Cypto

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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CoinDCX acquires BitOasis in international expansion push

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CoinDCX, India’s leading cryptocurrency exchange, is expanding internationally through the acquisition of BitOasis, a digital asset platform in the Middle East and North Africa, the companies said Wednesday. The Bengaluru-based startup said BitOasis’s team is joining CoinDCX, with the original leadership continuing to manage the exchange, which offers trading in more than 60 tokens. BitOasis

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How Urvashi Barooah broke into venture after everyone told her she couldn’t

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When Urvashi Barooah applied to MBA programs in 2015, she focused her applications around her dream of becoming a venture capitalist. She got rejected from every school, and was told she was being unrealistic about her prospects in the venture industry, but she didn’t let that deter her. Now, eight years later, Barooah, 33, is

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Worldcoin faces pivotal EU privacy decision within weeks

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The next few weeks could be pivotal for Worldcoin, the controversial eyeball-scanning crypto venture co-founded by OpenAI’s Sam Altman, whose operations remain almost entirely shuttered in the European Union following a series of privacy complaints — including in France, Germany, Portugal and Spain. The only EU market where Worldcoin is still scanning eyeballs according to

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President Biden vetoes crypto custody bill

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President Joe Biden has vetoed H.J.Res. 109, a congressional resolution that would have overturned the Securities and Exchange Commission’s current approach to banks and crypto. Specifically, the resolution targeted the SEC’s Staff Accounting Bulletin 121, which presents rules around how banks can handle customers’ crypto assets — in effect, they must treat those assets as

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Farcaster, a crypto-based social network, raised $150M with just 80K daily users

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Farcaster, a blockchain-based social protocol founded by two Coinbase alumni, announced on Tuesday that it closed a $150 million fundraise. Led by Paradigm, the platform also raised money from a16z crypto, Haun Ventures, USV, Variant, Standard Crypto and others, according to a blog post by founder Dan Romero. Farcaster, the social protocol, invites developers to

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