Nischal Shetty, founder of Indian cryptocurrency exchange WazirX, announced the formation of a creditors committee in response to the devastating $230 million hack on the platform. The announcement follows a recent ruling by Singapore’s High Court, which granted the exchange a four-month moratorium to devise a restructuring plan to reimburse affected customers. WazirX Founder Forms Creditor Committee About 45% of user funds were stolen in a hack on July 18, and the platform has been under intense scrutiny since then. Moreover, users of cryptocurrency exchanges are losing their peace as their assets are frozen and full recovery becomes almost impossible.Shetty,…
Author: Crypto Flexs
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Hurricane Helene wreaked havoc over the weekend as the Category 4 hurricane brought strong winds and heavy rain across the southeastern United States. According to CNN, at least 128 people were killed and more than 2 million people were without power.To prepare for Helen, Bitcoin mining company CleanSpark said it had shut down 365 megawatts of its network.outskirts of georgia Last week’s site. In Monday’s announcement, the company said it had brought about 200 MW back online and expected the remaining 165 MW to be restored by Friday, October 4.“The most important thing is that all team members are safe.…
Coinbase plans to add verifiable reserve evidence to its newly launched Bitcoin (BTC) wrapper, Coinbase Wrapped BTC (cbBTC), a Coinbase spokesperson confirmed to Cointelegraph on September 30.The addition of Proof of Reserves (PoR) puts cbBTC on par with competing Bitcoin wrappers such as Wrapped Bitcoin (WBTC) and 21.co Wrapped Bitcoin (21BTC). It also addresses concerns about Coinbase’s lack of transparency. “With cbBTC, we have been planning PoR from the beginning and the team is working hard to build it,” Lukas Staniszewski, product manager at Coinbase, said in a September 23 X platform post. Proof of Chainlink holdings. source: chain linkrelevant:…
SingularityNET’s (AGIX) H1 2024 update shows key developments, including the ASI Alliance merger, investments in AI infrastructure, and progress toward AGI. (read more)
Ethereum fell below key support as interest in the Ether ETF waned. DOGE Developers Open Debate About Ether’s New All-Time Highs Dogecoin has rallied 20% to new monthly highs in a seven-day rally. Billy Markus is one of the veteran developers who invented Dogecoin (DOGE) as a joke on December 6, 2013. The original dog-themed meme currency quickly gained popularity online and created one of the strongest and most loyal cryptocurrency communities today. While sitting on the sidelines as a DOGE holder, Markus, also known as Shibetoshi Nakamoto, told the I asked him if he thought there was one. It…
Solana (SOL) loyalists believe the blockchain is the Ethereum killer. The comparison will therefore be made after Ethereum (ETH) fell to a three-and-a-half-year low against Bitcoin (BTC), which was last seen in 2021. The central question is whether Solana will stand its ground on Bitcoin or lose. A land similar to ether.Analysts are divided about what’s next for Solana. Some expect the price to decline, while others think a breakout could be possible. In a September 20Daily view of cryptocurrency market data. source: Coin360VanEck is also optimistic about Solana. In a September 25 report, the company predicted that Solana would…
An analyst known as a “master trader” at cryptocurrency exchange Bybit believes October will be a bullish month for Dogecoin (DOGE). Top memecoin DOGE appears to be in the early stages of a five-wave rally, pseudonymous analyst Bluntz told his 276,900 followers on social media platform X. Traders practice Elliott Wave Theory, a technical analysis approach that attempts to predict future price movements by following herd psychology, which tends to manifest itself in waves. The theory is that bullish assets tend to witness a five-wave surge before experiencing an “ABC” decline. Blunts says: “DOGE is on turbo strength here and…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. Meme Coin soars as SHIB, PEPE, and WIF push their market capitalization to $55 billion. Find out which tokens can skyrocket. Meme Coin is riding a huge wave of growth. In this unprecedented situation, tokens such as SHIB, PEPE, and WIF are attracting attention due to their rising value. Together, these two companies have increased their market capitalization to an impressive $55 billion. Find out which coins are ready to surge next in these signals of strong user interest…
Bitcoin exchange-traded products once again became the top choice for institutional investors for the week ending September 27, as capital flowed into cryptocurrency funds after BTC recovered above $66,000. According to CoinShares’ latest report released on September 30, cryptocurrency asset investment products recorded inflows totaling $1.2 billion during the weeks of September 23 and September 27 for the third consecutive week. According to the report, the lion’s share of capital flows have gone into Bitcoin (BTC) investment products, with $1 billion, or about 87% of the total, flowing in over the past seven days. Bitcoin funds also led the monthly…
Olumide Osunkoya pleaded guilty to FCA charges of unlawful provision and use of a cryptocurrency automated teller machine (ATM). Osunkuya, 45, is scheduled to be sentenced at a later date. Olumide Osunkoya pleaded guilty to several charges related to the illegal operation of a cryptocurrency automated teller machine in the United Kingdom. The Financial Conduct Authority said in a press release on September 30 that Osunkuya, 45, appeared at Westminster Magistrates’ Court and pleaded guilty to the first charge in relation to operating an illegal cryptocurrency ATM. announced that he had been found guilty. Illegal cryptocurrency ATM operation Among the…