FTX Collapse Has Put Spotlight on Risks in Crypto Ecosystem: Economic Survey

The recent collapse of the crypto exchange FTX and the ensuing sell-off in the crypto markets have placed a spotlight on the vulnerabilities in the crypto ecosystem, the Economic Survey 2022-23 presented in Parliament said on Tuesday. Crypto assets are

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Bitcoin Is About to Have Its Best January in a Decade

Bitcoin is set for its best January since 2013 on bets that monetary tightening and the crypto-sector crisis are both ebbing. The largest token is up over 40 percent since the turn of the year, a first-month gain bettered only

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Why Coinbase Has Been Slapped With a $3.5 Million Fine in the Netherlands

Coinbase has been fined $3.5 million (roughly Rs. 30 crore) in the Netherlands. The Dutch central bank has served the crypto exchange with a legal notice for offering crypto services in Netherlands without completing the required procedures, including registration. In

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Here’s How Much Money Binance Moved for Seized Crypto Exchange Bitzlato

Crypto giant Binance processed almost $346 million (roughly (Rs. 2,900 crore) in Bitcoin for the Bitzlato digital currency exchange, whose founder was arrested by US authorities last week for allegedly running a “money laundering engine,” blockchain data seen by Reuters

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New FTX CEO Says Bankrupt Crypto Exchange Could Restart Business: Report

Bankrupt crypto exchange FTX is looking into the possibility of reviving its business, Chief Executive Officer John Ray told the Wall Street Journal on Thursday. Ray, who took over the reins in November, has set up a task force to

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FTX Says It Has Recovered $5 Billion in Assets After Collapse

Lawyers handling the bankruptcy of FTX, the cryptocurrency giant co-founded by Sam Bankman-Fried, said Wednesday they had recovered $5 billion (roughly Rs. 40,780 crore) in assets in their efforts to salvage funds from the failed firm. FTX, once the world’s highest

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