Business

India supports blockchain but insists digital currency should be regulated: Nirmala Sitharaman
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13 May, 2023

India supports blockchain but insists digital currency should be regulated: Nirmala Sitharaman

India's Finance Minister Nirmala Sitharaman clarified that despite the country's tough stance on digital currency, the government would continue to...
China’s top court declares digital currencies can be used to settle debt
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13 May, 2023

China’s top court declares digital currencies can be used to settle debt

The Supreme Court will only enforce such contracts if they were made before September 2017 when China banned ICOs, and...
UK citizen pleads guilty to cybercrime offenses leading to theft of $794,000 digital assets
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13 May, 2023

UK citizen pleads guilty to cybercrime offenses leading to theft of $794,000 digital assets

Joseph O’Connor, 23, is scheduled for sentencing by U.S. District Judge Jed S. Rakoff on June 23, 2023, staring at...
US taxman seeks $44 billion from what’s left of FTX/Alameda
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12 May, 2023

US taxman seeks $44 billion from what’s left of FTX/Alameda

The $44 billion claims sought by the IRS target the collapsed crypto empire of SBF, including entities such as West...
Embattled QuadrigaCX exchange to begin ‘interim distribution of funds’
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12 May, 2023

Embattled QuadrigaCX exchange to begin ‘interim distribution of funds’

Court-appointed bankruptcy trustee Ernst & Young announced its decision after consultation with estate inspectors, with details of the interim distribution...
Spotify deletes thousands of AI-generated songs: report
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12 May, 2023

Spotify deletes thousands of AI-generated songs: report

Spotify reportedly ejected tens of thousands of songs from California AI music startup Boomy as claims of fake streams surge—could...
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