
FTX fallout: Crypto exchange BlockFi files for bankruptcy, Bitfront to shut shop
Through the bankruptcy, the company has sought protection to restructure, settle its debts and recover money from investors.
Through the bankruptcy, the company has sought protection to restructure, settle its debts and recover money from investors.
The development comes as the crypto exchange is undergoing investigation for financial discrepancies with millions of customers’ funds missing from the crypto exchange.
Despite being the IT powerhouse of the world, lack of digital legislation has put the country's cyber defence under threat.
Changpeng Zhao claims that the WazirX acquisition deal was never closed.
The new fund will invest in projects that can extend the use cases of cryptocurrencies and drive the adoption of Web3 and blockchain technologies.
The proposed reverse charge, which is yet to be rolled out, could be taxed at 18% on the commission earned through transactions on foreign crypto exchanges.
Unlike the stock market where stocks are held in a demat with a depository and have no broker risk, crypto with exchanges carry a risk, cautions Nithin Kamath
CoinDCX aims to triple its talent pool to over 1,000 employees by the end of 2022 to build Web3 and blockchain adoption in India.
ZebPay, for instance, offers a bank fixed-deposit like product where crypto investors can lend their cryptos for a fixed number of days to earn fixed guaranteed returns.
The Advertising Standards Council of India (ASCI) has come out with a disclaimer for crypto ads to protect investor interests.