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CryptoBawa
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Binance crypto exchange is Set to restart operations in India . Guys very soon we will be able to see binance Working officially in India it's really Big news for India crypto investors and institutions 🥳🥳🥳🥳🥳🥳#Binance #cryptoindia
Binance crypto exchange is Set to restart operations in India .
Guys very soon we will be able to see binance Working officially in India it's really Big news for India crypto investors and institutions 🥳🥳🥳🥳🥳🥳#Binance #cryptoindia
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Coinpedia
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Fake Tweet on Bitcoin ETF Approval Causes Chaos in Crypto Market: 900 Million Liquidations in 24 ...
The post Fake Tweet on Bitcoin ETF Approval Causes Chaos in Crypto Market: 900 Million Liquidations in 24 Hours appeared first on Coinpedia Fintech News

The U.S. Securities and Exchange Commission (SEC) faced a major cybersecurity incident yesterday, causing disarray in the highly anticipated decision on Bitcoin exchange-traded funds (ETFs). A fake post claiming approval for the products, originating from a compromised SEC account on X, sent the cryptocurrency’s price soaring briefly before authorities launched an investigation.

How it Impacted the Crypto Market

The fake tweet caused an immediate surge in the Bitcoin price, which almost reached $48,000 at the time. Then, at 4:26 p.m., Gary Gensler, chair of the SEC, posted that the agency’s account had been hacked, resulting in an unauthorized fake tweet. At this point, the price of bitcoin was triggered to suddenly drop to $46,800 and fall to $45,881.

900 Million Liquidation Due to Fake News

The cryptocurrency market experienced a substantial drop in value after a fake approval post for spot exchange-traded funds (ETFs). Bitcoin’s market capitalization plummeted by approximately $50 billion within the last 24 hours, according to Coinglass data. The top cryptocurrency’s price dropped to $890 billion before recovering to around $900 billion at press time. 

Security Measures

The incident has raised questions about the SEC’s security measures to protect its social accounts. Some market participants have criticized the regulator’s seemingly lax approach to protecting its social accounts and raised concerns about how the SEC can safeguard trillion-dollar markets if it cannot protect its social accounts. 
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Aman Sai
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🚨 New #crypto tax reporting obligations took effect on Jan 1.

If you receive $10k or more in crypto you now have an obligation to report the transaction (including names, addresses, SS numbers, etc.) to the IRS within 15 days under threat of a felony charge.

I think we are using bank accounts not crypto 😂 lol

I like cex but this ecosystem need more dex 🫡
The design of the Central Bank Digital Currency (CBDC) or digital rupee will be the least disruptive and will not replace the physical currency, Executive Director of the RBI Ajay Kumar Choudhary said...!! #Binance #BNB #rbi #cryptoindia #cryptoonindia
The design of the Central Bank Digital Currency (CBDC) or digital rupee will be the least disruptive and will not replace the physical currency, Executive Director of the RBI Ajay Kumar Choudhary said...!! #Binance #BNB #rbi #cryptoindia #cryptoonindia
🚨BREAKING: Indian Govt 🇮🇳 has officially announced that all Crypto businesses would come under PMLA Act 2022. Now onwards Crypto Transactions will be reported, monitored and screened, a great step for clarity on Crypto Regulations. #cryptoindia #bicasso #buildtogether
🚨BREAKING: Indian Govt 🇮🇳 has officially announced that all Crypto businesses would come under PMLA Act 2022. Now onwards Crypto Transactions will be reported, monitored and screened, a great step for clarity on Crypto Regulations. #cryptoindia #bicasso #buildtogether

🇮🇳 Reserve Governor Shaktikanta Das: “Cryptocurrency” can be a “real danger” to the Banks directly or indirectly.🚶‍♂️ #cryptoindia #crypto2023 #BTC
🇮🇳 Reserve Governor Shaktikanta Das: “Cryptocurrency” can be a “real danger” to the Banks directly or indirectly.🚶‍♂️

#cryptoindia #crypto2023 #BTC
India is 7th biggest nation ready to adopt crypto i 2023: report According to HedgewithCrypto research, Australia is the biggest country when it comes to the adoption of cryptocurrency in 2023 with a score of 7.37 out of 10. #BTC #cryptoindia #india #BTC #cryptoonindia
India is 7th biggest nation ready to adopt crypto i 2023: report

According to HedgewithCrypto research, Australia is the biggest country when it comes to the adoption of cryptocurrency in 2023 with a score of 7.37 out of 10.

