Following the theft of over $235 million from Indian crypto exchange WazirX, the hacker responsible has managed to transfer around $10 million through the sanctioned Tornado Cash in the past 24 hours. This move has raised concerns within the crypto community, as it indicates potential challenges in tracking and recovering the stolen funds. The hacker’s
The summer of 2024 has not been kind to the price of Bitcoin, as historical data has shown summers to be generally bearish for the cryptocurrency. Since the beginning of summer in June, Bitcoin has experienced significant weakness, with multiple flash crashes leading to a decrease in value. The price of Bitcoin has plummeted from
Aayush Jindal, a prominent figure in the financial markets, has dedicated over 15 years to mastering the intricacies of Forex and cryptocurrency trading. His journey began at a young age, where his natural talent for deciphering complex systems and patterns set him on a path to becoming a trusted advisor and expert in the field.
The recent case involving hedge fund Galois Capital Management LLC and the US Securities and Exchange Commission (SEC) sheds light on the importance of adhering to client asset safeguarding requirements, especially in the crypto sector. The SEC charged Galois Capital with failing to comply with the Custody Rule provisions, putting investors at risk of losing
Binance CEO Richard Teng has spoken out against the Nigerian government’s treatment of Tigran Gambaryan, an American executive who has been detained since February. Teng expressed his outrage in a post on X, where he shared a viral video of Gambaryan struggling to walk into a courtroom. Teng demanded an end to the inhumane treatment
The current state of Ethereum’s price is attempting to recover from the $2,400 zone. This signifies a crucial point for investors and traders alike as the cryptocurrency market continues to be volatile. Based on recent trends, ETH must surpass the $2,550 mark to continue its upward momentum in the near term. Upon closer examination, Ethereum
WazirX has initiated the second phase of its fiat currency withdrawal process ahead of schedule on Sept. 3. Initially planned to start on Sept. 9, the process has been expedited due to the urgent need to address the aftermath of a substantial security breach that resulted in the loss of over $230 million in user
Aayush Jindal is a prominent figure in the financial markets with a wealth of knowledge and experience spanning over 15 remarkable years in Forex and cryptocurrency trading. He is highly regarded for his exceptional skills in providing technical analysis and is recognized as a trusted advisor and senior market expert to investors globally. Aayush’s ability
In a recent speech at the Korea Blockchain Week 2024 event, US Securities and Exchange Commission (SEC) Commissioner Mark T. Uyeda raised a critical issue regarding the lack of specialized S-1 registration forms for digital asset securities. Uyeda emphasized the necessity of updating the SEC’s regulatory tools to better accommodate the unique features of digital
Congressman Wiley Nickel has taken a bold stance against the US Securities and Exchange Commission (SEC), accusing the agency of eroding trust in the regulatory system with its “regulation by enforcement” strategy. He believes that this approach is a blatant abuse of power that could potentially stifle digital innovation in the United States. Nickel has