Cryptocurrency
- Technology
US arrests Russian crypto exchange founder in USD 700 mn fraud
Washington: US authorities have arrested Anatoly Legkodymov, founder and majority owner of cryptocurrency exchange Bitzlato, for allegedly processing $700 million in illicit funds. He was arrested from the state of Miami for…
- Technology
Collapsed crypto exchange FTX claims USD 415 mn hacked
San Francisco: Bankrupt cryptocurrency exchange FTX has claimed that hackers stole nearly $415 million from its platform. FTX CEO John J. Ray III said that about $323 million was hacked from its…
- Technology
Coinbase fires 950 people, shuts down several projects
New Delhi: Crypto exchange Coinbase on Tuesday laid off 20 per cent of its workforce, or about 950 people, to reduce its operating expenses amid the economic recession fears. Coinbase Co-founder and…
- Business
Crypto winter wipes over 70K Bitcoin millionaires in 2022
New Delhi: The crypto winter wiped over 70,000 Bitcoin millionaires in 2022, as the recent volatility experienced by top cryptocurrency resulted in millionaire holders suffering significant losses, a report showed on Tuesday.…
- Technology
Former FTX CEO Sam Bankman-Fried to enter ‘not guilty’ plea
San Francisco: Sam Bankman-Fried, the former CEO of bankrupt crypto exchange FTX, is reportedly set to enter a plea of ‘not guilty’ when he appears before the court on January 3. Bankman-Fried,…
- Business
Law on cryptocurrency only after international collaboration, risk evaluation: Govt
New Delhi: The policy related to crypto assets and its ecosystem is with the Finance Ministry and any legislation on it would be effective only through international collaboration after proper risk evaluation,…
- Hyderabad
Hyderabad: UAE based crypto trading company dupes city’s residents
Hyderabad: Thousands of people were duped by an online crypto trading company in the city. Cases were filed against the alleged fraudsters at different police stations in the city after the victims…
- Business
Only 2% of cryptocurrencies have a ‘healthy’ liquidity, finds study
New Delhi: As major crypto exchanges like FTX go bankrupt amid high volatility, almost 90 per cent of cryptocurrencies have a low trading volume, with just 2 per cent of crypto coins…
- Technology
Former FTX CEO Sam Bankman-Fried arrested in the Bahamas
San Francisco: Sam Bankman-Fried (SBF), the former CEO of bankrupt crypto exchange FTX, has been arrested in the Bahamas, as he was expected to testify online before the US House Financial Services…
- Technology
FTX collapse: US asks companies to disclose exposure to beleaguered crypto firms
San Francisco: In the wake of the collapse of crypto exchange FTX, the US Securities and Exchange Commission (SEC) has directed publicly-traded companies to tell investors about their involvement with struggling cryptocurrency…
- Technology
Telegram’s next step is to let users securely trade, store cryptos: CEO
New Delhi: Telegram’s next step is to build a set of decentralised tools, including non-custodial wallets and decentralised exchanges for millions of people to securely trade and store cryptocurrencies, its Founder and…
- Technology
WazirX gets 764 requests from Indian law enforcement agencies
New Delhi: Homegrown crypto exchange WazirX on Monday said it received 828 queries from law enforcement agencies, including 764 from India, and it complied with 100 per cent of those in the…
- Technology
FTX bankruptcy filing reveals staggering mismanagement
San Francisco: A new court filing concerning the bankrupt Sam Bankman-Fried’s companies has revealed a crypto empire that was massively mismanaged and possibly fraudulent – a “complete failure of corporate controls”. “Never…
- Business
FTX CEO pocketed $300 mn after big funding raise: Report
San Francisco: Sam Bankman-Fried, CEO of now bankrupt cryptocurrency exchange FTX, pocketed $300 million after a big funding raise last year, the media reported. According to The Wall Street Journal, the beleaguered…
- Technology
Crypto.com mistakenly sends Ethereum worth $400 mn to another exchange
San Francisco: Crypto.com has admitted that it mistakenly sent over $400 million in Ethereum digital coins to another crypto exchange called Gate.io. Crypto.com CEO Kris Marszalek said in a tweet that the…
