WazirX halts trading after $230 million ‘force majeure’ loss
WazirX, one of India’s largest cryptocurrency exchanges, has “temporarily” suspended all trading activities on its platform days after losing about $230 million, nearly half of its reserves, in a security breach.
The Mumbai-based exchange said in a tweet Sunday evening that the c
Ethereum co-founder’s warning against ‘pro-crypto’ candidates: ‘Are they in it for the right reasons?’
Vitalik Buterin, the co-founder of Ethereum, issued a warning on Wednesday against choosing a candidate purely based on whether they claim to be “pro-crypto.” In a blog post, Buterin said it’s more important to scrutinize a candidate’s broader policies to ensure they support
Caliza lands $8.5 million to bring real-time money transfers to Latin America using USDC
Real-time payments are becoming commonplace for individuals and businesses, but not yet for cross-border transactions. That’s what Caliza is hoping to change, starting with Latin America.
Founded in 2021 by American entrepreneur Ezra Kebrab, who now lives in São Paulo, Brazil, Caliza offers
IRS finalizes new regulations for crypto tax reporting
Crypto platforms will need to report transactions to the Internal Revenue Service, starting in 2026. However, decentralized platforms that don't hold assets themselves will be exempt.
Those are the main takeaways from new regulations that the IRS and U.S. Department of Treasury finalized Frida
Kenya closes its probe of Worldcoin, opening the door to a relaunch of its orbs after a year-long suspension
Worldcoin — the crypto “proof of personhood” startup co-founded by OpenAI's Sam Altman — has been given the green light to resume iris-scanning and other operations in Kenya after a year-long government probe over privacy concerns was dropped.
Kenya was one of Worldcoin
Robinhood acquires global crypto exchange Bitstamp for $200M
Stock-trading app Robinhood is diving deeper into the cryptocurrency realm with the acquisition of crypto exchange Bitstamp.
Robinhood on Thursday said it expects the final transaction value to be around $200 million and the deal to close in the first half of 2025.
Robinhood is
Farcaster, a crypto-based social network, raised $150M with just 80K daily users
Farcaster, a blockchain-based social protocol founded by two Coinbase alumni, announced on Tuesday that it closed a $150 million fundraise. Led by Paradigm, the platform also raised money from a16z crypto, Haun Ventures, USV, Variant, Standard Crypto and others, according to a blog post by founder
Alliance DAO is attracting fewer US founders amid crypto crackdown
The graduates of Alliance DAO are often useful indicators of investor appetite and user adaption trends within the crypto space. The latest batch of the stage-agnostic crypto accelerator, unveiled today, comes at a moment of great excitement for the recovering market.
Just two months ago, Bitcoin h
Haun Ventures is riding the bitcoin high
Blockchain startups were red-hot when Katie Haun left Andreessen Horowitz in 2021 to launch her own crypto-focused venture firm. But shortly after Haun announced that Haun Ventures’ two funds totaled $1.5 billion, cryptocurrency prices cratered and FTX collapsed.
Despite having a massive arse
Binance CEO ‘CZ’ sentenced to four months in prison
Changpeng Zhao, also known as “CZ,” the founder and CEO of crypto exchange Binance, has been sentenced to four months in prison.
Six days ago, the US Department of Justice had recommended that Zhao be given a 36-month prison sentence, which would have been “well above the possible 18 months l
Sam Bankman-Fried gets 25 years in prison for fraud and money laundering at FTX, ordered to pay $11B in forfeiture
Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, was sentenced to 25 years in prison by Southern District of New York (SDNY) Judge Lewis Kaplan, about five months after he was found guilty on all seven counts related to fraud and money laund
Web3 investment firm Borderless Capital acquires CTF Capital to bring AI and quant expertise
Borderless Capital, an investment firm that specializes in web3, announced Tuesday that it is acquiring CTF Capital, a quantitative trading and asset management firm headquartered in Miami, with technology and operation teams in Latin America. The financial details of the deal were not disclosed. T
Rails launches with $6.2M round for its decentralized FTX alternative
Rails, a decentralized crypto exchange, has raised $6.2 million in attempts to fill the void FTX left behind after crashing in 2022, the startup's co-founder and CEO Satraj Bambra exclusively told technewss. It is currently in the early stages of launching an offshore service in select crypto-
Crypto exchange OKX ceases services in India; KuCoin becomes FIU compliant
Updated at 12.16am IST, March 23: KuCoin said it has become the first global crypto exchange to comply with India’s FIU. KuCoin said it will support local banks in India and other fiat entities and will invest in educating the market about the potential of crypto.
“This is not just a mi