Ferrari had partnered with the Velas blockchain to bring NFT offerings for its fans.
Genesis stopped customer withdrawals in November, after major crypto exchange FTX collapsed.
The collapse and bankruptcy of the crypto exchange FTX have highlighted the inherent vulnerabilities in the crypto ecosystem.
As per Indian Web3 builders, this FTX collapse has led to the further finetuning of the global Web3 sector.
Sam Bankman-Fried, arrested in the Bahamas last week, was flown to New York late Wednesday after deciding not to challenge his extradition.
On private cryptocurrencies like Bitcoin, Das reiterated the RBI's demand for a complete ban.
A judge ordered former FTX CEO Sam Bankman-Fried to be held at the Bahamas Department of Corrections until at least February 8.
FTX filed for bankruptcy last month and Sam Bankman-Fried stepped down as chief executive.
US prosecutors are looking into whether Sam Bankman-Fried controlled the prices of two interlinked currencies, TerraUSD and LUNA.
Coinbase's issue with Apple comes at difficult time for the crypto exchange, whose shares are down roughly 80 percent so far this year.
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.