Crypto

Crypto could cause next financial crisis: India central bank chief
Crypto could cause next financial crisis: India central bank chief
Business and Economy
by  AFP

India's central bank governor warned Wednesday that cryptocurrency markets risked causing the next global financial crisis, saying the recent collapse of FTX was proof of the sector's "inherent risks". Das said the fall in crypto prices and recent developments around FTX validated his long-held view that cryptocurrencies have "huge inherent risks for our macroeconomic and financial stability".

Keep talking: Disgraced crypto king's high-risk strategy
Keep talking: Disgraced crypto king's high-risk strategy
Business and Economy
by  AFP

Omnipresent on talk shows and conference panels, disgraced cryptocurrency tycoon Sam Bankman-Fried is defying the advice of the legal profession and staying in the public eye despite facing the real threat of prosecution and even jail time. "I didn't ever try to commit fraud on anyone," Bankman-Fried told a New York Times conference on November 30.

Kazakhstan moves to reel in crypto mining
Kazakhstan moves to reel in crypto mining
Business and Economy
by  AFP

Kazakhstan, one of the world's leading locations for cryptocurrency mining, has moved to reel in the power-hungry industry that has often burdened the ageing energy grid of the Central Asian country. According to data from the University of Cambridge, Kazakhstan was the world's third-largest miner of cryptocurrency as of January 2022, behind the United States and China.