The Indian cryptocurrency landscape is currently embroiled in controversy, particularly surrounding WazirX, one of the country’s leading exchanges. Accusations have surfaced claiming that WazirX transferred approximately $75 million in cryptocurrency assets to two well-known exchanges—Bybit and KuCoin—without notifying its users. These claims follow a disclosure made by WazirX regarding over 240,000 wallet addresses, which came
Crypto
Yuichiro Tamaki, the figurehead of Japan’s Democratic Party for the People (DPP), recently laid out an ambitious plan aimed at revitalizing the nation’s approach to cryptocurrency through a comprehensive tax reform. If successful in the upcoming election, he intends to overhaul the existing taxation framework that currently imposes a steep 55% tax rate on crypto
Meme coins have emerged as a unique segment within the cryptocurrency market, often characterized by their rapid price fluctuations and community-driven enthusiasm. Unlike traditional cryptocurrencies that focus on technological advancements or underlying utility, meme coins often derive their value and popularity from internet culture, humor, and viral trends. This makes them particularly attractive to new
As the United States approaches another pivotal Election Day, the excitement is palpable not just in political arenas but also in financial markets, particularly in the realm of digital assets. Recent data highlights a remarkable uptick in investments—digital asset inflows soared to a staggering $2.2 billion in the past week alone, representing the highest figures
Dogecoin (DOGE), once regarded as a niche meme cryptocurrency, is currently experiencing a resurgence in value and public interest. The coin’s recent spike can be largely attributed to the engagement of high-profile figures, most notably Elon Musk, the CEO of Tesla and SpaceX. Speculation is abuzz regarding the potential impact of Musk’s association with a
In an alarming development, the Hong Kong Police Force (HKPF) has dismantled a large-scale fraud operation that exploited advanced technology to bring about devastating financial losses for unsuspecting victims. This sophisticated scheme, which netted approximately $46 million, predominantly targeted individuals through faux online romantic relationships. The clever use of deep fake technology allowed fraudsters to
During the past weekend, Bitcoin (BTC) exhibited a notable calm, as predicted by many analysts, settling firmly above the $68,000 mark. This period of stabilization following substantial price fluctuations highlights the ongoing volatility in the cryptocurrency market. Many altcoins, while showing slight dips over the previous day, had nevertheless enjoyed a strong trading week filled
In a significant move against financial fraud, Binance has joined forces with the Delhi Police to dismantle an intricate scam orchestrated by the entity known as “M/s Goldcoat Solar.” The collaboration led to multiple arrests and the recovery of more than 100,000 USDT in cryptocurrencies, underscoring the growing trend of cooperation between cryptocurrency platforms and
Bitget’s native wallet has marked a significant milestone by surpassing 40 million users, an impressive growth trajectory of over 100% since March 2024. This substantial leap in user engagement has positioned Bitget as a formidable contender in the crypto app market, bringing them closer to the industry giant, Binance. In the month of September alone,
The landscape of spot Bitcoin Exchange-Traded Funds (ETFs) has experienced a remarkable transformation over the past week, marked by unprecedented growth and interest. With net inflows exceeding $2 billion, this has proven to be the most successful five-day trading period for the 11 US-based spot Bitcoin ETFs since mid-March. This surge not only reflects a
