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India Favors BRICS Payment System, Says Institute Director

India Favors BRICS Payment System, Says Institute DirectorIndia supports the idea of an independent BRICS payments system but stresses the importance of a cautious and systematic approach. According to Ash Narain Roy, Director of India’s Institute of Social Sciences, thorough discussions among all parties are essential before making any decisions. He noted that many BRICS members share this cautious perspective. India Supports […]

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Wazirx: Withdrawals and Trading Paused for All Users, Over 80 Bounty Intents Received Within 24 Hours

Wazirx: Withdrawals and Trading Paused for All Users, Over 80 Bounty Intents Received Within 24 HoursIndian cryptocurrency exchange Wazirx is working to resume withdrawals after a major security breach compromised a multisig wallet, resulting in the theft of over $230 million. The exchange has paused deposits, withdrawals, and trading, and launched a $23 million bounty program to recover the stolen assets. Within 24 hours, Wazirx received over 80 intents for […]

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Wazirx Offers $23M Bounty to Recover Stolen Assets After Massive Security Breach

Wazirx Offers M Bounty to Recover Stolen Assets After Massive Security BreachIndian crypto exchange Wazirx has announced a $23 million bounty program to recover assets stolen in a cyberattack on its multisig wallet. Emphasizing community involvement, co-founder Nischal Shetty outlined the rewards for tracking, freezing, and ethically recovering the stolen funds. He insists that the attack was not due to phishing but involved multiple hardware wallets […]

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Wazirx Prepares Bounty Program to Recover $230 Million Stolen in Security Breach

Wazirx Prepares Bounty Program to Recover 0 Million Stolen in Security BreachWazirx co-founder Nischal Shetty has updated the public on the $230 million security breach affecting the Indian crypto exchange. The Wazirx team is preparing a bounty program, engaging with expert teams to trace the stolen funds, and collaborating with other exchanges. “This is an unprecedented attack on one of the largest crypto exchanges in India. […]

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Indian Crypto Exchange Wazirx Updates on Major Multisig Wallet Hack

Indian Crypto Exchange Wazirx Updates on Major Multisig Wallet HackIndian cryptocurrency exchange Wazirx has provided an update on the over $230 million security breach in its multisig wallet, which involved Liminal’s custody services. The exchange detailed the incident and ongoing recovery efforts, promising transparency and further updates. “We have already blocked a few deposits and reached out to concerned wallets for recovery,” the crypto […]

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Indian Crypto Exchange Wazirx Suspends Withdrawals Amid $230M Security Breach

Indian Crypto Exchange Wazirx Suspends Withdrawals Amid 0M Security BreachIndian crypto exchange Wazirx has announced a security breach affecting one of its multisig wallets, resulting in the theft of over $230 million. Cryptocurrency and INR withdrawals have been halted as the team investigates the incident, with blockchain investigators Zachxbt and Mudit Gupta offering insights into the sophisticated hack. Wazirx Security Breach Halts Withdrawals After […]

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Putin on Dedollarization: 80% of Russia-China Trade in Rubles and Yuan

Putin on Dedollarization: 80% of Russia-China Trade in Rubles and YuanRussian President Vladimir Putin highlights economic integration and dedollarization at the Shanghai Cooperation Organisation (SCO) Heads of State Council meeting, chaired by Indian Prime Minister Narendra Modi. “We are making wider use of national currencies for mutual settlements,” Putin stated, adding that over 80% of commercial transactions between Russia and the People’s Republic of China […]

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Indian Crypto Exchange Coindcx Going Global With Bitoasis Acquisition

Indian Crypto Exchange Coindcx Going Global With Bitoasis AcquisitionIndian crypto exchange Coindcx is expanding globally by acquiring the Middle Eastern digital asset platform Bitoasis. This strategic move enhances Coindcx’s presence in the Middle East and North Africa (MENA) region while allowing Bitoasis to retain its branding and leadership, signaling a new phase of growth and maturity for both companies. Big Milestone: 2 Market […]

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

India’s Digital Rupee Usage Drops Drastically After Initial Surge

India’s Digital Rupee Usage Drops Drastically After Initial SurgeIndia’s central bank digital currency (CBDC), the digital rupee, has experienced a significant decline in usage, decreasing to a tenth of its peak in December 2023, according to sources involved in the pilot project. The Reserve Bank of India (RBI) initially reached 1 million daily retail transactions with the digital rupee by incentivizing banks and […]

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

Indian Authority Fines Crypto Exchange Binance $2.25 Million for AML Violations

Indian Authority Fines Crypto Exchange Binance .25 Million for AML ViolationsIndia’s Financial Intelligence Unit has fined crypto exchange Binance $2.25 million (₹18.8 crore) for non-compliance with anti-money laundering (AML) regulations. Binance’s return to India is seen as challenging, especially after the government’s tax measures significantly reduced daily trades on some major local crypto exchanges. This fine follows Binance’s global scrutiny and former CEO Changpeng Zhao […]

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report