Category: Crypto Currency

Centralised exchanges around the world are witnessing an ongoing decline in crypto trading volumes in the last three months. As per information shared by data provider CCData, June saw a monthly decline of 21.8 percent in trading volumes of digital assets. Several macro-economic factors, including the recent slump in Bitcoin’s price, launch of ETFs, and…

Indian crypto exchange WazirX informed its users about a security breach on Thursday, that reportedly led to suspicious movement of funds worth $234.9 million (roughly Rs. 1,965 crore) into a Tornado Cash-linked wallet. Many crypto investors in India have expressed apprehension about the potential loss of user funds. WazirX’s rivals in India, including CoinDCX, Giottus,…

The crypto market recorded a minor slip in terms of pricing over the last 24 hours. While most cryptocurrencies recorded price fluctuations on international exchanges on Friday, July 19, Indian exchanges showed notable price declines following the security breach of one of WazirX’s multi-signature wallets. Bitcoin, for instance, is trading at $64,056 (roughly Rs. 53.5…

WazirX was impacted in a data breach on Thursday, as the company lost funds worth $230 million (roughly Rs. 1,924 crore) to hackers. Over the past 24 hours, analysts and crypto industry executives have identified reasons to believe that this sophisticated breach could have been initiated by North Korean hackers, possibly linked to the infamous…

The crypto sector in India is comprised of both national and international exchanges, offering hundreds of cryptocurrencies for investors, similar to trading on the stock market. This week, Mumbai-based WazirX, a widely used crypto exchange in India, fell prey to cybercriminals who managed to steal over $230 million (roughly Rs. 1,924 crore) from its reserves….

Bitcoin became the beneficiary of the ongoing political drama unfolding in the US. After current US President Joe Biden dropped out of the upcoming Presidential race against Donald Trump over the weekend, Bitcoin surged to the price point of $68,007 (roughly Rs. 56.8 lakh) on international exchanges. This is the asset’s highest pricing in the…

The chaos in India’s crypto ecosystem following one of WazirX’s wallet breach is nowhere near an end for now. Over the weekend, the Indian crypto exchange hatched a bounty programme worth $23 million, hoping to recover the stolen funds worth over $230 million (roughly Rs. 1,924 crore) either from third parties, or from the hacker…

Asia’s first inverse Bitcoin exchange-traded fund that allows investors to bet on a fall in the cryptocurrency, is set to debut in Hong Kong on Tuesday. Hong Kong’s CSOP Asset Management said it will launch the CSOP Bitcoin Futures Daily (-1x) Inverse Product on the city’s stock exchange on Tuesday morning. The ETF is expected…

South Korea has implemented its much talked-about “Virtual Asset User Protection Act” that defines the dos and don’ts for crypto firms, that wish to offer their services in the nation. This legal framework is aimed at controlling and eventually curbing the exploit of crypto assets for illicit activities like money laundering and terror financing. The…

WazirX, that recently launched a bounty initiative worth $23 million (roughly Rs. 192 crore), is hoping to get its stolen funds of over $230 million (roughly Rs. 1,924 crore) traced through third party coders and hackers. The exchange, in an update shared on X, noted that it received 80 intents for its bounty initiative within…