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Cryptocurrency
WazirX Bounces Back After $235M Cyberattack with a Fresh Strategy
In July 2024, Indian cryptocurrency exchange WazirX faced a significant setback when a cyberattack, allegedly orchestrated by North Korea’s notorious Lazarus Group, resulted in a staggering loss of $235 million. The incident had a severe impact on the platform, shaking user confidence. However, WazirX is now diligently working on a comprehensive recovery plan aimed at rebuilding trust and compensating its affected users. Recovery Plan Supported by Singapore’s Legal Framework In…
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Cryptocurrency
WazirX Bounces Back After $235M Cyberattack with a Fresh Strategy
In July 2024, Indian cryptocurrency exchange WazirX faced a significant challenge when a cyberattack, allegedly orchestrated by North Korea’s notorious Lazarus Group, led to a staggering $235 million loss. Despite the severe impact, WazirX is now channeling its efforts towards rebuilding trust and compensating the affected users. Strategic Recovery Plan with Singapore’s Support To effectively address the aftermath of the cyberattack and ensure a path forward, WazirX is implementing a…
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Cryptocurrency
Philippine Banks Propel PHPX Stablecoin to Support Filipinos Globally
The anticipated launch of PHPX, a peso-backed stablecoin supported by leading Philippine banks, has generated significant enthusiasm among the Filipino expatriate community. As remittances form the backbone of the Philippine economy, the introduction of PHPX is poised to simplify the cross-border payment framework. This article delves into the potential impact of PHPX on the lives of Overseas Filipino Workers (OFWs) and explores the broader implications for financial inclusion in the…
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Cryptocurrency
Philippine Banks Propel PHPX Stablecoin to Empower Global Filipinos
The upcoming launch of PHPX, a peso-backed stablecoin supported by leading Philippine banks, has generated significant excitement among the Filipino expatriate community. Remittances have long served as a vital pillar of the Philippine economy. Scheduled to launch between May and July, PHPX aims to streamline the cross-border payment process. But how will this impact the lives of Overseas Filipino Workers (OFWs)? Let’s explore further! What Makes PHPX Revolutionary for Overseas…
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Cryptocurrency
UK Treasury Rules Out Crypto Staking as a Collective Investment Scheme
The UK Treasury has recently made a significant announcement regarding the regulation of crypto staking, a process that involves locking cryptocurrency tokens to facilitate and validate transactions on a blockchain network. This update clarifies that staking does not fall under the classification of “collective investment schemes” (CIS), a category traditionally reserved for investment vehicles like funds and ETFs. This decision has been met with relief and optimism by participants in…
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Cryptocurrency
UK Treasury Rules Out Crypto Staking as a Collective Investment Scheme
The UK Treasury has recently made a pivotal announcement regarding the regulatory framework for crypto staking. In a move that has been met with widespread approval within the cryptocurrency community, it has been confirmed that staking does not fall under the classification of “collective investment schemes” (CIS). Typically, this category encompasses investment vehicles such as investment funds and exchange-traded funds (ETFs). This clarification brings a sigh of relief for those…
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Cryptocurrency
The Impact of David Sacks and Paul Atkins on Bitcoin
In 2025, Bitcoin is navigating a challenging phase, currently maintaining a relatively low profile at $92,000. The recent approval by the Department of Justice to liquidate Bitcoin holdings has sparked market panic and raised concerns about potential liquidity issues in the coming weeks. This decision is viewed by many as a politically motivated strategy by the Biden administration to hinder Bitcoin’s progress and impede former President Trump’s cryptocurrency policies. However,…
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Cryptocurrency
How David Sacks and Paul Atkins Are Set to Shape Bitcoin’s Future
Bitcoin’s Journey: Navigating Challenges and Opportunities in 2025 The world of cryptocurrency is experiencing a tumultuous phase as Bitcoin stabilizes at $92,000. This period of uncertainty is largely influenced by the U.S. Department of Justice’s recent approval to liquidate a significant amount of Bitcoin, causing widespread market anxiety and potential liquidity issues in the upcoming weeks. Some analysts perceive this move as politically motivated, aimed at undermining the cryptocurrency policies…
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Cryptocurrency
Could XRP Face a Potential 74% Drop? Analyst Highlights Crucial Levels to Monitor
The cryptocurrency XRP, integral to the Ripple blockchain, is navigating through turbulent waters as signs of a potential bearish trend emerge. Prominent crypto analyst EGRAG Crypto has issued a cautionary note regarding a possible 74% price drop for XRP. This analysis comes amidst a broader market decline, with XRP experiencing a 5% price dip over the past week. XRP’s Potential Price Decline: A Closer Look In a recent analysis shared…
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Cryptocurrency
Could XRP Face a Potential 74% Drop? Analyst Highlights Crucial Levels to Monitor
In the ever-evolving world of cryptocurrency, XRP, a vital component of the Ripple blockchain, is currently facing potential bearish momentum. Renowned crypto analyst EGRAG Crypto has raised concerns about a possible 74% drop in XRP’s price. This alarming prediction comes alongside a negative turn in the XRP funding rate and an overall decline in the broader market, which has resulted in XRP’s price decreasing by 5% over the past week.…
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