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Customers of Indian crypto exchange WazirX unlikely to recover full funds
Customers of WazirX, the Indian cryptocurrency exchange that suffered a $234 million hack in July, are unlikely to recover their funds in full through the ongoing restructuring process, a company legal adviser said on Monday.
George Gwee, a director at restructuring firm Kroll working with WazirX, said that at least 43% of the money any customer had in WazirX is unlikely to be recovered. Last week, WazirX asked a Singapore High Court for six months’ protection while it restructures its liabiliti
George Gwee, a director at restructuring firm Kroll working with WazirX, said that at least 43% of the money any customer had in WazirX is unlikely to be recovered. Last week, WazirX asked a Singapore High Court for six months’ protection while it restructures its liabiliti
Crypto: A Massive Transfer of Dogecoin to Binance Rekindles Speculation
$DOGE
A colossal transfer of Dogecoin shakes the markets. A transaction of 118 million DOGE, equivalent to approximately 13.3 million dollars, was made to Binance. This news, relayed by Whale Alert, a service that tracks large-scale crypto movements, has triggered a wave of speculation about the intentions of the involved parties. This significant movement could be a strong signal of upcoming trends for Dogecoin.
Unexpected Transfer and Immediate Speculations
A recent significa
A colossal transfer of Dogecoin shakes the markets. A transaction of 118 million DOGE, equivalent to approximately 13.3 million dollars, was made to Binance. This news, relayed by Whale Alert, a service that tracks large-scale crypto movements, has triggered a wave of speculation about the intentions of the involved parties. This significant movement could be a strong signal of upcoming trends for Dogecoin.
Unexpected Transfer and Immediate Speculations
A recent significa
Bitcoin, Binance, Ethereum, Solana, and Ripple: The Biggest Crypto News of the Past Week
Between revolutionary announcements, technological evolutions, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a territory of limitless innovations and a battlefield for regulatory and economic battles. Here is a summary of the most significant news of the past week around Bitcoin, Ethereum, Binance, Solana, and Ripple.
Arrest of Telegram CEO and TON Crypto Crash
On August 24, 2024, Pavel Durov, CEO and founder of Telegram, was arrested in France, accused of p
Arrest of Telegram CEO and TON Crypto Crash
On August 24, 2024, Pavel Durov, CEO and founder of Telegram, was arrested in France, accused of p
Telegram CEO's Arrest: Who Is Juli Vavilova, Mysterious Woman And Multilingual Crypto Coach Behind Pavel Durov's Downfall?$BTC
Telegram CEO Pavel Durov was arrested by French police on Saturday evening at Le Bourget airport. Alongside him, attention has turned to a mysterious woman, identified as Juli Vavilova, who was also reportedly detained with Durov at the airport. Vavilova, believed to be his girlfriend, is suspected to be linked to the reasons behind Durov's arrest.
#DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #PowellAtJacksonHole #CryptoMarketMoves
$BTC
Telegram CEO Pavel Durov was arrested by French police on Saturday evening at Le Bourget airport. Alongside him, attention has turned to a mysterious woman, identified as Juli Vavilova, who was also reportedly detained with Durov at the airport. Vavilova, believed to be his girlfriend, is suspected to be linked to the reasons behind Durov's arrest.
#DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #PowellAtJacksonHole #CryptoMarketMoves
$BTC
Bitcoin crashes over 6% to $58k before attempting recovery
The majority of the losses were recorded in less than an hour after Bitcoin lost the key $61,000 support level.
Bitcoin (BTC) fell over 6% on Aug. 27 to a low of $57,880 before marking a slight recovery.
The majority of the losses were recorded in less than an hour after Bitcoin lost the key $61,000 support level and continued sliding until finding a new floor.
As of press time, the flagship crypto was still down 6% over the past 24 hours and trading at $59,300 as bulls attempt a recovery, base
Bitcoin (BTC) fell over 6% on Aug. 27 to a low of $57,880 before marking a slight recovery.
The majority of the losses were recorded in less than an hour after Bitcoin lost the key $61,000 support level and continued sliding until finding a new floor.
