A Show Cause Notice (SCN) has been issued under the terms of FEMA. ED is probing two instances involving WazirX under the FEMA Act 1999. State Minister for Finance Pankaj Chaudhary informed Rajya Sabha that ED has given a notice under the FEMA Act to crypto exchange WazirX. In a
Galoy also announced a $4 million capital raising to support the development. Stablesats’ source code may be seen on GitHub and on a dedicated website. The Lightning Network may eventually allow users to send and receive dollars with the press of a button. Wednesday, Galoy, the open-source financial platform that
The firm bought 30 million LUNA in Terra early on and ended up losing. At its peak, the 30 million tokens bought by Hashed were valued around $3.6 billion. Hashed had a $3 billion loss on the Terra investment, according to new information from Bloomberg. According to Simon Seojoon Kim,
Nomad disclosed that it is using a leading chain analysis service to track funds. More than $1 billion has already been stolen from bridges in 2022 as per reports. Almost $190 million in cryptocurrency was taken off the Nomad Bridge by hackers this morning. The hack once again exposed the
Developers on Polkadot will be able to make use of Alchemy’s best-in-class APIs. In order to speed up Polkadot development, the blockchain developer platform Alchemy has teamed up with the innovation center Astar Network. Due to the shift, developers will be able to construct dApps on Astar Network, Polkadot’s primary
After introducing the smart contracts in July it reached the 2000 mark. The founder of Cardano said that there is no delay in upgrading in the future. Cardano (ADA) updated the network in September 2021 to include the ability for smart contracts, enabling the blockchain to grow and operate more
Three months ago, Robinhood laid off 9% of its full-time employees. 713 workers would be impacted by a 23 percent drop in employment. Retail investing giant Robinhood has had a wild year. The fintech company is cutting 23 percent of its personnel. Three months ago, Robinhood laid off 9% of
MAS is actively enhancing its surveillance of the expanding cryptocurrency market. The central bank would soon consult the public on potential stable coin regulations. Tharman Shanmugaratnam, the minister in charge of the Monetary Authority of Singapore, said that the central bank evaluates stablecoin laws and that it will review the
Millions of dollars have been stolen from more than 5,000 wallets. The exploit appears to affect users of hot wallets connected to the Internet. The Solana ecosystem is the subject of cryptocurrency’s most recent breach, according to users who allege money from well-known internet-connected hot wallets including Phantom, Slope, and
The move represents an extension of the fashion label’s presence on the web3. Gucci will be the first brand to accept ApeCoin. At select Gucci locations in the United States, customers may now purchase with ApeCoin via Bitpay. In one of its latest tweets, Gucci announced the news. In a
