Cryptos are nothing but gambling, their value only make-believe: RBI governor Shaktikanta Das

To further its opposition to such currencies and also to take a lead over other central banks, the RBI recently launched its own digital currency (central bank digital currency), in the form of e–rupee on a pilot mode, first for the wholesale in late last October and a month later for retail customers.

Another round of Coinbase job cuts, 20% of workforce let go

Bitcoin has plunged almost 60% over the past year and a volatile year got worse in late 2022 with the collapse of cryptocurrency exchange FTX which filed for bankruptcy protection in November after experiencing the equivalent of a bank run.

Crypto Trader Charged With Fraud in $110 Million Alleged Mango Markets Scam

A cryptocurrency trader accused of rigging the Mango Markets exchange and attempting to steal $110 million was arrested in Puerto Rico and charged with fraud by prosecutors in New York.

2022 in Review: Bitcoin, ether, other cryptos fall big this year

From $46,000 to $16,000, bitcoin lost over 65 percent of its valuation this year. Other cryptos have also lost big this year.

Bitcoin Falls to Lowest This Month With Risk of Further Declines

Bitcoin dropped to its lowest level in three weeks as equities continued to trend lower.

FTX founder Bankman-Fried in custody after fraud charges, bail denied

The former CEO of the collapsed cryptocurrency exchange, dressed in a blue suit without a tie, lowered his head and hugged his parents after the judge said his risk of flight was too great and ordered that he be sent to a Bahamas correctional facility until Feb. 8.

Former FTX CEO Sam Bankman-Fried arrested in the Bahamas

Bankman-Fried had been under criminal investigation by the two countries following the collapse last month of FTX. The firm filed for bankruptcy on November 11, when it ran out of money after the cryptocurrency equivalent of a bank run.

One of Asia's Largest Crypto Firm Amber Cuts Staff, Pauses Fundraising in FTX Fallout

Amber Group, one of Asia’s leading crypto platforms, has continued to lay off staff and put a funding round on hold amid turmoil in the digital-asset sector following the bankruptcy of the FTX exchange.

Digital rupee a game changer, says SBI Chairman Dinesh Khara

The pilot project for retail digital rupee, RBI's central bank digital currency (CBDC) started in Mumbai, New Delhi, Bengaluru and Bhubaneswar on Thursday and State Bank of India (SBI) is one of the participating banks.

RBI launches retail digital rupee in four cities; Here's all you need to know

The retail digital rupee (e <span class='webrupee'>₹</span>-R) project has started in a closed user group with the participation of four lenders -- State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank -- as well as customers and merchants.

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Cryptos are nothing but gambling, their value only make-believe: RBI governor Shaktikanta Das

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