Gold-backed cryptocurrencies have underperformed this week as their prices have fallen sharply after rising more than 10% so far this year. Gold-backed tokens, including Paxos gold (PAXG) and Tether gold (XAUT), have fallen about 1% over the past week and are trading around $2,900, while the overall cryptocurrency market has rallied. The CoinDesk 20 index...
Utah could become the first state in the US to establish a bitcoin reserve because of its short legislative window and "political momentum". Dennis Porter, CEO of the Satoshi Action Fund, said in an interview with U.S. Senator Cynthia Lummis on February 2 that Utah has a good chance of becoming the first state in the United States to establish a bitcoin reserve because they only have 45 days to make a decision. Dennis Porte said in an interview on January 21: "It's either a success in 45 days or...
Telegram founder Pavel Durov is under investigation in Switzerland over a criminal complaint filed by his significant other Irina Bolgar over allegations of child abuse, according to Forbes. The allegations surfaced after Durov's recent arrest in France and are part of a wider legal dispute, including claims of unpaid child support and a bitter custody battle...
On August 6th, according to the official news of WazirX, due to the cyber attack on its multi-signature wallet, WazirX has reported the case to the police, and the police have opened a case on the matter. The case was filed under the BNS and IT Act at the Lodhi Colony Special Team Police Station in New Delhi on August 5th, 2024, and was handled by the Delhi Police Intelligence Fusion and Strategic Operations Unit (IFSO). WazirX said it has full confidence in the investigation agency and will ful...