In a tumultuous environment steeped in the challenges of cryptocurrency regulations and security, WazirX, a prominent Indian exchange, finds itself ensnared in a web of serious allegations. The founder, Nischal Shetty, has faced scrutiny following claims that the company transferred approximately $75 million in cryptocurrency assets to major exchanges without the knowledge of its users.
Crypto
As the fervor of the upcoming US presidential election amplifies, the digital asset market is witnessing a remarkable surge. Recent data indicating a staggering $2.2 billion influx into digital assets marks a significant turning point, suggesting that investors are energized by the prospect of a politically favorable environment. This article delves into the latest trends
In a landmark move within the cryptocurrency sector, Stripe, a prominent player in payment processing, has successfully completed its acquisition of the stablecoin platform Bridge for an impressive $1.1 billion. This acquisition is not only noteworthy for its financial magnitude, but it also underscores the growing intersection between fintech and digital currencies. The deal, heralded
On October 21, the cryptocurrency landscape witnessed a remarkable development with investors acquiring an impressive 4,869 BTC through BlackRock’s iShares Bitcoin Trust (IBIT), amounting to $329 million. This influx occurred against a backdrop of overall market retreat, raising questions about the dynamics at play. While several competing spot Bitcoin exchange-traded funds (ETFs) faced outflows during
Over the past few weeks, Pump.fun, a prominent player in the realm of Solana-based meme coin launches, has demonstrated an intriguing market behavior that has captured the attention of crypto enthusiasts. Recent transactions indicate that Pump.fun has been liquidating significant amounts of Solana (SOL), with a recent sale of 40,000 SOL, approximately valued at $6.68
In an astonishing turnaround, the past week has marked a turning point for spot Bitcoin ETFs in the U.S., where these funds accumulated over $2 billion in net inflows—the highest they’ve seen in a five-day period since March. The strong performance is indicative of a burgeoning interest in these investment vehicles, potentially signaling a shift
In a dramatic turn of events earlier this year, the United States Federal Bureau of Investigation (FBI) apprehended a man linked to a fraudulent tweet that claimed the Securities and Exchange Commission (SEC) had approved the much-anticipated spot Bitcoin exchange-traded funds (ETFs). This incident not only affected the crypto market but also underscored the vulnerabilities
Bitcoin has once again captured the spotlight in the cryptocurrency arena, reaching a noteworthy price point of $69,000—a level it hadn’t seen since late July. This surge comes on the heels of its previous rebound from below the $59,000 mark just a week prior, demonstrating the asset’s volatile nature. The weekend prior saw a stable
The cryptocurrency market experienced a period of relative calm over the past weekend, establishing a foundation above the crucial $68,000 mark for Bitcoin. This stability was anticipated by many analysts, as weekends often exhibit lower trading volumes and reduced volatility. In contrast, altcoins displayed a more subdued performance, with most seeing minor dips. However, looking
In a significant display of cooperation between the cryptocurrency exchange Binance and the law enforcement authorities in India, a sophisticated scam led by a fraudulent operation named “M/s Goldcoat Solar” has been dismantled. This initiative, wherein numerous arrests were made and substantial cryptocurrency assets were seized, underscores the ongoing battle against financial fraud in the
