Page 8 - Cryptocurrencies

Crypto wrap: Silvergate fallout pulls market down, Bitcoin at two-week low

Silvergate has been a go-to bank for the biggest crypto players but has come under fire since the collapse of FTX late last year

Indian-origin engineer at FTX, Nishad Singh, pleads guilty to fraud charges

Nishad Singh, a 27-year-old Indian-origin former top executive of failed cryptocurrency trading platform FTX has pleaded guilty to the charges of alleged billion-dollar fraud at the now collapsed exchange. Singh was the former co-lead engineer of FTX Trading Ltd. He has pleaded guilty to six conspiracy charges, including conspiracy to commit wire fraud, conspiracy to commit money laundering and conspiracy to violate federal campaign finances laws. Singh is the third top executive and close confidante of FTX founder Sam Bankman-Fried to plead guilty and cooperate with prosecutors. Gary Wang, co-founder of FTX, and Caroline Ellison, the former head of FTX's sister hedge fund Alameda Research, both pleaded guilty last year and are cooperating against Bankman-Fried. In December last year, federal authorities charged Bankman-Fried with orchestrating a scheme to defraud equity investors in FTX. The Securities and Exchange Commission charged Singh on Tuesday. In a parallel action, the

G20: India asks IMF, FSB to draft new technical paper on crypto assets

Debt resolution has been one of the few initiatives where there was broad agreement among nations at the Bengaluru G20 FMCBG meeting

Crypto wrap: January Fed meet minutes pull Bitcoin back from six-month high

The minutes, released on Wednesday, said that the members believe "ongoing" rate hikes will be necessary

Crypto wrap: 'Surprise rally' in crypto market on US inflation data

The US inflation, according to data released on Wednesday, continued to fall for the seventh straight month in January to 6.4%

Crypto exchange Bitget hosts first meetup in Delhi to boost growth In India

/ -- Leading cryptocurrency exchange Bitget has announced its plans of organizing its first-ever offline meetup in India to increase its efforts of building trust and crypto awareness in the region. Since Bitget's launch in India the exchange has witnessed over 200% growth for digital assets' trading volumes in the market. It has been positioned amongst other top derivatives exchanges, climbing 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. To support this increasing demand of cryptocurrencies, Bitget will be hosting its offline meetup in Delhi, India's capital city on 18th of February 2023. More details on the venue and RSVP are mentioned below:- Date: 18th February 2023 Time: 12PM - 3PM IST Venue: The Palms Town & Country Club, Sushant Lok Phase I, Sector 43, Gurgaon RSVP:Join the event here Agenda Time Session 12:00 - 12:30 Bitget's introduction 12:30 - 1:00 Exploring crypto ..

Cryptoverse: Are bitcoin, ether out of the woods? Consider the options

Volume of bitcoin options traded on Deribit, an exchange for crypto-focused derivatives products, jumped 82% in Jan versus Dec, as per crypto market maker OrBit Markets while Ether options swelled 38%

Indian crypto exchange WazirX moves funds after Binance cuts off service

Binance said it provided Zanmai wallet services "only as a tech solution for their operations of the WazirX exchange"

Economic Survey flags concerns on Crypto, pushes for global regulation

Survey said events such as collapse of crypto exchange FTX have put vulnerabilities of the sector in focus

Crypto firms go out of business as cryptocurrency collapse continues

Company officials blame the failure on the low liquidity of the crypto market caused by last November's collapse of FTX, and other abnormal developments in the industry in recent months

No issue with crypto in India if laws are followed: MoS IT Chandrasekhar

RBI Governor Shaktikanta Das also said in February that cryptocurrencies lacked the underlying value of even a tulip

FTX assets: Lawyers located billions in cash and crypto located

In just three years, FTX, founded by Sam Bankman-Fried, had swiftly put money into a hodgepodge of assets

Cryptocurrencies equivalent to gambling, says RBI Guv Shaktikanta Das

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday reiterated that crypto currencies are equivalent to gambling, as their perceived value is only make believe

Cryptocurrency winter wipes out over 70,000 Bitcoin millionaires in 2022

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

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

N Korean hackers steal NFTs using nearly 500 phishing domains: Report

The use of "malicious Mints" which tricked the victims into thinking they are minting a real NFT by connecting their wallet to the website, was one of the strategies implemented

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

2022: A banking year marked by three Cs

The relentless fight against Cryptocurrencies, CBDC taking baby steps, and bank Credit growth at a decadal high

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

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

Best of BS Opinion: Realities of aviation, biodiversity targets, and more

Here is the best of Business Standard's opinion pieces for today