary reasons that may lead to more firms shutting down

Associates of FTX founder Bankman-Fried plead guilty to criminal charges

Two top associates of Sam Bankman-Fried have pleaded guilty to criminal charges in the collapse of the cryptocurrency exchange FTX in cooperation deals, a federal prosecutor announced Wednesday in a stunning development that came as the digital coin entrepreneur was being flown in FBI custody to the US from the Bahamas. Carolyn Ellison, the 28-year-old former CEO of Alameda Research, a trading firm started by Bankman-Fried, and Gary Wang, the 29-year-old who co-founded FTX, pleaded guilty to charges related to their roles in the fraud that contributed to FTX's collapse, US Attorney Damian Williams said on Wednesday night in a video statement released on social media. They are both cooperating with the Southern District of New York, Williams said, adding that anyone else who participated in the fraud should also reach out to his office because our patience is not eternal. He promised that his office continued to work on the case around the clock, noting that he'd said in announcing .

Next financial crisis will come from crypto: RBI Guv Das at BFSI summit

Business Standard BFSI Insight Summit 2022: Das said that these currencies have "no underlying whatsoever" and pose a threat to macroeconomic stability

Delhi, Jaipur recorded highest crypto adoption in 2022: CoinSwitch

CoinSwitch annual report: The highest holdings in the virtual currencies in India were in Bitcoin, and it was followed by Dogecoin and Ethereum

Cryptoverse: Bidding adieu to 2022, the year that broke bitcoin by 60%

Crypto funds have seen net inflows of $498 million in 2022, versus $9.1 billion in 2021

FTX crypto exchange founder agrees to extradition to US, says attorney

Sam Bankman-Fried may be ready to come to the US to face criminal charges related to the collapse of cryptocurrency exchange FTX following a chaotic court appearance in the Bahamas. A lawyer for Bankman-Fried was quoted as saying Monday the disgraced FTX founder has agreed to be extradited to the United States. A court hearing was stopped earlier in the day when his attorneys said it was premature for him to stand before the court. Jerone Roberts, a local defense attorney for Bankman-Fried, told The New York Times that lawyers will prepare the necessary documents for extradition. Mr. Bankman-Fried wishes to put the customers right, and that is what has driven his decision, the Times quoted Roberts telling reporters. It was not immediately clear when extradition could occur. The court appearance came just a week after Bankman-Fried's lawyers had initially said that they planned to fight extradition. An extradition hearing had been scheduled for Feb. 8. The reversal could speed up th

After Binance, crypto exchange CoinDCX publishes Proof of Reserves

The company said that it intends to post its PoR every quarter and will soon launch a live dashboard to show its reserves and liabilities in real-time for investors

Women above 41 more active in crypto trading than men in India: Report

Women from West Bengal, Haryana and Uttar Pradesh were involved in the most crypto trades on the platform: Crypto exchange WazirX

Democrats set aside donations of over $1 mn from ex-FTX CEO Bankman-Fried

The three primary committees charged with electing Democrats said Friday that they would set aside more than $1 million in donations this election cycle from disgraced crypto mogul Samuel Bankman-Fried, who is accused of making tens of millions of dollars in illegal campaign donations. Bankman-Fried, the former CEO of cryptocurrency exchange FTX, was a prolific political donor to individual lawmakers, official campaign committees and super PACs. Among the recipients of his cash were the Democratic National Committee, the Democratic Senatorial Campaign Committee and the Democratic Congressional Campaign Committee. In a statement Friday, DNC spokesman Daniel Wessel said that the group will set aside the $815,000 in contributions it has received from Bankman-Fried since 2020. That total includes donations Bankman-Fried made directly to the DNC as well as the Democratic Grassroots Victory Fund and the Biden Victory Fund, which was a joint fundraising committee approved by Joe Biden's ...

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

G20 under India can make progress in debt relief, crypto: Gita Gopinath

Throwing light on the recent crypto meltdown, she said it was clear that internationally agreed standards of regulations had become necessary

Binance CEO says deposits returning after mega $1.14 bn withdrawals

Amid the FTX collapse saga, customers withdrew $1.14 billion in just 12 hours from leading crypto exchange Binance and according to its CEO, the massive withdrawals were "handled with ease"

CoinSwitch to foray into wealth tech, launches new logo, mobile app

CoinSwitch is expected to launch its new products by 2023 to become the first Indian crypto company to diversify into other asset classes