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.

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

This week, the private API keys of around 100,000 crypto users were leaked on public domains.

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

Binance paused withdrawals of a major stablecoin for a certain period on Monday, blaming delays in the traditional banking system.

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.

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’

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

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

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

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

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.

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