Page 39 - Cryptocurrency

White House monitoring FTX collapse, calls for crypto industry regulation

The collapse this week of FTX dealt another blow to the cryptocurrency industry, which has seen severe volatility and bankruptcies of other high-profile firms, including Celsius Network Ltd

How Sam Bankman-Fried fooled the crypto world and maybe even himself

The scandal has shocked the crypto players who giddily celebrated Bankman-Fried as the J.P. Morgan of their times and left them grasping for parallels

Sam Bankman-Fried: 'Crypto genius' who lost $14.5 billion in a single day

Bankman-Fried vanished from the Bloomberg Billionaires Index after his net worth just vaporised, falling 94% in a single day

FTX to start US bankruptcy proceedings, CEO Sam Bankman-Fried to exit

Firm says it will begin process to review and monetise assets for stakeholders

Binance backs out of rescue deal, FTX.com on brink of collapse

On a call before Binance pulled an about-face and bailed on its takeover offer, Bankman-Fried informed investors his crypto exchange faced a shortfall of up to $8 billion

US authorities probe crypto exchange FTX for potential violations: Report

The swift collapse of cryptocurrency exchange FTX sent more shockwaves through the crypto world on Thursday, with authorities now investigating the firm for potential securities violations and analysts bracing for a further downturn in crypto prices. FTX had agreed earlier this week to sell itself to bigger rival Binance after experiencing the cryptocurrency equivalent of a bank run. Customers fled the exchange after becoming concerned about whether FTX had sufficient capital. A person familiar with matter said that the Department of Justice and the Securities and Exchange Commission are examining FTX to determine whether any criminal activity or securities offenses were committed. The person could not discuss details of the investigations publicly and spoke to The Associated Press on condition of anonymity. This week's developments marked a shocking turn of events for FTX CEO and founder Sam Bankman-Fried, who was hailed as somewhat of a savior earlier this year when he helped shor

Crypto exchange Coinbase to lay off more employees amid FTX saga: Report

The layoffs were announced internally and the company is likely to sack around 60 employees in its recruiting and institutional onboarding teams, reports The Information.

Crypto wrap: Amid a volatile week, experts want regulators to collaborate

On Friday, the crypto market cap was above $871 billion with Bitcoin trading at $17,301 and Ethereum at $1,271

FTX to file for bankruptcy protection in US; CEO Sam Bankman-Fried resigns

Bankman-Fried's trading firm Alameda Research is also part of the bankruptcy protection

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

Manipulation by online ads to mould consumer behaviour under ASCI radar

Crypto, personal care, and fashion most violative categories indulging in dark patterns

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

Dollar advances ahead of inflation data; cryptos crumble over FTX deal

The greenback surged overnight against its peers and held to those gains in early Asia trade, pushing the Japanese yen away from a roughly two-week high hit in the previous session

CBDC bond trades surge; volumes jump double-fold in second week

Bulk of CBDC wholesale pilot trading concentrated in liquid 5-yr, 10-yr bonds

Cryptoverse: Dogecoin's price doubled after Musk's Twitter acquisition

It was trading at about $0.07 on Oct. 27 before Musk tweeted "the bird is freed" to announce his ownership. Five days later, it was at $0.16.

Crypto wrap: Market remains largely resilient despite Fed's 75 bps hike

At 1 PM (IST) on Friday, Bitcoin was trading at $20,591, up 2 per cent in the past seven days, and Ethereum was at $1,579, showing a jump of 5 per cent in the same period

Randi Zuckerberg bats for more women to participate in Web3, crypto

Zuckerberg also toured several startup and venture capital offices and met many investors and founders in Bengaluru

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"

Chennai, SRM College set to host Elon Musk's chosen man Sriram Krishnan

Krishnan, who is also a former Twitter employee, is expected to guide Musk in his ambitious plan to monetise the social media giant