WazirX conducted a preliminary investigation and found no evidence to suggest that the machines of WazirX signers were compromised during the recent cyber attack on its multi-signature Ethereum wallet. This attack, which occurred earlier this month, has raised concerns within the crypto community. Despite initial speculation that the hack was due to an issue with
Two prominent crypto companies, Coinbase and Revolut, found themselves on opposite ends of the spectrum when dealing with the UK authorities recently. The UK’s Financial Conduct Authority (FCA) imposed a fine of £3.5 million ($4.5 million) on CB Payments Limited (CBPL), a subsidiary of Coinbase Group, for violations related to Anti-Money Laundering (AML). This hefty
Ethereum has experienced a significant decline starting from the $3,500 resistance zone. The price is currently down by over 8%, signaling a possible continuation towards the $3,120 support level. This downward movement has gained momentum, with ETH trading below $3,400 and the 100-hourly Simple Moving Average. A break below a key declining channel with support
The crypto industry has been facing numerous challenges under the current administration, particularly in terms of regulatory clarity. Ben Horowitz and Marc Andreessen, the founders of Andreessen Horowitz (a16z), have openly criticized the Biden-Harris Administration’s handling of the cryptocurrency sector. Their main concern lies with the lack of clear guidance from the Securities and Exchange