The recent collapse of the crypto exchange FTX and the ensuing sell-off in the crypto markets have placed a spotlight on the vulnerabilities in the crypto ecosystem, the Economic Survey 2022-23 presented in Parliament said on Tuesday. Crypto assets are self-referential instruments and do not strictly pass the test of being a financial asset because it has no intrinsic…

FTX, the crypto exchange that collapsed last year, has sued bankrupt crypto lender Voyager digital as it seeks to regain millions in loan repayments. The company says loan repayments made last year are eligible to be clawed back and potentially used to repay other FTX creditors, as they were made so close to FTX’s own bankruptcy filing, according to the exchange’s c…

Sam Bankman-Fried’s bail guarantors’ names should be made public, US District Judge Lewis Kaplan in Manhattan ruled on Monday. The former FTX CEO has been confined at his parents’ home in California, after pleading not guilty to fraud for allegedly looting billions of FTX customers’ dollars.

Sam Bankman-Fried’s lawyers on Saturday urged a US judge not to ban the indicted FTX cryptocurrency executive from communicating with former colleagues as part of his bail, saying prosecutors “sandbagged” the process to put their client in the “worst possible light.”

Bitcoin 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 Decentraland have doubled in value, part of a $280 billion (roughly Rs. 22.8 lakh crore) January climb in digital assets overall, CoinGecko figures show.

Argo blockchain has been accused for misleading investors during its initial public offering (IPO) in 2021. Early investors of the Argo blockchain said that the developers behind this platform hid important information, like its struggle with risen electricity charges, from them. The lawsuit comes in the backdrop of Argo blockchain’s share price having tumbled down …

Coinbase has been fined by $3.5 million (roughly Rs. 30 crore) in Netherlands by De Nederlandsche Bank (DNB). The Dutch central bank has claimed that Coinbase was operational there without a registration for nearly two years, between November 2020 and August 2022.

Amazon is reportedly set to launch an NFT initiative in the next three months, linked to its mother website that is used by people around the world for day-to-day online shopping. Amazon’s plans to dabble in the Web3 space could have the platform encourage its customers to play games and earn NFTs as rewards.

The crypto market valuation dipped by 1.57 percent in the last 24 hours as several cryptocurrencies recorded losses on Friday, January 27. Bitcoin and Ether, along with Cardano, Polkadot, and Litecoin opened with losses. Zcash and New Coin, on the other hand, reeled-in gains.

India should consider lowering the 1 percent TDS imposed on cryptocurrency transactions, according to a joint report Chase India and Indus Law. The government, from April 1 last year, has brought in a 30 per cent income tax plus surcharge and cess on transfer of virtual digital assets (VDAs), including cryptocurrencies, like Bitcoin, Ethereum, Tether and Dogecoin, alo…