Binance users in India can now access the exchange’s website after being blocked in December 2023. The crypto exchange, touted as the largest in the world, has finally completed its registration with India’s Financial Intelligence Unit (FIU) and has also cleared the penalty of $2.25 million (roughly Rs. 18.8 crore) that was levied on it … Read more
FTX received court approval of its bankruptcy plan on Monday, which will allow it to fully repay customers using up to $16.5 billion (roughly Rs. 1,38,550 crore) in assets recovered since the once-leading crypto exchange collapsed. US Bankruptcy Judge John Dorsey approved the wind-down plan at a court hearing in Wilmington, Delaware, saying FTX’s success made it … Read more
The US is considering rejecting the creation of a Central Bank Digital Currency (CBDC) through the Anti-CBDC Surveillance State Act. Unlike cryptocurrencies, a CBDC is a blockchain-based digital version of fiat currency issued and regulated by a central bank.Republican lawmakers, led by Congressman Tom Emmer, are pushing this bill to prevent financial surveillance of US … Read more
Microsoft’s $13-billion (roughly Rs. 1,13,164 crore) investment into OpenAI Inc. was cleared by the UK’s antitrust watchdog, ending months of uncertainty over the tie-up. The Competition and Markets Authority said that the 2023 deal doesn’t qualify for a full investigation under merger rules. The CMA said in 2023 it intended to look at whether the partnership gave … Read more