crypto industry

The crypto sector, that currently stands at a valuation of $1.06 trillion (roughly Rs. 87,20,946 crore), is undergoing a period of slump. This comes in the backdrop of the US SEC cracking down on crypto players over charges of legal…

On Monday, the U.S. Securities and Exchange Commission took aim at the most powerful man in crypto.The SEC accused Binance founder Changpeng Zhao of operating a “web of deception," charging him and his exchange with 13 offences.These ranged…

The Indian government's recent move to bring crypto assets under the anti-money laundering laws has significant implications for the crypto industry. Enacted in 2002, the PMLA aims to prevent money laundering and seize property derived from…

File photo of tokens representing cryptocurrencies. | Photo Credit: Reuters Venture capital firm Andreesen Horowitz (A16Z) has introduced a tool to measure technical advances in the crypto industry. The index-style tool aims to look at…

Crypto-focused bank Silvergate Capital Corp said on Thursday it planned to wind down operations and voluntarily liquidate after it was hit with losses following the dramatic collapse of crypto exchange FTX.The decision to shutter the bank…

Federal appellate court judges are set to hear arguments on Wednesday in the Grayscale Investments' case against the US Securities and Exchange Commission (SEC) over the agency's rejection of the crypto asset manager's application to create…

US payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook faith in the industry, people familiar with the matter told Reuters.The crypto…

Cryptocurrency executives hoped that 2023 would herald a new beginning after a year of disastrous setbacks. Instead, the industry has found itself on the receiving end of an aggressive government crackdown.Last month, the Securities and…

A rationalised tax regime tops the list of demands put forth by gaming and cryptocurrency firms ahead of the upcoming budget, industry sources told us.Also in this letter:■ Govt urged to mandate local storage of Indians’ data■ Govt plans…

The chief executive of dominant cryptocurrency exchange Binance called for new but stable and clear regulations for the industry in light of recent developments and participants "cutting corners". "We're in a new industry, we've seen in the…