Some of the world’s biggest cryptocurrency exchanges are staying put in Russia, breaking ranks with mainstream finance in a decision that experts say weakens Western attempts to isolate Moscow following the invasion of Ukraine. Western sanctions, which aim to squeeze Russia’s economy and sever it from the global financial system, have forced companies and financial…
With five of his paintings going under the hammer on an NFT marketplace on Friday, leading contemporary painter Paresh Maity becomes the new artist dipping his toe into the world of metaverse. Of the five assets, three will be physical paintings along with its non-fungible tokens (NFTs), and the remaining two will just be online…
Applying for a car loan eases the process of buying your dream car. Some people may look at the monthly payment of a car loan and overlook the total cost of financing, which disturbs their finances. Some come with high interest rates for a short duration of time, while there are other car loans…
Bitcoin kept advancing on Tuesday, briefly trading above $44,000 for the first time since Feb. 17 amid mounting signs that the war in Ukraine is bolstering demand for cryptocurrencies. The largest cryptocurrency rose as much as 6% to $44,183 and traded at $43,400 at 12:54 p.m. in Hong Kong, gaining along with other major digital…
Satish Kumbhani, founder of cryptocurrency platform BitConnect who has been indicted in the US for running a $2.4 billion crypto ponzi scheme, has likely “relocated from India to an unknown location” abroad. A federal grand jury in San Diego last week indicted Kumbhani with orchestrating a global Ponzi scheme. BitConnect is an alleged fraudulent cryptocurrency…
Nearly 20 per cent of Indian ultra high-net worth-individuals (UHNWIs) invested in crypto assets last year amid rising popularity of cryptocurrencies and NFTs, according to a Knight Frank report. UHNWIs are those who have net worth of USD 30 million (about Rs 226 crore) or more. In its Wealth Report released on Tuesday, Knight Frank…
BitConnect founder Satish Kumbhani, charged criminally in the U.S. last week with a $2.4 billion Ponzi scheme, has vanished from his native India, officials said. Last September, the Securities and Exchange Commission separately sued Kumbhani, claiming he fraudulently raised more than $2 billion from investors in his cryptocurrency exchange platform. But the SEC didn’t know…
Crypto exchange Binance is blocking the accounts of any Russian clients targeted by sanctions, it told Reuters on Monday, but will not freeze the accounts of others after Ukraine called for a block on Russian users at major digital currency platforms. “We’re blocking accounts of those on the sanctions list (if they have Binance accounts)…
A home serves as a significant investment. With mortgage refinancing, you will be provided with the option to use your property to leverage that investment. Refinancing may allow you to shorten the term of your loan. It can also help lower your monthly payments and provide you with cash. When you refinance your home, you…
While there is still a level of controversy that surrounds NFTs, it’s undeniable that they’re led to a digital art revolution, with users from around the globe being able to sign up to an NFT marketplace and sell their art to an international audience. After the March 2021 sale of Beeple’s NFT collection for $69,000,000…
