Heated Dispute Exacerbate Between WazirX and Binance as the Indian Crypto Platform is Directed to Relocate Funds from Binance

Nowadays, it’s very common for two companies who sell or offer similar goods or services to rival as both companies want to snatch each other’s customers and want to be at the top. A new rivalry added to this long list that creates havoc among the Crypto community. The Binance-WazirX dispute is causing quite a stir in the Indian crypto …

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BonqDAO Attackers Launch Attempts to Funnel Funds into Tornado Cash

BonqDAO’s catastrophic hack continues to wreak havoc, with PeckShield reporting that the attackers have begun their efforts to siphon off funds through Tornado Cash. This follows Foresight News’ revelation of $120. million-dollar loss due to BonqDao’s lackluster security protocols – which were ultimately responsible for this event. In an attempt to ensure that such nefarious activity doesn’t occur again in …

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Australia Aiming High: Unveiled Token Mapping Consultation Paper, Foresees Crypto Rule Framework Launch in 2023

Australia has recently unveiled a consultation paper on token mapping, further cementing its commitment to regulating the crypto space. This move is set to pave the way for revealing an official framework by 2023. which will outline laws and regulations regarding the usage of digital assets in the country. According to experienced professionals, this proactive approach reflects Australia’s preparedness to …

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Logan Paul and CryptoZoo Face Unprecedented Class Action Lawsuit

The crypto market has seen its fair share of frauds and rug pulls, with the recent addition to this long list causing quite a stir, and heightened risks associated with the proliferation of crypto projects and ventures. Logan Paul and CryptoZoo have been slapped with a class-action lawsuit for alleged negligence. According to the legal documents, multiple aggrieved consumers are …

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BonqDAO Lost $120 Million in a Cyber Attack

Crypto-asset security is an ever-present concern, and its fragility has been highlighted once again. BonqDao, a financial services provider, has been subject to a crippling cyberattack as its oracle was infiltrated by an insidious hacker. The exploit enabled the criminal to manipulate the price of AllianceBlock tokens, resulting in losses amounting to $120 million for BonqDao. The blockchain security firm …

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South Korean Police Imprisons Bithumb CEO for Misappropriation of Funds

In a landmark case that has sent shockwaves through the crypto community, South Korean authorities have arrested the CEO of one of the world’s largest cryptocurrency exchanges for alleged embezzlement. Kang Jong-hyun, CEO of Bithumb, was apprehended on Tuesday and faces charges relating to the purported misappropriation of millions of dollars and stock price manipulation in Bithumb’s affiliate firms. The …

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U.S Senators called Silvergate Capital Corp over the Allegations of Misuse of Customer Funds by FTX

U.S. Senators are calling on Silvergate Capital Corp to provide answers and explanations over the allegations of misuse of customer funds by cryptocurrency exchange FTX, highlighting a grave concern for consumer protection. Their demand has raised eyebrows across the financial industry with many questioning why Silvergate, which prides itself on providing secure banking services, failed to detect signs of fraudulent …

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Coinbase Wallet Brings Some New Features for the Prevention of Thefts

A cryptocurrency company called Coinbase just released many updates to its Wallet software that will improve security and user experience. To safeguard users from harmful actions like spam tokens and airdropped assets, these tools include transaction views, token acceptance notifications, and an automated blocklist of flagged Apps. Users can also get token approval warnings when dApps want to access their …

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Recruiting Firms in Japan Are Using the Metaverse

The recruitment and job-search scene in Japan is beginning to shift as a result of metaverse technology. A job fair with over 2,000 students in attendance gave them the chance to interact with recruiters through virtual avatars and consider the features and disadvantages of each career opportunity. According to the reports, participants were free to raise sensitive issues pertaining to these …

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Bitcoin Price Tips Near 24K

As per the data from IntoTheBlock, due to the price surge, 64% of the investors of bitcoin are now profiting from the enormous price increase that occurred in January. The Crypto Fear and Greed Index just recorded bitcoin’s (BTC) 11th successive day outside the “Fear” zone, making this the longest stretch of days without fear since 2022. On January 29, …

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