Indian cryptocurrency exchange WazirX is facing challenges as it attempts to restructure following a major security breach. The exchange has stated that external parties, not invested in the platform, may be trying to prolong the restructuring process for their own gains. These parties are creating and maintaining uncertainty rather than seeking a resolution, which complicates
Opeyemi is a skilled writer with a deep passion for the cryptocurrency industry. Despite not initially choosing this field, he has been captivated by it for over two years. His work involves deciphering the complexities of blockchain technology and sharing the latest trends in cryptocurrencies. While Opeyemi enjoys analyzing price charts, his real interest lies
The joint statement by Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek highlighted a major concern regarding the European Union’s regulatory framework for artificial intelligence (AI). They pointed out that the fragmented regulatory structure in the EU is stifling innovation in the AI industry. The CEOs emphasized that the inconsistent implementation and overlapping regulations
Opeyemi is a dedicated writer with a deep passion for the world of cryptocurrency. Despite not initially choosing the digital asset industry, Opeyemi found himself drawn to it over two years ago and has since immersed himself in unraveling the complexities of blockchain technology. His enthusiasm for cryptocurrencies is evident in his daily routine of
Russia is considering the establishment of two crypto exchanges in Moscow and St. Petersburg to facilitate foreign economic activities. These exchanges will serve as hubs for international trade and are expected to initially cater to a limited number of users. However, the goal is to eventually make them accessible to major firms, including exporters and
After falling victim to a cyberattack on July 18, India-based crypto exchange WazirX had to suspend all trading and withdrawal activities to assess the damage. The hack resulted in the theft of a significant amount of ERC-20 tokens, valued at over $235 million at the time. This theft created a shortfall for the exchange, leaving
Despite the sluggish performance of XRP in terms of price, a crypto analyst by the name of Javon Marks has made bold predictions regarding the potential price breakout for the native token of the XRP Ledger. Marks believes that XRP could see an impressive surge of up to 42,263%, reaching a target price of $280
The DeFi Education Fund and the Blockchain Association have united to challenge the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT). The main argument presented in their amicus brief focused on the significant privacy and security concerns posed by the CAT, especially for participants in the digital asset market. They claimed that the CAT
In a recent development, a US federal judge has denied crypto exchange Kraken’s request to dismiss the lawsuit filed by the Securities and Exchange Commission (SEC) over allegations of operating an unregistered securities exchange. This decision comes after Kraken requested a dismissal of the case filed by the SEC in November. The regulator’s complaint accused
The XRP price is currently hovering around the $0.60 mark, which is seen as a psychological barrier for many traders. Despite the general market uncertainty, XRP has shown interesting price movements that have caught the attention of many cryptocurrency enthusiasts. While some investors are still bearish on XRP, there are others who are anticipating a