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Six months in, El Salvador’s bitcoin gamble is crumbling
As El Salvador prepares to launch its 'Bitcoin bond', interviews with citizens, economists and technologists reveal cracks in the country's crypto revolution.
restofworld.org
Government Recovers Over Rs. 95 Crore From 11 Cryptocurrency Exchanges for GST Evasion
WazirX, Coin DCX, CoinSwitch Kuber, Buy Ucoin, UnoCoin, and Flitpay among exchanges involved in GST evasion cases.
Coinbase India UPI Payments: Regulatory heat forces Coinbase to halt UPI payments in just three days
US Co reached out to NPCI following regulator's clarification on no UPI for cryptocurrencies in India; Payments aggregators continue to work with exchanges to allow crypto payments with different merchant IDs
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Nexo and Mastercard launch 'world first' crypto-backed payment card
Crypto lender Nexo said it has teamed up with global payments company Mastercard to launch on Wednesday what it calls the world's first "crypto-backed" payment card.
www.reuters.com
Crypto Bosses Flex Political Muscle With 5,200% Surge in US Giving
www.bloomberg.com
Sam Bankman-Fried found guilty on all seven criminal fraud counts
A jury has found Sam Bankman-Fried guilty of all seven criminal counts against him.
www.cnbc.com
FTX Sues Crypto Firm Bybit to Recover Assets Worth $953 Million
FTX’s bankruptcy advisers sued crypto exchange Bybit Fintech Ltd and two corporate affiliates to recover cash and digital assets valued at roughly $953 million that was withdrawn from Sam Bankman-Fried’s crypto exchange before it filed Chapter 11 a year ago.
www.bloomberg.com
MLB, Formula 1 Face Fraud Suits for Promoting FTX Cryptocurrency
FTX investors suing the cryptocurrency exchange’s celebrity promoters for allegedly helping to facilitate an $11 billion fraud have some new targets, including Major League Baseball, Formula 1 racing and Mercedes-Benz Group AG’s racing team.
www.bloomberg.com
FIU issues notice to 9 offshore crypto platforms, writes to MeiTY for blocking of URLs
Apart from Binance and Kucoin, the other virtual digital assets service providers (VDA SP) who have been issued notice for not registering as reporting entities with the FIU-India are Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfenex.
indianexpress.com
