In a dramatic turn of events, Sam Bankman-Fried, formerly one of the cryptocurrency world’s most prominent figures and the founder of FTX, has been found guilty of fraud and money laundering following a month-long trial in New York. The verdict marks a significant fall from grace for the 31-year-old entrepreneur, who was once known as … Read more
The cryptocurrency entrepreneur Sam Bankman-Fried can post $250 million (nearly Rs. 2, 070 crore) bond and live in his parents’ home in California while he awaits trial on charges that he swindled investors and looted customer deposits on his FTX trading platform, a judge said Thursday. Assistant US Attorney Nicolas Roos said in the US … Read more
Mumbai: India’s central bank chief today warned that the next financial crisis will come from private cryptocurrencies adding that he still holds the view that cryptocurrencies should be prohibited. READ | RBI issued new guidelines regarding UPI transactions, check here guideline Reserve Bank of India governor Shaktikanta Das also added that cryptocurrencies have no underlying … Read more