The recent cyberattack on the Indian crypto exchange WazirX has caused chaos and raised concerns within the cryptocurrency community. The hacker managed to steal over $235 million from the exchange, and is now reportedly transferring around $10 million through sanctioned Tornado Cash in an attempt to launder the stolen funds. This highlights a glaring security
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Bitcoin (BTC) and Ethereum (ETH) have both seen price declines at the start of September, continuing a trend that began earlier in the month. The bearish sentiment towards these leading cryptocurrencies, and the wider crypto market, can be attributed to several macroeconomic factors. One of the key factors impacting the market is the recent surge
Robinhood’s crypto division has recently agreed to pay a $3.9 million fine to settle a California investigation into its past practices. California Attorney General Rob Bonta revealed that the settlement was reached after Robinhood Crypto restricted users from withdrawing their digital assets between 2018 and 2022. Moreover, the company failed to provide complete information about
The summer of 2024 has seen a significant bearish trend in the Bitcoin price, a trend that has historically been observed in summers past. The price of Bitcoin has experienced numerous flash crashes, causing the pioneer cryptocurrency to plummet from over $70,000 to below $50,000 at one point. However, there is some hope on the
The situation surrounding Tigran Gambaryan, the detained American executive of Binance in Nigeria, is indeed concerning. The viral video of him struggling to walk into a courtroom and the subsequent denial of his request for a wheelchair by prison authorities highlight the inhumane conditions he is facing. It is evident that Gambaryan’s health has deteriorated
Ethereum is currently in a phase where it is attempting to recover from the $2,400 zone. The price has shown some positive signs but faces certain key resistance levels that need to be surpassed for further gains. The Ethereum price must clear the hurdle at $2,550 to continue its upward trajectory in the near term.
Bitcoin (BTC) has surprised many with its recent decline below the $60,000 threshold despite initial expectations of a steady price increase and a robust bull run this year. The prolonged bearish performance of the cryptocurrency has led a crypto analyst to issue a warning of a potential crash below $40,000. This unpredicted turn of events
The recent charges brought against Galois Capital Management LLC by the US Securities and Exchange Commission (SEC) serve as a stark reminder of the importance of adhering to client asset safeguarding requirements. The hedge fund allegedly failed to comply with these regulations, particularly when it came to safeguarding crypto assets offered as securities. As a
WazirX has initiated the second phase of its fiat currency withdrawal process earlier than anticipated, starting on September 3 instead of the original date of September 9. This move comes in the midst of the aftermath of a major security breach where over $230 million in user assets were stolen. CEO Nishal Shetty took to
In a recent talk at the Korea Blockchain Week 2024 event, US Securities and Exchange Commission (SEC) Commissioner Mark T. Uyeda called for the development of specialized S-1 registration forms specifically tailored for digital asset securities. This move comes in light of the increasing complexity and unique features of digital assets, which current regulatory tools
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