Binance Ends Wallet Support for WazirX After Public Argument

  • Binance discontinues wallet support for WazirX: Binance has stopped its wallet services for WazirX following a disagreement over ownership of the Indian exchange. A deadline has been given for Zanmai Labs to withdraw funds used for WazirX’s operation.
  • Alleged violations of foreign exchange regulations by WazirX: Indian authorities have started looking into the operations of the exchange due to alleged violations of foreign exchange regulations.
  • Proof of reserves revealed: A proof of reserves report shows that 90% of user assets are stored in Binance wallets, with only $26.45 million held by other exchanges.

Binance Discontinues Wallet Support for WazirX

Binance, the world’s biggest crypto exchange, has ended its wallet support for WazirX, an Indian cryptocurrency platform, after false claims were made by Zanmai Labs which manage the platform. In a blog post, Binance stated it had given Zanmai Labs an opportunity to retract these untrue statements or end the partnership and since no satisfactory reply was received it was forced to terminate their association. The deadline set by Binance is February 3rd 2023 at 11:59 UTC for Zanmai Labs to recover all assets utilized in WazirX’s operations, although they have expressed intentions to do so and have noted the final responsibility lies on them.

Alleged Violations Of Foreign Exchange Regulations By WazirX

This dispute began when Indian authorities started looking into the operations of this exchange due to alleged violations of foreign exchange regulations. This argument ignited between Nischal Shetty co-founder of WazirX and Changpeng Zhao CEO of Binance concerning who holds authority over this platform. This controversy came about after a proof-of-reserves report was published by CoinGabbar a third-party website tracking crypto assets showed 90% user assets stored in Binance wallets with only $26.45 million held by other exchanges out of total user asset value amounting to $285 million represented through stablecoin USDT linked to US dollar value.

Proof Of Reserves Revealed

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In response Binance clarified that although it does provide wallet and tech services it does not own any part or share equity in this platform despite announcements back in 2019 pointing otherwise. They also mentioned that if these withdrawals are not carried out according to plan legal proceedings will be taken against those accountable while protecting their customers from any loss incurred as a result thereof.

Disputes Between Parties

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These events come right after both parties engaged in public disputes on Twitter regarding ownership rights over this platform making allegations such as one side claiming others were trying manipulate their way through and other side refuting such accusations while emphasizing they don’t own any part or share equity in this organization but merely offer tech and wallet services which can be withdrawn anytime without prior notice or consent from either party as per terms conditions set forth at start agreement .

Conclusion

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To conclude these recent events show how important it is for organizations involving digital money transfers via blockchain technology adhere laws guidelines issued respective countries failure do so could lead serious repercussions such legal action seizure bank accounts etc all designed protect consumers from potential losses incurred due malpractice negligence committed provider end .

Unbanked and Mastercard Team Up to Bring Crypto Cards to Europe

  • Unbanked has partnered with Mastercard to bring its crypto payments debit card to Europe.
  • The collaboration will enable the issuance of enhanced security, simplicity, and consumer protection-based cards.
  • Unbanked has already collaborated with the Litecoin Foundation to issue the Litecoin Card in the United States.

Partnership between Unbanked and Mastercard

Unbanked has inked a partnership deal with global payments giant, Mastercard, to extend the reach of its crypto payments debit card across Europe. The team says the alliance will enable the issuance of crypto cards that offer enhanced security, simplicity, and consumer protection. Unbanked joins forces with Mastercard to further collaborate on the issuance of crypto-based cards that will offer users these features.

Litecoin Card in UK and Europe

Unbanked enables Web3 projects to create customized experiences for their users. Via the Unbanked application programming interface (API), Web3 businesses can easily carry out white-label card issuance, create customized crypto wallets, and connect them to a mobile or web application. Unbanked previously collaborated with the Litecoin Foundation to issue the Litecoin Card which is now available in both US and Europe. This initiative by Unbaked is aimed at extending access for LTC powered cards even further.

Benefits from Crypto Cards

The use of crypto-powered cards offers various advantages such as enhanced security, protection, and simplicity. With this partnership between Unbaked and Mastercard, these benefits are expected to be enjoyed by users across Europe who would want make use of this service.

