In the wake of a staggering $230 million hack, WazirX, one of India’s leading cryptocurrency exchanges, has been thrust into a chaotic battle for both asset recovery and user trust. The breach, which has sparked enormous concern among users and stakeholders alike, has necessitated urgent and strategic measures to stabilize the beleaguered exchange. The situation
Exchanges
In the rapidly evolving world of cryptocurrency trading, the options available for buyers and sellers can be overwhelming. With the cryptocurrency market’s explosive growth, numerous exchange platforms have emerged, each touting its features, security measures, and rates. As an investor, your choice of platform can significantly influence your trading experience, making it vital to select
Emerging as a formidable player in the realm of cryptocurrency, the United Arab Emirates (UAE) has witnessed an astoundingly robust growth trajectory across various transaction sizes. Unlike many other nations where crypto activity is typically concentrated within specific brackets, the UAE has achieved a remarkable balance. This trend highlights a broad adoption landscape that sets
In July, the Indian cryptocurrency exchange WazirX experienced a staggering security breach, resulting in the theft of $230 million worth of cryptocurrencies. Recent analyses from Arkham Intelligence reveal that the hacker is nearing the completion of laundering these ill-gotten funds. As of now, only $6 million in Ethereum remains unwashed, marking a troubling turn in
In a landmark achievement, Binance has announced that it has processed over $100 trillion in cryptocurrency trades since its inception in 2017. This high-profile milestone was disclosed by the company’s CEO, Richard Teng, in a September 24 post on the social media platform X (formerly known as Twitter). Such a staggering figure highlights Binance’s unparalleled
The custodial field for digital assets, particularly cryptocurrencies like Bitcoin and Ethereum, has seen rapid growth in recent years. This sector has typically been dominated by specialized firms such as Coinbase, which have established themselves as leaders in managing and safeguarding crypto assets. As institutional interest in cryptocurrencies continues to burgeon, traditional financial institutions are
In a significant development for the cryptocurrency landscape, Kraken has announced its acquisition of Coin Meester (BCM), a prominent player among the Netherlands’ oldest registered crypto brokers. This strategic acquisition, disclosed in a statement on September 24, marks a critical step for Kraken as it seeks to strengthen its foothold in the Dutch market. By
In a pioneering move designed to accommodate its Muslim clientele, Bybit, a prominent cryptocurrency exchange, has launched an Islamic crypto account. Announced on September 24, this innovative account aims to provide a Shariah-compliant trading platform for Muslim users, offering services that align with Islamic financial principles. Bybit’s CEO, Ben Zhou, heralded this development on social
The ongoing detention of Tigran Gambaryan, a US citizen and employee of Binance, has evoked serious concerns regarding the treatment of individuals in foreign custody. For months, Gambaryan has been held by Nigerian authorities, and the circumstances surrounding his detention have raised numerous ethical and legal questions. Richard Teng, the CEO of Binance, has recently
In a bold move to expand its influence in the gaming sector, Binance has announced the impending launch of “Moonbix,” a new play-to-earn (P2E) game designed for Telegram’s Mini App platform. This initiative reflects Binance’s continued commitment to innovating the intersection between cryptocurrency and interactive entertainment. As showcased in a recent post on social media
