Following the theft of over $235 million from the Indian crypto exchange WazirX, the hacker responsible for the breach has been making moves to launder the stolen funds. According to a report by blockchain security firm Cyvers, approximately $10 million has been transferred through sanctioned Tornado Cash in the past 24 hours. This laundering tactic
Robinhood’s cryptocurrency division has recently agreed to pay a $3.9 million fine to settle a California investigation into its past practices. California Attorney General Rob Bonta announced that the settlement was reached after it was discovered that Robinhood Crypto prevented users from withdrawing their digital assets from 2018 to 2022. The company also failed to
As summer began in June, the Bitcoin price experienced a significant decline, following the historical trend of bearish summers for the cryptocurrency. The price of Bitcoin plummeted from over $70,000 to below $50,000, with multiple flash crashes adding to the downward spiral. Crypto analyst Crypto Jelle has pointed out similarities between the summer of 2023
Cryptocurrency donations are now making a significant impact on political campaigns, as evidenced by the recent decision of the Future Forward USA PAC to accept crypto donations through Coinbase Commerce. This move has shed light on the evolving stance of Democrats towards digital currencies and the role they may play in shaping future legislation. Clarification
Samuel Edyme, known by the nickname HIM-buktu, is a web3 content writer, journalist, and aspiring trader. His journey into the world of cryptocurrencies did not begin with a successful investment, but rather with a scam – a Ponzi scheme that lured him in with the promise of using crypto as payment. However, instead of giving
X Empire is a revolutionary tap-to-earn crypto game on the Telegram platform that has gained significant attention in the gaming community. Formerly known as Musk Empire Game, this innovative gaming experience combines the concept of tap-to-earn with the allure of cryptocurrency, providing players with a unique opportunity to earn rewards through virtual mining. At the
The latest trading trends of Bitcoin have been marked by a significant drop from $59,076 to $57,127 during the early Asian trading session. This decline in price has once again highlighted the challenges faced by Bitcoin in creating a bullish reversal. The looming threat of a US recession has added to the uncertainty in the
Ripple recently announced its partnership with South Korea’s Yonsei University as part of its University Blockchain Research Initiative (UBRI) program. This collaboration marks the addition of Yonsei University as the 58th partner in Ripple’s global UBRI program, with 12 of these partnerships located in the Asia Pacific region. Yonsei University will be engaged in a
The recent price volatility of Bitcoin, which included a dip below $50,000 last month, has caused a significant slowdown in the expected bull run by many analysts. Despite this period of price stagnation, some crypto analysts remain optimistic about the future of Bitcoin, predicting a sharp rise to over $100,000 once the current corrections stabilize.
WazirX surprised its users by initiating the second phase of the fiat currency withdrawal process on Sept. 3, ahead of the original schedule of Sept. 9. This move comes in the wake of a major security breach that saw over $230 million in user assets being stolen. CEO Nishal Shetty expressed the company’s commitment to
