![RBI Suggests Common Approach to Crypto Assets to Avoid Potential Financial Risks RBI Suggests Common Approach to Crypto Assets to Avoid Potential Financial Risks](https://media.starbiz.net/41/2022/12/thumbs/63ae70b241d0f_380x168.jpg)
The collapse and bankruptcy of the crypto exchange FTX have highlighted the inherent vulnerabilities in the crypto ecosystem.
![Crypto Criminals Not on Holiday, Scams Like 3Commas and ‘Pig Butchering’ Continue to Strike Crypto Criminals Not on Holiday, Scams Like 3Commas and ‘Pig Butchering’ Continue to Strike](https://media.starbiz.net/41/2022/12/thumbs/63ae6d41b6226_380x168.jpg)
This week, the private API keys of around 100,000 crypto users were leaked on public domains.
![Coinbase Records 66 Percent Hike in Requests from Global Investigative Agencies in 2022: All Details Coinbase Records 66 Percent Hike in Requests from Global Investigative Agencies in 2022: All Details](https://media.starbiz.net/41/2022/12/thumbs/63a7d6a466d8c_380x168.jpg)
Coinbase says it received 44 requests from authorities in India.
![Binance Proof-of-Reserves Auditor Mazars Pauses Work Temporarily for Crypto Clients: Report Binance Proof-of-Reserves Auditor Mazars Pauses Work Temporarily for Crypto Clients: Report](https://media.starbiz.net/41/2022/12/thumbs/639d757a2ee44_380x168.jpg)
Binance paused withdrawals of a major stablecoin for a certain period on Monday, blaming delays in the traditional banking system.
![Coinbase Records 66 Percent Hike in Requests from Global Investigative Agencies in 2022: All Details Coinbase Records 66 Percent Hike in Requests from Global Investigative Agencies in 2022: All Details](https://media.starbiz.net/41/2022/12/thumbs/63997da7ac7df_380x168.jpg)
Coinbase says it received 44 requests from authorities in India.
![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](https://media.starbiz.net/41/2022/11/thumbs/6386eeb532100_380x168.jpg)
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](https://media.starbiz.net/41/2022/11/thumbs/6380675f8b4c7_380x168.jpg)
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.
![Changpeng Zhao, Michael Saylor Hail Self Custody of Crypto as ‘Fundamental Human Right’ Changpeng Zhao, Michael Saylor Hail Self Custody of Crypto as ‘Fundamental Human Right’](https://media.starbiz.net/41/2022/11/thumbs/6371ea6735b93_380x168.jpg)
With self-custodial wallets, users are not reliant on any crypto exchange or wallet provider to save their private keys in their own systems.
![Crypto Lender BlockFi Pauses Withdrawals Amid FTX, Alameda Research Liquidity Crisis Crypto Lender BlockFi Pauses Withdrawals Amid FTX, Alameda Research Liquidity Crisis](https://media.starbiz.net/41/2022/11/thumbs/636f11e4e7f70_380x168.jpg)
BlockFi has done so given the lack of clarity on the status of FTX.
![FTX Files US Bankruptcy Proceedings, Sam Bankman-Fried Steps Down as CEO FTX Files US Bankruptcy Proceedings, Sam Bankman-Fried Steps Down as CEO](https://media.starbiz.net/41/2022/11/thumbs/636f10ae5ebca_380x168.jpg)
John J Ray III has been appointed to take over as CEO from Bankman-Fried, the statement said.
![Santander UK Limits Crypto Transfers to Exchanges in Bid to Safeguard Customers Santander UK Limits Crypto Transfers to Exchanges in Bid to Safeguard Customers](https://media.starbiz.net/41/2022/11/thumbs/6369e360e9cde_380x168.jpg)
Customers will still be able to receive payouts from crypto exchanges into their accounts.
![Bitcoin, Ether Hold Ground While Altcoins Stay Resilient Even as Macro Developments Unfold Bitcoin, Ether Hold Ground While Altcoins Stay Resilient Even as Macro Developments Unfold](https://media.starbiz.net/41/2022/11/thumbs/6368724ea34e6_380x168.jpg)
Bitcoin value has lingered lower on Thursday as the aftermath of the Federal Reserve interest rate hike subsided with bulls successfully defending support at $20,000 (roughly Rs. 16.55 lakh) while bears have reinforced resistance at $20,550 (roughly Rs. 17 lakh). As things stand, the value of Bitcoin is up by 0.98 percent in the last 24 hours with its price now around the $20,400 (roughly Rs. 16.88 lakh) mark across global exchanges while Indian exchanges like CoinDCX value BTC at $21,295 (roughly Rs. 17.62 lakh), which is 0.44 percent lesser than what the crypto asset was valued on Thursday morning.