WazirX to reverse trades after $235M crypto hack
WazirX, one of the largest crypto exchanges in India, lost $235 million to a multisig wallet security breach in July 2024.
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Company Behind Zcash Reports Losses in Q1 2019
Electric Coin Company (ECC), the firm behind privacy-centric cryptocurrency Zcash (ZEC), reported financial losses in Q1 2019.According to the Q3 2019 report published on Aug. 29, the firm operated at an average monthly deficit of $186,000 during the first quarter of the year.Operating at a lossThe company reportedly was receiving 6,157 ZEC per month and…
Bank of England Official: Central Banks May Lose Payments Race to Tech Companies
Bank of England (BoE) chief cashier Sarah John has expressed opinions favoring state-issued digital currencies, according to a Feb. 22 article published by The Telegraph. She urged other central banks to consider developing central bank cryptocurrencies in response to recent moves from private companies’ in the digital payments sector.John stated that it is “really important”…
Mark Cuban says crypto is ‘exactly like the internet stock bubble’
But the statement wasn’t without a few bullish predictions for Bitcoin and Ethereum. 5276 Total views 19 Total shares Billionaire entrepreneur Mark Cuban says the cryptocurrency market is “exactly” like the dot-com bubble of the late-1990s and early 2000s. His statement seems to signal that digital-asset valuations may implode once investor exuberance runs out. “Watching the…
Japanese Financial Regulator Data Shows Queries About Crypto Continues to Decrease
Japan’s financial regulator has released Q4 2018 data on the number of enquiries about cryptocurrencies, showing further declines. The Financial Services Agency’s (FSA) report was published today, Feb. 8.The FSA, which is responsible for overseeing the country’s crypto ecosystem, published the latest data on enquiries from September to the end of December 2018. The Japanese…
Crypto platform FalconX raises $50M on the back of institutional adoption
Tiger Global and B Capital are the primary investors in the latest round. They join Coinbase Ventures, Accel, FMR LLC and others in backing FalconX. 948 Total views 8 Total shares FalconX, a cryptocurrency exchange focused on institutional investors, has raised $50 million from Tiger Global and B Capital Group — highlighting once again that…
Senate committee votes unanimously in favor of Yellen as Treasury Secretary
The Senate Committee on Finance backed Yellen's nomination in a show of bipartisan support. 1337 Total views 9 Total shares Janet Yellen, the former Chair of the Federal Reserve, is one step closer to earning the nomination of Treasury Secretary. The Senate Committee on Finance voted unanimously to approve Yellen’s nomination Friday morning, setting the stage…