Binance, the cryptocurrency exchange firm, has announced the launch of a crypto asset storage called ‘Binance Mirror’ as investors return to the sector. The global crypto market cap has shown a significant recovery in the first three weeks of 2023, going from $800 billion (roughly Rs. 65,45,524 crore) to its…
Binance has successfully registered as a licenced financial institution in Sweden, the cryptocurrency exchange company announced on Wednesday. Swedish regulators have approved Binance Nordics AB to facilitate the management and trading of virtual currencies for its nationals. With this development, Sweden has become the seventh member state of the European…
To address potential financial stability risks and protect investors, it is important to arrive at a common approach to crypto assets, the Financial Stability Report released by RBI said on Thursday. In this context, various options are being considered internationally, it said. One option is to apply the same-risk-same-regulatory-outcome principle…
The crypto sector, thriving in several parts of the world, was struck with several hack and scam attacks this year. Even a couple of days before the industrially quaky year of 2022 ends, news and warning around crypto crimes have made it to the headlines. This week, the private API…
Binance Labs, the venture capital arm of the world’s largest cryptocurrency trading platform Binance exchange, has announced its strategic investment in NGRAVE, a Belgium-born Web3 crypto security service provider. The size of the investment was not revealed, but the Binance Labs will be leading the Series A funding round of…
At least $1 billion (nearly Rs. 8,050 crore) of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter. The exchange’s founder Sam Bankman-Fried secretly transferred $10 billion (nearly Rs. 80,500 crore) of customer funds from FTX to Bankman-Fried’s trading company Alameda Research,…
Collapsed crypto exchange FTX said on Saturday it was moving funds into offline storage following a series of “unauthorised transactions”, with analysts saying millions of dollars worth of assets had been withdrawn from the platform. FTX US general counsel Ryne Miller said in a tweet on Saturday that the exchange was…
Crypto exchange FTX filed US bankruptcy proceedings on Friday and Sam Bankman-Fried stepped down as CEO, after a rapid liquidity crisis at the cryptocurrency group that has prompted intervention from regulators around the world. The distressed crypto trading platform had been struggling to raise billions in funds to stave off collapse…
Crypto lending firm BlockFi has announced that it was “not able to operate business as usual,” citing a lack of clarity regarding FTX, FTX.US, and Alameda Research as the reason. The leading cryptocurrency lending platform says that until there is clarity, it will be limiting activity including pausing withdrawals. It…
Giottus, an Indian crypto exchange, has taken a bold step to mark its impression in the crypto sector and make it to the headlines. Amid silence from rival crypto exchanges on the subject, Giottus has said that it will provide proof of reserves in order to add another layer of…
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