Crypto regulations are required to avoid systemic risks. But how we classify them matters

In my view, cryptos are the fastest wealth creators in the history of mankind, creating $2-$3 trillion in the 10 years since bitcoin was launched in 2009. Today, it is one of the most talked about asset classes – or should I say an enigma. To use this asset and enjoy its benefits as part … Read more

CEO says Binance could raise ‘a few hundred million’ in US funding

Bangalore: CEO Changpeng Zhao said on Friday that the US arm of Binance could raise “a few hundred million” dollars in a funding round that closes in a month or two, and the global cryptocurrency exchange has also decided on its new headquarters. Speaking at the Bloomberg New Economy Forum in Singapore, Zhao said the … Read more

Bitcoin heads for worst week in months as Mt Gox payouts loom

SYDNEY: Bitcoin fell to a one-month low on Friday and headed for its worst week in six months as traders booked profits from a protracted rally and panicked over hopes that collapsed crypto exchange Mt. Gox’s creditors can liquidate their payments. Bitcoin, the largest cryptocurrency by market cap, was down 1.6% in Asia by mid-session … Read more

WazirX, Bitbns Ban Crypto Ads

Amid discussions of a potential regulatory clampdown on the cryptocurrency sector, crypto exchanges WazirX and BitBans have decided to abstain from rolling out advertisements. Founder Nischal Shetty told ET that WazirX has stayed away from print and television commercials to avoid luring users who are not virtual currency savvy. One of the largest exchanges in … Read more

Cryptocurrency is here to stay, needs regulation: Experts on parliamentary panel

Industry experts and associations informed the Parliamentary Committee on Finance that cryptocurrency is here to stay, and the challenge is to find ways to regulate it, an idea supported by some members of the panel who expressed concern over its misuse. Experts said the government should decide how to regulate cryptocurrencies. The Parliamentary Standing Committee … Read more

Crypto Finance: Jayant Sinha-led cross panel to gather views from crypto exchanges, stakeholders

Representatives from crypto exchanges, Block Chain and Crypto Assets Council (BACC), industry bodies and other stakeholders will make their submissions on crypto finance before a parliamentary panel headed by BJP leader Jayant Sinha on Monday. This will be the first meeting on the subject to be convened by the Parliamentary Standing Committee on Finance, which … Read more

As crypto prices rise, cybercriminals target exchanges

One of the oldest and largest cryptocurrency exchanges in the country, Zebpay experiences two Distributed Denial of Service (DDoS) attacks every month, when cybercriminals overload the exchange’s systems to disrupt the service or protect the platform. Let’s spy for vulnerabilities. That’s the simple part. Zebpay and other major exchanges have found that the most serious … Read more

Crypto exchanges want the government to define different crypto assets

Crypto exchanges are lobbying for a definition of different types of crypto assets, while the government is looking to introduce a cryptocurrency bill in parliament this budget session, people with direct knowledge of the matter said. The current plan of the government includes creating a comprehensive framework around crypto assets that will make them legally … Read more

Crypto exchanges want the government to define different crypto assets

Crypto exchanges are lobbying for a definition of different types of crypto assets, while the government is looking to introduce a cryptocurrency bill in parliament this budget session, people with direct knowledge of the matter said. The current plan of the government includes creating a comprehensive framework around crypto assets that will make them legally … Read more