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North Korea Signals Closer BRICS Relations Amid Growing Russia Ties

North Korea Signals Closer BRICS Relations Amid Growing Russia TiesNorth Korea may be ramping up efforts to align itself with the BRICS economic bloc, as its top diplomat skipped the United Nations General Assembly in favor of a BRICS-related event. Analysts suggest that while Kim Jong-un seeks to break diplomatic isolation through such alliances, North Korea’s sanctions and economic constraints make membership unlikely. Recent […]

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BRICS to Discuss Alternative Payment Platforms at Upcoming Summit

BRICS to Discuss Alternative Payment Platforms at Upcoming SummitRussian Foreign Minister Sergey Lavrov announced that a report on alternative payment systems for BRICS nations will be presented at an upcoming summit in Kazan. The proposal, led by Brazilian President Lula da Silva, seeks to reduce reliance on traditional financial platforms. Lavrov emphasized the increasing use of national currencies in BRICS trade, particularly with […]

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BRICS Beats Dollar Dependence: National Currency Settlements Exceed USD Payments

BRICS Beats Dollar Dependence: National Currency Settlements Exceed USD PaymentsThe BRICS bloc might have already overcome its dollar-dependence problem, as the volume of settlements in the national currencies of its member nations has already surpassed the USD-based exchanges. Using the U.S. dollar can lead to expenses that can be avoided when paying with other currencies, BRICS Deputy Chairman of the Chamber of Commerce and […]

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Supreme Court of India’s Youtube Channel Hacked to Promote XRP Scam

Supreme Court of India’s Youtube Channel Hacked to Promote XRP ScamThe Youtube channel of India’s Supreme Court was compromised, promoting a scam involving XRP cryptocurrency instead of its usual live hearings. The breach temporarily shut down the channel, but services resumed later that day. Ripple CEO Brad Garlinghouse responded, condemning the exploitation of crypto users. XRP Scam Promoted on Supreme Court of India’s Youtube Channel […]

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Indian Supreme Court recovers YouTube account from XRP scammers

XRP scammers hacked the Supreme Court of India’s YouTube account, and although it was recovered, it lost its subscriber base.

The Supreme Court of India regained control of its official YouTube account shortly after it was hijacked by cryptocurrency scammers selling fake XRP investments.

On Sept. 20, the Supreme Court of India’s YouTube account was used to broadcast a livestream video about fake XRP (XRP) investments featuring Ripple Labs CEO Brad Garlinghouse.

The hackers rebranded the channel to resemble Ripple and deleted all previously uploaded content, as shown in the screenshot below.

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FATF Urges India to Strengthen Virtual Asset Regulation

FATF Urges India to Strengthen Virtual Asset RegulationIndia has achieved a high level of technical compliance with Financial Action Task Force (FATF) standards, addressing illicit finance, money laundering, and terrorist financing. In a joint assessment with regional bodies, the FATF praised India’s progress but pointed out areas needing improvement, especially in regulating the non-financial sector and virtual asset providers. The country was […]

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Indian crypto exchange WazirX struggles to recover funds 60 days after hack

WazirX’s $235 million hack recovery efforts face hurdles as internal findings yield little to no significant breakthroughs. 

Two months after hackers managed to steal over $230 million from India-based crypto exchange WazirX, the status of customer funds remains in doubt as the exchange and its custody provider, Liminal, continue to play the blame game.

Both firms continue to accuse the other of being at fault for the breach that allowed the hacker to steal customer funds, and there appears to be no resolution in sight, especially with internal investigations seemingly moving ahead at a snail’s pace.

Most recently, the firm faced legal threats from its customers, with the most notable pursuant being another rival exchange, CoinSwitch. The company initiated legal action against Wazir to recover 2% of its funds worth approximately $6.2 million. 

Source: CoinSwitch

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Binance Rejects Wazirx’s Claims — Denies Responsibility for Hack Consequences

Binance Rejects Wazirx’s Claims — Denies Responsibility for Hack ConsequencesCrypto exchange Binance has responded to accusations from Wazirx and Zettai about how its dispute with Wazirx affects user funds lost in the July cyberattack. The company insists that responsibility for the incident lies with Wazirx’s management under Zanmai and Zettai, not Binance. Rejecting claims from co-founder Nischal Shetty, Binance maintains it “bears no responsibility […]

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BRICS Gains Global Appeal as 34 Countries Show Interest, Putin Reveals

BRICS Gains Global Appeal as 34 Countries Show Interest, Putin RevealsRussian President Vladimir Putin revealed that 34 countries have shown interest in joining BRICS activities, highlighting the global appeal of the group. He detailed Russia’s role in facilitating the integration of new members, sharing updates on BRICS activities under Russia’s chairmanship. 34 Countries Show Interest in BRICS, Putin Says Russian President Vladimir Putin said on […]

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India, Nigeria, Indonesia Lead Chainalysis 2024 Crypto Adoption Index

India, Nigeria, Indonesia Lead Chainalysis 2024 Crypto Adoption IndexIndia, Nigeria, and Indonesia top Chainalysis’ latest global crypto adoption index, which ranks 151 countries based on grassroots cryptocurrency usage, adjusted for population and purchasing power. The report notes strong growth in crypto activity, particularly in lower-income nations. Chainalysis Highlights Global Cryptocurrency Adoption Blockchain data analytics firm Chainalysis published an excerpt from its 2024 Geography […]

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