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North Korea hackers behind 2019 $42 mln Ethereum heist, South Korea police say

NORTHKOREA-CRYPTOCURRENCY/SOUTHKOREA (PIX):North Korea hackers behind 2019 $42 mln Ethereum heist, South Korea police say

world news

Published on Nov 21, 2024 11:56 AM IST

Reuters |

Non-US world struggles to find common currency

The case for a non-US-control based international system of transactions is clear. The world needs to build pipelines

A souvenir bitcoin token is seen pictured with a 100 ruble bill in Moscow on July 30, 2024. Russian lawmakers voted on July 30, 2024 to tighten rules on petrocurrency mining, while also paving the way for it to be used in cross-border payments as a means to skirt Western sanctions. (Photo by Alexander NEMENOV / AFP) (AFP)

opinion

Published on Sep 30, 2024 08:43 PM IST

ByMonika Halan

Crypto exchange Binance to pay fine of ₹18.82 crore imposed by FIU-IND: Report

In May, Binance registered with FIU as exchange sought to resume operations in India after the watchdog issued show-cause notices to nine offshore exchanges.

Financial Intelligence Unit (FIU) imposed a fine of 188.2 million rupees ($2.25 million) on Binance.(Reuters)

business

Updated on Jun 20, 2024 11:21 AM IST

Reuters |

Bitcoin surges past $46,000 to one-month high; Ether and Solana also soar

Bitcoin remains about $23,000 below the record high the token hit in 2021, during a pandemic-era bull run oiled by easy money

Nine US spot Bitcoin exchange-traded funds debuted on Jan. 11, while the more than decade-old Grayscale Bitcoin Trust converted into an ETF the same day(Reuters file)

business

Published on Feb 09, 2024 03:14 PM IST

Bloomberg |

ARK Invest liquidates entire GBTC holdings, invests $100m in Bitcoin futures ETF

ARK Invest started laying off its GBTC shares when Bitcoin first hit the $34,000 price mark in October

ARK Invest sells its entire GBTC holdings

world news

Published on Dec 28, 2023 09:44 PM IST

ByArya Vaishnavi

Stablecoins – Aid to Indian SMEs to accelerate payments and access USD

This article is authored by Winston Hsiao, co-founder and group chief revenue officer, XREX.

ht insight

Published on Nov 07, 2023 10:14 AM IST

ByHindustan Times

Protecting consumer rights in the emerging era of virtual digital asset

This article is authored by Ashim Sanyal, CEO & secretary, Consumer VOICE and Kaushal Mahan, vice president, Chase India.

ht insight

Published on Oct 19, 2023 11:17 AM IST

ByHindustan Times

India's G20 presidency: A watershed moment in crypto regulation

This article is authored by Rajagopal Menon, vice president, WazirX.

ht insight

Published on Oct 11, 2023 10:32 AM IST

ByHindustan Times

ED attaches ₹10-crore assets in FEMA probe

The Enforcement Directorate has attached assets worth ?10 crore in relation to alleged FEMA violations against VIPS Group of Companies and Global Affiliate Business, who are allegedly involved in illegal trades, including crypto exchange. The group allegedly siphoned off proceeds from the illegal trades abroad via hawala channels and various shell companies. Collections worth ?125 crore were procured allegedly in the garb of investment for earning interest or commission income.

cities

Updated on Jun 17, 2023 12:50 AM IST

ByAbhishek Sharan

Regulators put the future of America’s crypto industry in doubt

Firms will head to friendlier waters

Absent legislation or friendlier regulators, the lawsuits place the fate of America’s crypto industry in judicial hands(Stock)

business

Published on Jun 08, 2023 09:33 PM IST

The Economist

Bankman-Fried while out on bail can only use 'non-smartphone' without internet

Limiting the FTX founder Sam Bankman-Fried’s access to a device that gained popularity when he was about three years old is the latest development in a fight over his communications. The functions on his phone will be restricted to voice calls and SMS text messages.

business

Updated on Mar 05, 2023 02:46 AM IST

Bloomberg | | Posted by Singh Rahul Sunilkumar

Bankman-Fried faces new criminal charges, accused of hiding political donations

After founding FTX in 2019, Bankman-Fried rode a boom in the value of Bitcoin and other digital assets to attain an estimated $26 billion net worth. The exchange collapsed in November amid a flurry of customer withdrawals over concerns the exchange was commingling assets with Alameda.

FTX Founder Sam Bankman-Fried exits a Manhattan Federal Court.(Getty Images via AFP)

business

Published on Feb 23, 2023 10:43 PM IST

Reuters | | Posted by Singh Rahul Sunilkumar

Bitcoin price highest since August ahead of Chinese New Year

Bitcoin, the largest cryptocurrency rose as much as 2.1% to $22,786, the highest level since August 18. It also had strong gains over Friday and Saturday last weekend. Second-ranked Ether advanced as much as 2.4% to levels not seen since September.

