CRYPTO TOP COP
SC stays govt’s fact-check unit; no CCI relief for Indian internet firms
The apex court has put on hold the Centre's notification on setting up a fact-checking unit. Details on this and more in today’s ETtech Top 5.
Sam Bankman-Fried's fraud trial: who are the key names?
Bankman-Fried, 31, has pleaded not guilty to charges of fraud and conspiracy over the November 2022 collapse of the FTX cryptocurrency exchange he founded three years prior. Here's who will play key roles during the trial.
Sam Bankman-Fried trial poses biggest test to date for crypto's top cop
The upcoming trial of Sam Bankman-Fried on fraud charges will be a major test for Manhattan's top federal prosecutor, Damian Williams, who has prioritized rooting out corruption in financial markets since taking office in 2021. Williams has brought several indictments against executives in the cryptocurrency space and high-profile fraud charges against individuals such as Charlie Javice, Bill Hwang, and Joe Lewis.
Bitcoin remained volatile this week owing to macroeconomic factors and lack of momentum
Beyond the SpaceX announcement, other influencing factors also have played a role in shaping up the recent market trends. One noteworthy factor is the waning interest in Bitcoin Exchange-Traded Funds (ETFs). Additionally, macroeconomic factors, such as global economic conditions and governmental policies, are exerting their influence on the cryptocurrency space
"FedEx" con scam: Family of the Brigadier (Retd) Army writes to the PMO, seeks intervention
A retired Brigadier from the Indian Army has fallen victim to a ‘drugs-con call scam’. The former officer's family has written to the Prime Minister's office requesting intervention and arguing that the case highlights the “alarming vulnerabilities within our financial system”. An amount of INR 4.47 crore was stolen in the scam.
Ex-CEO of Binance's US firm has enlisted lawyer for US investigations
Catherine Coley, who launched Binance.US in 2019 and left suddenly two years later, is being advised by James McDonald, now a partner at New York law firm Sullivan & Cromwell
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Sequoia closes largest India, SEA fund at $2.85B; concerns over proposed IT rules changes
The storied VC firm has now closed this fund, and will invest $2 billion of it in Indian startups and the remaining $800 million across Southeast Asia.
The latecomer's guide to cryptocurrency
Understanding crypto now - especially for skeptics - is important for a few reasons. The first is that crypto wealth and ideology is going to be a transformative force in our society in the coming years.
NFT sales hit $25 billion in 2021, but growth shows signs of slowing
While the most expensive known NFT sale was $69.3 million, a common price range was $100 to $1,000, NonFungible.com said.
NFT sales hit $25 billion in 2021, but growth shows signs of slowing
Prices of some non-fungible tokens, crypto assets representing a digital item such as an image, video, or even land in virtual worlds, rose so fast last year that speculators sometimes 'flipped' them for a profit within days.
Mind-boggling rally! Shiba Inu's euro version jumps 25,000% in a day
Euro Shiba Inu (ESHIB) has hit a high of $0.000000000076 from $0.000000000003 on Thursday. However, the token gave up the majority of its gains by 1.20 pm IST.
Ukraine wants to become the cryptocurrency capital of the world
The anything-goes ethos has dogged Ukraine for years, and now the government is hoping to bury it, with an assist from cryptocurrency.
Oil to near $100, commodities boom likely to resume: Qatar Forum
Earlier, one of Deutsche Bank AG’s top shareholders signaled his backing for consolidation in Europe’s financial services industry, arguing that the continent’s lenders need scale to compete globally. Billionaire investor Michael Novogratz said he prefers Bitcoin to buying gold.
It's On
From WhatsApp's lawsuit against the government to Amazon's splashy MGM purchase and Vimeo spun off as a public firm, here's a quick look at the top tech news today.
Crypto billionaire
From a made-in-India crypto token crossing $10 billion in market cap to Google rolling out News Showcase in the country and Amazon looking to purchase MGM Studios, here's a quick look at the top tech news today.
SPACs vs RBI
Elsewhere in today’s ETtech Morning Dispatch: The rise of the summarisers; Big Tech firms explore a workaround to India’s new social media rules; FIR against influencer for allegedly assaulting Zomato delivery boy.
Why India’s 50 lakh battle-scarred bitcoin traders refuse to give up
People who have remained invested for a long period have seen several bitcoin obituaries.
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