The collapse and bankruptcy of the crypto exchange FTX have highlighted the inherent vulnerabilities in the crypto ecosystem.
This week, the private API keys of around 100,000 crypto users were leaked on public domains.
Coinbase says it received 44 requests from authorities in India.
Binance paused withdrawals of a major stablecoin for a certain period on Monday, blaming delays in the traditional banking system.
Coinbase says it received 44 requests from authorities in India.
The crypto exchange stirred some controversy after it was identified to have moved BTC 127,000 in one transaction to an ‘anonymous’ wallet.
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.
With self-custodial wallets, users are not reliant on any crypto exchange or wallet provider to save their private keys in their own systems.
BlockFi has done so given the lack of clarity on the status of FTX.
John J Ray III has been appointed to take over as CEO from Bankman-Fried, the statement said.
Customers will still be able to receive payouts from crypto exchanges into their accounts.
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.