Bitcoin has rallied to start 2023 amid a more promising macro picture.

business

Published on Jan 21, 2023 04:29 PM IST

Bloomberg | | Posted by Singh Rahul Sunilkumar

Goldman Sachs sees opportunity to invest in crypto firms after FTX collapse

FTX's implosion has heightened the need for more trustworthy, regulated cryptocurrency players, and big banks see an opportunity to pick up business, Mathew McDermott, Goldman's head of digital assets, told Reuters.

A trader works in the Goldman Sachs booth on the floor of the New York Stock Exchange. Rebecca Allen has sued the company for denying her promotions because of her race.(AP File Photo)

business

Published on Dec 06, 2022 12:08 PM IST

Reuters | | Posted by Singh Rahul Sunilkumar

Bankman-Fried's FTX, parents bought Bahamas property worth $121 mn: Report

The most expensive purchase was a $30 million penthouse at the Albany, a resort where Tiger Woods hosts a golf tournament every year. FTX Property Holdings Ltd, an FTX unit, bought 15 properties worth nearly $100 million in 2021 and 2022.

Collapsed cryptocurrency exchange FTX.(AFP)

business

Published on Nov 22, 2022 11:47 AM IST

Reuters | | Posted by Singh Rahul Sunilkumar

On FTX collapse, Bankman-Fried's cryptic tweets, followed by an 'explanation'

The tweets, published at sporadic intervals, have combined apologies for former CEO's failings with his perspective on what went wrong at the companies he founded and ran.

Samuel Bankman-Fried, founder and former CEO of FTX, testifies during a Senate Committee on Agriculture, Nutrition and Forestry hearing in Washington, DC.(AFP file)

business

Published on Nov 17, 2022 01:45 PM IST

Bloomberg | | Posted by Nisha Anand

‘Is cryptocurrency legal now?’ asks Congress as Centre taxes digital assets

Finance minister Nirmala Sitharaman on Tuesday announced a 30 per cent tax on any income from the transfer of virtual digital assets, specifying that no deductions and exemptions will be allowed.

Congress general secretary Randeep Singh Surjewala (Ishant Kumar / File Photo)

business

Updated on Feb 01, 2022 01:35 PM IST

Written by Joydeep Bose, Hindustan Times, New Delhi

Regulating crypto assets in India

The study has been authored by Megha Bal, Shweta Venkatesan and Varun Ramdas

The size of first-generation internet technology companies today is testament to the enabling power of safe harbours as a tool to promote innovation. If the crypto asset space presents the future of the internet, as many experts propound, it is imperative that the crypto industry be afforded the same legal succour that allowed big technology companies to reach where they are today.(iStock)

ht insight

Published on Jan 04, 2022 04:24 PM IST

ByHindustan Times

Bitcoin plunges over 20% in another sign of global market nerves

Ether, the second-largest token, fell as much as 17.4% before trimming the retreat to about 10%. The overall crypto sector has shed around a fifth of its value, sliding to $2.2 trillion, according to tracker CoinGecko.

Representation of cryptocurrency bitcoin is seen in this illustration taken November 29, 2021. (REUTERS)

business

Published on Dec 04, 2021 12:11 PM IST

Bloomberg |

HTLS 21: Cryptocurrency policy must be neutral, says economist Lawrence Summers

According to the leading US economist, it is expected that such a neutral policy on cryptocurrency will lead the economy to a “middle way” – which is more permissive than the entrenched financial interests that do not want to see this disruptive innovation.

htls

Published on Dec 01, 2021 07:55 PM IST

Written by Joydeep Bose | Edited by Amit Chaturvedi, Hindustan Times, New Delhi

Cryptocurrency in India: Is a blanket ban possible? Here's how things may change

Transferring cryptocurrencies from one wallet to another is essentially no different from sharing files from one computer to the other, so a regulatory ban might not take away people's ability to send cryptocurrencies to each other. But it could complicate the process:

The definition of what exactly constitutes as ‘private’ cryptocurrency has not yet been clarified by the central government yet. (Representational Image / File)

business

Updated on Nov 24, 2021 01:56 PM IST

Written by Joydeep Bose | Edited by Amit Chaturvedi, Hindustan Times, New Delhi

Cryptocurrency crash: Bitcoin, Ethereum fall in value. Here are possible causes

There seems to be no single factor driving the cryptocurrency crash this week, the phenomenon instead being caused by a multitude of factors ranging from “rising selling pressure, end of year profit-taking, as well as speculation”.

Financial experts continue to warn investors against putting their money on cryptocurrencies, citing high financial risks. (File Photo / REUTERS)

business

Updated on Nov 24, 2021 02:19 PM IST

Written by Joydeep Bose | Edited by Amit Chaturvedi, Hindustan Times, New Delhi

NFTs: Hype or the future of finance?

With its recent auction of a so-called nonfungible token (NFT), DW has ventured into what some believe could be the future world of finance. What has piqued our interest in trying out the much-vaunted technology?

