WazirX launches fair fund recovery plan post $230M hack

A recent price recovery in the Bitcoin (BTC) market risks getting erased due to an eerie fractal from 2018.Bitcoin price cycle similaritiesFirst spotted by CryptoBullet, an independent market analyst, the fractal shows Bitcoin recreating an inverse head-and-shoulders (IH&S) pattern that preceded its price decline toward $3,100 later in December 2018. As a result, anticipations that…

According to CEO Adam Traidman, SBI Ripple Asia is conducting trial and pilot projects in Asia for Ripple’s On-Demand Liquidity. 1937 Total views 41 Total shares Asia may be the next proving ground for crypto firm Ripple to reach with its cross-border payments corridor.In a June 18 interview on the YouTube channel Thinking Crypto, Adam…

Bitcoin (BTC) mining has always been a controversial topic. But, Bitcoin’s proof-of-work (PoW) model has reached new levels of concern as senior decision-makers and investors pay closer attention to environmental, social and governance factors. As such, many crypto miners are highlighting environmentally friendly practices by acquiring carbon offsets. Yet, some would argue that this isn’t enough…

Japanese financial regulators have reportedly introduced new regulations for cryptocurrency margin trading, local news agency Nikkei reported on March 18.The Cabinet of Japan, the executive branch of the country’s government, has reportedly approved draft amendments to Japan’s financial instruments and payment services laws, limiting leverage in cryptocurrency margin trading at two to four times the…

Crypto analyst Benjamin Cowen expects Bitcoin dominance to make its "final move" to 60% either in September or, at the latest, by December 2024.

Tecpetrol hopes to reduce environmental impact by avoiding gas emissions, and generate some additional profits in the meantime. 20 Total views 1 Total shares A Buenos Aires-headquartered oil company, Tecpetrol, has decided to convert excessive gas into energy for cryptocurrency mining. As reported by local media on Sept. 24, Tecpetrol will launch its first gas-powered crypto

In late March, major South Korean cryptocurrency exchange Bithumb lost around $18 million as a result of a hack. While the details are still sketchy — for instance, it is unclear whether or not it was an inside job, as Bithumb initially claimed — a large portion of the stolen funds have been frozen by…

Major crypto payments firm Circle will launch a new subsidiary in Bermuda in order to serve non-American customers of its trading platform Poloniex.In a blog post on July 22, Circle said that it has acquired a full license to offer crypto-related services under Bermuda’s Digital Assets Business Act of 2018, a major local regulatory framework…

The soon-to-be former president said he would continue to assist CEO and founder Sam Bankman-Fried "to ensure FTX ends the year with all its characteristic momentum.” 243 Total views 3 Total shares The president of cryptocurrency exchange FTX US, Brett Harrison, has announced he will be transitioning into an advisory role in the next few…