WazirX has pursued court‑supervised restructuring after a $230 million exploit, setting May 13 in Singapore as the decisive date. Approval may unlock payouts within ten business days; rejection risks years of delays, potential liquidation and further pressure on India’s embattled crypto sector.
The post WazirX’s $230M Payout Plan Hinges on May Court Ruling—Liquidation Looms if Rejected appeared first on Cryptonews. …
Category: Cryptocurrencies
Cardano Price Analysis: 50% ADA Price Crash Imminent?
The Cardano (ADA) price was subdued on Monday, trading sideways in the $0.62 area, but is at a key technical crossroads, with the price action in the coming days likely to be crucial for the crypto’s near-term momentum.
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Paul Atkins Sworn in as SEC Chair, Boosting Crypto-Friendly Sentiment
Paul Atkins was sworn in as SEC Chairman on Monday, a move welcomed by the crypto industry following his Senate confirmation.
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CFTC Seeks Public Input on Crypto-Style 24/7 Derivatives Market
The CFTC is seeking public input on 24/7 derivatives trading and perpetual futures, aiming to align traditional markets with crypto’s nonstop model.
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Elon Musk Trolls Crypto Grifters With Viral Poseidon Meme
Elon Musk mocked crypto scammers in a viral meme, tapping into concerns over online fraud and impersonation in the digital asset space.
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Bitcoin Price Breaks $88K—$580M in Buys from Strategy, Metaplanet
Bitcoin climbs to $88.5K as Strategy and Metaplanet buy over $580M in BTC. Fed pressure, weak dollar, and institutional demand fuel bullish momentum.
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Bitcoin’s ‘Falling Wedge’ Pattern Might Not Be Bullish — Here’s the Price Target Bears Are Eyeing
Bitcoin’s breakout above $88K looks strong, but analysts warn the falling wedge may not be bullish. Here’s the bearish target institutions may be eyeing.
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Telegram User Privacy at Risk? CEO Threatens EU Exit Over Encryption Backdoor Push
Telegram CEO Pavel Durov has issued a statement reinforcing the platform’s commitment to Telegram user privacy amid French legislative attempts to mandate backdoor access to encrypted messages. While Telegram updated its terms to share limited metadata with authorities under valid court orders, Durov maintains the company will not compromise encryption.
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WSJ: Circle, BitGo Pursue Elusive U.S. Bank Charters—Only Anchorage Holds One
Circle and bitgo have moved to secure U.S. banking charters, joining peers eyeing trust or industrial bank licenses as Congress has introduced stablecoin legislation. The filings have marked a pivot from crypto’s margins toward long‑term viability inside regulated finance.
The post WSJ: Circle, BitGo Pursue Elusive U.S. Bank Charters—Only Anchorage Holds One appeared first on Cryptonews. …
Crypto‑Friendly Paul Atkins to Take SEC Helm This Week, Industry Braces for Shake‑Up
Paul Atkins has been confirmed as SEC Chair and, sources say, could be sworn in this week after an April Senate vote. Observers note that his reported crypto holdings and prior agency experience may herald a milder enforcement posture toward digital‑asset firms.
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