Dive into the tech & future
Cryptocurrency exchange Kraken is under investigation by the US Securities and Exchange Commission for the sale of unregistered securities, according to a Bloomberg report. The regulator’s inquiry is at an advanced stage and could result in a settlement with the San Francisco-based platform in the coming days, the report added. Kraken declined to comment on … Read more
Bitcoin is set for its best January since 2013 on bets that monetary tightening and the crypto-sector crisis are both ebbing. The largest token is up over 40 percent since the turn of the year, a first-month gain bettered only twice before when crypto was in its infancy. Smaller coins like Solana, Axie Infinity and … Read more
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 their complete ownerships to the … Read more
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 co-founder and majority shareholder Anatoly … Read more
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 in an interview with the … Read more
Minister of State for Electronics and Information Technology Rajeev Chandrasekhar on Thursday said there was no issue with cryptocurrencies in India if all laws are followed, in remarks that contradicted the Reserve Bank of India’s view advising investors to stay away from crypto. India has been trying to come up with regulation for cryptocurrencies, with … Read more
As the global economy slows down companies have been laying off employees left, right, and centre. On top of that, the FTX scandal has made things especially hard for crypto companies that have laid down a sizeable chunk of their staff. Joining the list, Crypto.com recently fired around 20% of its employee base.This is the … Read more
Google‘s parent company Alphabet is laying off employees amid global macroeconomic conditions. The job cut has affected 40 employees, or 20% of its total workforce, working in the company’s robot software firm Intrinsic.As per a report in TechCrunch, the company’s “Other Bets” division is the first to be impacted in the technology conglomerate. A company … Read more
Lawyers handling the bankruptcy of FTX, the cryptocurrency giant co-founded by Sam Bankman-Fried, said Wednesday they had recovered $5 billion (roughly Rs. 40,780 crore) in assets in their efforts to salvage funds from the failed firm. FTX, once the world’s highest profile crypto exchange, collapsed spectacularly in November leaving nine million customers in the lurch and … Read more
US-based cryptocurrency exchange Coinbase is closing the bulk of its operations in Japan as part of a move to adjust international investment amid a slump in the digital-asset sector. The shift comes as the firm cuts 20 percent of its workforce globally, the latest layoffs at the San Francisco-headquartered firm. Coinbase is scaling back in … Read more