As of press time, the flagship crypto was still down 6% over the past 24 hours and trading at $59,300 as bulls attempt a recovery, base
Who is Juli Vavilova, Gamer And Crypto Coach, Linked To Telegram CEO Pavel Durov’s Arrest?
Juli Vavilova, is a gamer and streamer, who has been spotted with Durov in the days leading up to his arrest.
A woman who goes by the Juli Vavilova was detained when French police arrested Pavel Durov, CEO of the widely-used messaging app Telegram, last Saturday. The woman’s involvement, whom many on the internet have termed as ‘mysterious’ has led many to speculate if it was her videos and social media posts that led to Durov’s arrest.
France held the Russian-born founder of Telegram Pavel Dur
A woman who goes by the Juli Vavilova was detained when French police arrested Pavel Durov, CEO of the widely-used messaging app Telegram, last Saturday. The woman’s involvement, whom many on the internet have termed as ‘mysterious’ has led many to speculate if it was her videos and social media posts that led to Durov’s arrest.
France held the Russian-born founder of Telegram Pavel Dur
Telegram-linked Crypto token sheds $2.7 billion after CEO Pavel Durov held
Toncoin loses $2.7 billion in market value after Telegram co-founder Pavel Durov's detention in Paris.
A digital asset from a blockchain project linked to Telegram Messenger LLP has lost about $2.7 billion in market value, reflecting the uncertainty sparked by the detention of the messaging app’s co-founder.
Toncoin, the token of The Open Network, slid more than 20% after Pavel Durov was reportedly taken into custody at a Paris airport on Saturday on suspicion of failing to take steps to preven
A digital asset from a blockchain project linked to Telegram Messenger LLP has lost about $2.7 billion in market value, reflecting the uncertainty sparked by the detention of the messaging app’s co-founder.
Toncoin, the token of The Open Network, slid more than 20% after Pavel Durov was reportedly taken into custody at a Paris airport on Saturday on suspicion of failing to take steps to preven
Bitcoin millionaires surge 111% in a year amid crypto rally
There are now 85,400 Bitcoin millionaires, more than double the amount from 2023.
The number of Bitcoin millionaires around the world soared by 111% in the last year, with 85,000 people now holding over $1 million in BTC, according to a new wealth survey.
According to the Crypto Wealth Report 2024 from Henley and Partners, the number of people holding more than $1 million in Bitcoin
$BTC 59,226
In May, Cointelegraph spoke with several newly minted crypto millionaires about the many changes th
The number of Bitcoin millionaires around the world soared by 111% in the last year, with 85,000 people now holding over $1 million in BTC, according to a new wealth survey.
According to the Crypto Wealth Report 2024 from Henley and Partners, the number of people holding more than $1 million in Bitcoin
$BTC 59,226
In May, Cointelegraph spoke with several newly minted crypto millionaires about the many changes th
Bitcoin rally helps create more than 84,000 new crypto millionaires
$BTC The population of crypto millionaires in the world soared 95% over the past year, as bitcoin ETFs and other crypto assets climbed, according to a new report.There are now 172,300 individuals worldwide holding over $1 million in crypto assets, according to a report from New World Wealth and Henley & Partners. The number of pure bitcoin millionaires more than doubled, to 85,400.The surge reflects the rapid growth of bitcoin ETFs, awhich now have over $50 billion in assets since
Chainalysis: Value of Crypto Hacks, Ransomware Payments Rise in 2024
The value of funds taken in hacking activities and ransomware attacks rose during the first seven months of the year.
These increases were driven by the higher value of bitcoin and by ransomware attacks targeting larger organizations, Chainalysis said in a Thursday (Aug. 15) crypto crime mid-year update.
Stolen funds inflows rose by about 84% during the first seven months of 2024 compared to the previous year, rising from $857 million to $1.58 billion, according to the update.
Part of the increa
These increases were driven by the higher value of bitcoin and by ransomware attacks targeting larger organizations, Chainalysis said in a Thursday (Aug. 15) crypto crime mid-year update.
Stolen funds inflows rose by about 84% during the first seven months of 2024 compared to the previous year, rising from $857 million to $1.58 billion, according to the update.
