Category: Cryptocurrency

Cryptocurrency is digital money that works online. It lets people send and receive payments directly without banks. It runs on secure networks called blockchains, making it fast and global.

WazirX Token (WRX) Nosedives 90% in Just 10 Days

Summary: It’s been a brutal 10 days for WazirX Token (WRX), with its value tanking over 90%. As of December 25, WRX barely clung to a support level at $0.0144, leaving everyone wondering: is it game over, or can it pull off a comeback?

WRX Attempts a Comeback

Currently priced at $0.01873, WRX is trying to catch its breath, showing a glimmer of hope with a 53.46% bounce in the last 24 hours. But don’t get too excited it’s still a jaw-dropping 88.08% down for the week. Basically, WRX is like that friend who finally texted back after ghosting you for days.

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Binance Drops the Bomb

The chaos began on December 18 when Binance dropped the mic, announcing it would delist WRX. The market freaked out, and WRX crashed 40% in just an hour. Imagine the panic—wallets crying, group chats exploding, and investors in full “what just happened” mode.

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Will WRX Find Its Mojo?

Right now, WRX is like a boxer trying to stand up after a knockout punch. The big question: can it rally and rebuild trust, or is this just the start of a bigger meltdown? For now, all eyes are on WRX, waiting to see if it’ll bounce back or become another cautionary crypto tale.

India’s Finance Ministry Explores DeFi’s Impact

Summary: India’s Finance Ministry has shown great interes into the world of evergreen and growing Decentralized Finance(DeFi) hyped for its innovation but cautious of its chaos. Minister of State for Finance, Pankaj Chaudhary, spilled the tea on how DeFi could shake things up, urging for a chill-but-watchful regulatory vibe.

DeFi: The New Kid on the (Virtual) Block

DeFi’s like the cool, rebellious cousin of traditional finance no middlemen, no red tape. But with great freedom comes great risks. India’s Ministry of Finance sees the potential but isn’t blind to the drama. They’re teaming up with global brainiacs like the IMF and FSB to figure out how to keep the DeFi party lit without crashing the economy.

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Chaos in Crypto Land

The Ministry is all about “stablecoins first, vibes later.” DeFi’s unregulated and decentralized nature can be a black hole for scams and financial meltdowns. Even the Reserve Bank of India has been side-eyeing crypto for its economic and legal risks. It’s basically telling everyone, “Don’t YOLO your life savings into this.”

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Balancing Act: Fun Meets Safe

Minister Chaudhary is playing referee encouraging innovation while throwing a penalty flag at risks. India’s working on rules that let DeFi stay fresh but keep users safe. Plus, they’re planning to up everyone’s financial literacy game, so people know how to handle their crypto without getting wrecked.

Fartcoin Soars 50% in a Day, Reaching $1.11 Milestone

Fartcoin has surged 50% in 24 hours, reaching $1.13 and attracting massive trading volume, with Binance offering 75x leverage, sparking interest despite the risks of meme coins.

Fartcoin’s back and bigger than ever! In the last 24 hours, the meme coin shot up 50%, hitting a high of $1.13 before settling at $1.10. With over $220 million in trading volume, it’s clear that Fartcoin’s got some serious hype going on.

The token’s market cap is now above $1 billion, and crypto traders are all over it. What’s making it even more awesome is that Binance has jumped in, adding it to its perpetual markets with a crazy 75x leverage. This is drawing in both retail traders looking for quick gains and institutional investors looking to take bigger risks.

It’s not just centralized exchanges that are buzzing. Fartcoin’s also making a splash on decentralized exchanges, with 26% of its trading volume still coming from Raydium and 23% from Meteora.

Critics are warning about the wild volatility and risk of meme coins, but Fartcoin’s massive trading volume and growing adoption across different platforms show it’s not slowing down anytime soon. Whether it’s a quick pump or the start of something bigger, Fartcoin’s got all eyes on it—and crypto traders are definitely paying attention. Stay tuned for the next move!

Also Read: Russia Hits Pause on Crypto Mining in 10 Regions

WazirX Token (WRX) Plummets 90% in Just 10 Days

WRX tanked 90% in 10 days, hitting $0.0144 after Binance announced its delisting on Dec 18, causing a 40% drop in just an hour. It’s bouncing back slightly, up 53% in 24 hours, but still down 88% for the week. WazirX now faces serious challenges in a shaky market.

WazirX’s WRX token is having a rough time, crashing 90% in just 10 days. On December 25, it hit a critical low of $0.0144, leaving investors wondering if it could make a comeback. While WRX has seen a slight rebound, jumping 53.46% in the last 24 hours to $0.01873, it’s still down a staggering 88.08% for the week.

