Crypto or virtual digital assets remained conspicuously absent from the speech of Indian Finance Minister Nirmala Sitharaman on Tuesday during the annual budget 2024-25 announcement. In her recent budget announcement for 2024-2025, India’s Finance Minister Nirmala Sitharaman chose to maintain the current crypto tax regulations. This decision, made on Tuesday, leaves the tax-deducted-at-source (TDS) rate
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A recent report has revealed that the hacker behind the WazirX exchange exploit has sold a large portion of the stolen assets, causing notable price changes in several cryptocurrencies. In a recent tweet, blockchain analytics firm Nansen reported that the suspected North Korean hacking group has been the top seller of multiple tokens on Uniswap.
Hex Trust’s MPI license approval lets it offer digital payment token services, custody, and OTC trading in Singapore, boosting its global presence. A prominent institutional crypto custodian, Hex Trust, has secured in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This milestone allows Hex Trust to expand its
COTI’s blockchain uniquely secures CBDCs, being the only blockchain chosen by the Bank of Israel for the Digital Shekel project. The COTI Foundation has partnered with industry giants, such as PayPal and Fireblocks, on Israel’s CBDC called the Digital Shekel. This partnership is a major development for COTI, a Layer-2 scaling solution, as it moves
In the wake of a devastating cyberattack on July 18, 2024, which resulted in the theft of over $230 million in digital assets, crypto exchange WazirX, has launched a 3-month bounty program, with rewards up to $23 million. The bounty program is divided into two main initiatives: the “Track & Freeze Bounty” and the “White
Mt. Gox has initiated test transactions to facilitate creditor repayments through the Bitstamp cryptocurrency exchange. The first transactions were executed from the Mt. Gox wallet to Bitstamp’s cold wallets. Blockchain intelligence firm Arkham Intelligence flagged these movements in a July 22 X post, noting the deposits of $1 to four separate Bitstamp deposit addresses. This
The CSOP Bitcoin Future Daily (-1x) Inverse Product (7376.HK), Asia’s first Bitcoin futures inverse product, will debut in Hong Kong on July 23. This new exchange-traded fund (ETF) was unveiled by CSOP Asset Management, one of the biggest asset managers in China, to provide investors with a means to profit from drops in the price
WazirX, branded as the India ka Bitcoin exchange has been forced to halt all trading activities for all pairs following a major cyberattack that resulted in the theft of approximately $230 million worth of digital. 📢 Trading has been temporarily paused The cyber attack theft has impacted our ability to maintain 1:1 collaterals with assets
Following the hack, users have been targeted by a wave of phishing attacks. Scammers are taking advantage of the chaos by sending fake compensation emails purporting to be from WazirX. These emails appear official and acknowledge the security breach while promising reimbursement. They mention the issuance of a new token, WZA, to be airdropped to
Elon Musk, the tech magnate and vocal free speech advocate, sent a shockwave through social media on July 22nd, 2024, by changing his profile picture to one featuring glowing red eyes – a well-known symbol within the crypto community. This move comes amidst the backdrop of a highly politicized race for the US presidency, with