Author: NBTC
Officials from India’s Financial Intelligence Unit and other agencies are probing WazirX over a $235 million crypto hack, as the exchange investigates potential insider involvement. Indian cryptocurrency exchange WazirX is collaborating with government agencies, including the Financial Intelligence Unit, to address the aftermath of a cyberattack that resulted in the theft of $235 million from its wallet in July, Moneycontrol has learned, citing sources close to the matter. The exchange has reportedly provided authorities with detailed server logs, transaction trails, and blockchain addresses related to the hack. While no physical assets have been seized, WazirX continues to engage in multiple…
According to data provided by Whale Alert, one of the most widely used crypto wallet tracking services, a Bitcoin address containing 50 BTC ($3.1 million at current prices) emerged from hibernation earlier today for the first time in more than 14 years. These coins date back all the way to the era of Bitcoin creator Satoshi Nakamoto (who was still active in the Bitcoin development community until late 2010). Nakamoto left their last message on the iconic Bitcointalk forum Dec. 13, 2010. The Bitcoin creator has a total of 534 messages on the Bitcointalk forum. July 2010 was his most…
VeChain faces growing criticism from its community, particularly around concerns over the limited utility of its native token, VET. The governance structure of VeChain is also under scrutiny, with concerns about potential centralization due to the influence of Authority Nodes and the use of funds for the VeBetterDAO initiative. VeChain, a leading enterprise-focused blockchain, is facing increased scrutiny from its community over concerns about its ecosystem and the utility of its native token, VET. Andrea Mortarotti, co-founder of Progetto Bridge, voiced concerns on X about the blockchain firm’s recent decisions and weak tokenomics. VeChain Faces Community Backlash One of the…
XAI Games, a decentralized forum built on top of Arbitrum to provide an Ethereum L2 scaling solution, has announced a new partnership. As per XAI Games, the platform has collaborated with Novadash and Spiral DAO to offer Liquid Locker as a game-changing feature to let users get rewards while maintaining liquidity within the staking ecosystem. The platform took to its official social media account on X to provide details about this endeavor. Liquid Locker 🤝 Xai GamesHomegrown community initiatives will always be supported by Xai, we’re extremely fortunate to have so many S-tier individuals that support our vision with their…
21.co, the parent company of 21Shares, has announced a strategic partnership with Crypto.com. The collaboration will enhance liquidity and custody solutions for 21.co’s wrapped tokens, starting with its wrapped Bitcoin (BTC). Wrapped tokens like 21BTC allow users to use Bitcoin on other blockchains, such as Ethereum (ETH), by “wrapping” the original asset in a smart contract. This allows users to benefit from Bitcoin’s value while also interacting with decentralized finance applications. DeFi is a system of financial services built on blockchain technology, offering alternatives to traditional financial services without intermediaries like banks. You might also like: Pi Network token IoU…
An X user boldly declared Bitcoin is going up forever along with a hyperbolic chart, hinting at forecasting Bitcoin’s exponential growth. The post attracted a lot of attention and many supporters of Bitcoin agreed that the cryptocurrency has a bright future. Peter Schiff, a well-known critic of Bitcoin, quickly weighed in saying posts like this are yet another reason to sell Bitcoin. As always, a lively discussion after Schiff’s remark occurred. In response, the original poster shared an earlier tweet from Schiff from 2018 in which Schiff cautioned against purchasing Bitcoin at $3,800 stating that it might drop even lower.…
The situation has started to get worrisome for XRP as selling pressure is increasing. The XRP price is also significantly down today as bears have taken control of the market. The more troubling thing is that XRP is one of the most poorly performing coins in the last few days. Coins like Bitcoin (BTC) also faced declines, but not major ones compared to XRP. Amid this negative situation, XRP whales seem to be losing hope as they increase selling pressure. Crypto tracking service Whale Alert has detected three huge XRP transfers to top crypto exchanges. These potential sales have injected…
A U.S. bankruptcy judge has approved the reorganization plan of collapsed cryptocurrency exchange FTX, marking a major milestone two years after it collapsed amid allegations of fraud and abuse. Delaware District U.S. Bankruptcy Court Judge John Dorsey approved the plan at a hearing today, setting the stage for distributing funds to creditors. Under the approved plan, 98% of creditors will receive at least 118% of their claims in cash. 94% of creditors in the “dotcom customer claims” class, representing approximately $6.83 billion in claims, voted in favor of the reorganization plan. Despite the approval, the plan has faced criticism from…
With decades of trading experience dating back to the 1970s, veteran trader Peter Brandt has recently published an outlook that examines Bitcoin’s performance relative to gold, drawing attention to a bullish technical pattern that could signal a major price spike for Bitcoin (BTC). This pattern often signals a big market reversal, suggesting that the first cryptocurrency could soon surge against the precious metal. At the heart of Brandt’s analysis is a detailed look at the key elements within this inverted head and shoulders pattern: The neckline is at 32.5, the left shoulder low is at 14.2, and the right shoulder…
X Empire, a tap-to-earn Telegram game inspired by Elon Musk, has officially launched its Chill Phase, a new initiative aimed at rewarding its community with an additional 34.5 billion $X tokens, representing a 5% increase in the total token supply allocated for distribution. This exciting phase will last for two weeks, resetting all in-game characters and creating a fresh environment for existing users and newcomers. What is X Empire’s Chill Phase? The new Chill Phase will allow the users to tap on its avatar and unlock upgrades. However, all the progress made by the players has been reset and in…