Cryptocurrency
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A lawsuit against Binance in the US signals the end of crypto’s Wild West days
US regulators are bringing more enforcement actions against crypto firms, with the latest targeting top exchange Binance.
Andrew Urquhart, The Conversation & Hossein Jahanshahloo, The Conversation
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Centre extends money laundering provisions to cover cryptocurrency trade
All crypto exchanges in India will now be required to report suspicious activity to the Financial Intelligence Unit.
Scroll Staff
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Cryptocurrency trade is similar to gambling and should be banned, says RBI governor
However, Shaktikanta Das said that the technology of blockchain needs to be supported as it has many other applications.
Scroll Staff
Trending
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This holiday season, who’s ‘Uninvited’ from Goa?
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What does the summary expulsion of an Opposition MP say about Parliamentary democracy in India?
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A new book examines the ‘jali’ – from 17th-century Mughal architecture to modern designs
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‘No data’ and other tactics: How the government is dodging RTI queries on health pacts with Big Tech
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‘The Muslim Secular’: This book argues that Muslims contribute equally to Indian secularism
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Private cryptocurrencies will constitute next financial crisis, warns RBI governor
Central bank chief Shaktikanta Das also said that the cryptocurrencies should be banned.
Scroll Staff
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Why the collapse of the $30 billion FTX crypto exchange is not surprising
The rapid disintegration is a reminder about the risks of trading in ‘assets’ with no underlying fundamental value on loosely-regulated exchanges.
John Hawkins, The Conversation
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World’s second-largest cryptocurrency firm FTX files for bankruptcy
The company’s Chief Executive Officer Sam Bankman-Fried has also stepped down.
Scroll Staff
Video
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Eco India, Episode 246: How protecting our oceans could help us in the battle against climate change
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Caught on camera: Mobile tower collapses in Bengaluru, bringing down building on which it stood
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‘At top of the very good boy list’: King Charles gets Santa’s approval ahead of Christmas
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Watch: Actors Emily Blunt, Anne Hathaway reminisce about working together in ‘The Devil Wears Prada’
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Caught on CCTV: Close shave for shoppers as speeding SUV crashes through glass doors of UK store
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In South Africa, teenagers are getting drawn to crypto trade – but at a high cost
Authorities and financial experts warn of fraud, losses and mental anguish.
Kimberly Mutandiro, Thomson Reuters Foundation
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ED freezes bank assets worth Rs 64.67 crore of crypto exchange WazirX
The company is under investigation in two cases related to the Foreign Exchange Management Act, the finance ministry had told Parliament on Tuesday.
Scroll Staff
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RBI suggested ban on cryptocurrencies, says Finance Minister Nirmala Sitharaman
The central bank is of the opinion that since it or the government does not issue cryptocurrencies, they cannot be considered legal tender, she said.
Scroll Staff
The Reel
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In Ken Loach’s ‘The Old Oak’, a solidarity that transcends differences
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In animated film ‘The Siren’, a reminder that ‘democracy and peace are never eternal’
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‘Mast Mein Rehne Ka’ review: A cheerfully meandering comedy
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‘Kadak Singh’ review: A soft look at deception
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‘Joram’ review: Man-on-the-run thriller stumbles to its destination
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Crypto is great for gambling, but lousy as usable currency
As the losses in the cryptocurrency markets demonstrate, decentralised finance has yet to prove it is a viable alternative to the centralised banking system.
John Hawkins, The Conversation
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How cryptocurrency scams work and what to watch out for
Such frauds are especially painful because the probability of retrieving lost funds is close to zero.
Yaniv Hanoch, The Conversation & Stacey Wood, The Conversation
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Crashing prices of cryptocurrencies are testing the will of even the most avid investors
Is this just another crash in the volatile crypto market, or is this the beginning of the end for this alternative asset class?
Andrew Urquhart, The Conversation & Brian Lucey, The Conversation
The Field
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FIH Hockey Men’s Junior World Cup: India beat Canada to enter quarter-finals
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Badminton, Guwahati Masters Super 100: Ashwini Ponnappa/Tanisha Crasto reach women’s doubles final
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Football: Mumbai City FC appoint Petr Kratky as head coach
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Football: Bengaluru FC part ways with head coach Simon Grayson after poor start to ISL season
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WPL 2024 auction, as it happened: Kashvee Gautam to GG, Annabel Sutherland to DC finish as top buys