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Tag: Monumental

5 Shocking Steps the Market Took to Rebound from a Monumental Plunge

5 Shocking Steps the Market Took to Rebound from a Monumental Plunge

The crypto industry embarked on a turbulent week, observing a significant downturn on Monday as the market shed billions of dollars Yet, as Tuesday unfolds, there's a glimmer of hope with signs pointing towards market stabilisation Leading cryptocurrencies such as bitcoin, Solana, and Cardano have seen encouraging movements in the past day, while ethereum, BNB, and Dogecoin demonstrate resilience amidst ongoing bearish sentiments Remarkably, the Fear & Greed Index currently stands at 49, illustrating a cautious approach from traders eyeing investment opportunities This article delves into the current state of the crypto market, providing a succinct overview of daily updates and insights into the latest trends...

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WazirX Faces a $230M Blow: Navigating the Aftermath of a Monumental Crypto Heist

WazirX Faces a $230M Blow: Navigating the Aftermath of a Monumental Crypto Heist

In the digital realm, where financial transactions are ubiquitously conducted electronically, the security of these processes cannot be understated Recently, the cryptocurrency world was rocked by a staggering security breach involving WazirX, a prevalent trading platform The theft exceeded $230 million (₹2000 Cr), marking a moment of apprehension and uncertainty within the digital currency community This incident serves as a stark reminder of the vulnerabilities inherent in digital financial systems and underscores the need for stringent cybersecurity measures Official Response to the WazirX Cyber Attack After enduring 20 days fraught with uncertainty following the cyber attack on WazirX's multisig wallet, the platform has taken a formal step towards resolution by filing a police complaint...

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