Litecoin (LTC)

At press time Litecoin (LTC) is exchanging hands at $195 after gaining over 89% in three months. It is currently world’s 13th largest cryptocurrency by market cap according to data from CoinMarketCap.

Conclusion

This initiative by Unbaked aims at bringing digital assets adoption closer through connecting DeFi and crypto services banks debit cards and legacy financial services thereby making it easier for people all over Europe have access cryptocurrency payments solutions efficiently .

DPRK Launders $17.7M in ETH: Binance and Huobi Take Action

• A self-styled crypto investigator ZachXBT claims that actors allied to the Democratic People’s Republic of Korea (DPRK) have laundered $17.7 million in ETH from Harmony Bridge.
• The DPRK hackers moved 11,304 Ethereum (ETH) over the weekend and consolidated them into two primary addresses before disbursing them to six different crypto exchanges.
• Binance and Huobi froze a portion of the laundered funds, recovering 124 Bitcoin (BTC) worth $2.8 million.

DPRK Linked Hackers Launder Millions

A self-styled crypto investigator going by the social media moniker ZachXBT claims that actors allied to the Democratic People’s Republic of Korea (DPRK) have laundered another tranche of funds stolen last year from Harmony’s Horizon Bridge. Funds allegedly received by six crypto exchanges.

Hackers Move 11,304 ETH

ZachXBT tweeted that the DPRK linked hackers moved 11,304 Ethereum (ETH) over the weekend, valued at approximately $17.7 million. They consolidated this money into two primary addresses before sending it out to six different crypto exchanges. Additionally, ZachXBT discovered another address with 5,974 ETH worth $9.4 million, bringing the entire haul laundered over the weekend to 17,278 ETH with a market value of $27.1 million. At the time of writing, 895 Bitcoin (BTC) withdrawals had been mapped out to 14 addresses from these exchanges; these are currently worth about $20.6 million in total value.

Lazarus Group Previously Laundered Funds

On Jan 15th 2021, Lazarus Group reportedly behind this hack had moved 41,000 ETH worth 63$5million through Railgun – a privacy and anonymity platform built on Ethereum that uses zero-knowledge proofs (ZKP). The group deposited this money into three main addresses before disbursing it out to more than 350 other associated wallets .

Binance & Huobi Freeze Portion Of Funds

Binance CEO Changpeng Zhao indicated that his exchange and Huobi had discovered this activity and frozen 124 BTC worth $2.8 Million at current prices . Together they managed to freeze these accounts which led to recovery of 124 BTC .

Conclusion

To conclude , Actor’s allied with DPRK have managed to launder 27$1 Million dollars in cryptocurrencies using various techniques like consolidating funds and using railgun platform . Exchanges like Binance & Huobi were quick enough to respond on a weekend , freezing some amount leading up recovery of 124 BTC amounting up 2$8 Million dollars eventually .

McDonald’s Mulls Elon Musk’s Offer to Accept Dogecoin

• Elon Musk, CEO of Tesla and a proponent of the cryptocurrency Dogecoin, recently made headlines with his announcement of a Twitter acquisition deal.
• In response to a tweet from McDonald’s asking what they had missed, Musk hinted at the possibility of the fast-food chain accepting Dogecoin as payment.
• Musk has expressed his willingness to consume a “happy meal” on television if McDonald’s accepts Dogecoin as a form of payment.

Elon Musk, chief executive of Tesla and ardent proponent of the cryptocurrency Dogecoin, recently made headlines when he announced his acquisition of Twitter. Now, he’s making waves again with his offer for the world’s largest fast-food chain, McDonald’s.

It all started when McDonald’s tweeted asking what they had missed and Musk responded with a hint at the possibility of the fast-food chain accepting Dogecoin as payment. DogeDesigner, a UX/UI and graphic designer at Dogecoin, then asked Musk if his offer to McDonald’s was still open. Musk responded with a “100” emoji, which has since been interpreted to suggest that he was still open to the idea.

In an effort to make this a reality, DogeDesigner then tweeted directly to McDonald’s to make them aware of Musk’s offer. The tweet got a lot of attention, with many people expressing their hope that the restaurant chain would rethink their decision to stop taking Dogecoin.

