Search
President Bukele Eliminates Basic Food Products’ Import Duties for a Decade In El Salvador
18.7.2024
President Nayib Bukele has announced a new measure in his battle against speculation and price gouging in El Salvador, eliminating import duties for certain basic foods and supplies for a decade. While some of these products did not pay duties due to a previously approved bill, critics argue that...
Indian Crypto Exchange Wazirx Updates on Major Multisig Wallet Hack
18.7.2024
Indian 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...
Tangem Launches Ring-Shaped Hardware Cryptocurrency Wallet
18.7.2024
Tangem announced the launch of its Tangem Ring cryptocurrency hardware wallet on Wednesday, touting it as “the world’s first ring-shaped crypto wallet,” designed to “transform how people interact with cryptocurrencies.” The company stated that users can now wear their...
BtcTurk CEO steps down from one of Turkey’s biggest crypto exchanges
18.7.2024
Ozgur Guneri spent seven years as the head of the popular Turkish crypto exchange. He will remain with the company as a director
Kraken Widens Institutional Presence in UK & Australia
18.7.2024
Kraken, the U.S.-based cryptocurrency exchange, has announced the expansion of its custody service to new and existing clients in the United Kingdom and Australia. This development follows the successful launch of Kraken Custody in the United States earlier this year. Kraken to establish...
ZachXBT Suspects Lazarus Group Link in $230M WazirX Hack
18.7.2024
Hacks are nothing new in the crypto industry, and this time, the victim was WazirX, a leading Indian crypto exchange. The investigation into the $230 million hack, spearheaded by cybersecurity expert ZachXBT, has shed light on intricate details that underscore the vulnerabilities within the crypto...
US Bitcoin ETFs Record Ninth Consecutive Day of Gains, Adding $53.35 Million
18.7.2024
U.S. spot bitcoin exchange-traded funds (ETFs) achieved their ninth consecutive day of gains on Wednesday, amassing $53.35 million. Blackrock’s IBIT garnered $110.37 million in inflows, whereas Grayscale’s GBTC experienced $53.86 million in outflows. Blackrock’s IBIT Boosts...
Kraken Custody expands to UK and Australia markets
18.7.2024
Kraken's expansion of its custody services to the UK and Australia marks its first international venture, catering to institutional clients outside the US
Indian Crypto Exchange Wazirx Suspends Withdrawals Amid $230M Security Breach
18.7.2024
Indian 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...
OKX's exit From Nigeria sparks criticism from crypto analysts
18.7.2024
OKX stopped Naira withdrawals in May 2024 due to regulatory issues after Binance was accused of manipulating Nigeria’s currency and laundering money
Mt. Gox creditors opt to hodl Bitcoin payouts — Reddit poll
18.7.2024
As the Mt. Gox trustee has yet to distribute 64% of the Bitcoin owed to creditors, the Reddit Mt. Gox community is pushing the hodl agenda
Greek gov't to impose crypto taxes starting 2025
18.7.2024
Currently gains on crypto profits are going untaxed and unrecognized by the Greek government - but not for long as regulators are seeking new taxes on the industry early next year
German Authorities Announce Bitcoin Sale Completion, Net €2.6 Billion
18.7.2024
German authorities have announced the completion of an emergency sale of nearly 50,000 bitcoins, raising about 2.6 billion euros. They explained that this sale was mandated to avoid a potential value decline due to the crypto’s price volatility. The funds are now secured for criminal...
Crypto Exchange WazirX Hacked for $234M, Hacker Begins Dump
18.7.2024
Web3 security firm Cyvers and ZachXBT report that the Indian crypto exchange, WazirX, has been potentially hacked. Cyvers told WazirX on X, “Our system has detected multiple suspicious transactions involving your Safe Multisig wallet on the ETH network.” Hacker drains over $230 million...
Bitcoin hits $65k, Ethereum nears $3.5k, while memecoins rejoice
18.7.2024
The crypto market is undergoing rapid changes, thanks to big names like Ethereum making massive modifications. The SEC recently approved two major Spot Ethereum ETFs in the US for trading, putting crypto in the limelight. In the meantime, Bitcoin has managed to reclaim its $65,000 mark. In...
Charles Hoskinson rejects Vitalik Buterin's view on pro-crypto voting
18.7.2024
This clash of views comes as the 2024 U.S. presidential election approaches, with significant implications for the future of cryptocurrency regulation in the country
BlockFi confirms July start for interim crypto distributions
18.7.2024
BlockFi clients are to note that client communications will exclusively occur via official email channels
German Government Officially Acknowledges Involvement in 50,000 Bitcoin Sell-off
18.7.2024
The German government has officially acknowledged its involvement in selling 49,858 bitcoin linked to the movie2k case. In a press release, German authorities reported that the sales were completed due to what is stipulated in Section 111p of the Code of Criminal Procedure, classifying this move...
Bitcoin’s next leg could hit $110K, despite ‘lower highs and lower lows’
18.7.2024
The “next leg” could push Bitcoin’s price as high as $110,000 as the cycle low has kicked in, according to several crypto traders
Okx Quits Nigerian Market, Users Urged to Withdraw Funds Before Deadline
18.7.2024
Okx, a leading cryptocurrency exchange, has announced its decision to discontinue services in Nigeria starting from August 16, 2024. The company cited unfavorable policies by the Nigerian government as the reason for this move. Okx said Nigerian users are advised to withdraw their funds from...