Part of the increa
Metamask Partners With Mastercard to Launch Crypto-Backed Debit Card in Europe
Metamask has teamed up with Mastercard and Baanx to launch a debit card that lets users spend their crypto assets directly from their self-custody wallets. Consensys, the firm behind the project, views this new card as a pivotal step in weaving digital currencies into everyday life.
Mastercard and Metamask Team Up to Launch Crypto Debit Card
As per the announcement, Metamask’s debit card aims to empower users to make purchases with cryptocurrency without the need to convert funds into fiat throu
Mastercard and Metamask Team Up to Launch Crypto Debit Card
As per the announcement, Metamask’s debit card aims to empower users to make purchases with cryptocurrency without the need to convert funds into fiat throu
Senate Majority Leader: Bipartisan Crypto Legislation Could Pass in 2024
Senate Majority Leader Chuck Schumer is optimistic about passing bipartisan crypto legislation by year’s end, stressing the importance of collaboration to keep the U.S. at the forefront of innovation. At the “Crypto4Harris” event supporting Vice President Kamala Harris’ campaign, Schumer emphasized the inevitability of cryptocurrency and the need for well-crafted legislation.
Schumer Optimistic About Bipartisan Crypto Regulation
Senate Majority Leader Chuck Schumer expressed optimism Wednesday e
Schumer Optimistic About Bipartisan Crypto Regulation
Senate Majority Leader Chuck Schumer expressed optimism Wednesday e
Bitcoin price declines as the US government transfers over $590 million worth of BTC
Arkham Intelligence data shows that a wallet associated with the US government transferred 10,000 BTC, worth $593.5 million, to Coinbase Prime on Wednesday. Bitcoin Spot ETFs recorded a mild outflow of $81.40 million on Wednesday.On-chain data shows that BTC's daily active addresses are decreasing, signaling a bearish move ahead.
Bitcoin (BTC) price trades in the red for a second consecutive day on Thursday, down by 1.16% at $58,105. Sentiment around the main crypto asset seems to have deteriora
Bitcoin (BTC) price trades in the red for a second consecutive day on Thursday, down by 1.16% at $58,105. Sentiment around the main crypto asset seems to have deteriora
Pi Network May Crack Down on Bot-Mined Pi Coins
Pi coins earned by scripts, bots and inactive accounts can be "freed up," enabling genuine Pioneers to mine them in the future.
Pi Network, the revolutionary blockchain platform, may announce a new regulation that Pi Coins earned by scripts, bots, or abandoned accounts might not be transferred to the Mainnet.
According to unverified reports, the platform aims to reward genuine users by releasing these unclaimed Pi Coins coins back into circulation for active mining. This would mean Pi coins ear
Pi Network, the revolutionary blockchain platform, may announce a new regulation that Pi Coins earned by scripts, bots, or abandoned accounts might not be transferred to the Mainnet.
According to unverified reports, the platform aims to reward genuine users by releasing these unclaimed Pi Coins coins back into circulation for active mining. This would mean Pi coins ear
Important Pi Network (PI) Update
Pi Network is one of the most controversial projects in the cryptocurrency industry. Launched more than six years ago, there’s still no clear indication of when its users can expect some sort of straightforward token launch.
That said, the core team behind the project recently made a statement, updating its followers on the progress.
According to the announcement, the network has reached over 13 million users who have already passed Know-Your-Customer (KYC) procedures and six million users who have migrated to the mainnet.
It’s worth noting, though, that despite how this announcement is worded, the mainnet in question is not launched. Instead, “migrated to mainnet” means that these users have completed a “mainnet checklist,”
#BTC #BinanceSquareFamily #BinanceEarnProgram #pi #PiNetwok
$BTC
$pi
Pi Network is one of the most controversial projects in the cryptocurrency industry. Launched more than six years ago, there’s still no clear indication of when its users can expect some sort of straightforward token launch.
That said, the core team behind the project recently made a statement, updating its followers on the progress.
According to the announcement, the network has reached over 13 million users who have already passed Know-Your-Customer (KYC) procedures and six million users who have migrated to the mainnet.
