Archive for July 2024
Major Hack on WazirX: North Korean Exploiter Converts $230 Million Stolen Crypto into Ether
Bitcoin and SHIB are trading at a 30% discount on WazirX following a significant hack that resulted in $230 million worth of user assets being stolen. The exchange cited a data discrepancy with a custodial platform as the cause of the breach. However, prominent figures in the Indian crypto community are skeptical of this explanation.…
Bitcoin Struggles with Key Resistance Despite Positive Inflation Data: Will Bullish Momentum Return?
Despite a favorable U.S. inflation report, Bitcoin (BTC) was unable to overcome a significant resistance level on Thursday, continuing its downward trend that began in early June. The positive inflation news initially boosted market optimism and increased bets on a potential Federal Reserve rate cut, driving interest in higher-risk assets like BTC. For a brief…
Mt. Gox Begins Repaying Bitcoin and Bitcoin Cash After 10-Year Wait
Mt. Gox, once the world’s leading crypto exchange, has initiated repayments to customers affected by a 2014 hack that resulted in the loss of 740,000 BTC. This marks the end of a nearly 10-year wait for some users to reclaim their crypto assets. The announcement of repayments, starting in July, triggered selling pressure in the…