Following the recent $235 million hack, WazirX co-founder and CEO Nischal Shetty has addressed growing concerns about the exchange’s operations and ownership. Shetty revealed that he is managing the exchange on behalf of the owners amid an ongoing dispute. He emphasized that he cannot disclose specific details about trades or reversals due to confidentiality obligations.
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Former FTX executive Ryan Salame has decided to withdraw his petition to dismiss the indictment against Michelle Bond just days before a critical court hearing. Salame’s legal team informed Judge Lewis A. Kaplan of the Southern District of New York that the petition was being withdrawn “without prejudice” to allow Bond to address the matter
The Nigerian Securities and Exchange Commission (SEC) has recently granted Approval-in-Principle to two local crypto exchanges, Busha Digital Limited and Quidax, allowing them to commence operations under the Accelerated Regulatory Incubation Program (ARIP). This move signifies the SEC’s commitment to fostering innovation while ensuring investor protection within the digital asset space. The Approval-in-Principle granted to
The US Securities and Exchange Commission (SEC) has been vocal about the need for retail investors to have more timely access to fund portfolio data. However, the existing regulatory framework falls short in ensuring that this data is readily available. With the current system, investors are often left with outdated information, especially during market uncertainties
Opeyemi is a writer who has found passion and intrigue in the world of cryptocurrency. Although this was not his initial career choice, he has delved deep into the digital asset industry for over two years and has become completely engrossed by it. He dedicates his time to creating informative pieces that demystify blockchain technology
Semilore Faleti is a prominent cryptocurrency writer who has carved a niche for himself in the field of journalism and content creation. With a keen interest in unraveling the complexities of blockchains and digital assets, Semilore has established himself as a go-to source for all things related to cryptocurrency. What sets Semilore apart is his
Cryptocurrency firms are showing a reluctance to operate in the UK due to burdensome regulatory processes, leading to a significant drop in registration applications with the Financial Conduct Authority (FCA). Law firm Reed Smith’s analysis revealed that the past three years have seen a drastic decrease in applications, with only 29 received between May 2023
BNB is currently facing increasing bearish pressure, indicating a potential drop towards the $500 mark. The cryptocurrency is struggling to break free from the downward trend, leaving investors wondering about its future trajectory. Delving into the technical indicators and market sentiment can provide insight into whether BNB will be able to overcome these challenges or
Aayush Jindal is not just another name in the financial markets; he is a luminary whose expertise has been honed over 15 years of dedicated service in the realms of Forex and cryptocurrency trading. From a young age, Aayush displayed a natural aptitude for unraveling complex systems and deciphering patterns, setting the stage for his
Bitcoin price has remained relatively stable above the $58,500 support zone, showcasing a sense of resilience in the face of market fluctuations. However, the struggle to break through key resistance levels has hindered any significant upward movement in price. BTC has faced challenges in surpassing the $60,200 and $61,500 resistance levels, leading to a stagnant