FTX bankruptcy news: Beleaguered crypto exchange FTX recently admitted that "unauthorised transactions" have drained hundreds of millions of dollars from its wallets, saying the company has moved many digital assets to a new "cold wallet custodian".
FTX bankruptcy news: Customers fled the exchange over fears about whether FTX had sufficient capital, and it agreed to sell itself to rival crypto exchange Binance.
The slide in the value of digital assets comes as stock markets around the world also dropped in recent days. On Monday, some Asian markets headed lower again with Japan's benchmark Nikkei index down by around 2 percent.
India is a nation with the biggest Crypto investments, majorly millennials from Tier-2 and Tier-3 cities. More than 100 million people have already invested in cryptocurrencies. Here we come with the top crypto companies that has witnessed a tremendous growth
The RBI has for long maintained its strong views against cryptocurrencies, saying they pose serious threats to macroeconomic and financial stability.
India has the highest number of cryptocurrency holders in the world at 10.07 crore, according to broker discovery and comparison platform BrokerChooser.
Starting today, Sept. 7, all businesses will have to accept payments in Bitcoin, except those lacking the technology to do so.
An inter-ministerial committee has recommended banning cryptocurrencies in India along with imposition of fines and penalties on activities linked with private virtual currencies in the country.
Financial sector watchdogs and government agencies will soon get into a huddle to prepare a framework to safeguard gullible investors and clamp down on fraudsters, PTI reported.
Various teams of I-T sleuths today visited the premises of nine such exchanges in the country including in Delhi, Bengaluru, Hyderabad, Kochi and Gurugram, since early morning.
According to the Coindesk Bitcoin Price Index, the market cap for the virtual currency also reached a historic high of $168 billion.
Three of China's largest bitcoin exchanges have said that they will begin charging trading fees effective Tuesday, as China’s central bank tightens the noose around them.
Tokyo: The Mt. Gox bitcoin exchange in Tokyo filed for bankruptcy protection Friday and its chief executive said 850,000 bitcoins, worth several hundred million dollars, are unaccounted for.The exchange's CEO Mark Karpeles appeared before Japanese
Top News
Latest News
