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WazirX CEO Defends Fund Transfers Amidst Accusations of $75M Crypto Movement to Exchanges

WazirX founder Nischal Shetty has responded to allegations that the company transferred $75 million worth of crypto assets to two major exchanges without informing users. The situation arose after the…

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India’s FIU Considers Approving More Offshore Crypto Exchanges

India’s Financial Intelligence Unit is reportedly reviewing four offshore cryptocurrency exchanges for potential approval to resume operations following the lifting of bans on Binance and Kucoin. The focus is on…

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Kucoin to Implement 7.5% VAT on Transaction Fees for Nigerian Users

Nigeria-based KuCoin users will begin being levied a 7.5% value-added tax (VAT) on transaction fees starting on July 8. Some observers believe that Kucoin’s decision to implement this tax is…

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Layerzero’s ZRO Token Listed on Major Exchanges, Boosting Cross-Chain Communication Potential

Layerzero’s native token, ZRO, has been listed on several major cryptocurrency exchanges, marking a significant milestone for the cross-chain communication protocol. Binance, Upbit, Okx, Bybit, Gate.io, Bitget, Kucoin, MEXC, and…

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Meme Coin Madness: This Trending Coin Explodes to New ATH Following Listing on KuCoin

TL;DR One recently-emerged frog-themed meme coin hit a new all-time high of $0.14, with a market capitalization briefly surpassing $1.4 billion. Meme coins are seeing significant interest, pushing the overall…

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Indian Regulator Advocates Multi-Agency Approach for Crypto

The Securities and Exchange Board of India (SEBI) has submitted its recommendations for regulating crypto assets to a government panel. SEBI suggests multiple regulators for different aspects of cryptocurrency trade.…

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India Approves Crypto Exchanges Binance and Kucoin as Registered Virtual Asset Service Providers

Cryptocurrency exchanges Binance and Kucoin have successfully registered with India’s Financial Intelligence Unit as Virtual Asset Service Providers (VASPs), a top official has reportedly confirmed. Both crypto exchanges were previously…

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