Indian Crypto Exchanges Reveal Repercussions of the WazirX Hack Aftermath on Their Platforms

The crypto sector in India is comprised of both national and international exchanges, offering hundreds of cryptocurrencies for investors, similar to trading on the stock market. This week, Mumbai-based WazirX, a widely used crypto exchange in India, fell prey to cybercriminals who managed to steal over $230 million (roughly Rs. 1,924 crore) from its reserves….

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Crypto Trading Volumes on Centralised Exchanges Reportedly Falling Due to Market Volatility

Centralised exchanges around the world are witnessing an ongoing decline in crypto trading volumes in the last three months. As per information shared by data provider CCData, June saw a monthly decline of 21.8 percent in trading volumes of digital assets. Several macro-economic factors, including the recent slump in Bitcoin’s price, launch of ETFs, and…

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WazirX Data Breach: Rivals Assure Investors About Fund Safety After Crypto Firm Suffers Alleged Data Breach

Indian crypto exchange WazirX informed its users about a security breach on Thursday, that reportedly led to suspicious movement of funds worth $234.9 million (roughly Rs. 1,965 crore) into a Tornado Cash-linked wallet. Many crypto investors in India have expressed apprehension about the potential loss of user funds. WazirX’s rivals in India, including CoinDCX, Giottus,…

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Crypto Scammers Posing as Professors, Academicians to Target Investors, US Regulator Warns

Scammers targeting the crypto sector are getting more creative, as adoption continues to increase. Regulators from the US have issued a warning against an emerging category of crypto scams targeted at crypto investors, where scammers pose as professors or academicians. Social networking platforms including Facebook, WhatsApp, and Telegram are being exploited by cyber miscreants to…

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How AppChains Could Help Transform Web3, dApps and Blockchain Technology

Global interest in blockchain technology has grown significantly in recent years, and India is no exception to this trend. Among the latest developments within the Web3 ecosystem, “AppChains” have captured the attention of developers. These ‘application-specific blockchains’ represent a crucial stage in the ongoing development of blockchain technology and could help shape the sector as…

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Kraken, Coinbase and Blockchain Firms Aim to Tackle Emerging Threats With Blockchain Security Standards Council

Crypto exchanges and blockchain firms have launched a special initiative called the Blockchain Security Standards Council (BSSC) in order to open discussions around the security provisions related to blockchain technology. Kraken, Coinbase, Ribbit Capital, and Sentinel Global are some of the crypto firms that have formed the BSSC. The security of blockchain-based systems has taken…

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