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India Probes Cryptocurrency Exchange Wazirx in Chinese Money Laundering Case


India’s Directorate of Enforcement (ED) has reportedly sent a notice to Wazirx, one of the largest cryptocurrency exchanges in India, under the Foreign Exchange Management Act, 1999, (FEMA). The investigation was initiated “on the basis of the ongoing money-laundering investigation into...

Major Cryptocurrency Exchanges Explore Entering Indian Crypto Market


Several major global cryptocurrency exchanges are reportedly exploring ways to enter the Indian crypto market. “The Indian market is huge and it is only starting to grow, if there was more policy certainty by now Indian consumers would have been spoilt for choice in terms of exchanges because...

Forked DEX On Binance Chain Tests Uniswap & Legal Limits


Major decentralized exchange Uniswap (UNI) has been put to another test, as the crypto industry is waiting how the platform will react to its copy that has appeared on the Binance Smart Chain (BSC). "Holaswap is 100% fork of Uniswap V3 on BSC that's 100% community owned and governed,"...

Localbitcoins Adds Bitcoin Cash and Other Cryptocurrencies as Payment Methods


Localbitcoins, one of the biggest P2P exchanges in the world, has added Bitcoin Cash and other cryptocurrencies as payment methods to acquire Bitcoin on its platform. This marks a clear departure from the earlier position of the company, which hadn’t added new payment methods and had remained...

Data Shows BSC Dapps Lost $167 Million Last Month From Flash Loan Attacks


Binance Smart Chain (BSC) decentralized applications (dapps) have been hit with a number of flash loan attacks in recent weeks. According to collected data by Rekt, during the last 30 days BSC has lost a total of $167 million from these flash loan exploits. Flash Loan Hackers Prey on Binance Smart...

Farming Privacy Protocol Automata’s ATA Debuts on Binance Launchpool


Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Automata Network has announced the public launch of its ATA token on the world’s largest centralized exchange, Binance. Starting June 2, users can stake...

Defi Economy Is Recovering Faster Than Most Crypto Assets After Market Rout


Decentralized finance (defi) exchanges and tokens are recovering a lot faster than a great number of digital assets that lost more than 40% in value last week. Defi tokens like curve, kyber network, terra, hxro, and more have been seeing double-digit gains. On May 23, the defi economy’s...

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