The implosions and scandals of the past few months have laid waste to the key arguments of crypto boosters, and all but obliterated the notion of Bitcoin as safe haven in turbulent times. But none of those events — from the TerraUSD collapse to the Celsius bankruptcy — were as damning as the revelation that even FTX, until recently considered one of the most blue-chip names in crypto, was unsound.
Irdai opens NDB’s Maharajah INR bonds to insurers
In a circular dated August 27, the regulator said that it had received representation from New Development Bank to permit Insurers to invest in Maharajah