Dive into the tech & future
Even by the extreme standards of cryptocurrency trading, the past few weeks have been a wild ride for Binance, the world’s biggest exchange for crypto assets. After the collapse of its rival FTX in a hail of allegations of fraud and criminality last month, trust in the entire sector has crumbled. Customers pulled more than … Read more
Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday warned that the next financial crisis will come from private cryptocurrencies adding that he still holds the view that cryptocurrencies should be prohibited. The governor of the country’s central bank also added that cryptocurrencies have no underlying value and pose risks for macroeconomic and financial stability. … Read more
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 court in Manhattan on Tuesday … Read more
FIFA World Cup 2022 is in its last stages. Argentina will face old foes France on Sunday (December 18) in the finals. Since the very start of FIFA World Cup 2022 in November, emotions have touched new highs and, unfortunately, so have the cybercrimes related to this global sports event. Scores of reports urged fans … Read more
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 include Crypto.com, KuCoin, and Binance. … Read more
Lawyers for the bankrupt crypto exchange FTX will square off in court on Wednesday to fight a demand for internal records from an insolvent affiliate based in the Bahamas as the two wrestle over scraps of the once high-flying business. In Wednesday’s emergency hearing, liquidators of FTX’s Bahamian business will ask US Bankruptcy Judge John … Read more
The US Securities and Exchange Commission charged disgraced cryptocurrency tycoon Sam Bankman-Fried on Tuesday with defrauding customers out of billions of dollars, a day after he was arrested in the Bahamas at the request of the United States. “Today we are holding Mr. Bankman-Fried responsible for fraudulently raising billions of dollars from investors in FTX … Read more
Tulips and Bitcoin have both been associated with financial bubbles in their time, but in a giant greenhouse near Amsterdam the Dutch are trying to make them work together. Engineer Bert de Groot inspects the six Bitcoin miners as they perform complex sums to earn cryptocurrency, filling the air with a noisy whine along with … Read more