WazirX, one of India’s leading cryptocurrency exchanges, has provided an update on its response to the recent security breach that resulted in the theft of $230 million worth of digital assets. In the wake of the hack, the exchange has outlined its latest plan to restore user balances and detailed the ongoing efforts to recover…
Coinbase, the cryptocurrency exchange giant with ticker COIN, has been making significant strides in its stock price, showing a strong and impulsive rally from its recent lows. From an Elliott Wave perspective, this rally appears to be part of a larger five-wave bullish cycle. While the past few months have seen some slowdown in the…
FTX, the once-prominent cryptocurrency exchange that filed for bankruptcy last year, is currently seeking approval for its bankruptcy proposal. As part of the process, the company is soliciting votes from creditors and customers to finalize the plan. However, the proposal has sparked significant controversy, particularly among some of FTX’s customers, who feel that they are…
Despite facing a challenging period in the digital asset market, cryptocurrency start-ups have managed to attract substantial venture capital (VC) funding in the recent quarter, signaling continued investor confidence in the long-term potential of blockchain technology. According to data from PitchBook, VC investment in crypto-related companies reached $2.7 billion in the three months ending in…
The cryptocurrency market recently experienced a significant downturn, sending shockwaves through the investor community. Two key factors have been identified as contributors to this latest crypto crash: the unwinding of the Japanese Yen Carry Trade and a substantial Ethereum sell-off by the trading firm Jump Trading. Despite the market turbulence, renowned crypto analyst Michaël Van…
In a world where financial landscapes are rapidly evolving, a recent study conducted by Bitpanda and YouGov has uncovered a significant trend that could reshape the future of investment in Europe. The survey, which involved over 6,000 individuals across five countries, reveals that younger generations in Europe are embracing cryptocurrencies at an unprecedented rate, despite…
KUALA LUMPUR – Malaysia has officially positioned itself as one of the top 10 crypto-friendly destinations for digital nomads and companies, according to Digital Minister Gobind Singh Deo. This recognition comes as the country continues to enhance its reputation as a hub for innovation and digital entrepreneurship, particularly in the burgeoning cryptocurrency and blockchain sectors….
In a sign of renewed confidence in the cryptocurrency market, the combined supply of two major stablecoins, USDT (Tether) and USDC (USD Coin), has surged by $3 billion. This increase in supply comes as the broader crypto market experiences a significant rebound after a period of volatility and uncertainty. The influx of stablecoins into the…
The launch of U.S. spot Bitcoin ETFs has been nothing short of a runaway success, capturing the attention of investors and tapping into massive pent-up demand for easy access to the leading cryptocurrency. These ETFs, which allow investors to gain exposure to Bitcoin without having to directly purchase and store the asset, have quickly become…
After a period of significant decline that rattled investors and cast a shadow over the broader cryptocurrency market, there are now encouraging signs of recovery. Bitcoin, the world’s most well-known and widely traded cryptocurrency, is leading this rebound with a notable 6% increase over the past 24 hours. This uptick has rekindled hope among investors…
On Wednesday, a significant chapter in the ongoing legal battle between Ripple, a leading digital assets firm, and the U.S. Securities and Exchange Commission (SEC) came to a close. Judge Analisa Torres, who presided over the case, imposed a $125 million penalty on Ripple and issued a stern warning to the company to avoid violating…
In the ever-evolving landscape of digital finance, cryptocurrency has emerged as a significant wealth generator. According to a recent report by Bitbuy, as of April 2024, there were 88,200 individual cryptocurrency millionaires globally. This impressive figure underscores the transformative potential of digital assets in creating substantial wealth. Notably, nearly half of these millionaires—40,500 individuals—amassed their…
