Blockchain & crypto news from India
The effects of FTX’s failure were far more severe than anticipated. The market was also impacted by the subsequent hack. The stolen cash were being relocated, albeit it’s still unclear what exactly happened during the hack. Huge sums of money from the $447 million in stolen money have been moving about over the last few…
After declaring bankruptcy just hours earlier, hundreds of millions of dollars were siphoned off the cryptocurrency exchange, worsening the fall of FTX, already one of the most spectacular financial disasters in history. Late on Friday, more than $600 million was stolen from FTX’s cryptocurrency wallets. Soon after, FTX announced that it had been compromised in…
According to Lisa Braganca, a former enforcement branch chief at the U.S. Securities and Exchange Commission, the failure of FTX may prompt more calls for regulation on Capitol Hill, but she is skeptical that Congress will take any action. During an appearance on CoinDesk’s “First Mover” program on Wednesday, Braganca stated, “I have serious doubts…
The fallout of FTX debacle has sent out red alerts in the crypto trading world, and the stress now is on holding one’s own digital assets in wallets rather than keeping them on exchanges. Trading exchanges have gone a knee-jerk reaction, revealing their owned assets in what are called proof of reserves. Holding one’s crypto…
The FTX debacle dominates social media crypto channels. The story unfolded with a little news report with a long title on CoinDesk, which reported that the two parts of Sam Bankman-Fried’s “crypto empire” – FTX and Alameda Research had a meeting point – the latter’s balance sheet. It said “Much of it is the FTT…
Updated: Nov 14, 2022 Until a few weeks ago, FTX was making waves with its sports sponsorships. The latest visuals came from the ongoing World Cup T20 cricket tournament in Australia. What has recently emerged from the debacle of FTX was, if we believe it to be true, a comical goof-up – a “poor internal…
In order to allow users to trade, buy, and hold more than 60 different cryptocurrencies on the exchanges, the largest cryptocurrency exchange in Eastern Europe, Zonda, has announced its expansion to Denmark. As part of its vision to rule the continent, Zonda, one of the biggest cryptocurrency trading platforms in Eastern and Central Europe, recently…
Ethereum, the primary blockchain backing Ether, is declaring a grand update, aiming to decrease the enormous energy consumed in Ether mining by 99.95 percent. In addition, the company announced a move to Proof-of-Stake (PoS) mechanism away from the existing Proof-of-work (PoW). For the uninformed, Blockchain is a virtual circulated database that records every transaction, making…
Twitter CEO pushes for open, decentralized exchange for BTC High volatility has been a major concern for traders and investors in the crypto space. Despite the fluctuation in prices, especially Bitcoin(BTC) price; the need to adopt cryptocurrency hasn’t reduced with institutions pooling up funds in order not to be left behind in the space and…
The stereotypical decentralized nature of crypto in contrast to the well-regulated stock exchange is a huge incentive for investors: they can operate free of regulatory rules that is the hallmark of stock exchanges. But how do crypto exchanges work? Here are some of the main features of crypto exchanges. A crypto exchange is simply a…