Crypto community slams WazirX’s 'socialized losses' plan after hack
As WazirX navigates this crisis, the firm faces the challenge of rebuilding trust with its user base and the broader crypto community.
Related Posts


BoE policy talk: DeFi had better implement good governance before it’s too late
An external member of the BoE policy committee looks at DeFi governance and regulation and lists measures the industry should take before regulated blockchain swallows up business. 243 Total views 6 Total shares The lack of regulation and good governance in the crypto sector is more than a hindrance to businesses and lack of protection…

Portsmouth embraces Bitcoin payments for city bills
The mayor reportedly said the City Hall had learned more about cryptocurrencies and blockchain and how to utilize them for improved city services. 146 Total views 30 Total shares In an effort to embrace virtual money, the city of Portsmouth, New Hampshire, will allow residents to pay their bills in Bitcoin (BTC) and other cryptocurrencies.…

Crypto Platform Celsius Network Reaches $4.25 Billion in Total Loans
Cryptocurrency platform Celsius Network announced that it reached $4.25 billion in total crypto loan origination as of Nov. 12 in a press release shared with Cointelegraph.Celsius reached $4.25 billion of cryptocurrency loans since the start of its activity in July 2018 calculated at current Bitcoin (BTC) prices, a 93% increase from the $2.2 billion reported…

White hat ‘SEAL’ team protecting from crypto hacks surpasses 900 investigations
The crypto security team is preparing to launch a battleground for hackers and crypto protocols at the DeFi Security Summit at Devcon in November.

Kraken ordered by court to disclose user data to IRS for tax compliance
Kraken is required to provide details of users who engaged in transactions exceeding $20,000 within a calendar year. 224 Total views 1 Total shares A federal court ordered crypto exchange Kraken to turn over account and transaction information to the Internal Revenue Service (IRS), which said it needed that information to see if any of…

‘Major catalyst’ needed to send Bitcoin price to a new ATH, says analyst
Dan McDermitt from TheChartGuys says Bitcoin’s growth over the past month has been impressive but a "major catalyst" is needed if BTC is to reach a new all-time high. 1266 Total views 80 Total shares The cryptocurrency market has been on a tear over the last month as Bitcoin price climbed 73% from a low…

Licensed Iranian crypto miners ordered to halt production ‘altogether’
Even Iran's Minister of Labor has reported electrical disruptions to his home as crypto miners continue to exert demand on the country's power grid. Eshaq Jahangiri, the first vice president of Iran under Hassan Rouhani, has called on all legally operating crypto miners in the country to stop producing coins.According to a Wednesday report from…

PIVX, Possibly Other PoS Chains Vulnerable to Bug, Attackers Profit
Private transactions cryptocurrency PIVX and over 200 other blockchains are vulnerable to a vulnerability allowing the attacker to obtain disproportionately high staking rewards.A major staking vulnerabilityCryptocurrency consulting firm Lunar Digital Assets claimed in a post published on its website on Aug. 12 that a staking vulnerability is being used across PIVX and its forks. The…