Coinbase has been fined $3.5 million (roughly Rs. 30 crore) in the Netherlands. The Dutch central bank has served the crypto exchange with a legal notice for offering crypto services in Netherlands without completing the required procedures, including registration. In May 2020, the Netherlands mandated crypto-related companies to register as…
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…
Sam Bankman-Fried accused Binance boss Changpeng “CZ” Zhao of waging a lengthy campaign to destroy his crypto empire on Thursday while making yet another attempt to explain what led to FTX’s catastrophic bankruptcy. In a lengthy Substack post, the disgraced former FTX CEO alleged that Zhao’s “fateful tweet” on Nov….
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…
Sam Bankman-Fried is battling to keep a $450 million stake in retail stock Robinhood that FTX’s new boss is trying to claw back from the indicted crypto huckster, according to court records. The ousted FTX founder claims he is entitled to the assets listed under Emergent Fidelity Technologies, a holding…
The cryptocurrency entrepreneur Sam Bankman-Fried can post $250 million (nearly Rs. 2, 070 crore) bond and live in his parents’ home in California while he awaits trial on charges that he swindled investors and looted customer deposits on his FTX trading platform, a judge said Thursday. Assistant US Attorney Nicolas Roos…
Former FTX Chief Executive Sam Bankman-Fried is expected to appear in court in the Bahamas on Monday to reverse his decision to contest extradition to the United States, where he faces fraud charges, a person familiar with the matter said on Saturday. The 30-year-old cryptocurrency mogul was indicted in federal…
Mazars, the auditing firm working with major cryptocurrency exchange Binance, has paused all work for clients in the crypto industry, news outlet Coindesk reported on Friday, citing an emailed statement from Binance. “Mazars has indicated that they will temporarily pause their work with all of their crypto clients globally, which…
Bitcoin’s price has fared better over the past few days but hasn’t quite managed to break past the psychologically important $17,000 (roughly Rs. 13.8 lakh) level, even though the wider market appears to have turned a corner after the collapse of FTX. As things stand, Bitcoin is down by close…
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