Indian Finance Minister Nirmala Sitharaman and US Treasury Secretary Janet Yellen discussed strengthening multilateral development banks, global debt vulnerabilities and crypto assets on the sidelines of the G20 finance chiefs meeting on Thursday, the finance ministry said. Yellen is expected to brief reporters later in the day and take part in…
Amazon could be gearing up to foray into the digital assets industry in 2023. The e-commerce giant is reportedly set to launch an NFT initiative this April that would be closely integrated with its mother platform. NFTs, or Non-Fungible Tokens, are digital collectibles, that are built on blockchains that transfer…
Crypto giant Binance processed almost $346 million (roughly (Rs. 2,900 crore) in Bitcoin for the Bitzlato digital currency exchange, whose founder was arrested by US authorities last week for allegedly running a “money laundering engine,” blockchain data seen by Reuters show. The Justice Department on January 18 said it charged Bitzlato’s…
Bankrupt crypto exchange FTX is looking into the possibility of reviving its business, Chief Executive Officer John Ray told the Wall Street Journal on Thursday. Ray, who took over the reins in November, has set up a task force to explore restarting FTX.com, the company’s main international exchange, he said…
The US Securities and Exchange Commission (SEC) has filed a limited objection to Binance.US’s proposed $1 billion (roughly Rs. 8,250 crore) acquisition of bankrupt cryptocurrency lender Voyager Digital, a bankruptcy court filing showed on Wednesday. The regulator pointed out the failure to include necessary information in Binance.US’s disclosure statement. It…
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…
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