It’s worth noting, though, that despite how this announcement is worded, the mainnet in question is not launched. Instead, “migrated to mainnet” means that these users have completed a “mainnet checklist,”
#BTC #BinanceSquareFamily #BinanceEarnProgram #pi #PiNetwok
$BTC
$pi
FBI Breaks Silence about BTC Creator Satoshi Nakamoto, XRP Sees $12 Billion
FBI breaks silence about Bitcoin creator Satoshi Nakamoto
Dave Troy, prominent investigative journalist and entrepreneur, has recently made a Freedom of Information Act (FOIA) request to the FBI, in which he asked for information about Satoshi Nakamoto, anonymous creator of Bitcoin. The bureau responded to the request, stating that Satoshi could be "one or more third-party individuals" and that it can "neither confirm nor deny" the existence of records about them. As follows from Troy's comment
Dave Troy, prominent investigative journalist and entrepreneur, has recently made a Freedom of Information Act (FOIA) request to the FBI, in which he asked for information about Satoshi Nakamoto, anonymous creator of Bitcoin. The bureau responded to the request, stating that Satoshi could be "one or more third-party individuals" and that it can "neither confirm nor deny" the existence of records about them. As follows from Troy's comment
Binance returns to India after seven months, website and apps go live
World’s largest crypto exchange Binance is back with a bang in India, as its website and app go live following nearly seven months of ban for not registering with the Financial Intelligence Unit in India (FIU-IND).
The exchange announced the same on August 15, adding that this marks its 19th global regulatory milestone and its commitment to compliance with anti-money laundering (AML) standards in India as well as any other jurisdiction it operates in.
Richard Teng, CEO of Binance, said, “Our reg
The exchange announced the same on August 15, adding that this marks its 19th global regulatory milestone and its commitment to compliance with anti-money laundering (AML) standards in India as well as any other jurisdiction it operates in.
Richard Teng, CEO of Binance, said, “Our reg
Binance set to resume operations in India with FIU-IND registration
Global crypto exchange Binance on Thursday registered itself as a reporting entity with the Financial Intelligence Unit India (FIU-IND) over six months after receiving a show-cause notice from the finance ministry for non-compliance with the country's anti-money laundering law.
Binance, one of the largest cryptocurrency exchanges in the world, is set to resume operations in India with the registration.
Recognising the vitality and potential of the Indian VDA (virtual digital assets) market, this
Binance, one of the largest cryptocurrency exchanges in the world, is set to resume operations in India with the registration.
Recognising the vitality and potential of the Indian VDA (virtual digital assets) market, this
Binance re-enters India after settling $2.25 million penalty with FIU
Binance announced today that its website and app are now fully available for Indian users.
One Binance spokesperson told The Block that the exchange has paid the $2.25 million penalty previously imposed by Indian regulators.
Binance has registered as a “reporting entity” with India’s Financial Intelligence Unit, indicating that the world’s largest crypto exchange is now allowed to operate in India after being blocked there since January. BTC
#btc #BinanceLaunchpoolTON #BinanceTurns7
#BTC
$BTC
Binance announced today that its website and app are now fully available for Indian users.
One Binance spokesperson told The Block that the exchange has paid the $2.25 million penalty previously imposed by Indian regulators.
Binance has registered as a “reporting entity” with India’s Financial Intelligence Unit, indicating that the world’s largest crypto exchange is now allowed to operate in India after being blocked there since January. BTC
#btc #BinanceLaunchpoolTON #BinanceTurns7
#BTC
$BTC
Binance Fights to Reduce Size of $13 Billion UK Lawsuit Over BSV Delisting
Binance seeks to dismiss the bulk of a £10 billion lawsuit in London over BSV delisting claims and alleged anti-competitive behavior.
Binance seeks to dismiss a significant portion of a £10 billion lawsuit in London over BSV delisting claims.
The lawsuit involves accusations of anti-competitive behavior by Binance, Kraken, and other exchanges.
BSV Claims argues that the 2019 delisting caused BSV's value to drop and hindered its growth.
Crypto exchange Binance has sought to dismiss most of a Lond
Binance seeks to dismiss a significant portion of a £10 billion lawsuit in London over BSV delisting claims.
The lawsuit involves accusations of anti-competitive behavior by Binance, Kraken, and other exchanges.
BSV Claims argues that the 2019 delisting caused BSV's value to drop and hindered its growth.
Crypto exchange Binance has sought to dismiss most of a Lond
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