WazirX, once a major player in the Indian cryptocurrency exchange arena, has recently found itself in a precarious situation following a significant hack that drained $234 million worth of assets from its platform. As a response to this crisis, the exchange sought a four-month moratorium from the Singapore court, an attempt to stabilize its operations
Crypto
Bitcoin has reached a pivotal phase in its price trajectory, with its current movements poised to significantly influence the broader cryptocurrency landscape. After rebounding from a solid support level of $52,000, Bitcoin has successfully surged past both the $56,000 and $60,000 barriers, demonstrating considerable upward momentum. However, the ascent has brought the cryptocurrency to a
In a significant move impacting its Turkish user base, Binance, the world’s leading cryptocurrency exchange, has announced the removal of Turkish language support from its platform. This change, slated to take effect on September 27, is primarily driven by increasing compliance obligations from local regulations. While Binance supports over 30 languages, including major global languages
As September 2023 drew to a close, a notable shift in Bitcoin (BTC) holdings was reported by Ki Young Ju, the founder of CryptoQuant. His analysis pointed to a resurgence of American dominance in Bitcoin acquisitions, which has been bolstered by a renewed interest in spot Exchange-Traded Funds (ETFs). This growing presence signals a strategic
Polymarket, a leading blockchain prediction platform, is reportedly exploring a significant boost in funding, aiming to secure $50 million, as noted in a recent September 23 report by The Information. This New York-based company is not just looking for financial backing but is also contemplating the introduction of its own token meant to streamline its
The ongoing debate surrounding cryptocurrency regulation has taken a new turn, as Republican lawmakers raise serious concerns about the Securities and Exchange Commission’s (SEC) recent guidance on crypto custody. Led by prominent figures such as Rep. Patrick McHenry and Sen. Cynthia Lummis, these lawmakers are urging the SEC to revoke its Staff Accounting Bulletin No.
In a startling turn of events, a long-dormant Bitcoin wallet has resurfaced, showcasing the unpredictable and often enigmatic nature of cryptocurrency investors. According to Arkham Intelligence, this wallet, which had lain in silence for a remarkable decade, executed a transaction earlier today, transferring 5 BTC to the Kraken exchange. This marks the wallet’s third transaction
In the ever-fluctuating cryptocurrency space, Bitcoin has once again proven its propensity for dramatic shifts. Just a day ago, its price dipped beneath the $63,000 mark, yet bulls quickly reasserted their influence, rallying the asset back towards the $64,000 threshold. This tug-of-war between buying pressure and selling resistance characterizes Bitcoin’s recent performance, following an intense
The cryptocurrency market often presents a volatile environment defined by rapid shifts in investor sentiment and significant financial maneuvers. Recently, two primary Grayscale funds—GBTC (Grayscale Bitcoin Trust) and ETHE (Grayscale Ethereum Trust)—experienced major net outflows that have sent ripples through the investment community. Reports indicated an outflow of $80.6 million from ETHE on a single
In the ever-evolving world of cryptocurrency, recent data indicates a notable resurgence in investor interest toward digital asset funds. According to a compelling report from CoinShares, the latest figures highlight a continuous upward trend, marked by $321 million in inflows for the second week running. While this indicates positive momentum, it is worth noting that