Cypto

Binance restarts services in India after seven-month regulatory halt

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Binance, the world’s largest cryptocurrency exchange, has resumed operations for users in India after a seven-month hiatus imposed by a local authority for operating “illegally” in the country. The exchange said Thursday it has registered as a reporting entity with India’s Financial Intelligence Unit (FIU), a government agency tasked with scrutinizing financial transactions. India blocked […]

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Terraform Labs co-founder and crypto fugitive, Do Kwon, set for extradition to South Korea

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The Appellate Court of Montenegro ruled on Thursday that Terraform Labs co-founder, Do Kwon, should be returned to his home country, South Korea. The ruling confirmed an earlier decision in April from the High Court of Podgorica which rejected a request to extradite the crypto fugitive to the U.S. The extradition date for Kwon to

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The SEC has charged an a16z and Sequoia-backed crypto startup founder with fraud 

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The founder of once-hyped crypto startup BitClout is facing trouble. On Tuesday, the SEC charged BitClout founder Nader Al-Naji with fraud and unregistered offering of securities, claiming he used a pseudonymous identity to avoid regulatory scrutiny while he raised over $257 million in cryptocurrency.  BitClout, a decentralized social media platform, raised from a who’s-who of

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WazirX to ‘socialize’ $230 million security breach loss among customers

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Indian cryptocurrency exchange WazirX announced on Saturday a controversial plan to “socialize” the $230 million loss from its recent security breach among all its customers, a move that has sent shockwaves through the local crypto community. The Mumbai-based firm, which suspended all trading activities on its platform last week following the cyber attack that compromised

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Ledger launches Ledger Flex, a mid-range hardware crypto wallet

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Ledger, a French startup mostly known for its secure crypto hardware wallets, has launched a new mid-range device, the Ledger Flex. Available now, priced at $249, the dinky hardware wallet features an E-Ink display to navigate the interface and approve transactions with a tap. Like all of Ledger’s wallets, the Ledger Flex is built around

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WazirX halts trading after $230 million hit to crypto exchange

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WazirX, one of India’s largest cryptocurrency exchanges, has suspended all trading activities on its platform days after losing about $230 million, nearly half of its reserves, in a security breach. The Mumbai-based exchange said in a tweet that the cyber attack had substantially impaired its ability to maintain the critical 1:1 collateral ratio with assets,

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India’s WazirX confirms security breach following a $230M ‘suspicious transfer’

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Indian crypto exchange WazirX on Thursday confirmed it had suffered a security breach after about $230 million in assets were “suspiciously transferred” out of the platform earlier in the day. The Mumbai-based firm said one of its multisig wallets had suffered a security breach, and it was temporarily pausing all withdrawals from the platform. A

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Ethereum co-founder’s warning against ‘pro-crypto’ candidates: ‘are they in it for the right reasons?’

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Vitalik Buterin, the co-founder of Ethereum, issued a warning on Wednesday against choosing a candidate purely based on whether they claim to be “pro-crypto.” In a blog post, Buterin said it’s more important to scrutinize a candidate’s broader policies to ensure they support cryptocurrency’s underlying goals, including internationalism and protection for private communications. “If a

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