Crypto News Center

Potential Altcoin Season in August, Says JPMorgan

The altcoin season is one of the most anticipated events this year, as non-Bitcoin investors have been waiting for profits for a long time now. The chances of an altcoin season rose prior to the recent crash, but there are hopes for the coming month. JPMorgan Is Bullish on Recovery In a recent research report, JPMorgan noted that they expect Bitcoin and the crypto market to rebound in August. The...

Russian lawmaker proposes national Bitcoin reserve

Proposal highlights Bitcoin as a hedge against sanctions and volatility, paving the way for alternative reserves in global trade. Photo: Bitcoinist Key Takeaways A Russian lawmaker has proposed the creation of a national Bitcoin reserve to counteract sanctions and geopolitical risks. The proposal could influence other sanctioned countries to consider cryptocurrencies as tools for maintaining financial stability. A Russian lawmaker has proposed creating a national Bitcoin reserve to hedge against...

WazirX Explores Recovery Options Following $230 Million Hack

TLDR WazirX, an Indian cryptocurrency exchange, lost $230 million (45% of customer funds) in a hack on July 18, 2024. The exchange is considering various options for fund recovery, including reaching out to other exchanges and projects for help. WazirX proposed a controversial plan to distribute the loss impact among all users, even those not directly affected by the hack. Custody provider Liminal denies its infrastructure was compromised in the...