FTX has reached an agreement to sell its crypto derivatives platform LedgerX to an affiliate of Miami International Holdings for $50 million (roughly Rs. 400 crore), the bankrupt crypto exchange said on Tuesday. FTX will seek US bankruptcy court approval for the sale at a May 4 hearing. “We are pleased to reach this agreement … Read more
The officials of the Enforcement Directorate (ED) have raided HPZ Token and frozen around Rs. 92 crores. The raids were conducted in Gurugram, Mumbai, and Bengaluru on Monday. The HPZ Token was an App-Based Token that promised users significant gains against investment by investing in mining machines for Bitcoin and other cryptocurrencies, according to ED. … Read more
The European Parliament on Thursday overwhelmingly backed the European Union‘s first set of rules to regulate cryptoasset markets. Parliament voted by 517 in favour and 38 against to approve the world’s first comprehensive set of regulations for issuing and trading cryptoassets such as bitcoin. “This regulation brings a competitive advantage for the EU,” said Stefan … Read more
India and the UK on Wednesday discussed international developments regarding crypto assets and emphasised the importance of robust global approaches to deal with risks attached to this. At the India-UK 2nd Financial Markets Dialogue participants from both countries provided updates on recent developments in their respective banking sectors, discussing banking trends and emerging vulnerabilities and … Read more
A digital euro will offer choice in making payments and is not a “Big Brother” project that seeks to control people, the European Union‘s financial services commissioner Mairead McGuinness said on Wednesday. The European Central Bank has yet to decide if it will go ahead with introducing a digital euro, but McGuinness is due soon … Read more
Union Finance Minister Nirmala Sitharaman on Thursday said that there was a greater acceptance among Group of 20 (G20) member countries that any new regulations on the crypto assets need to be globally coordinated. “I am glad to say that there is a greater acceptance among all G20 members, that any action on crypto assets … Read more
Investors are finally set to gain access to more than $33 billion (roughly Rs. 2,70,900 crore) of ether this week under a planned revamp of the blockchain. A new software upgrade to the Ethereum blockchain, dubbed Shapella, will let market players redeem their “staked ether” – coins they have deposited and locked up on the … Read more
Cryptocurrency exchange operator Binance will close its Australian derivatives business after relinquishing a financial services licence on Thursday amid a regulatory probe into its operations. The Australian Securities and Investment Commission (ASIC) has been conducting a “targeted review” of Binance, first confirmed in February, when Binance said it had misclassified some retail investors as wholesale. … Read more
The Narcotics Control Bureau (NCB) has busted an international criminal gang that dealt in drugs using DarkNet and cryptocurrency with linkages in several countries as well as multiple states in India, sources said. The bureau is carrying out operations against drug cartels under the direct supervision of Union Home Minister Amit Shah, pursuant to Prime … Read more
Yet again, Twitter CEO Elon Musk is back with new updates for the micro-blogging site, and this time he has changed the iconic blue bird logo – which has served as a home button on the web version, with the “doge” meme of the Dogecoin cryptocurrency. Twitter users noticed the ‘doge’ meme, which is part … Read more