This report will provide some essential and quick news about the cryptocurrencies happening worldwide.
1) WazirX intends to distribute the $230 million hack loss among its users
A cyber attack resulted in a $230M loss for WazirX, a significant Indian crypto exchange, which affected nearly half of its reserves. WazirX, a prominent Indian cryptocurrency exchange, recently published a contentious proposal to allocate a $230 million loss among its users in the aftermath of a significant security compromise…[cotinue reading]
2) Grayscale Ether ETF Loses $356M Despite ETH Price Rise
On Friday, the Grayscale Ethereum Trust ETF (ETHE) was losing value even though Ethereum recovered from an early loss and was trading back up at the $3,250 mark. A significant outflow of $152.3 million from spot Ether exchange-traded funds (ETFs) resulted in the second-largest crypto by market capitalization falling toward $3,000 on July 25…[continue reading]
3) Ledger has introduced a new hardware wallet called the Ledger Flex
Ledger has introduced the Ledger Flex, a new mid-range hardware wallet that is priced at $249. Ledger’s proprietary operating system and NFC connectivity are the driving forces behind the new device’s secure E Ink interface feature, according to the French startup. The company further stated that the new features will improve usability and increase security without compromising wallets…[continue reading]
Robert F. Kennedy Jr. presented some revolutionary concepts regarding the integration of Bitcoin into the U.S. economy in the event that he were to win the election at Bitcoin 2024 today. Kennedy had the notion to transmit the 204,000 Bitcoin that the Justice Department and U.S. Marshalls have stored to the Federal Reserve…[continue reading]
5) Colombia’s greatest bank utilizes Chainlink to implement stablecoin transparency
Wenia, a digital asset company that is part of the Bancolombia Group, has incorporated Chainlink’s Proof of Reserve (PoR) to improve the transparency of its Colombian peso-backed stablecoin (COPW). It is the objective of the integration to safeguard against potential infinite mint assaults and to offer users real-time visibility into the stablecoin’s reserves…[continue reading]
Wallets