The action was taken a month after Vauld halted withdrawals in July. The Enforcement Department (ED) has frozen bank deposits worth Rs 64.67 crore belonging to WazirX. The ED is taking this most recent action as part of its continuing investigation into possible instances of money laundering involving at least ten cryptocurrency exchanges. In a … Read more
It appears that the Discord server and Tornado DAO governance forum that were tied to the crypto mixing service Tornado Cash, which was recently sanctioned, have been disabled. The Office of Foreign Assets Control of the United States Treasury blacklisted Tornado Cash on Monday. Tornado Cash is a mixing tool that focuses on Ethereum transactions. … Read more
Li intends to sell sixty percent of his investment in Huobi for one billion dollars. Following the publication of the Bloomberg report, the price of HT shares increased by over 25 percent, reaching $5.43. The potential buyers reportedly include Justin Sun and Sam Bankman-Fried of FTX. Leon Li, the founder of the leading cryptocurrency exchange … Read more
Hodlnaut, a cryptocurrency lender based in Singapore, has suspended withdrawals due to difficult market conditions. On Monday, the cryptocurrency lending & borrowing platform Hodlnaut, which is based in Singapore, made the announcement that it has temporarily halted client withdrawals, exchanges, and deposits. The company stated that the move was prompted by “challenging market conditions” as … Read more
There were 105 websites that were taken down because they promoted the marketing of virtual currencies, published explainers on cross-border currency speculation, and pushed explainers on mining virtual currencies. Weibo and Baidu, two of the largest social media platforms in China, have each terminated 12,000 fraudulent accounts that promoted the purchase of virtual money. Users … Read more
The cryptocurrency exchange Zipmex will reopen its withdrawal services for bitcoin and ether. After temporarily banning withdrawals in July, troubled cryptocurrency exchange Zipmex has scheduled the release of Ethereum and Bitcoin for the 11th and 16th of August, respectively, according to a notice made by the company. In accordance with the notification, “We will be … Read more
In spite of the regulatory obstacles, Sky Mavis, the company that is responsible for the Play-to-Earn (P2E) heavyweight Axie Infinity, is planning to “double down” in South Korea and ramp up acceptance. Jeffrey Zirlin, the co-founder of Sky Mavis and growth lead, on August 9 at Korea Blockchain Week, that despite the fact that the … Read more
According to Changpeng Zhao, CEO of Binance, the acquisition of troubled cryptocurrency exchange WazirX was “Never Completed.” The cryptocurrency exchange Binance recently disputed ownership of WazirX, which is situated in India, despite the fact that a blog post published by the business in 2019 stated just the opposite. In the meantime, WazirX is adamant that … Read more
A ruling was made in favor of Voyager Digital earlier on Thursday by Judge Michael Wiles of the United States Bankruptcy Court in New York. This allowed Voyager Digital to receive access to the cash in its custodial wallets, which will allow it to return $270 million to the customers who were negatively impacted. As … Read more
On Thursday, blockchain data startup Coherent announced that it had successfully raised $4.5 million in a seed round of funding. A former platform engineer at Coinbase owns coherent. The funding round was collaboratively led by three venture capital (VC) firms that are known for their expertise in investing in seed and early-stage funds. Matchstick Ventures, … Read more