Bitcoin price is not yet out of the woods as investors speculate on midterm economic uncertainties in the United States.
During the recent conference call with journalists, WazirX founder Nischal Shetty stated that the customers would probably lose 43% of the money they had with the exchange.
The investigation adds to the mounting global pressure on Telegram, which is also facing inquiries in other countries, such as India.
The crypto industry is expected to register heightened volatility in the coming weeks amid high-impact news, especially in the United States.
Customers are advised to stay informed about the ongoing proceedings and prepare for the likelihood of a partial return of their assets.
Amid the global market uncertainty, Bitcoin has given subpar returns during the last quarter and so, while Gold has seen a steady ascent.
DeFi protocols saw their fees drop to $288 million in August, marking a significant decline from July’s $381.45 million and a steep fall from March’s peak of $494.14 million.
One key upgrade that the Cardano protocol has had to embrace is the Chang hard fork. On September 1, the much-anticipated upgrade was activated, marking a massive shift towards decentralized governance for the ecosystem.
Altcoin Season Index reading indicated that it was still a Bitcoin season as most altcoins underperformed BTC.
The integration of AI will make the Smart Arbitrage trading bot more intuitive and present additional opportunities for gains as OKX aims to target a wider user base and expand its footprint across the globe.
Last week’s overall outflows were largely driven by two funds. Those are Ark Invest/21Shares’ Bitcoin fund (ARKB) and Grayscale’s Bitcoin ETF (GBTC).
While Solana’s recovery and transaction volume are promising, the overall market conditions may still pose challenges.
The Chainlink network has grown to a major tokenization platform for real-world assets fueled by institutional investors seeking to tap into the Web3 ecosystem.
The digital asset will be fully backed by reserve assets held in regulated and authorized institutions within Hong Kong.
SBI admits that this collaboration presents an opportunity for it to forge ahead with its corporate Bitcoin savings strategy.