Crypto Archives

Government Agencies Probe WazirX Hack Indian government agencies, including the Financial Intelligence Unit (FIU), are investigating a $235 million hack targeting WazirX, amid suspicions of insider involvement. The crypto exchange WazirX is working closely with authorities, such as the Financial Intelligence Unit, to address the $235 million theft from its wallet in July. Sources told […]

Dubai’s Virtual Assets Regulatory Authority (VARA) has revised its marketing regulations as part of a broader framework for Virtual Asset Service Providers (VASPs) in the Emirates. These new rules, effective from October 1, aim to enhance transparency, consumer protection, and prevent misleading information in the rapidly expanding virtual assets sector in Dubai. Central to these […]

In a major crypto crackdown, Germany has shut down 47 crypto exchanges allegedly for carrying out illegal activities including money laundering. The decision was taken by the German Attorney General’s Office Frankfurt am Main and the country’s Federal Criminal Police Office(BKA). The Frankfurt am Main Public Prosecutor’s Office and the Federal Criminal Police Office (BKA) have successfully […]

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Turkey has become a hotspot for crypto firms eager to establish their presence, with a significant number of companies applying for licenses under new regulations. The Turkish Capital Markets Board (CMB) recently announced that 47 cryptocurrency companies have applied for licenses in response to the newly introduced regulations. Among the applicants are prominent exchanges such […]

HSBC Australia has announced it will block customer payments to cryptocurrency exchanges starting July 24 due to concerns over customer protection. HSBC Blocks Crypto Payments In a July 24 email to customers, HSBC Australia detailed its “new safety measures,” stating: “From 24 July 2024, HSBC will block payments from bank accounts and credit cards that […]

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India is set to unveil a discussion paper on its crypto policy by September, as announced by Economic Affairs Secretary Ajay Seth. The paper aims to gather feedback from relevant stakeholders on proposed regulations to foster the growth of the crypto market. Expanding Regulatory Scope Seth highlighted that, at present, cryptocurrencies in India are regulated […]

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The Nigerian Police Force has escalated its efforts against crimes involving cryptocurrencies by detaining well-known crypto figure Linus Williams, who is popularly known as BLord. The arrest was confirmed by the Force Public Relations Officer, Olumuyiwa Adejobi, through a statement issued on July 17. According to the announcement made on X, BLord was arrested due […]

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From 2018 to 2023, unauthorized crypto mining operators in Malaysia have illicitly appropriated electricity valued at $723 million. During a recent event, Malaysia’s Deputy Minister of Energy Transition and Water Transformation, Akmal Nasrullah Mohd Nasir, disclosed these figures as authorities destroyed around $467,000 worth of confiscated items, including Bitcoin mining devices and other electrical equipment. […]

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Introduction of the Tezos-Branded Card The Tezos Foundation has partnered with Baanx to introduce a Tezos-branded, non-custodial crypto card. This innovative card will operate on Etherlink, an Ethereum-compatible Layer 2 blockchain enhanced by Tezos Smart Rollups technology, facilitating swift and cost-effective transactions. The Tezos Foundation-backed card will be widely accepted by over 110 million merchants […]

India’s CoinDCX has acquired the Dubai-based crypto trading platform BitOasis, aiming to broaden its reach into new markets. The Indian exchange previously invested in BitOasis in August 2023. Rapid Growth and Strategic Investments Since its inception in 2018, CoinDCX has grown to serve over 15 million users and offers more than 500 crypto assets, with […]