 | Indian-origin engineer at FTX pleads guilty to fraud chargesSingh is the third top executive and close confidante of FTX founder Sam Bankman-Fried to plead guilty and cooperate with prosecutors. The Securities and Exchange Commission charged Singh on Tuesday. |
 | Budget 2023: Govt to clarify taxation on online gaming; no mention of cryptocurrencyMany new-age gaming start-ups have been launched in the last few years and at present 18% tax is being levied on commissions collected by these online platforms for games. |
 | Economic Survey stresses common approach to crypto regulationThe survey also said that international fora like OECD (Organisation for Economic Co-operation and Development) and G20 are discussing a globally coordinated approach to regulate crypto assets. |
 | Crypto exchange Gemini to reduce 10 per cent of workforce'Persistent negative macroeconomic conditions and unprecedented fraud perpetuated by bad actors in our industry have left us with no other choice,' Gemini's President said. |
 | Crypto firms acted like banks, then collapsed like dominoesThe biggest drawback to crypto lending is the lack of safeguards. There is no deposit insurance, government stopgap, or even a privately run entity to protect depositors if crypto banks were to fail. |
 | Twitter working on in-app currency to help creators earnHowever, it is still unclear when the platform will launch this new in-app feature. |
 | What’s in store for cryptos in 2023 after massive fall in 2022?Events like failure of Luna and collapse of exchanges including FTX, Celcius, Three Arrows, Vauld jolted the investors’ confidence. |
 | Kerala: Bank credits over Rs 2 crore to wrong account; user held for diverting fundThe bank authorities said the glitch happened as the bank was working on a merger with another major bank and software updations were underway. |
| Cryptocurrency: Delhi leads with highest adoption amid RBI governor's warningThe crypto unicorn's report on 'How India invests in crypto 2022' says that the platform has 19 million crypto users, of which only 8% are women. About 45% of its users are between 18 and 25 years. |
 | Crypto could cause next financial crisis: RBI governorThe comments close out a challenging year for India's millions of crypto owners, who are already reeling from a global market collapse and steep domestic taxes. |
| Lawmakers quick to unload FTX founder's contributionsMany of the recipients of Bankman-Fried's cash were quick to respond, stressing that they had already donated or plan to send the money to charity. |
 | Senate crypto hearing yields big claims, possible regulationLummis, like several other Republicans on the banking committee, said the alleged financial crimes of former FTX CEO Sam Bankman-Fried should not be used to target cryptocurrency more generally. |
 | FTX’s Bankman-Fried charged by US for ‘scheme’ to defraudAmong the revelations, FTX is suspected of fraud for propping up Alameda with billions of dollars in customer funds that are now likely lost forever. |
 | Cut TDS on crypto from 1 per cent to 0.01 per cent: IndustrySince July 1 transfer of virtual digital assets (VDAs) such as cryptos have been attracting 1% TDS under section 194S of the Income tax Act. |
 | 'Available data on crypto is misleading', says RBI Deputy GovernorThe deputy governor also batted for the formulation of an initiative modelled after the Organisation for Economic Co-operation and Development's (OECD's) Crypto-Asset Reporting Framework. |
| FTX collapse: US asks companies to disclose exposure to beleaguered crypto firmsThe US House Financial Services Committee is probing the controversial collapse of the crypto exchange that wiped out billions of investors' money. |
 | BlockFi files for bankruptcy, latest crypto company to failNew Jersey-based BlockFi had been struggling for much of this year but was given a lifeline this summer in the form of an FTX line of credit. |
 | Hackers demand Rs 200 crore in cryptocurrency from AIIMS-Delhi as server remains down for 6th dayA case of extortion and cyber terrorism was registered by the Intelligence Fusion and Strategic Operations (IFSO) unit of the Delhi Police on November 25. |
 | USD 740M in crypto assets recovered in FTX bankruptcy so farThe assets recovered include not only bitcoin and Ethereum but also a collection of minor cryptocurrencies that vary in popularity and value, such as the Shiba Inu coin. |
 | PM Modi says digital currencies being used to fund terror"New kinds of technology are being used for terror funding and recruitment. Challenges from the dark net, private currencies and more are emerging," Modi said. |
