Indian crypto exchange Wazirx has accelerated Phase 2 of INR withdrawals after a cyberattack on July 18. Initially scheduled for Sept. 9, eligible users can now withdraw up to 66% of their INR balances. However, crypto trading on the platform will not resume for another six months.
Wazirx Expedites INR Withdrawals Amid Post-Hack Restructuring Efforts
Indian cryptocurrency exchange Wazirx announced…
Currently, the total value locked (TVL) in decentralized finance (defi) stands at $82.2 billion, with Ethereum hosting a commanding 57.24% of that amount. Hot on its heels, Tron and Solana take the second and third spots for the largest TVLs today.
Ethereum Reigns Supreme in…
Venezuelan President Nicolas Maduro discussed the possible future of the national cryptocurrency system following the so-called PDVSA-Crypto scheme, which resulted in the loss of $20 billion in unaccounted oil sales paid in crypto. Maduro stated that the country needed to…
Coinbase Legal Chief Criticizes SEC's Vague Position on FTX Plan — Says Investors Deserve 'Way Better'
September 3, 2024
Coinbase’s chief legal officer has criticized the U.S. Securities and Exchange Commission (SEC) for its ambiguous position regarding FTX’s proposal to repay creditors using stablecoins or other cryptocurrencies. Although the SEC did not explicitly deem these transactions illegal, it retained the right to contest them, leading to frustration within the crypto community. This uncertainty has…
South Korean police arrested a man in his 40s for orchestrating a cryptocurrency scam that defrauded 158 investors of 16 billion won ($12 million). Operating from November 2021 to June 2022, he promised an 18% monthly return on investments in a fake cryptocurrency scam…
Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm
September 2, 2024
Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike Novogratz, has offered to…
Coinbase Reports Its First AI-to-AI Crypto Transaction
September 2, 2024
Coinbase CEO Brian Armstrong announced the platform’s first AI-to-AI crypto transaction, highlighting a new application of digital currency by artificial intelligence agents. Armstrong believes this advancement will enhance AI’s capacity to independently obtain resources and engage with humans and other AI systems. He encourages developers to add crypto wallets to support the growth of…
The Bitcoin layer two (L2) network Stacks protocol has completed its Nakamoto upgrade, finalizing a series of enhancements that began in April 2024. This latest phase, delivered on August 28, 2024, introduces stronger transaction finality guarantees, reduces miner…
There’s a new meme coin making waves, and it’s caught the attention of industry experts.
Crypto All-Stars (STARS) is trying to break the mold of typical meme tokens.
Instead of just depending on a cute mascot, it’s aiming to bring something fresh to the table – a…
Trump Set to Share Bold Vision: Turning the US Into the ‘Crypto Capital of the Planet’
August 30, 2024
On Thursday, former President Donald Trump posted a video on X, where he announced his intention to chart a course for making the United States the “crypto capital of the planet.” As the video concludes, the logo of World Liberty Financial, a decentralized finance (defi) project founded by Trump’s sons, prominently appears.
Trump Claims to Have a Vision to Make the U.S. The Ultimate Crypto…
