The realm of cryptocurrencies is often riddled with controversy, and the recent allegations against WazirX, an Indian cryptocurrency exchange, are no exception. The platform, co-founded by Nischal Shetty, has found itself in hot water following claims of transferring a staggering $75 million worth of crypto assets to major exchanges without notifying its users. This situation
Crypto
In a striking turn of events, the momentum surrounding spot Bitcoin Exchange-Traded Funds (ETFs) has skyrocketed in the past week, marking a pivotal moment in the cryptocurrency market. With over $2 billion in net inflows, this five-day span represents the most robust trading activity since March, signaling renewed optimism from investors. The rapid influx of
In recent months, Dogecoin (DOGE), the cryptocurrency that started as a meme, has witnessed significant upward momentum, primarily attributed to the ongoing influence of Tesla’s CEO, Elon Musk. This resurgence raises questions about whether DOGE can ascend to the remarkable $1 threshold, especially in light of Musk’s potential involvement in a future Trump administration. Such
Bitget has recently announced that its native wallet has surpassed a remarkable milestone of 40 million users, indicating a growth rate of over 100% since March 2024. This significant development positions Bitget as a formidable competitor in the crypto wallet arena, especially as it edges closer to Binance in terms of download numbers. With 6
In a striking alliance, Binance has partnered with the Delhi Police to dismantle an advanced fraud operation linked to a fraudulent company named “M/s Goldcoat Solar.” This initiative has culminated in a significant breakthrough, highlighted by multiple arrests and the seizure of over 100,000 USDT in cryptocurrency assets. The operation underscores the increasing collaboration between
In a troubling incident that exemplifies the risks threatening the digital financial system, the FBI has arrested Eric Council, a 25-year-old man, for orchestrating a sophisticated hack that misled investors about the regulatory landscape of Bitcoin Exchange-Traded Funds (ETFs). The ramifications of his actions extend beyond mere fraud; they underscore the vulnerability of institutional digital
Bitcoin, the quintessential cryptocurrency, has witnessed a period of stabilization over the recent weekend, maintaining its position above the pivotal $68,000 mark. This comes in the wake of a tumultuous week where prices oscillated significantly, particularly when the asset dipped to a concerning $59,000 midweek. Subsequently, it staged a recovery, not just climbing back to
Bitcoin has exhibited remarkable fluctuations in the past few days, culminating in a significant rally that saw its price nearly reach $69,000. This surge marks an important milestone, representing the first time since late July that Bitcoin has breached this threshold. Despite a minor pullback, the cryptocurrency remains resilient, fluctuating between the $62,000 and $63,000
In a groundbreaking operation, the Hong Kong Police Force (HKPF) has successfully dismantled a sophisticated fraudulent scheme that leveraged cutting-edge deep fake technology. This elaborate scam, which focused on deceiving individuals via fake online romances, resulted in losses exceeding $46 million for the victims involved. The operation underscores a growing trend of tech-savvy criminal enterprises
The blockchain space is experiencing an unprecedented surge in activity, as highlighted in the latest “State of Crypto” report from the highly esteemed venture capital firm, Andreessen Horowitz (a16z). With the number of unique blockchain addresses interacting with networks reaching a staggering 220 million in September 2024, this figure has tripled since the end of
