Sahil Arora, an Indian entrepreneur based in Dubai, has made headlines for his association with high-profile celebrity-backed meme coins. His journey in the digital asset world began in 2017 with the launch of Vuzelaa Group in India, which aimed to install Bitcoin ATMs globally. While his early projects like ZelaaPayAE and ZelaaNFT did not succeed,
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The world of cybersecurity is constantly evolving, with new threats emerging each year. One of the most significant trends in 2024 is the notable rise in stolen funds and ransomware attacks. According to recent reports, the amount of stolen funds in crypto scams has almost doubled from $857 million to $1.58 billion by late July.
Last night, Senator Chuck Schumer, alongside other prominent Democrats, voiced their support for crypto at a Crypto4Harris event. Schumer stressed the importance of regulatory clarity and bipartisan collaboration in shaping the future of the industry. He highlighted the need for common-sense regulations and expressed his goal of passing comprehensive crypto legislation by the end of
Following a devastating $235 million hack, Indian crypto exchange WazirX has taken steps to improve the security of its remaining assets. One of the key changes involves ending its asset custody arrangement with Liminal. In an official statement released on Aug. 14, WazirX announced that it was in the process of moving its assets from
Metaplanet has recently made a significant investment in bitcoin, purchasing approximately $3.3 million worth of the cryptocurrency. This move is part of the Japanese investment firm’s broader strategy to expand its bitcoin holdings. With the latest purchase, Metaplanet now possesses a total of 303.095 BTC acquired for $20 million. It is clear that the company
Proof of Exposure, a system developed by Confiction Labs, is a significant advancement in the ongoing battle against Web3 gaming bots. The system incorporates NFT allowlist verification to ensure that only genuine users are granted access to mint the NFT collection, XPSR-24, within the FICT ONE: Occultical universe. With the prevalence of automated bot accounts
Brazilian regulators recently reached a settlement with the cryptocurrency exchange Binance, requiring the company to pay $1.76 million to resolve allegations of unlicensed derivatives trading in the country. This settlement with the Comissão de Valores Mobiliários (CVM), Brazil’s securities regulator, brings an end to a year-long investigation into Binance’s operations in Brazil. The regulatory crackdown
Core Scientific, a Bitcoin mining company based in Texas, has recently announced an increase in its offering to $400 million in 3.00% convertible senior notes due in 2029. Originally set at $350 million, the offering was upsized due to favorable market conditions. The notes are scheduled to settle on August 19, 2024, and will be
In a groundbreaking move, the cryptocurrency exchange based in Singapore, Crypto.com, has announced a landmark partnership with the Union of European Football Associations (UEFA) Champions League. This partnership is unlike any other, as Crypto.com will be the official global sponsor of the UEFA Champions League, making it the first and exclusive crypto platform partner for
As Bitcoin hovers below the $20,000 mark for almost two years now, there are contrasting views on whether it will ever reach this high again. One analyst, however, has a different perspective. According to the analyst known as “Without Worries,” the Bitcoin price falling back to $20,000 is not a matter of if, but when.
