WazirX $230M Crypto Hack Shakes India's Crypto Industry: "Horrifying Situation"

WazirX $230M Crypto Hack Shakes India's Crypto Industry: "Horrifying Situation"   financemagnates.com 23 July 2024 18:17, UTC A recent security breach at WazirX, resulting in a staggering $230 million loss, has sent shockwaves through India’s cryptocurrency ecosystem. This incident has led to intense scrutiny of current security practices and crucial discussions about safeguarding digital assets…

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UAE Central Bank introduces new Stablecoin regulations

UAE Central Bank introduces new Stablecoin regulations   coinjournal.net 23 July 2024 18:18, UTC The UAE Central Bank approved a framework for stablecoin regulation which allows only dirham-backed stablecoins to be used for payments. Cryptocurrency like Bitcoin and Ethereum will be restricted to trading, investment, and corporate treasury purposes while foreign stablecoins will only be…

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