Synopsis Meanwhile, Zanmai Labs, which operates WazirX in India, is exploring the legal route amid an ownership dispute with the world’s largest exchange by volume, according to sources. WazirX will assist these budding entrepreneurs in obtaining funding by connecting them with eager venture capitalists. A public spat between global cryptocurrency platform Binance CEO Changpeng Zhao […]
As many as 6.8% of the population of Spain have now invested in cryptocurrency “at some point”, according to Spain’s National Securities Market Commission (CNMV). The study focused on the number of crypto investors while also taking a look at the motivation behind their investments. According to CNMV’s findings, most of the people who invested […]
English football club Oxford City is thought to be the first non-league club to allow its fans to pay for their matchday experience using digital currency. City will accept Bitcoin (BTC) throughout the RAW Charging Stadium, allowing supporters to purchase their match day ticket as well as buy food and drink with crypto. Earlier this […]
Crypto.com has announced the acquisition of payment service PhLink and crypto exchange OK-BIT in South Korea, gaining regulatory status in the country. The purchase of both firms has enabled the exchange to secure the Electonic Financial Transaction Act and Virtual Asset Service Provider registration licenses in Korea. “We’re excited to share that we’ve achieve another […]
A cross-party parliamentary group has launched an inquiry into the UK crypto and digital assets sector to seek advice on cryptocurrency regulation. At a time of “increased scrutiny of the UK crypto and digital asset sector”, the inquiry covers the UK’s current crypto rules, with a strong focus on the government’s hopes to become a […]
Synopsis Users were led to believe funds deposited in WazirX were managed by Binance but this is not the case, says a spokesperson, adding Binance is ending off-chain fund transfers with WazirX. Global crypto exchange Binance said it would remove off-chain fund transfers with WazirX, three days after the Directorate of Enforcement (ED) raised concerns […]
Cryptocurrency firm Nomad hopes that it can appeal to hackers’ better nature and have them return the $190m they stole recently. In exchange, the company will drop its investigation and relinquish any formal criminal penalties against them. The hackers will also be walking away rich from this exchange with 10% of the stolen mount rewarded […]
The Indian Directorate of Enforcement has frozen $8.1m of funds connected to cryptocurrency exchange WazirX. The regulator is looking into fraud charges and accusations of the firm violating the Reserve Bank of India’s policies. On Friday, the Directorate of Enforcement said in a public statement that WazirX had helped with transactions by unnamed fintech companies. […]
Synopsis The global cryptocurrency market cap was trading higher at the $1.10 trillion mark, rising higher by 2 per cent in the last 24 hours. However, the total trading volume dropped as much as 6 per cent, close to $41.98 billion. Spotlight WireNew Delhi: Despite thin trading over the weekend, the crypto market was able […]
Synopsis Bitcoin started the week trading above the $23,000 level but fell to $22,000 due to increasing pressure, US central bank’s latest interest rate hike, and ongoing tension between China and Taiwan. However, bulls have succeeded in recapturing the $23,000 back the crypto lost its weekly gains. Block Inc reported a Q2 profit of $1.47 […]