In July, WazirX, one of India’s prominent cryptocurrency exchanges, experienced a staggering $230 million hack that sent shockwaves through the crypto community. The incident not only jeopardized WazirX’s operational integrity but also left countless users in a precarious situation regarding their hard-earned assets. In a bid to navigate this tumultuous landscape, WazirX sought a six-month
Exchanges
The cryptocurrency landscape has undergone significant changes in recent years, leading to the proliferation of numerous exchanges. With this growth, consumers face the daunting task of selecting the most suitable platform for their trading needs. Given the high stakes involved in trading digital assets, this decision can profoundly influence an investor’s success. In this guide,
In July, WazirX, one of India’s largest cryptocurrency exchanges, fell victim to a major hacking incident that resulted in the theft of approximately $230 million worth of various cryptocurrencies. With reports from Arkham Intelligence confirming that the hacker is on the verge of laundering the last remnants of these stolen assets, this event underscores the
In an age where digital currencies are reshaping financial landscapes, few regions exhibit the same level of dynamic growth as the United Arab Emirates (UAE). A recent report by Chainalysis not only illustrates the significant uptick in crypto transactions within the UAE but also paints a picture of a balanced, comprehensive adoption strategy that differentiates
As traditional financial institutions grapple with the rise of digital assets, BNY Mellon has made a notable pivot towards the cryptocurrency sector. An exemption granted by the Securities and Exchange Commission (SEC) marks a significant leap for the bank, particularly in its capacity to manage cryptocurrencies like Bitcoin and Ethereum within exchange-traded funds (ETFs). This
In a significant development within the cryptocurrency space, Kraken, a prominent global cryptocurrency exchange, has officially announced its acquisition of Coin Meester (BCM). Established as one of the oldest registered crypto brokers in the Netherlands, Coin Meester represents a strategic asset for Kraken as it seeks to strengthen its foothold within the Dutch market. This
The crypto landscape has once again been shaken by a breach that occurred at BingX, a prominent cryptocurrency exchange. On September 20, the exchange’s Chief Product Officer, Vivien Lin, revealed that suspicious outflows from one of their hot wallets led to a “minor asset loss.” Although the exact financial impact was still being evaluated, estimates
As the cryptocurrency market continues to evolve, regulatory bodies are increasingly seeking to assert control over digital assets. One of the most significant legal battles currently underway involves the United States Securities and Exchange Commission (SEC) and Coinbase, one of the largest cryptocurrency exchanges in the US. Since the SEC initiated litigation against Coinbase in
In the ever-evolving world of cryptocurrency, regulations have become a focal point of contention, impacting companies and investors alike. Recently, Daniel Gallagher, Chief Legal Officer at Robinhood, voiced significant concerns regarding the U.S. Securities and Exchange Commission’s (SEC) handling of crypto regulations. In his testimony before the House Financial Services Subcommittee on Digital Assets, Gallagher
The cryptocurrency landscape is known for its rapid developments and intricate relationships between various exchanges. A recent fallout between Binance, one of the world’s largest cryptocurrency exchanges, and WazirX, a popular Indian trading platform, has drawn significant attention. As tensions arose following a substantial hack that resulted in the theft of $235 million, Binance has
