In less than a week, cryptocurrency billionaire Sam Bankman-Fried went from industry leader to industry villain, lost most of his fortune, saw his $32 billion company plunge into bankruptcy and became the target of investigations by the Securities and Exchange Commission and the Justice Department. But in a wide-ranging interview Sunday that stretched past midnight, […]
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The crypto business is facing turbulent times with crypto winter hitting and forcing them to shut down operations and put a freeze on hiring. Crypto markets are struggling to thrive after repeated ‘black-swan’ events such as the Luna Terra crash, higher interest rates by Feds coupled with regulatory uncertainty and investors pulling away from the […]
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Cryptocurrency exchange Bitbns has announced zero tax deduction at source (TDS) for its users who have invested in systematic investment plans (SIP). This development comes as crypto investors disappear from Indian crypto exchanges post July 1, after the crypto TDS (tax) was implemented. Crypto SIP is similar to regular SIP in mutual funds, allowing one […]
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Cryptocurrency lender Nexo plans to buy fellow lender Vauld, it said on Tuesday, the latest sign of consolidation in the digital currency industry as prices tumble. Nexo, which is based in London, said it would buy up to 100% of Vauld and “reorganize its future operations with the aim to accelerate its deeper presence in […]
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Binance said on Friday its legal entity in Italy had registered with the regulator in the country, as the major cryptocurrency exchange seeks to gain traction in Europe. The registration of Binance Italy, which was established in recent months, could potentially make the company more accountable and reduce the prospects for money laundering. Binance said […]
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Cryptocurrency exchange Coinbase’s new non-fungible-token (NFT) marketplace has failed to attract NFT fans and enthusiasts. On the first day of its launch fewer than 150 people traded on the platform, as per the data received from Dune Analytics. According to Dune Analytics, on May 5 when the platform was launched only 150 users traded on […]
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