WazirX Users on the Brink of Fund Recovery: Revote Looms with High Stakes A year after a catastrophic $235 million hack gutted WazirX, one of India’s leading cryptocurrency exchanges, users are inching toward a potential breakthrough. A creditor revote, set for July 30 to August 6, 2025, could finally release millions in frozen funds, but […]
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BitGo Rolls Out Second Phase of FTX Creditor Payouts, But Delays and Frustrations Persist Almost three years after the spectacular implosion of FTX, one of the crypto world’s most infamous disasters, BitGo, a prominent crypto custodian, has started crediting accounts in the second phase of creditor repayments. Yet, with funds locked, billions still unpaid, and […]
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Bitget’s VOXEL Glitch: Navigating the Chaos and Its Aftermath Bitget, a prominent cryptocurrency exchange, faced a significant trading glitch involving VOXEL/USDT perpetual contracts on April 20, leading to extraordinary price spikes and trading volumes. This incident sparked a frenzy, prompting Bitget to initiate transaction rollbacks, account recoveries, and compensation efforts for affected traders. The glitch, […]
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Binance CEO Reaffirms Core Principles Amid Suspicions of Involvement in Hyperliquid Attack Binance CEO Richard Teng has reaffirmed the company’s commitment to transparency, security, and compliance, even as suspicions swirl about Binance’s potential involvement in a recent attack on the decentralized exchange Hyperliquid. This attack, involving the manipulation of the JELLY token, resulted in significant […]
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BNB Chain Launches $100M Liquidity Boost for Native Tokens Can a $100 million injection transform the future of BNB Chain’s native tokens? BNB Chain is betting big on it with the launch of its Permanent Liquidity Support Program, set to kick off on March 24, 2025. This ambitious initiative aims to supercharge the trading of […]
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Crypto’s Centralized Trap: Lessons from Bybit Hack and the Need for Decentralization The Bybit hack, resulting in losses of up to $1.5 billion, serves as a stark reminder of the vulnerabilities inherent in centralized exchanges (CEXs). Despite cryptocurrency’s promise to disrupt traditional finance and offer financial freedom, the industry remains entangled in systems prone to […]
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IRS Unveils New Crypto Transaction Reporting for 2025: What You Need to Know The IRS is set to introduce a new third-party reporting system for cryptocurrency transactions on centralized exchanges (CEXs) in 2025, utilizing Form 1099-DA. This move aims to enhance tax compliance but raises concerns about privacy and the nature of decentralized finance. 2025: […]
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Trezor’s Sales Surge as Bitcoin Approaches Milestone Trezor, a pioneer in Bitcoin hardware wallets, has reported a significant increase in sales, coinciding with Bitcoin’s march towards the $100,000 mark. This surge is not just about numbers; it marks a shift towards self-custody solutions as users grow wary of centralized exchanges. 600% increase in Trezor sales […]
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