In 2019, Binance completed the acquisition of WazirX. As part of that process, the assets of WazirX have been blocked as part of an investigation into potential violations of foreign exchange regulations. The ED has placed a freeze on assets with a total value of $8.16 million, which is equivalent to 646.70 million Indian rupees. … Read more
According to new research, despite the prolonged bear market, the cryptocurrency industry has already raised $30.3 billion in funding, which is more than what would be raised in a full year of fundraising in 2021. According to a report published on August 2 by the crypto analytics firm Messari and Dove Metrics, the data reveals … Read more
On Friday, Alex Smirnov, co-founder and project lead of DeBridge Finance, took to Twitter to disclose that his company was the target of an attempted hack by the notorious North Korean Lazarus Group. Smirnov said that the attack came from North Korea. For the purpose of transferring data and assets from one blockchain to another, … Read more
Coinbase, the world’s largest cryptocurrency exchange, and BlackRock, the world’s largest asset management, have formed a partnership to deliver new cryptocurrency entry points to institutional investors. BlackRock’s Aladdin will be connected to Coinbase Prime as a result of the strategic alliance in order to enable institutional investors with direct and hassle-free access to cryptocurrency, beginning … Read more
Nomad has offered a reward of up to 10 percent of the value of the stolen monies from the Nomad bridge in exchange for their safe return. The corporation made the location of its digital wallet publicly available through a notice posted on its website as well as a tweet. Any person who comes forward … Read more
In addition to its retail central bank digital currency (CBDC) programs and proof-of-concept Retail CBDC tests with corporate entities, the Bank of Thailand (BOT) will increase the scope of CBDC development focused on retail and enter a pilot phase shortly. One potential use of the “Retail CBDC” in real life will be tested on a … Read more
On Friday, Binance announced that its Binance Card now supports three additional alternative cryptocurrencies. Card users now can access their holdings of Avalanche (AVL), Ripple (XRP), and Shiba Inu (SHIB) (AVAX). “Convert and spend cryptocurrencies in over 60 million online and physical stores” is something cardholders can do with the Binance Card. However, to qualify … Read more
Revolut, the largest unicorn in the UK, is expanding its crypto section at a time when many other cryptocurrency companies are announcing layoffs. According to Bloomberg, the company plans to hire new employees across its European, American, and British offices to fill positions in compliance, financial fraud preventative measures, crypto legal representation, and software development. … Read more
The Wall Street Journal reported that the United States Bankruptcy Court in New York had awarded the cryptocurrency brokerage Voyager Digital authority to repay $270 million to affected customers. The United States Bankruptcy Court gave the decision in New York. On Thursday, the presiding judge Micheal Wiles gave Voyager the go-ahead to restore monies to consumers. These … Read more
The digital payments startup Block Inc., which Jack Dorsey co-founded, announced a Bitcoin impairment loss of $36 million during the second quarter. The company ascribed the loss to “broader uncertainty about crypto assets.” In a letter to its shareholders published on Thursday, Block disclosed that its Cash App, an online payments service that facilitates the … Read more