#BTC #cryptoindia #india #BTC #cryptoonindia
Breaking News 🇮🇳 : Indian Exchange Wazirx Hacked 🚨 Exchange safe multisig wallet on $ETH has been compromised 🤐 $234Million+ transferred 📌 #wazirx #crypto #cryptoindia
Breaking News 🇮🇳 : Indian Exchange Wazirx Hacked 🚨

Exchange safe multisig wallet on $ETH has been compromised 🤐

$234Million+ transferred 📌

#wazirx #crypto #cryptoindia
WazirX to Phase In Indian Rupee Withdrawals Starting Aug. 26 Indian crypto exchange WazirX has announced that it will re-enable rupee withdrawals on the platform. However, the rupee withdrawal services will be reintroduced in a phased manner with users getting access to withdraw 66% of their INR balances on the exchange over the next month. Specifically, the exchange said its customers could withdraw half the limit (33%) from Aug. 26 to Sept. 8 and the remainder (33%) from Sept. 9 to Sept. 22. The company stated that it had to continue keeping the remaining 34% of their INR balances frozen due to investigations by law enforcement agencies. The timeline for the release of those frozen balances is unclear. #wazirX #cryptoindia #MtGoxRepayments #PowellAtJacksonHole #CryptoMarketMoves
WazirX to Phase In Indian Rupee Withdrawals Starting Aug. 26

Indian crypto exchange WazirX has announced that it will re-enable rupee withdrawals on the platform. However, the rupee withdrawal services will be reintroduced in a phased manner with users getting access to withdraw 66% of their INR balances on the exchange over the next month.

Specifically, the exchange said its customers could withdraw half the limit (33%) from Aug. 26 to Sept. 8 and the remainder (33%) from Sept. 9 to Sept. 22.

The company stated that it had to continue keeping the remaining 34% of their INR balances frozen due to investigations by law enforcement agencies. The timeline for the release of those frozen balances is unclear.

#wazirX #cryptoindia #MtGoxRepayments #PowellAtJacksonHole #CryptoMarketMoves
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Nadyisom
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1. Indian exchanges are promoting themselves as being FIU-compliant (following financial regulations) instead of focusing on the main problems faced by users.

2. The real problems that users are experiencing are:
a. Low liquidity: There is not enough buying and selling happening on the exchanges, making it hard to trade.
b. Difficult user interface (UI): The design and how the exchanges work are confusing and not user-friendly.
c. Issues with withdrawing money: Users are having trouble taking out their funds from the exchanges.
d. Limited variety of altcoins: There are not enough different types of cryptocurrencies available for trading.
e. Late listing of promising coins: The exchanges are adding new cryptocurrencies too late, missing out on good opportunities.
f. Lack of proper support team: Users don't have enough help and assistance from the exchanges when they need it.
g. Using order books from international exchanges: The exchanges rely on other exchanges' order books instead of having their own.

To make things better, Indian exchanges should focus on improving these core problems and providing a smoother and more user-friendly experience for their users.
🚨BREAKING: Indian Govt 🇮🇳 has officially announced that all Crypto businesses would come under PMLA Act 2022. Now onwards Crypto Transactions will be reported, monitored, and screened, a great step for clarity on Crypto Regulations.  #cryptoindia  #bicasso  #buildtogether
🚨BREAKING:

Indian Govt 🇮🇳 has officially announced that all Crypto businesses would come under PMLA Act 2022. Now onwards Crypto Transactions will be reported, monitored, and screened, a great step for clarity on Crypto Regulations. 

#cryptoindia

 #bicasso

 #buildtogether
Quoted content has been removed
😆Good News 🔥😁 Crypto👇👍The Supreme Court has refused to entertain a petition seeking a direction to the Centre and others to frame guidelines for regulation of trading and mining of cryptocurrencies.#cryptocab #cryptoindia #crypto #cryptobharat
😆Good News 🔥😁 Crypto👇👍The Supreme Court has refused to entertain a petition seeking a direction to the Centre and others to frame guidelines for regulation of trading and mining of cryptocurrencies.#cryptocab #cryptoindia #crypto #cryptobharat
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