Tag: web3

Hackers Exploit Watcher.Guru’s About 2.9M Followers to Spread Lies

Hackers Promote XRP by Breaching Watcher Guru’s Socials

On March 21, Watcher Guru’s X account was hacked, leading to the spread of misleading information about XRP and its alleged partnership with SWIFT for cross-border payments. The hacker claimed that XRP would be integrated into SWIFT’s system, with billions of XRP locked in escrow and liquidity growing.

The platform quickly issued a warning, confirming that the post was fraudulent and removed it immediately. They reassured followers that their two-factor authentication (2FA) was enabled, but despite these security measures, the hack was successful.

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image 25 Bitmala

Watcher Guru’s breach raised questions about broader security risks in the crypto space, as even with 2FA and no apparent linked apps, the account was compromised. Furthermore, their automatic reposting setup, designed to share breaking news across platforms like Telegram and Facebook, inadvertently amplified the hacker’s message before it was deleted.

The incident happened at 2:05 AM UTC, and while Watcher Guru took swift action to secure their accounts, there are lingering concerns about the nature of the hack. Interestingly, on the same day, SWIFT made a major announcement about enhancing crypto payments, leading some to speculate whether Watcher Guru had accidentally leaked inside information.

India’s Crypto Rebirth:5 New Staggering Opportunities

India’s Crypto Comeback, as Government Signals Policy Shift

India is reconsidering its crypto stance, prompting global service providers to re-enter the market.

Initially, the Indian government planned to release a consultation paper on crypto regulations after its G20 presidency in 2023. However, Ajay Seth, Secretary of India’s Department of Economic Affairs, recently stated that the framework must be recalibrated due to evolving global trends.

#BudgetRoundtable2025 | Ajay Seth: Crypto Discussion Paper To Be Released In Next Couple Of Months

Since 2022, India’s strict tax regime—30% on crypto income and 1% tax deducted at source—has deterred traders and led to a decline in trading volumes. Platforms like WazirX saw a 90% business drop, prompting relocation to Dubai.

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However, with policy shifts on the horizon, major exchanges are re-entering India. Coinbase registered with India’s Financial Intelligence Unit on March 11, following Binance, Bybit, and KuCoin.

This recalibration aligns with a global trend of pro-crypto regulation. In February, Hong Kong introduced stablecoin regulations and approved crypto ETFs. In March, Australia launched new digital asset governance and licensing rules.

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India’s crypto ecosystem is evolving stance may soon make it a key player in the global crypto market.

Strategy Raises $711M For an amazing Staggering BTC Move

Strategy Upsizes Stock Offering to $711M, Plans Bitcoin Buys

Strategy, has raised $711.2 million through an upsized preferred stock offering, significantly surpassing its initial $500 million target due to strong investor demand.

Strategy's CEO Michael Saylor

The company issued 8.5 million shares of 10.00% Series A Perpetual Strife Preferred Stock at $85 per share, with the sale expected to close on March 25. Net proceeds, after underwriting fees, total $711.2 million, with a substantial portion allocated for Bitcoin acquisitions.

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The preferred shares carry a 10% annual dividend, paid quarterly in cash. If a payment is missed, dividends will compound, increasing by 1% per quarter up to 18% per year. Strategy also retains the right to redeem shares under specific conditions, while holders can demand repurchase in cases of fundamental changes, like shifts in company control.

This marks Saylor’s second major capital raise in weeks. On March 17, the company disclosed a purchase of 130 BTC for $10.7 million using previous stock sale proceeds.

Committed to its Bitcoin treasury strategy since 2020, Strategy continues aggressive BTC accumulation while advancing AI-powered enterprise analytics tools.

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Elon Musk’s X Sues Indian Government Over Free Speech Crackdown

Elon Musk’s X has filed a legal petition against the Indian government, challenging its use of Section 79(3)(b) to censor online content. The company argues this bypasses legal safeguards for free speech.

X Sues Indian Government Over Free Speech Censorship

Elon Musk’s social media company, X sues Indian government and has taken legal action against the Indian government, filing a petition in the Karnataka High Court. X argues that India’s use of Section 79(3)(b) of the Income Tax Act and the “Sahyog Portal” has turned into an unchecked tool for censoring online speech, bypassing established legal safeguards.

Under Section 79(3)(b) of India’s IT Act, social media platforms can lose their legal immunity if they fail to remove content flagged as “unlawful” by the government. However, X contends that authorities are misusing this section to issue takedown orders that do not align with the procedural safeguards of Section 69A.

