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Top 10 Cryptocurrency
India’s Best Suffers From Crypto Tax Laws, Sees 90% Drop
Launched in 2018, WazirX swiftly grew to become the largest cryptocurrency exchange in India by 2022, boasting a remarkable turnover of $43 billion. However, in the following year, the company witnessed a drastic 90% decline in its business, with its turnover plummeting to just $4 billion. This downturn wasn’t unique
North Korean Hackers Rule Crypto With $600M In Theft Last Year
Hackers associated with North Korea participated in one-third of all cryptocurrency thefts and breaches in the previous year, accumulating approximately $600 million, as stated by a study from TRM Labs. Over the last six years, the total amount acquired from cryptocurrency ventures by the Democratic People’s Republic of Korea (DPRK)
Will This New License Acquisition Superpower Coinbase In EU?
Coinbase is gearing up to introduce cryptocurrency-related derivatives in the European Union by acquiring a firm that holds a MiFID II license. This move, as disclosed to CNBC, involves the U.S.-based digital currency exchange entering into an agreement to purchase a holding company that possesses the necessary authorization. The MiFID
European Banking Authority Boosts Oversight On Crypto’s Impact In ‘Shadow Banking’ Sectors
The European Banking Authority (EBA), which oversees stress tests for banks in the European Union, plans to expand its analysis to see how problems in non-bank financial institutions (NBFIs), such as those involved with cryptocurrency, might impact banks, reports the Financial Times. Due to concerns about potential risks spreading, José
Former Amazon Engineer Confesses To Crypto Tradng Hacks
This week, a person who used to work as an engineer at Amazon admitted to hacking two cryptocurrency trading websites. This is a significant case because it’s the first time someone has been found guilty of hacking a special type of computer program used in cryptocurrency. The person, Shakeeb Ahmed,
IMF’s MD Calls For Rules To Safeguard Stability Of Crypto
On Thursday, the managing director of the International Monetary Fund (IMF) mentioned that it’s important to have rules for cryptocurrencies because they can be risky for the stability of our money system, reported Reuters. The IMF’s managing director, Kristalina Georgieva, said this during a conference about digital money in Seoul.