BONDS, CURRENCIES & COMMODITIES


IANS 09 December 2022
Minister for Road Transport and Highways Nitin Gadkari announced on Thursday that the country's first-ever Surety Bond insurance product would be launched on December 19.   Gadkari announced this while addressing the CII's Global Economic Summit, adding that the product will be of...

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IANS 23 November 2022
Sam Bankman-Fried (SBF), founder of bankrupt crypto exchange FTX and trading house Alameda Research, 'froze up in the face of pressure' as his company collapsed, bringing its collateral down to US$8bn (billion) from US$60bn.   In a letter to FTX employees, accessed by CoinDesk, the...

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Moneylife Digital Team 19 November 2022
When the US$32bn (billion) crypto exchange FTX filed for chapter 11 bankruptcy in the US, inviting investigations by regulatory authorities and the justice department, the entire crypto world was plunged into a panic. FTX and its associate, the trading firm Alameda Research, both founded by...

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IANS 14 November 2022
Hong Kong-based crypto exchange AAX has suspended withdrawals, citing the "failure of our third-party partner", which caused some users' balance data to be improperly recorded while scheduling a system upgrade.   "Limiting our services to prevent further risks, the technical team has...

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IANS 10 November 2022
World's largest crypto exchange Binance on Thursday took a U-turn on acquiring its rival FTX, saying it was backing out of the deal after reviewing the company's finances, leading to further fall in major cryptocurrencies.   Binance on Tuesday signed a non-binding, letter of intent to...

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CNN has surprisingly shut down its crypto and Web 3.0 project called 'Vault' where the company aimed to sell non-fungible tokens (NFTs) of news stories.   The shocked users accused CNN of a "rug pull", a term used when crypto developers abandon a project and run away with investors'...

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More than 51 per cent of the total Bitcoin trading volume on various crypto exchanges this year is fake amid volatile global economic conditions, a new report has claimed.   Bitcoin is the blue chip of cryptocurrency and represents 40 per cent of the total crypto assets outstanding in...

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IANS 21 September 2022
Leading cryptocurrency market maker Wintermute has lost $160 million in a hacking into its decentralised finance (DeFi) operation, the company's CEO said on Tuesday.   In a tweet, company's founder and CEO Evgeny Gaevoy said that they have been hacked for about $160 million in their...

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Moneylife Digital Team 05 September 2022
Financial markets are being rocked by the shutdown of Russias Nord Stream 1 pipeline, as the energy squeeze on European economies intensifies as winter approaches.   The euro fell to a two-decade low during early trading on Monday morning, after Russian energy major Gazprom extended...

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More than half of all Bitcoin daily trading volumes are reportedly fake, as the world's largest crypto-currency nosedives again amid global economic turmoil.   According to a Forbes analysis of 157 crypto exchanges and trading platforms, more than half (51%) of all reported trading...

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The additional tier-1 (AT-1) bond issuances are likely to fall sequentially to around Rs200 billion in FY22-23, from an all-time high of nearly Rs428 billion in FY21-22.   The issuances were higher in FY21-22 as most were driven by refinancing obligations of issue in...

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More than half a billion dollars have been laundered in crypto assets originating from theft, fraud, ransomware and various other types of criminal activity since 2020, a new report has revealed.   The report by Blockchain analysis group Elliptic said one cross-chain bridge in...

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The global cryptocurrency market lost at least $670 million in the April-June quarter (Q2), and 97 per cent of the losses were due to hacks and scams, a report said on Thursday.   The crypto losses in the second quarter were up 52 per cent from $440 million in the same period last...

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The crypto winter hammered cryptocurrencies on Monday as the price of a single Bitcoin fell sharply to around $25,600, an 18-month low.   The world's largest cryptocurrency further tanked 7 per cent over fears of risk-off sentiment due to a sharp rise in inflation globally, especially...

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The global crypto mayhem last week wiped out Bitcoin worth $3.5 billion -- created to defend and support the TerraUSD (UST) stablecoin which saw a total crash -- and no one has any idea how such a large sum of funds disappeared.   Nearly 80,394 Bitcoin worth $3.5 billion were...

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Leading crypto exchange Coinbase suffered a major outage amid crypto mayhem especially with the cryptocurrency Terra Luna, heightening fears among the investors.   The company said it was actively working on the issue.   "We are aware that some customers are having issues...

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The dramatic crash of Terra (Luna), ranked among the top-10 most valuable cryptocurrencies, has wreaked havoc in the lives of investors who fear they will become homeless after the crypto mayhem.   Within the past 24 hours, its market-cap dropped from above US$40bn (billion) to just...

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The global cryptocurrency market entered its worst phase ever on Tuesday, with Bitcoin dropping below $30,000 per coin and leaving millions of investors in a panic mode.   The overall global cryptocurrency market dropped 13 per cent, and was hovering around $1.37 trillion market cap,...

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The Indian rupee extended its losses and touched an all-time low of 77.42 against the US dollar in early trade on Monday.   The Indian currency is weighed by the strength of the American currency in the overseas market and continued foreign fund outflows. Further, rupee slipped on...

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The monthly average retail price of wheat flour (atta) has risen nearly in the past one year period to Rs 32.3 per kg. The current prices are the highest since January 2010.   At the same time last year, its average price was at Rs 29.1, as per the data maintained by the Price...

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