FTX

Ferrari Cuts-Off Blockchain Partner Ahead of F1 Season, Loses $55 Million: Here’s Why
Ferrari Cuts-Off Blockchain Partner Ahead of F1 Season, Loses $55 Million: Here’s Why

Ferrari had partnered with the Velas blockchain to bring NFT offerings for its fans.

Genesis Crypto Broker Negotiating in Bad Faith, Co-Founder Cameron Winklevoss Says in Open Letter
Genesis Crypto Broker Negotiating in Bad Faith, Co-Founder Cameron Winklevoss Says in Open Letter

Genesis stopped customer withdrawals in November, after major crypto exchange FTX collapsed.

RBI Suggests Common Approach to Crypto Assets to Avoid Potential Financial Risks
RBI Suggests Common Approach to Crypto Assets to Avoid Potential Financial Risks

The collapse and bankruptcy of the crypto exchange FTX have highlighted the inherent vulnerabilities in the crypto ecosystem.

Indian DeFi-Enthusiasts Call FTX Collapse ‘Good on Macro Level’, Here’s Why
Indian DeFi-Enthusiasts Call FTX Collapse ‘Good on Macro Level’, Here’s Why

As per Indian Web3 builders, this FTX collapse has led to the further finetuning of the global Web3 sector.

FTX Founder Sam Bankman-Fried Allowed $250 Million Bond, House Arrest
FTX Founder Sam Bankman-Fried Allowed $250 Million Bond, House Arrest

Sam Bankman-Fried, arrested in the Bahamas last week, was flown to New York late Wednesday after deciding not to challenge his extradition.

Private Cryptocurrencies' Growth Can Precipitate Next Financial Crisis: RBI Governor
Private Cryptocurrencies' Growth Can Precipitate Next Financial Crisis: RBI Governor

On private cryptocurrencies like Bitcoin, Das reiterated the RBI's demand for a complete ban.

FTX's Sam Bankman-Fried Denied Bail in the Bahamas, Chances of Extradition to the US Increased, Experts Say
FTX's Sam Bankman-Fried Denied Bail in the Bahamas, Chances of Extradition to the US Increased, Experts Say

A judge ordered former FTX CEO Sam Bankman-Fried to be held at the Bahamas Department of Corrections until at least February 8.

FTX's Sam Bankman-Fried to Testify Before US House Committee Next Week
FTX's Sam Bankman-Fried to Testify Before US House Committee Next Week

FTX filed for bankruptcy last month and Sam Bankman-Fried stepped down as chief executive.

FTX Collapse: Sam Bankman-Fried Reportedly Faces Market Manipulation Inquiry by US Prosecutors
FTX Collapse: Sam Bankman-Fried Reportedly Faces Market Manipulation Inquiry by US Prosecutors

US prosecutors are looking into whether Sam Bankman-Fried controlled the prices of two interlinked currencies, TerraUSD and LUNA.

Coinbase Says Apple's App Store Blocked Its App Release on NFTs in Wallet
Coinbase Says Apple's App Store Blocked Its App Release on NFTs in Wallet

Coinbase's issue with Apple comes at difficult time for the crypto exchange, whose shares are down roughly 80 percent so far this year.

BTC Worth $2 Billion Moved by Binance Into Unknown Wallet in FTX-Downfall Aftermath
BTC Worth $2 Billion Moved by Binance Into Unknown Wallet in FTX-Downfall Aftermath

The crypto exchange stirred some controversy after it was identified to have moved BTC 127,000 in one transaction to an ‘anonymous’ wallet.

Binance to Establish Industry Recovery Initiative to Invest in Digital Sector Companies
Binance to Establish Industry Recovery Initiative to Invest in Digital Sector Companies

Binance said it intends to ramp up its commitment amount to $2 billion (nearly Rs. 16,340 crore) in the near future depending on need.