WazirX, a prominent cryptocurrency exchange in India, recently made headlines by publishing its proof-of-reserves (PoR) report amidst ongoing challenges to its operations. The report reveals that a striking 40% of customer assets are managed off-platform, stored on third-party exchanges. This move by WazirX aims not just to comply with regulatory expectations but also to promote
In the ever-evolving landscape of decentralized finance (DeFi) and digital asset trading, the recent launch of ApeChain marks a significant milestone for ApeCoin and the broader Yuga Labs ecosystem. Far from being just another blockchain, ApeChain represents a well-thought-out response to the demands of creators, developers, and investors, breathing new life into the ApeCoin ecosystem.
ACCE Australia, once a beacon for cryptocurrency trading under its “Mine Digital” platform, has become synonymous with financial mismanagement and fraud. The drama surrounding its former CEO, Grant Colthup, has all the hallmarks of a financial thriller, highlighting the perils of inadequate regulation in the nascent world of digital currency. The Australian Securities and Investments
In the fast-paced world of cryptocurrencies, few moments can rival the dramatic fluctuations observed in Bitcoin’s price recently. The infamous Friday night plunge saw Bitcoin’s value plummet by an astonishing $3,000 within minutes, only to recover slightly to trade around $67,000. This extreme volatility underscores the unpredictable nature of cryptocurrencies, with Bitcoin often acting as
Ethereum, one of the most recognized cryptocurrencies, has faced what can be described as a tumultuous week, marked by a significant price drop that saw it decline over 13% since the beginning of the week. The digital asset plummeted to as low as $2,380 on Friday, creating a flurry of concern among investors who were
In the rapidly transitioning landscape of digital finance, few individuals stand out like Semilore Faleti. With a unique ability to blend journalistic skill with a profound understanding of blockchain technology, Faleti represents what many aspire to be in the realm of cryptocurrency writing. His journey from a general writer to a specialist in the intricate
In the tumultuous world of cryptocurrency trading, the concept of holding—or HODLing—signifies far more than mere speculation; it reflects an investor’s long-term faith in a digital asset. Recent statistics underline Bitcoin’s dominance in this arena, boasting an average holding period of 4.4 years. This extended period suggests that a significant portion of Bitcoin investors view
Recent reports alleging that Tether, a leading stablecoin issuer, is the subject of a federal investigation have been categorically dismissed by the company and its CEO, Paolo Ardoino. The stir was sparked by a Wall Street Journal article suggesting that prosecutors in Manhattan were probing the firm. In a robust rebuttal, Ardoino described the information
The rapidly evolving landscape of blockchain technology continues to hold promise for various industries, and Somnia is breaking new ground with its recent litepaper release. As a high-performance Layer 1 blockchain tailored for the Ethereum Virtual Machine (EVM), Somnia has introduced significant updates that highlight its ambition to reshape decentralized application infrastructure. Central to these
In a significant move for the cryptocurrency landscape, the Netherlands has initiated a public consultation process aimed at shaping new regulations governing crypto ownership and taxation. Announced on October 24, this initiative seeks to address the growing concerns surrounding tax evasion related to digital assets. By soliciting input from both the public and crypto service