Every block in the chain has its own unique nonce and hash which aren't easy to find especially on large chains. (Photo via DW)

business

Updated on Nov 17, 2021 06:56 PM IST

ByDeutsche Welle

Bitcoin's Taproot upgrade: Why it's a ‘game changer’ for the cryptocurrency

The Taproot upgrade consists of three separate upgrade proposals. However, at its core, the upgrade introduces a new digital signature scheme called “Schnorr” that will help Bitcoin transactions become more efficient and more private.

A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration. (REUTERS / File Photo)

business

Published on Nov 16, 2021 06:56 PM IST

Byhindustantimes.com, New Delhi

Cryptocurrency crash: Bitcoin drops below $60,000, Ether falls amid broad dip

The largest digital token, Bitcoin, dipped as much as 8.2% to $58,661. Second-ranked Ether tumbled more than 10%. The global crypto market cap has dropped some 10% in the past 24 hours to $2.7 trillion, according to tracker CoinGecko.

Representations of the virtual currency Bitcoin (File Photo / REUTERS)

business

Published on Nov 16, 2021 04:08 PM IST

Bloomberg | , Bitcoin, Cryptocurrency, Ether, Crypto

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crypto exchange news

Latest from crypto exchange

NORTHKOREA-CRYPTOCURRENCY/SOUTHKOREA (PIX):North Korea hackers behind 2019 $42 mln Ethereum heist, South Korea police say

The case for a non-US-control based international system of transactions is clear. The world needs to build pipelines

In May, Binance registered with FIU as exchange sought to resume operations in India after the watchdog issued show-cause notices to nine offshore exchanges.

Bitcoin remains about $23,000 below the record high the token hit in 2021, during a pandemic-era bull run oiled by easy money

ARK Invest started laying off its GBTC shares when Bitcoin first hit the $34,000 price mark in October

This article is authored by Winston Hsiao, co-founder and group chief revenue officer, XREX.

This article is authored by Ashim Sanyal, CEO & secretary, Consumer VOICE and Kaushal Mahan, vice president, Chase India.

This article is authored by Rajagopal Menon, vice president, WazirX.

Firms will head to friendlier waters

Limiting the FTX founder Sam Bankman-Fried’s access to a device that gained popularity when he was about three years old is the latest development in a fight over his communications. The functions on his phone will be restricted to voice calls and SMS text messages.

After founding FTX in 2019, Bankman-Fried rode a boom in the value of Bitcoin and other digital assets to attain an estimated $26 billion net worth. The exchange collapsed in November amid a flurry of customer withdrawals over concerns the exchange was commingling assets with Alameda.

Bitcoin, the largest cryptocurrency rose as much as 2.1% to $22,786, the highest level since August 18. It also had strong gains over Friday and Saturday last weekend. Second-ranked Ether advanced as much as 2.4% to levels not seen since September.

FTX's implosion has heightened the need for more trustworthy, regulated cryptocurrency players, and big banks see an opportunity to pick up business, Mathew McDermott, Goldman's head of digital assets, told Reuters.

The most expensive purchase was a $30 million penthouse at the Albany, a resort where Tiger Woods hosts a golf tournament every year. FTX Property Holdings Ltd, an FTX unit, bought 15 properties worth nearly $100 million in 2021 and 2022.

The tweets, published at sporadic intervals, have combined apologies for former CEO's failings with his perspective on what went wrong at the companies he founded and ran.

Finance minister Nirmala Sitharaman on Tuesday announced a 30 per cent tax on any income from the transfer of virtual digital assets, specifying that no deductions and exemptions will be allowed.

The study has been authored by Megha Bal, Shweta Venkatesan and Varun Ramdas

Ether, the second-largest token, fell as much as 17.4% before trimming the retreat to about 10%. The overall crypto sector has shed around a fifth of its value, sliding to $2.2 trillion, according to tracker CoinGecko.

According to the leading US economist, it is expected that such a neutral policy on cryptocurrency will lead the economy to a “middle way” – which is more permissive than the entrenched financial interests that do not want to see this disruptive innovation.

Transferring cryptocurrencies from one wallet to another is essentially no different from sharing files from one computer to the other, so a regulatory ban might not take away people's ability to send cryptocurrencies to each other. But it could complicate the process:

There seems to be no single factor driving the cryptocurrency crash this week, the phenomenon instead being caused by a multitude of factors ranging from “rising selling pressure, end of year profit-taking, as well as speculation”.

With its recent auction of a so-called nonfungible token (NFT), DW has ventured into what some believe could be the future world of finance. What has piqued our interest in trying out the much-vaunted technology?

The Taproot upgrade consists of three separate upgrade proposals. However, at its core, the upgrade introduces a new digital signature scheme called “Schnorr” that will help Bitcoin transactions become more efficient and more private.

The largest digital token, Bitcoin, dipped as much as 8.2% to $58,661. Second-ranked Ether tumbled more than 10%. The global crypto market cap has dropped some 10% in the past 24 hours to $2.7 trillion, according to tracker CoinGecko.

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