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The Latest Breaking News from WazirX

WazirX bets on AI, futures trading to fuel comeback after $235-million hack

Cryptocurrency exchange WazirX is introducing AI-powered trading tools, advanced trading products and customer experience upgrades following a cyber attack and subsequent restructuring. Founder Nischal Shetty said the platform plans to launch an AI assistant for natural language crypto trading and a subscription-based offering, while focusing on revenue generation and creditor…

The Economic Times

Bitcoin remains resilient at $63,600 amid steady ETF inflows and institutional buying

In the past 24 hours, Bitcoin was up 1.30% whereas Ethereum was up 1.67% to trade at $1,723 mark. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin and Cardano gained upto 4.85%.

The Economic Times

Bitcoin consolidates near $73,600 as whale outflows hit highest level since February

Bitcoin hovered near $73,660 as whale outflows hit their highest level since February, adding to short-term selling pressure. Major altcoins saw mixed moves, with BNB, XRP, Solana, Dogecoin and Cardano gaining, while Tron slipped. Market sentiment remained cautious even as global crypto market capitalisation edged up to $2.47 trillion.

The Economic Times

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Choosing a crypto exchange in India? Read this first

With fees, security and ease of use all up for scrutiny, WazirX makes a strong case for being the everyday trader’s go-to platform in India’s crowded crypto market.

The Economic Times

WazirX launches crypto Futures with lowest trading fees and no volume threshold

WazirX has launched crypto Futures trading for Indian traders, offering the lowest maker and taker fees in the market without volume thresholds. This move aims to democratize derivatives trading by allowing direct INR access and prioritizing user education on responsible practices. The initiative also supports WazirX's ongoing restructuring efforts by…

The Economic Times

India Reviewing Crypto Stance Amid Shifting Global Views: Senior Official

India is reviewing its crypto views amid a shift in global attitudes toward cryptocurrencies, but it doesn't mean the country will immediately warm up to the sector, a senior official said Sunday.

International Business Times

July Was Very Profitable For Crypto Hackers, Says Expert Amid $266M Losses

The crypto industry lost more than $266 million in July, most of which was suffered by WazirX, which has been accused of not being transparent about the exploit and not doing enough to handle the matter for the benefit of its users.

International Business Times

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'Mischief Makers' Evolving With Crypto Industry, Single-Week Losses Hit $250M

The broader crypto industry is evolving ways to protect investors from hacks and frauds, but bad actors are evolving too, as exhibited last week, when WazirX was exploited for a staggering $230 million.

International Business Times

Indian WazirX Hacked For $230M: $SHIB Dips After North Korea-Linked Exploiters Dump Stolen Tokens

WazirX has lost over $230 million in cryptocurrencies to an exploit tied to the notorious North Korea-linked Lazarus Group, raising fears that chances for the stolen funds to be recovered are low.

International Business Times

Crypto Whale Sells Nearly $4M Worth Shiba Inu, But Token Retains Upward Trend

The SHIB token saw a significant crypto whale transaction on Saturday, following a year of milestones and significant interest in the cryptocurrency realm.

International Business Times

Shiba Inu Trounces ETH, XRP, MATIC; Hailed As Second Most Traded, Top Performing Crypto Asset Of 2023

Only Shiba and Bitcoin have maintained their status as the most popular tokens on India-based WazirX, consistently making it to the exchange's monthly ranking of the top four tokens.

International Business Times

Indian crypto exchange WazirX moves funds after Binance cuts off service

Indian crypto exchange WazirX said it was transferring funds held with Binance for its operations to other wallets after Binance said it was cutting off the service, the latest in a running dispute between the two companies over their relationship.

The Times of India

WazirX episode reveals darker side of crypto, say government sources

The Enforcement Directorate (ED) has been investigating money laundering allegations against WazirX

The Hindu

Morning Digest | India finishes 4th as Commonwealth Games closes; BJP says it will stand by ally JD(U), and more

A select list of stories to read before you start your day

The Hindu

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The Hindu

Closing off-chain fund transfers with WazirX: Binance

Effective from August 11, Binance will cease to support off-chain fund transfers between WazirX exchange and Binance via the "Login with Binance" option after the Enforcement Directorate froze ₹64.67 crore worth bank deposits of WazirX

Benzinga

Who Owns WazirX? Founder And Binance CEO Disagree Amid Money Laundering Probe

A day after the Indian Enforcement Directorate (ED) froze assets worth $8.1 million of cryptocurrency exchange firm WazirX as part of a money laundering probe, a Twitter war has broken out between the exchange’s founder Nischal She

Benzinga

Indian Law Agency Freezes $8.1 Million Of WazirX Funds As Part Of Anti-Money Laundering Probe

The Enforcement Directorate (ED), tasked by the Indian government to probe major financial crimes, announced Friday it had frozen assets worth $8.1 million of cryptocurrency exchange WazirX as part of an investigatio

The Times of India

ED freezes over Rs 64 crore bank deposits of crypto exchange WazirX

NEW DELHI: The Enforcement Directorate (ED) on Friday said it has frozen bank deposits of Rs 64.67 crore as part of a money laundering probe against crypto currency exchange WazirX.

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The Hindu

ED issues order to freeze ₹64.67 crore linked to WazirX

“The lax KYC norms, loose regulatory control of transactions between WazirX and Binance, non-recording of transactions on block chains to save costs and non-recording of the KYC of the opposite wallets has ensured that WazirX is not able to give any account for the missing crypto assets,” the ED alleged…

The Times of India

ED probing crypto exchange WazirX for money laundering of Rs 2,790 crore

NEW DELHI: Minister of state for finance Pankaj Chaudhary on Tuesday said the Directorate of Enforcement is probing alleged money laundering of Rs 2,790 crore through crypto exchange WazirX.

Benzinga

83% Active Indian Traders Unhappy With 1% TDS: Here's How Many Sold Over 50% Of Their Portfolio

About 83% of traders believe that the government’s decision to levy 1% Tax Deducted at Source (TDS) on transactions involving digital assets has deterred their trading frequency, according to a survey.

The Times of India

Crypto exchanges hunker down as woes pile up in India

NEW DELHI: India’s largest digital assets exchanges are bracing for a drawn-out crypto winter — one with some unwelcome local twists.

The Times of India

Crypto payments are frozen across India, hitting trading

BENGALURU: When Surojit Chatterjee walked on stage at a Coinbase Global Inc conference in Bengaluru, India, on April 7, he had little reason to anticipate the fallout that would shortly ensue. Chatterjee, the company’s chief product officer, told the assembled audience that crypto investors would now be able to use…

Benzinga

Regulatory Hammer Gives Another Blow To Bitcoin, Ethereum, Dogecoin In India

A shadow of fear and uncertainty in India's cryptocurrency ecosystem has brought the top exchanges in the country to their knees with trading volumes for the likes of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and

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