Binance’s $1 billion (roughly Rs. 8,275 crore) acquisition of bankrupt crypto lender Voyager Digital could be delayed or blocked by a US national security review, according to a Friday bankruptcy court filing. The crypto exchange’s US-based affiliate Binance.US intends to buy Voyager’s crypto lending platform with a bid that includes…
Collapsed crypto exchange FTX outlined a “severe liquidity crisis” in US bankruptcy filings, which said the group could have more than 1 million creditors, as regulators opened probes and the crypto pain spread with the Wall Street Journal reporting BlockFi was planning layoffs and a possible bankruptcy filing. FTX’s late…
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following a series of “unauthorised transactions”, with analysts saying millions of dollars worth of assets had been withdrawn from the platform.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…
Singapore is exploring the use cases of blockchain technology to get its fintech sector ready for a futuristic revamp. The Monetary Authority of Singapore (MAS) has partnered with multinational banks Standard Chartered and HSBC to dive deeper into the use-cases of tokens in trade finance and wealth management. Two pilot…
Binance, the world’s largest crypto exchange that has invested $500 million into Elon Musk’s buyout of Twitter, is creating a team to work on how blockchain and crypto could be helpful to Twitter, the company’s spokesperson said on Friday. As one of Elon Musk’s equity co-investors to fund his $44…
Huobi Global’s controlling shareholder Leon Li has sold his entire stake in the cryptocurrency exchange operator and will cease to be involved in its operations, according to the company. Li sold his holding in Huobi to a buyout firm managed by About Capital Management (HK)Co., the company said in an…
Indian government’s restrictive approach towards the crypto sector has hindered, but not been able to entirely fail its expansion in the tech-friendly sub-continent. In a new report, KuCoin crypto exchange has claimed that India currently has over 115 million crypto investors, making for 15 percent of its massive population. Majority…
Dutch authorities on Friday said they had arrested a 29-year-old man believed to be a developer for the crypto mixing service Tornado Cash, which the United States put on its sanctions list this week. The US sanctions announced on Monday followed allegations that Tornado Cash was helping conceal billions in capital flows,…
The government will soon finalise a consultation paper on cryptocurrencies with inputs from various stakeholders and institutions, including the World Bank and the IMF, Economic Affairs Secretary Ajay Seth said on Monday. He also underlined the need for a global response to deal with issues concerning cryptocurrencies as these operate…
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