The chaos started on 18th of this month when Binance dropped the bombshell news of delisting WRX. Within an hour, the token nosedived 40% which came as a surprise to the WazirX community and left many scrambling. The delisting was yet another hit for WazirX, which has been struggling to maintain stability in the volatile crypto market.

Now, all eyes are on WRX to see if it can recover or if it’s heading for deeper losses. The Indian crypto exchange is facing a tough battle, trying to regain investor confidence while navigating a shaky market.

Currently the token’s fate hangs in the balance, and its ability to stabilize will determine if this is a temporary setback or the beginning of the end for WRX. Investors are keeping their fingers crossed for a turnaround.

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Russia Leverages Bitcoin for Trade Amid Western Sanctions

Russia’s flipping sanctions with Bitcoin, using its mining power for global trade while calling out the U.S. dollar’s politics and doubling down on crypto despite local mining bans.

Russia’s taking a bold leap, using Bitcoin and other cryptos to dodge Western sanctions and keep trade alive. Finance boss Anton Siluanov spilled the tea on TV, saying new laws now let Russia roll with crypto for foreign deals.

The problem? Sanctions shook up trade with major partners like China and Turkey, with banks scared of Western heat. But Russia’s not sweating it—they’re flexing their crypto mining game hard. As one of the world’s top Bitcoin miners, they’re turning mined BTC into international trade currency, with plans to scale up next year.

Siluanov’s hyped about crypto’s potential to flip the script on global payments, and even Putin’s chiming in. He’s calling out the U.S. for using the dollar like a political weapon, which he says is pushing nations toward decentralized options like Bitcoin.

But it’s not all smooth sailing. Russia just banned Bitcoin mining in 10 regions until 2031 to handle energy issues. Still, they’re staying dominant in the crypto space, balancing mining regs with new trade policies. The move’s all about surviving sanctions and finding financial freedom while the West watches closely.

Basically, Russia’s playing a whole new game with Bitcoin, making waves in global trade..

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Argentina Seizes $3.5M in USDT Over Rainbowex Ponzi Drama

Summary:Argentina’s justice system just dropped the hammer on Rainbowex, a Ponzi scheme promising wild returns. Authorities froze $3.5 million in USDT and are chasing down suspects linked to the scam, which reportedly scammed thousands of investors in Buenos Aires.


$3.5M Wallet Freeze: Crypto Justice Goes Hard

Argentina’s Justice Department has swooped in and taken over a Tether (USDT) wallet holding $3.5 million. This is just the tip of the iceberg in a bigger takedown of Rainbowex, a Ponzi scheme promising unreal daily returns of up to 2%. Alongside the USDT, authorities froze multiple wallets and bank accounts tied to the scam, according to iProUp.

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Big brains from Lemon (Argentina’s second-largest crypto exchange), Chainalysis, and Qlue helped trace the shady transactions and connect the dots. Their expert sleuthing gave investigators the crypto receipts they needed to act fast.


Raids, Arrests, and Sky-High Promises

The Rainbowex crackdown has already seen over 15 raids across Argentina, with at least four arrests made so far. The feds aren’t stopping there they’ve called in Interpol to track down key players in Malaysia who allegedly masterminded the scheme.

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Rainbowex pitched insane returns, turning heads with promises of 1-2% daily gains nearly 3,500% annually. The scam reportedly hit tens of thousands in San Pedro, a town of 70,000. Locals now face financial chaos, while authorities race to clean up the mess.

MicroStrategy Bags 3,177 BTC, Boosts Yield by 0.72%

Summary: MicroStrategy isn’t showing any sign of stopping as it just added another 3,177 BTC to the mixture of already vast BTC reserve that it has. CEO and Bitcoin maxi Michael Saylor shared the win on Twitter, revealing a 0.72% yield boost that directly ups the company’s holdings. With Bitcoin chilling at $94,000, this haul adds a massive $299 million to the books, leaving shareholders grinning ear to ear.

Saylor’s Big BTC Play

Michael Saylor and his squad at MicroStrategy aren’t just holding Bitcoin; they’re making it work for them. This week, their financial wizardry netted a 0.72% yield measured in BTC. TL;DR: they turned their Bitcoin stash into even more Bitcoin. That’s 3,177 BTC added to their collection worth a cool $299M at today’s prices. Saylor called it “treasury ops,” but let’s be real, it’s straight-up Bitcoin alchemy.

