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".
Somizi Mhlongo and Shauwn "MaMkhize" Mkhize's phone numbers were hacked in 2022. The reality TV stars had to warn their fans not to engage with the scammers.
Sam Bankman-Fried has had a dizzying fall from top of the heap in the world of cryptocurrencies to staring down a hefty jail sentence on a raft of fraud charges. "I didn't ever try to commit fraud on anyone," Bankman-Fried told a New York Times conference on November 30.
The US Securities and Exchange Commission charged disgraced cryptocurrency tycoon Sam Bankman-Fried on Tuesday with defrauding customers of billions of dollars, a day after he was arrested in the Bahamas at the request of the United States.
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, 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.
Digital currencies need more regulation to stamp out funding for terror operations, India's Prime Minister Narendra Modi said Friday at a major international forum to combat financing of extremist groups. On Friday, he went further and told delegates at the Conference on Countering Financing of Terrorism that "private currencies" posed a grave security risk.
President Nayib Bukele of El Salvador, the first country to make bitcoin legal tender, said Thursday the nation would buy one unit of the currency every day, doubling down in the face of public criticism of his embrace of the crypto money. "We are buying one #Bitcoin every day starting tomorrow," the president tweeted.
Collapsed cryptocurrency exchange FTX suffered a "complete failure of corporate controls" under founder Sam Bankman-Fried, the company's new chief executive said Thursday, calling the situation "unprecedented." "Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here," Ray said in the filing.