Over the weekend, the cryptocurrency market witnessed an unexpected twist as Pepe coin took center stage for all the wrong reasons. The coin, known for its meme-inspired origins, found itself embroiled in a scandal involving allegations of massive fund removal by former team members. This incident has not only cast
In a significant announcement at the G20 summit, Prime Minister of India, Narendra Modi advocated for a global framework to regulate the rapidly evolving cryptocurrency landscape. PM Modi’s proposal emphasizes the need for a unified approach that transcends individual national boundaries, echoing the sentiments expressed in a series of tweets
Singaporean cryptocurrency lender Vauld, which has been going through bankruptcy proceedings since August 2022, recently announced that it has been granted permission to reorganize its board. The restructuring of the corporation will be overseen by the new management. Vauld’s co-founder Darshan Bathija announced on Twitter on August 24 that the
According to his attorney, Roman Storm, co-founder of Tornado Cash, was freed on bond shortly after his detention by the U.S DOJ on August 23 on money-laundering and other charges. On August 24, Brian Klein, Storm’s attorney, announced his client’s release from jail on Twitter. According to Klein, he is
In the aftermath of last week’s sell-off, the global crypto market has been struggling to regain its footing. Bitcoin, the largest cryptocurrency, plummeted from $29,000 to a two-month low of $25,800 in just one day. Despite its attempt to recover, the value of Bitcoin has remained relatively flat, hovering around
On-chain data shows that the newly launched PYUSD stablecoin is struggling to acquire adoption. Nansen, a blockchain analytics company, estimates that around 90% of PYUSD is kept in the wallets of stablecoin issuer Paxos Trust at the present time. The research claims that Kraken, Gate.io, and Crypto.com wallets have a
WazirX, the Indian crypto exchange, has temporarily halted fiat withdrawals from its trading platforms. Indian crypto users have not been able to withdraw Indian rupees (INR) for over 24 hours. The suspension is due to complications with the crypto exchange’s payment provider. According to the withdrawal page on the trading
In the current landscape, top cryptocurrencies , Bitcoin and Ethereum find themselves entrenched in a challenging period marked by a prevailing bearish trend. This trend has also cast a shadow over XRP, a prominent altcoin, as it contends with its own bout of bearish pressure. Despite clinching a legal victory
Hashdex, a cryptocurrency asset manager, has joined the U.S. spot Bitcoin ETF contest. A proposal to include spot Bitcoin in the Bitcoin futures ETF was submitted to the U.S. SEC by the crypto asset manager. Surprisingly, Hashdex will not use the Coinbase surveillance sharing agreement like other recently filed Bitcoin ETFs,
Bitcoin (BTC), the world’s largest cryptocurrency, has shown strong bearish momentum over the past few weeks. Moreover, BTC is struggling to maintain its position around the $26,000 mark. While investors are expecting BTC to surge, it dropped below $26K. On the other hand, Bitcoin has experienced the highest address activity