X Sues Indian Government

Legal Argument Against India’s Censorship

X Corp’s petition emphasizes that the Supreme Court, in its 2015 ruling in Shreya Singhal v. Union of India, declared Section 69A as the only valid legal framework for blocking online content. This section mandates transparency, requiring written reasons for content removal, a pre-decisional hearing, and the opportunity for legal challenge.

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By invoking Section 79(3)(b) instead, the government is effectively bypassing these safeguards. The petition states:

“The law mandates that information blocking can only be carried out under Section 69A, which provides for judicial scrutiny. By using Section 79(3)(b) as an alternative mechanism, the government is effectively nullifying the Supreme Court’s directives.”

Public Reaction and Past Disputes

X sues Indian government and this legal challenge has sparked debate online. Indian journalist Chandra R. Srikanth posted about the case on X, prompting reactions from users. Some speculated that Musk’s fact-checking AI, Grok, could play a role in exposing the Indian government’s actions. Others called for Grok to verify the legal claims.

This isn’t the first time X has opposed India’s content moderation rules. In 2022, the company also challenged Section 69A orders, criticizing the government for blocking entire accounts instead of individual posts.

With Musk’s growing influence in global tech and free speech advocacy, this legal battle could set a precedent for online freedom in India and beyond.

Breaking News: Trump Becomes 1st US President to Speak at Crypto Event

President Donald Trump addressed the Blockworks Digital Asset Summit, marking the first time a sitting US president has spoken at a crypto event. His remarks reaffirmed support for stablecoins and a pro-crypto regulatory shift.

Trump Becomes First US President to Address a Crypto Conference

President Donald Trump has made history by becoming the first sitting US president to speak at a crypto conference. In a pre-recorded message at the Blockworks Digital Asset Summit on March 20, he pledged support for the industry, stating his administration aims to make the US the “crypto capital of the world.”

Trump in crypto conference

Trump praised recent regulatory shifts and emphasized the role of digital assets in enhancing the banking system, privacy, security, and economic growth. He also highlighted the importance of stablecoins, stating they would help maintain the dominance of the US dollar globally.

His administration has taken multiple pro-crypto steps, including signing executive orders to establish a Bitcoin strategic reserve and commission the Working Group on Digital Assets.

Mixed Reactions to White House Crypto Summit

Earlier this month, Trump also hosted the first-ever White House Crypto Summit on March 7, where industry leaders discussed the future of crypto regulation. Treasury Secretary Scott Bessent emphasized the need for stablecoin regulation, positioning them as key to preserving the dollar’s global reserve status.

At the Blockworks event, Bo Hines, executive director of the Council of Advisers on Digital Assets, revealed that a stablecoin bill could reach Trump’s desk within two months.

Despite the historic nature of these developments, reactions have been mixed. Institutional investors saw them as a positive step, while retail investors and Bitcoin advocates were less enthusiastic. Bitcoin maximalist Justin Bechler criticized the summit as a platform for “rent-seeking lobbyists pushing surveillance tokens.”

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Following these events, Bitcoin’s price dropped by 7.3%, reflecting uncertainty around government involvement in the industry.

North Korean Hackers at It Again Shifts $3.76M in BTC: Exposed

Lazarus (North Korean Hackers) Moves $3.76M in Bitcoin Across Five Wallets

Lazarus( North Korean Hackers) has transferred $3.76 million worth of Bitcoin to five unknown wallets, raising concerns over potential laundering efforts.

North Korean Hackers

On-chain data from Arkham Intelligence shows that the group’s Bitcoin holdings have now dropped to 13,441 BTC, valued at approximately $1.15 billion. On March 20, at around 9:18 AM UTC, a wallet associated with Lazarus sent 12.929 BTC ($1.12 million) to an unknown recipient. Over the next three hours, additional transactions included 14.849 BTC, 15.684 BTC, and two smaller transfers of 0.308 BTC each, totaling more than 44.07 BTC. Furthermore you can also check transaction details on here.

The movement of funds suggests an attempt to obscure the trail, a common tactic among hackers looking to evade tracking.

Bybit CEO Ben Zhou previously stated that 88.87% of the funds stolen in the recent Bybit hack are still traceable. According to him, Lazarus has converted around $1.23 billion into 12,836 BTC, spreading it across 9,117 wallets. Zhou also noted that the hackers are likely using Bitcoin mixers to further complicate tracking efforts.

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Despite the focus on Bitcoin, Lazarus (North Korean Hackers) still holds significant assets in other cryptocurrencies. Their Arkham-labeled wallet contains 13,658 ETH (valued at $27 million), $3.17 million in BNB, and smaller holdings in DAI, Baby Doge Coin, and various stablecoins.

Lazarus has been conducting cyberattacks since at least 2009, with its latest heist being the massive $1.4 billion Bybit hack—one of the largest crypto thefts ever recorded.