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Stacking Sats Like Pros

MicroStrategy’s Bitcoin obsession is long-term, with a whopping 439,000 BTC in the vault, their stash has surged the company’s stock by over 400% in 2024. No wonder they scored a spot on the Nasdaq-100 Index.

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Russia Hits Pause on Crypto Mining in 10 Regions

Summary: Russia just now dropped a bombshell of a news and potentially a bad one for all crypto miners, announcing a ban on mining in 10 regions starting January 2025, lasting until March 2031. The move, aimed at tackling winter energy shortages, has left miners and the crypto community shook. While the government claims it’s about “fair energy use,” the ban feels like a curveball, especially after crypto mining was legalized just months ago.

Crypto Mining Gets Ghosted

Russia’s basically pulling the plug on crypto mining in spots like Dagestan, Chechnya, and North Ossetia for the next six years. Yep, six whole years. This isn’t just a quick timeout it’s a full-on freeze. The government says it’s about saving energy during harsh winters, but for miners, it feels like getting dumped over text after being told “everything’s fine.”

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Energy Wars: Who’s Paying the Bills?

Here’s the tea: regions like the North Caucasus have dirt-cheap electricity, but central Russia ends up footing the bill. Vladimir Klimanov, an energy policy guru, says the ban is about leveling the playing field. Still, miners are stuck wondering if they’re the scapegoats in this energy drama.

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Crypto Miners Left Hanging

The ban comes at the worst time, with crypto mining buzzing in Russia. Now, miners are either packing up or bracing for six years of tumbleweeds. While the government calls this a “temporary” move, six years feels anything but. For now, Russia’s crypto scene is left on read.

North Korean Hackers Lose $458K in Failed ETH Trade

North Korean hackers lost nearly $458K in just 48 hours while trading on Hyperliquid, betting on Ethereum’s price rise. They deposited $476K but got wiped out when ETH dropped. This big loss shows how risky crypto can be, even for experienced hackers, and highlights DeFi’s potential for shady trades.



North Korea’s cyber group just got burned big time—losing almost half a million dollars on a risky Ethereum (ETH) trade. They deposited $476,489 on Hyperliquid, a decentralized exchange, betting ETH would rise when it was priced at $3,791.8. But the market flipped, and ETH dropped to $3,251.8, causing their position to get liquidated, leaving them with only $18,187.

This loss highlights the risky side of crypto, even for skilled hackers like North Korea’s Lazarus group, famous for cyberattacks and stealing funds from crypto platforms. Normally, they use these stolen funds to get around international sanctions, but this time, their bet backfired hard.

Hyperliquid, which allows ultra-fast and anonymous trades, is a decentralized exchange, and its involvement raises concerns about how DeFi platforms handle large and potentially suspicious trades. With platforms like these growing, there’s an increasing risk of illegal activities, like money laundering, slipping through the cracks.

Despite the loss, ETH is showing signs of recovery, and it’s a reminder that crypto trading is unpredictable, with both huge rewards and massive risks—even for hackers with years of experience. Let’s see if they learn from this, or go even harder next time.

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PENGU Token Skyrockets 562% in a Week, Reaches $0.033 Milestone

PENGU token is popping off, skyrocketing 562% in a week to hit $0.0331! With Bithumb listing it and a $2B market cap, the hype is real. Plus, Bithumb’s doing an airdrop of 88M tokens for PENGU traders. Solana blockchain only, so get your wallets ready!

PENGU token is making major waves in the crypto scene. It jumped a jaw-dropping 562% in a week which has now made it to $0.0331. Over the last 24 hours, it’s up another 18%, and everyone’s talking about it. With a $2B market cap and trading volume soaring 113% to $777.36M, PENGU is on fire.

What’s behind the hype? South Korea’s top crypto exchange, Bithumb, just listed PENGU in its KRW market on December this year. Starting at 43.89 Korean won, the listing is already driving massive interest. But here’s the catch—trades and transfers are only available via the Solana network.

Wait, there’s more! Bithumb is also dropping an epic airdrop. If you trade PENGU on their platform by Dec. 25 (11:59 PM KST), you’re eligible to score a share of 88,888,888 tokens on Jan. 9, 2024. It’s a move that’s got traders buzzing.

PENGU’s meteoric rise is proof that the community’s confidence and some major exchange love can take a token to the moon. If you’re into Solana and looking for a hot new token, PENGU might just be your next move. Don’t sleep on it!

Also Read: Hyperliquid Hit by $250M Outflow Amid North Korea Hacking Allegations

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