Musk has also indicated his willingness to consume a “Happy Meal” on television if McDonald’s does decide to accept Dogecoin as a form of payment. A “Happy Meal” is a meal package for children that typically consists of a primary dish, an optional side dish, and a beverage.

Musk’s offer is an indication that he is dedicated to pushing for the adoption of Dogecoin, and he’s hoping that the restaurant industry will be the first to make the jump. If McDonald’s does decide to accept Dogecoin, it could open the door for other businesses to start accepting the cryptocurrency as well. Only time will tell if Musk’s offer will be accepted, but it’s certainly an exciting prospect.

More BTC Locked in Avalanche than Lightning Network: DeFi Gains Popularity

• As of Jan. 18, there were slightly over 5,701 BTC in Avalanche, exceeding the amount locked in the Lightning Network (LN) at 5,229.30 BTC.
• Avalanche is a smart contracting platform that provides developers with an alternative besides Ethereum and has developed an active DeFi community as traders opt to use dApps deployed on the network.
• The Bitcoin-Avalanche Bridge was launched in June 2022, allowing BTC holders to securely move their coins and earn extra rewards and capital gains if BTC prices rise.

The recent data on Jan. 18 reveals that there is more tokenized bitcoin locked in Avalanche than BTC in the Lightning Network (LN). Verified data indicates that as of Jan.18, there were slightly over 5,701 BTC in Avalanche, exceeding the amount locked in the LN at 5,229.30 BTC.

Avalanche is a smart contracting platform that provides developers with an alternative besides Ethereum. The modern blockchain is scalable, and on-chain fees are low. Over the years, it has developed an active DeFi community as traders opt to use dApps deployed on the network. The spike in the number of BTC tokenized in Avalanche, primarily for DeFi activities, is an endorsement of the protocol.

In June 2022, the Bitcoin-Avalanche Bridge was launched, allowing BTC holders to explore Avalanche’s DeFi ecosystem and securely move their coins. The bridge is better than those offered by competitors, as Morgan Krupetsky, the director of business development for institutions in Ava Labs, has pointed out. He cited cost and speed as differentiating factors. Tokenized bitcoin in Avalanche exists as BTC.b and is redeemable for BTC should the holder wishes to convert. By enabling this feature, BTC holders can earn extra rewards and capital gains if BTC prices rise.

The increasing number of BTC in Avalanche is a testament to its growing popularity among traders. The launch of the Bitcoin-Avalanche Bridge has allowed BTC holders to explore the DeFi ecosystem without having to sell the asset and provided greater security. With more tokenized bitcoin locked in Avalanche than BTC in the Lightning Network, it is clear that the protocol is becoming an increasingly attractive option for traders and developers alike.

Tezos India and Graviton Partner to Promote Blockchain Adoption in India

• Tezos India and Graviton have partnered to promote blockchain adoption in India.
• Graviton will provide active support to cohort groups in various areas and introduce them to the Tezos blockchain ecosystem.
• This partnership has the potential to boost the development of decentralized applications (dApps) on the Tezos blockchain.

Tezos India and Graviton, a web3 accelerator program for early-stage founders in the web3 space, have announced a partnership to advance the acceptance of blockchain technology in India. Through this partnership, Graviton is providing active support to cohort groups in various areas and introducing them to the Tezos blockchain ecosystem.

The partnership may have a major impact on the development of decentralized applications (dApps) on the Tezos blockchain. A dApp is a type of software that runs on a blockchain network. Unlike traditional apps that run on a centralized server, dApps leverage the distributed nature of blockchain technology so that they can run on a network of computers. This ensures that they are more secure, transparent, and resistant to censorship, as there is no single point of failure.

DApps are particularly useful for developing nations like India, where many people are unbanked or underbanked. Decentralized finance (DeFi) is a rapidly growing industry that leverages blockchain technology to provide financial services without the need for traditional intermediaries like banks or insurance companies. This makes DeFi an attractive solution for those who are unable or unwilling to use the traditional banking system.

