Indian crypto exchange falls victim to $235M hack

Digital investment products are witnessing solid buying, but it may take a stronger trigger to propel Bitcoin to a new all-time high.

One of the addresses involved in last week’s theft from South Korean crypto exchange Upbit is moving millions of dollars worth of stolen Ether (ETH) to an unknown wallet.As Whale Alert — a service dedicated to tracking major cryptocurrency transactions — has flagged today, Dec. 3, a 10,000 ETH (~$1.5 million) transaction occurred at 7:52…

The draconian bill introduced by the country’s former finance secretary Subhash Chandra Garg in 2019 to ban cryptocurrencies in India haunts the country’s crypto enthusiasts and entrepreneurs to this day.Reports from Bloomberg and the local news outlet Economic Times about the further development of the bill and the possible introduction of it as law has…

A new committee appointed by law firms Miller Thomson and Cox & Palmer will provide guidance in representing affected clients of major Canadian cryptocurrency exchange QuadrigaCX. The development was announced in a court notice on March 19.In the filing, Miller Thompson reveals that it has established the Official Committee of Affected Users of now-shuttered QuadrigaCX,…

Led by Andreessen Horowitz, the seed round is one of the largest funding deals in the nonfungible token market. 91 Total views 25 Total shares Yuga Labs, the creators of Bored Ape Yacht Club (BAYC) and new owners of the CryptoPunks and Meebits brands, announced it is now valued at $4 billion after its latest…

One of the main features of the Bitcoin blockchain is its transparency. Bitcoin lets anyone see every transaction that has ever been made on its network and check the balance of every address out there. Because of this transparency, we’re able to know who owns the most Bitcoin (BTC) in 2022.It’s important to look at…

Crypto “will seriously undermine the RBI’s capacity to determine monetary policy and regulate the monetary system of the country,” according to Reserve Bank of India officials. 364 Total views 5 Total shares Officials from the Reserve Bank of India (RBI) have reportedly sounded the alarm bells again over crypto adoption, which they claim will ultimately…

Ripple's ongoing battle with the SEC isn't stopping the blockchain payments company from carving out a stronger position in the market. 684 Total views 29 Total shares Blockchain payments company Ripple (XRP) made it abundantly clear this week that it's not letting its feud with the United States Securities and Exchange Commission (SEC) hold back…

Humanity is facing more problems than climate change. The world is confronted with some of the greatest challenges of our time: world hunger, growing inequality and economic instability. Many believe that the root cause of the entire range of problems faced by humanity is the expansion of the political power of elites as income and…