WazirX has been trying to resume services on its platform as it continues to investigate the recent hack of one of its wallets under Liminal Custody’s oversight leading to a loss of $230 million (roughly Rs. 1,900 crore). Over the weekend, the exchange published details on a ‘socialised loss strategy’ that it has hatched to … Read more
Crypto traders in Nigeria have reportedly urged the government to take a measured approach in tackling regulatory issues with crypto firms like Binance. As part of their suggestions to the Nigerian authorities, crypto investors in the country have asked the government to follow India’s approach. In recent months, Binance’s business in Nigeria came to a … Read more
Apple issued a statement on Wednesday highlighting the company’s commitment to protecting user data processed by Siri. The statement came just days after the Cupertino-based tech giant agreed to settle a proposed class action lawsuit that claimed that Apple recorded private conversations with the voice assistant and sold them to third parties such as advertisers. … Read more
The US Federal Deposit Insurance Corporation (FDIC) on Wednesday released several documents related to the supervision of crypto related activities in the country. Acting FDIC chairman Travis Hill announced that the agency will review its previous approach towards US banks seeking to offer crypto services. Established in 1933, the FDIC regulates US financial institutions and … Read more
Intel has started evaluating a handful of outsiders, including former board member Lip-Bu Tan, for the role of chief executive after the struggling American chipmaking icon ousted company veteran Pat Gelsinger, according to people familiar with the matter. Tan, a well-respected semiconductor industry veteran who has long been seen as a contender for CEO at … Read more