The partnership between Tezos India and Graviton is expected to help the development of dApps on the Tezos blockchain, as well as to promote blockchain in India. Amanjot Malhotra, head of growth Tezos India, expressed his enthusiasm for the project: “We are extremely excited about the Web-3 innovation taking off in India, and we look forward to extending our support of the Indian crypto/Web-3 ecosystem. With the project with Graviton, we demonstrate our dedication to fostering this talent, and the Web-3 community in India is rapidly becoming a global force.”

Overall, the partnership between Tezos India and Graviton is an important step in the development of blockchain in India. This collaboration is likely to have a major impact on the development of dApps on the Tezos blockchain and promote the use of blockchain in the country.

Alles, was man über Bitcoin und Kryptowährungsbörsen wissen muss

Kryptowährungen und Kryptowährungsbörsen sind derzeit ein heißes Thema. Viele Menschen möchten in Kryptowährungen investieren, aber sie sind sich nicht sicher, wie man damit beginnt. In diesem Artikel werden wir einen Blick auf die Grundlagen von Kryptowährungen und Kryptowährungsbörsen werfen und herausfinden, wie man mit ihnen umgeht.

Was sind Kryptowährungen?

Kryptowährungen sind digitale Währungen, die in einem dezentralen Netzwerk ausgegeben werden. Im Gegensatz zu herkömmlichen Währungen, die von Zentralbanken, Regierungen oder anderen zentralisierten Institutionen ausgegeben werden, haben Kryptowährungen keinen zentralen Aussteller oder Verwalter. Stattdessen werden sie durch ein auf Blockchain-Technologie basierendes Netzwerk von Computern verwaltet. Dieses Netzwerk wird als dezentrales Ledger bezeichnet, da es alle Transaktionen aufzeichnet, die jemals in dem Netzwerk ausgeführt wurden. Bitcoin ist die bekannteste Kryptowährung.

Wie wählt man die richtige Kryptowährungsbörse?

Es ist wichtig, dass Benutzer die richtige Kryptowährungsbörse wählen, bevor sie beginnen, in Kryptowährungen zu investieren. Sie sollten sich über die verschiedenen Börsen informieren und herausfinden, welche bei ihren Bedürfnissen am besten passt. Sie sollten auch darauf achten, welche Währungen die Börse handelt und ob sie eine breite Palette von Dienstleistungen anbietet. Zum Beispiel bietet Crypto Code eine breite Palette von Dienstleistungen, darunter den Kauf und Verkauf von Kryptowährungen, den Handel mit Aktien und den Handel mit Devisen.

Was sind Kryptowährungsbörsen?

Kryptowährungsbörsen sind Online-Plattformen, auf denen Menschen Kryptowährungen kaufen oder verkaufen können. Viele verschiedene Kryptowährungen können auf solchen Plattformen gehandelt werden, einschließlich Bitcoin, Ethereum, Litecoin und vielen anderen. Kryptowährungsbörsen ermöglichen es den Benutzern, Käufe und Verkäufe zu tätigen, indem sie Kryptowährungen mit anderen Währungen wie dem US-Dollar oder dem Euro kaufen oder verkaufen. Einige Börsen bieten auch einen einfachen Weg, um Kryptowährungen direkt an andere Benutzer zu versenden, ohne dass eine andere Währung benötigt wird.

Wie funktioniert eine Kryptowährungsbörse?

Kryptowährungsbörsen sind Online-Plattformen, die es den Benutzern ermöglichen, Kryptowährungen zu kaufen oder zu verkaufen. Wenn ein Benutzer eine Kryptowährung kaufen möchte, sucht er nach dem besten Preis auf der Börse. Sobald er einen Preis gefunden hat, der ihm zusagt, kann er die Kryptowährung kaufen. Der Kauf wird dann durch das dezentrale Ledger verifiziert, das alle Transaktionen aufzeichnet. Wenn der Benutzer die Kryptowährung verkaufen möchte, kann er den besten Preis auf der Börse suchen und dann den Verkauf durchführen. Der Verkauf wird dann durch das dezentrale Ledger verifiziert.

Welche Arten von Kryptowährungsbörsen gibt es?

