In a recent development, the Singapore High Court has granted Zettai Pte Ltd permission to convene a creditor meeting concerning the troubled crypto exchange, WazirX. This ruling marks a pivotal moment for Zettai as it navigates a challenging landscape following the shocking $230 million cyber heist attributed to North Korea’s Lazarus Group. The court’s decision
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In the ever-volatile world of cryptocurrency, Bitcoin continues to capture headlines with astronomical price predictions and bullish theories. Recently, renowned crypto analyst Tony Severino has sparked discussions by forecasting that Bitcoin could soar to as high as $321,000. While Severino himself acknowledges the ambitious nature of this target, he emphasizes that it is rooted in
In recent developments, the House Committee on Oversight and Government Reform has taken a significant step by disseminating a formal inquiry to multiple crypto organizations and firms. The focus is on understanding instances wherein crypto entities have faced systematic denial of banking services. The committee has sent this letter to notable players in the cryptocurrency
In recent months, XRP, the digital asset associated with Ripple Labs, has captured the interest of investors and analysts alike. The cryptocurrency market is known for its volatility and unpredictability, but certain indicators suggest a bullish trend for XRP. This article delves into the predictions surrounding its future performance and the driving factors that might
The cryptocurrency market, particularly Bitcoin, has recently shown signs of heightened retail demand, especially at the notable $100,000 mark. This interest indicates a broader confidence among investors, yet lurking beneath this enthusiasm is a concerning trend driven primarily by short-term holders. As the market inches toward or even breaches this psychological price barrier, the dynamics
The landscape for cryptocurrency custody services in the United States has taken a substantial turn following the introduction of the SEC’s Staff Accounting Bulletin (SAB) 122. This new policy replaces the contentious SAB 121, initially implemented during the tenure of former SEC Chair Gary Gensler. By reassessing and modifying how financial institutions handle crypto custody
Aayush Jindal has carved a unique niche for himself in the realms of Forex and cryptocurrency trading, showcasing not just an extensive skill set but also a relentless drive for mastery over the complexities of financial markets. With over 15 years of experience under his belt, Aayush emerged as a trusted advisor and senior market
In a decisive move to bolster its regulatory capacity in the rapidly evolving world of digital assets, the U.S. Commodity Futures Trading Commission (CFTC) has appointed Harry Jung as the head of its initiatives focused on cryptocurrency, decentralized finance (DeFi), and other digital assets. Jung also assumes the role of Acting Chief of Staff under
In a significant development within the cryptocurrency landscape, OKX has recently announced its pre-authorization license under the Markets in Crypto-Assets Regulation (MiCA) framework as of January 23. This move marks a proactive step towards establishing OKX’s presence in the European Economic Area (EEA) via its operations in Malta. With a user base exceeding 400 million,
In a shocking turn of events, Singapore-based cryptocurrency exchange Phemex announced the temporary suspension of withdrawals due to a security breach that saw approximately $37 million siphoned from one of its hot wallets. This proactive decision, made on January 23, aims to fortify wallet security and conduct an urgent assessment of the breach. Phemex swiftly