After the US Treasury Department said it had barred American companies and individuals from using a so-called crypto mixer known as Tornado Cash, fans of the service rallied in support of the founders of the popular protocol. Tornado Cash allowed users to obfuscate their crypto transactions; the Treasury alleged that North Korean hackers and other…
The world’s largest crypto exchange Binance, that disowned the Nischal Shetty-run crypto platform WazirX, on Monday said that it is removing the off-chain fund transfer channel between WazirX and Binance. The crypto platform will cease to support off-chain fund transfers between WazirX Exchange and Binance via the “Login with Binance” option, Patrick Hillmann, Chief Communications…
Enneric Chabot, 26, didn’t start gambling until he saw his favourite gamers doing it online. Three years ago, Chabot began regularly watching Felix “xQc” Lengyel, a former professional Overwatch player, as he competed in various video games on Amazon.com’s livestreaming site Twitch for audiences of up to 25,000 viewers. In 2021, during some of his…
At least nine cryptocurrency exchanges are under the Enforcement Directorate (ED) scanner for allegedly assisting China-backed fintech firms in salting away their profits abroad.
The cryptocurrency market traded flat in the last week, even as major cryptocurrencies traded in the red. The market capitalisation stayed above $1 trillion. However, major digital tokens like Bitcoin and Ethereum fell by over 3.5 per cent. On Friday at 4 PM, Bitcoin had the highest market cap and was trading at $23,157, over…
The crypto winter that has dogged Coinbase Global Inc. for nearly nine months might finally be showing signs of thawing. Shares of the largest US cryptocurrency exchange surged as much as 44% on Thursday, the most intraday since its 2021 direct listing, after announcing a partnership with BlackRock Inc. to help institutional investors manage and…
Ishan Wahi, 32, a former product manager at cryptocurrency platform Coinbase Global, along with his brother Nikhil Wahi, 26, have pleaded not guilty to federal charges of insider trading, the media reported. The lawyer representing Ishan Wahi said that the charges against him should be “dismissed” as insider trading needs to involve securities or commodities…
The Directorate of Enforcement (ED) has served crypto exchange WazirX a notice under the FEMA Act, Minister of State for Finance Pankaj Chaudhary told Rajya Sabha. The ED is investigating two cases related to crypto-currency against WazirX under the provisions of Foreign Exchange Management Act, 1999 (FEMA), he said in a written reply to the…
A bipartisan group of senators on Wednesday proposed a bill to regulate cryptocurrencies, the latest attempt by Congress to formulate ideas on how to oversee a multibillion-dollar industry that has been racked by collapsing prices and lenders halting operations. The regulations offered by Senate Agriculture Committee chair Debbie Stabenow and top Republican member John Boozman…
In yet another major cryptocurrency hack, the popular blockchain Solana on Wednesday reported that an unknown bad actor has drained funds from 7,767 wallets on the Solana Network. However, blockchain security firm SlowMist claimed more than 8,000 wallets had been drained worth around $8 million. Solana is a high-performance blockchain supporting builders around the world…
