WazirX Restores Balances After Hack, Withdrawal Timeline Unclear
The withdrawal delay has impacted individual investors and increased questions about bitcoin exchanges’ general security and reliability. Nearly a month after a significant hack hit the WazirX exchange, leading to the loss of $234 million from investors in the Indian crypto exchange’s Safe Multisig wallet, the platform has restored investor balances. However, despite this progress, there […]
Bank of Ghana Introduces Draft for Crypto, Digital Assets Regulation
The Bank of Ghana (BoG) has proposed new regulatory measures for digital assets in response to a comprehensive internal review of Bitcoin, Tether, and other cryptocurrencies. The central bank of the West African nation issued proposed guidelines on digital assets on August 16 to solicit feedback from the public and industry stakeholders regarding the forthcoming […]
First leveraged MicroStrategy ETF Debuts in US
The ETF might provide more leveraged exposure to Bitcoin, particularly for institutional investors trying to diversify their holdings. The first Bitcoin-related leveraged exchange-traded fund (ETF) has launched in the United States, marking a significant milestone in institutional cryptocurrency adoption. The new leveraged MicroStrategy ETF, MSTX, aims to provide 175% long daily exposure to MicroStrategy. Sylvia […]
WazirX Plans Maintenance to Recover Balances Post $234M Hack
WazirX’s ability to restore balances and secure assets will determine its future and industry security. The hacked Indian cryptocurrency exchange WazirX has announced a scheduled maintenance period to restore account balances and reverse specific trades. According to a post on the X social platform, the maintenance will occur from 6 pm on August 15 to […]
SEC and Ideanomics Settle Over $40M Crypto Revenue Fraud Case
The Ideanomics case underscores the significance of adhering to federal securities laws and the potential consequences of misleading financial practices. The United States Securities and Exchange Commission (SEC) has resolved fraud charges against Ideanomics related to financial reporting and “misleading the public about the company’s performance.” According to the SEC’s official site , an investigation […]