Es gibt verschiedene Arten von Kryptowährungsbörsen. Einige Börsen sind direkt an staatliche Währungen gebunden, während andere nicht an eine bestimmte Währung gebunden sind. Einige Börsen bieten auch einen Peer-to-Peer-Service an, bei dem Benutzer direkt Kryptowährungen an andere Benutzer senden können. Einige Börsen sind auch an eine bestimmte Kryptowährung gebunden, während andere mehrere Kryptowährungen handeln. Einige der bekanntesten Kryptowährungsbörsen sind Coinbase, Bitstamp, Kraken und Crypto Code.

Welche Vor- und Nachteile haben Kryptowährungsbörsen?

Kryptowährungsbörsen haben sowohl Vor- als auch Nachteile. Ein Vorteil ist, dass sie eine einfache und sichere Möglichkeit bieten, in Kryptowährungen zu investieren. Ein weiterer Vorteil ist, dass sie eine schnelle und einfache Möglichkeit bieten, Kryptowährungen direkt an andere Benutzer zu verschicken. Ein Nachteil ist, dass sie anfällig für Hacks und andere Arten von Cyberkriminalität sind. Daher ist es wichtig, dass Benutzer sicherheitsbewusst vorgehen und die Maßnahmen der Börse befolgen.

Sicherheitsmaßnahmen bei Kryptowährungsbörsen

Benutzer sollten immer auf die Sicherheitsmaßnahmen der Börse achten, bevor sie beginnen, in Kryptowährungen zu investieren. Einige Börsen erfordern, dass Benutzer ihre Identität verifizieren, bevor sie handeln können. Andere Börsen bieten auch zusätzliche Sicherheitsmaßnahmen, wie zum Beispiel zwei-Faktor-Authentifizierung, die dazu beitragen, das Risiko von Hacks zu verringern. Es ist wichtig, dass Benutzer alle Sicherheitsmaßnahmen der Börse befolgen, um sicherzustellen, dass ihre Daten und ihre Investitionen sicher sind.

Fazit

Kryptowährungsbörsen sind eine bequeme und sichere Möglichkeit, in Kryptowährungen zu investieren. Benutzer müssen jedoch sicherstellen, dass sie die richtige Börse wählen, bevor sie beginnen, in Kryptowährungen zu investieren. Sie sollten auch auf die Sicherheitsmaßnahmen der Börse achten, um sicherzustellen, dass ihre Daten und Investitionen geschützt sind. Ein Beispiel für eine vertrauenswürdige Börse ist Crypto Code, die eine breite Palette von Dienstleistungen anbietet, darunter den Kauf und Verkauf von Kryptowährungen, den Handel mit Aktien und den Handel mit Devisen.

Sam Bankman-Fried Battling Over $450M in Robinhood Shares

– Sam Bankman-Fried, the founder of FTX, is fighting to keep control of $450 million in Robinhood shares.
– The legal battle over the Robinhood shares is complex and involves multiple parties including FTX and the U.S. Department of Justice.
– Bankman-Fried has opposed FTX’s claim, arguing that he and Wang legitimately purchased the shares using money borrowed from FTX’s trading arm, Alameda Research.

Sam Bankman-Fried, the founder of crypto exchange FTX, is currently engaged in a legal battle over $450 million in Robinhood shares. The shares are currently held by Bankman-Fried and co-founder Gary Wang through an Emergent Fidelity Technologies holding company. However, FTX, the bankrupt crypto exchange founded by Bankman-Fried, is disputing this claim and has argued that the shares should be frozen until they can be divided among FTX creditors.

The US Department of Justice has also announced that it is seizing the shares as part of proceedings against Bankman-Fried, who plead not guilty to multiple charges. Bankman-Fried has opposed FTX’s claim, arguing that he and Wang legitimately purchased the shares using money borrowed from FTX’s trading arm, Alameda Research. FTX made a filing to the Delaware bankruptcy court on Dec.22, stating that the shares in question were only nominally held by Emergent Fidelity and should therefore be frozen. This claim was supported by the individuals responsible for liquidating the company in the Bahamas.

Bankman-Fried’s lawyers stated that the loan was documented and that it was improper for FTX to assume that everything Bankman-Fried had ever touched was presumptively fraudulent. BlockFi, a bankrupt crypto lender, also made a separate filing opposing the attempt to take control of the shares. The legal battle is ongoing and it is unclear at this time how it will be resolved.