Trump Administration’s 1st Bold Move to Acquire Bitcoin as a Strategic Asset

In a bold push toward government-backed Bitcoin accumulation, Bo Hines, Executive Director on Digital Assets for President Trump, has revealed that the administration aims to significantly increase U.S. Bitcoin reserves.

Bo Hines: Trump Admin

Trump’s Vision: Expanding U.S. Bitcoin Reserves for Future Financial Security

Speaking at the Digital Assets Summit in New York on March 18, Hines emphasized that the U.S. government should actively acquire Bitcoin, much like traditional reserves of gold.

“I believe it’s high time that our President starts acquiring assets for the American people, which is exactly what President Trump is doing – accumulating wealth rather than depleting it,” Hines declared.

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When asked about the scale of Bitcoin accumulation, Hines compared it to gold, stating, “When people ask me, ‘How much Bitcoin do you want to acquire?’ I tell them – it’s like asking a nation, ‘How much gold do you want to have?’ The answer is as much as possible.”

Hines also revealed that Trump’s first-ever White House Digital Assets Summit focused on strategies for acquiring Bitcoin in a budget-neutral manner.

The comments signal a major shift in how the U.S. government approaches cryptocurrency. Traditionally, Bitcoin has been viewed with skepticism by regulators, but under Trump’s administration, it could become a key strategic asset.

As more nations explore digital currency reserves, a U.S. push into Bitcoin could accelerate global adoption and reshape financial policies. If implemented, this approach would position the United States as a leader in the evolving digital economy.

With this aggressive stance, the Trump administration is signaling that Bitcoin is no longer just a speculative asset—it’s becoming a foundational piece of U.S. financial strategy.

TRX on Solana: 5 Key Benefits That Could Boost Crypto Liquidity

TRX on Solana: A New Era for Cross-Chain Crypto Transactions and DeFi

Justin Sun, the founder of Tron, has announced that TRX will soon be available on the Solana (SOL) network, sparking excitement in the crypto community.

TRX

In a post on X (formerly Twitter), Sun teased the integration but didn’t reveal specifics on how it will work. This move could simplify cross-chain transactions, leveraging Solana’s fast and low-cost network to enhance liquidity, boost trading, and foster collaboration with trending memecoins. It may also enter Solana’s growing DeFi ecosystem.

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While TRON has seen a rise in active addresses and a 5% price increase for TRX, questions remain about the launch process, including whether TRX will be wrapped or bridged. There are concerns about potential imposter tokens before the real launch. Solana has also been in the news recently for a controversial ad on gender issues, which was quickly pulled after criticism.

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Xapo Bank Launches $1M Bitcoin-Backed Loans to Boost Liquidity

Xapo Bank has launched a new Bitcoin-backed credit line, offering eligible customers up to $1 million in U.S. dollar loans using their BTC as collateral. Borrowers can access up to 40 percent of their Bitcoin’s value and have up to a year to repay, depending on the loan size.

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The Gibraltar-based bank aims to reduce Bitcoin sell pressure by giving holders an alternative to liquidating their assets during market uncertainty. Unlike past crypto lenders like BlockFi and Celsius, which collapsed due to financial mismanagement, Xapo Bank operates as a fully licensed institution with a traditional banking structure.

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Xapo has been expanding its crypto services, teaming up with Hilbert Group in 2024 to launch a $200 million Bitcoin fund and introducing support for Ethereum and Cardano purchases in 2023. The bank’s latest move reinforces its position as a major player in crypto wealth management.

Binance Wallet Introduces Zero Trading Fees for All Assets

Summary: Users of Binance Wallet can now swap all listed currencies for free, except for network gas fees. The zero-fee promotion lasts from March 17 to August 17 and covers swaps, bridging, and Quick Buy transactions within the wallet.

Binance, the world’s biggest crypto exchange, has launched zero trading fees for all the assets supported by its Binance Wallet. Traders can bridge, exchange, or buy assets without trading fees, although network gas fees will be charged.

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The campaign starts on March 17 at 8:00 UTC and lasts for five months until August 17. Binance clarified that the zero fees only apply to transactions made through the combined swap and bridge feature or Quick Buy on Binance Alpha.Third-party dApps are not covered under the campaign.

It’s to be noted that it is not a waiver of Binance Exchange trading but is especially designed for Binance Wallet customers alone. With Binance setting the pace in the crypto world with billions traded on a daily basis, this move may lead to increased use of its wallet products.

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Binance currently boasts over 264 million users, managing $139.3 billion in user funds, with a 24-hour trading volume of $13.4 billion. The exchange also recently secured a $2 billion investment from Abu Dhabi’s MGX, further solidifying its financial strength.

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