Bitcoin edges higher after Fed cuts for first time in four years
The US central bank lowered its benchmark interest rate by a half percentage point. Projections released following their two-day meeting showed a narrow majority, 10 of 19 officials, favored lowering rates by at least an additional half-point over their two remaining 2024 meetings
Bitcoin jumps most in more than a month amid Fed rate cut optimism
The largest digital currency gained as much as 6.4% to $61,337 on Tuesday, the biggest intraday increase since August 8. Smaller cryptocurrencies such as Ether, Dogecoin and Solana also rallied
Crypto firm Circle to move headquarters to New York City ahead of planned IPO
Circle's move to New York City is another sign that the cryptocurrency industry is looking to become more enmeshed with traditional finance. Companies like Goldman Sachs and BlackRock are also headquartered in the Big Apple.
Nvidia’s $406 billion drop this week makes Bitcoin look calm
The world’s largest artificial-intelligence chipmaker shed a fifth of its value over the past two weeks. The declines also showcase a more pressing issue for investors in the $2.5 trillion giant: Its volatility now dwarfs its Magnificent Seven peers and makes Bitcoin look like a port of calm
Around 55-57% of crypto assets can be returned to users after restructuring: WazirX’s legal advisors
WazirX’s users are unlikely to get full recovery of their crypto portfolio immediately after restructuring. The exchange is also exploring additional options to return more funds to the users.
Hacked crypto exchange WazirX in talks with 11 global exchanges for capital infusion; signed NDAs with three
“Three NDAs have been signed to date with prominent cryptocurrency exchanges with user bases in the range of 12 – 100 million users and between around $5 million and approximately $1.5 billion in daily trade volume,” CEO Nischal Shetty said.
CoinSwitch takes legal action against WazirX following $230-mn hack
CoinSwitch said it cumulatively held Rs 12.4 crore in INR, Rs 28.7 crore in ERC20 tokens, and Rs 39.9 crore in other tokens on WazirX.
Nandan Nilekani gives a glimpse of the next decade of India’s ‘Finternet’
Nilekani described 'Finternet' as a user-centric, unified and universal approach to finance.
Bitcoin, the world's biggest cryptocurrency, is down 20.3% from year's high of $73,794
Bitcoin fell 6.4% to $58,777 on August 27 alongside other assets, including global equities, in a broad selloff, as investors fear a US recession could be on the horizon, with rising geopolitical worries also weighing on sentiment. Watch for more.
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WazirX to open up INR withdrawals partially from Aug 26 after $230-mn hack
While crypto withdrawals would continue to remain paused due to insufficient tokens available, the exchange plans to shortly file an application in the High Court of Singapore to pursue a restructuring under a Scheme of Arrangement.
WazirX laptops were not compromised, says third party forensic report after $230-mn hack
Hacked crypto exchange WazirX hired Google subsidiary Mandiant to conduct third party forensic tests on its systems that were a part of the recent cyberattack.
WazirX ends custody partnership with Liminal, to migrate remaining assets after $230-mn hack
Earlier in an interview with Moneycontrol, founder and CEO Nischal Shetty had said that the multisig wallet that got hacked on July 18 required four people to sign in to unlock – including three from WazirX’s end and one from Liminal’s end.
Citigroup’s global head of markets digital assets Maini leaves
Maini spent more than 14 years at Citigroup, according to a profile on Linkedin, and most recently led the digital assets team under the markets division.
Crypto exchange FTX ordered to pay $12.7 billion to customers: US CFTC
FTX is currently soliciting votes on its bankruptcy proposal but faces opposition from some customers who feel short-changed by the decision to repay them based on much-lower cryptocurrency prices from November 2022
WazirX and its partners face NCLT petition over $230 million crypto theft
WazirX told Moneycontrol that it will be responding to the petition and “strongly denied” any allegations of fraud.
CoinDCX forms Rs 50-cr crypto investor protection fund after WazirX hack
“I think the case that happened in WazirX was very unfortunate. People don't like to keep 50 percent (in one wallet) because you don't put all the eggs in one basket,” CoinDCX CEO Sumit Gupta told Moneycontrol.
WazirX files FIR for $230-million hack in New Delhi
WazirX is currently in the midst of finding a solution to bail out customers and restart its operations, as the exchange has temporarily paused withdrawals and trading on its platform.
Bitcoin, ether hit multi-month lows as recession worries take hold
Shares in crypto-related U.S. stocks also plunged before the open on Monday. Miners CleanSpark, Bitfarms, Riot Platforms and Marathon Digital slumped between 12% and 18%
WazirX hack: Crypto exchange drops plan to socialise losses after backlash
Last week in an interview with Moneycontrol, WazirX’s founder and CEO Nischal Shetty had shared that he is in talks with most major global exchanges for support and to look for a potential buyer.
Crypto industry body BWA to create internal groups for cybersecurity, consumer issues after WazirX hack
The crypto industry body has said it will also review and update its existing consumer code in the wake of the cyberattack
Sent records to CERT-In, in touch with FIU, regulators: WazirX’s Nischal Shetty
Following the $230-million security breach in one of its multisig wallets and losing 45% of its holding assets, WazirX’s founder and CEO Shetty is in talks with global peers for support or finding a potential buyer.
Distress call: Hacked WazirX dials Binance for lifeline
As of July 18, Binance held WRX tokens worth around $80 million
WazirX recovery plan faces flak from customers, crypto influencers after $230-mn hack
The exchange has given two options to the customers to pick from for further plan of action. They will be able to vote for the same till August 3.
FBI reaches out to WazirX on alleged crypto heist by North Korean cybercriminals: Report
WazirX on July 18 confirmed facing security breach and temporarily stopped INR and crypto withdrawals, following the suspicious transfer of assets worth $230 million from one of its multi signature wallets.
