The legal team for WazirX said today that the exchange’s customers doubt whether the exchange should be made whole in crypto terms. Another Jolt For The Affected WazirX Users Leading Indian cryptocurrency exchange WazirX suffered a massive security breach on July 18, 2024, resulting in hackers stealing $230 million of customers’ digital assets. In the…
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The U.S. Securities and Exchange Commission (SEC) has raised concerns over FTX’s plan to pay back claims using its “crypto asset securities.” The SEC’s Senior Trial Counsel, Therese Scheuer, has reserved the right to challenge these transactions under federal securities laws. FTX’s Crypto Repayment Plan Faces Potential SEC Challenge The FTX bankruptcy saga is moving…
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Qatar has launched a new framework to regulate digital assets, aiming to create a secure and transparent ecosystem. The framework is expected to attract domestic and international players and support the development of a thriving financial services sector in Qatar. Building Foundation for Digital Assets Qatar has launched a comprehensive framework for creating and regulating…
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Metaplanet and SBI VC Trade have formed a strategic partnership to enhance bitcoin trading, storage, and management. This alliance aligns with Metaplanet’s “bitcoin first, bitcoin only” strategy, emphasizing BTC’s scarcity and decentralized nature. The partnership provides Metaplanet access to SBI VC Trade’s tax-efficient corporate custody services and the ability to use bitcoin as collateral, supporting…
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Coinbase’s chief legal officer has criticized the U.S. Securities and Exchange Commission (SEC) for its ambiguous position regarding FTX’s proposal to repay creditors using stablecoins or other cryptocurrencies. Although the SEC did not explicitly deem these transactions illegal, it retained the right to contest them, leading to frustration within the crypto community. This uncertainty has…
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Current stablecoin metrics show that USDE, the popular yield-bearing stablecoin, has slipped to fifth place among the top U.S. dollar-pegged tokens by market capitalization. Over the past three days, Ethena’s USDE supply has decreased by 130 million, pushing First Digital’s FDUSD into the fourth largest spot. Stablecoin Shakeup: USDE Slips to 5th, FDUSD Rises to…
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Floki Inu (FLOKI), a popular meme coin, has been making headlines, but not necessarily for positive reasons. The Floki Inu (FLOKI) price has plunged more than 6% in the last 24 hours, extending its negative weekly streak, with the token down 24% over the last seven days. This sharp decline has led many Floki Inu…
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Solana (SOL) has been one of the most talked-about cryptocurrencies in recent years, with impressive gains and a strong community backing. However, as the market faces increasing uncertainty, many Solana (SOL) investors are questioning whether the altcoin can maintain its momentum or if it is destined for a further decline. Amidst this backdrop, a new…
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As the cryptocurrency landscape continues to evolve, savvy investors are always on the lookout for the next big opportunity. Recently, Solana (SOL) investors have started shifting their focus to new, promising projects like Mpeppe (MPEPE), drawn by the potential for significant returns. This strategic migration highlights the growing discontent among SOL holders, who are increasingly…
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In the volatile yet thrilling world of cryptocurrencies, where fortunes are made overnight, the savvy investor knows the value of diversification and the importance of spotting the next big opportunity. One such investor, a Playdoge (PLAY) millionaire, has recently turned heads by adding Mpeppe (MPEPE) to their cryptocurrency portfolio, or as the community calls it,…
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