In addition to the legal proceedings, Bankman-Fried has also been involved in a public relations battle in order to maintain control of the shares. He has argued that the shares were purchased legitimately and that the money was properly documented. Bankman-Fried has also stated that he plans to use the funds to continue to build upon FTX’s success.

The future of the $450 million in Robinhood shares is uncertain at this point, but whatever the outcome, it is sure to have a major impact on the crypto industry. It remains to be seen whether Bankman-Fried will be able to maintain control of the shares or if they will be seized by the U.S. Department of Justice or FTX.

VP of Bithumb’s Vident Found Dead in Seoul in Possible Suicide

• A vice president of Vident, a division of the virtual currency exchange Bithumb, was discovered dead at his residence in Dongjak-gu, Seoul, South Korea.
• South Korean investigators are looking into the management of Bithumb for alleged fraud and stock price manipulation.
• Suspicions have been raised about the Kang siblings, who are accused of amassing illegal gains by manipulating stock prices and selling convertible bonds.

Today, a tragedy has occurred in Seoul, South Korea, as the vice president of Vident, a division of the virtual currency exchange Bithumb, was discovered dead at his residence in Dongjak-gu. The individual, who has been identified as Mr. Park Mo, was a major shareholder of Bithumb. As the cause of death is currently unknown, authorities are conducting an investigation to determine the circumstances surrounding the incident.

The police have stated that the death is being treated as a suicide, and optometric and CCTV analysis at the scene have indicated that there is no other possibility at this time. This news comes as South Korean investigators are looking into the management of Bithumb for alleged fraud and stock price manipulation.

Suspicions have been raised about the Kang siblings, who are accused of amassing illegal gains by manipulating stock prices and selling convertible bonds, as well as establishing slush funds by extorting millions of dollars from firms founded under borrowed names. Some have proposed that Park’s decision was influenced by the fact that the Kang siblings deflected all responsibility for theft and stock price manipulation to others.

At this time, Bithumb has not released a statement on the matter and the investigation is ongoing. Further details regarding the case will be provided as they become available. Our thoughts and condolences go out to Park’s family and friends in this difficult time.

ARK Invest Doubles Down on Coinbase, Instilling Hope in Crypto Market

• Cathie Wood’s ARK Invest has added 158,000 shares of Coinbase (COIN) worth $5 million to its ARK Fintech Innovation Exchange-Traded Fund (ETF).
• The entire cryptoverse has been negatively impacted this year, with Bitcoin prices dropping more than 70% since reaching an all-time high in late 2021.
• Coinbase has been heavily impacted, delisting several tokens due to low trading activity.

Cathie Wood’s ARK Invest has taken the crypto world by storm, announcing the addition of 158,000 shares of Coinbase (COIN) worth $5 million to its ARK Fintech Innovation Exchange-Traded Fund (ETF). This is a significant increase in their COIN holdings, which comprised 3.39 percent of their portfolio as of Dec. 13, despite the exchange’s share price crashing by 86 percent this year. The entire cryptoverse has had a rough year, with Bitcoin (BTC) prices dropping more than 70 percent since reaching an all-time high of nearly $70k in late 2021. Altcoins and other crypto-focused businesses have seen a similar downward spiral, with many of them experiencing a bear market.

Dark events such as Do Kwon’s Terra collapse and Sam Bankman-Fried’s FTX debacle have only added to the woes of the crypto world. Coinbase, which has already delisted several tokens, including bitcoin cash (BCH), XRP, and stellar (XLM), citing low trading activity, has also been heavily impacted. Despite the bear pressure, ARK Invest seems to be doubling down on COIN, purchasing $3.2 million worth of the stock a few weeks ago.

Nassim Taleb, a Lebanese-American economist and author, believes that the bear market could have been fairer if not for these dark events, and that the crypto world is showing signs of a comeback. While not everyone agrees with Taleb, many are hoping that the crypto world will bounce back after the rough year it has had.

Coinbase has been a leader in the crypto world, providing a secure platform for traders to buy and sell cryptocurrencies. It has also been a major influencer in the crypto space, with its stock becoming a favorite among institutional investors. With ARK Invest doubling down on COIN, many are optimistic that Coinbase will be able to weather the bear market and come out stronger on the other side.