WAZIRX INDIA
Bitcoin drops below $75,000 as strong US jobs data and ETF outflows weigh on crypto markets
The price of Bitcoin has recently fallen under $75,000, as strong US job data signals potential tightening of monetary policies. Trading at $74,796, Bitcoin is dealing with considerable strain from ETF outflows and liquidations. Analysts predict that regaining the $76,000 threshold could enhance its prospects. Additionally, Ethereum is under pressure, requiring a rise above $2,230 to gain any positive traction in the current volatile cryptocurrency market.
Bitcoin nears $80,300, Ethereum trades at $2,400 as crypto market rebounds after US midterm volatility
Bitcoin rebounded above $80,000, while Ethereum climbed to $2,417 amid improving market sentiment following US midterm elections. The global crypto market capitalisation rose 2.32% to $2.69 trillion, supported by short liquidations and renewed buying interest.
RBI MPC rate hike: Experts decode what the policy decision means for mutual fund investors
The RBI raised the repo rate by 25 basis points to 5.50%, its first hike in nearly four years. Mutual fund managers favour short-duration, high-quality debt, while cautioning investors on duration, inflation, crude prices, global rates and tightening liquidity.
Bitcoin trades near $86,000 as weaker US jobs data dims October Fed rate hike bets
Bitcoin traded near $86,000 on Monday after weaker US jobs data sharply reduced expectations of an October Fed rate hike. Analysts said the softer macro backdrop, improving institutional demand and ETF inflows could support prices, though elevated Treasury yields and oil above $100 may continue to weigh on risk appetite.
Bitcoin holds near $84,000 as strong ETF inflows support recovery, spot demand moderates
Bitcoin traded near $84,000 as institutional demand, ETF flows and softer US inflation data supported sentiment, while elevated Treasury yields and cautious spot demand limited gains. Analysts highlighted $82,000-$82,500 support and US jobs data as key near-term catalysts.
Bitcoin holds near $84,000, Ethereum steady as crypto market awaits catalyst
Bitcoin and Ethereum remained relatively steady despite a challenging macro backdrop, with elevated US Treasury yields weighing on crypto markets. Experts said Bitcoin’s ability to hold key support levels points to underlying demand, while investors await fresh catalysts from macro data, ETF flows and monetary policy for the next directional move.
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Bitcoin holds near $86,000 as spot Bitcoin ETF inflows hit 11-month high of $999 million
Bitcoin traded near $86,000 after US spot Bitcoin ETFs recorded nearly $999 million in single-day inflows, their strongest in 11 months. Institutional demand and short liquidations supported the rally, while analysts watched $89,000 as a potential trigger toward $100,000.
Bitcoin jumps nearly 5% to cross $85,000 as strong ETF inflows and institutional buying boost crypto momentum
Bitcoin has regained momentum after breaking above key resistance levels, supported by stronger spot ETF inflows, institutional demand and a broader risk-on mood. Analysts expect the rally to face resistance near $89,500, while rising futures open interest and elevated leverage could increase volatility if fresh buying fails to keep pace.
How Fed rate hike can impact Bitcoin and other crypto investors
The Fed’s rate hike could keep pressure on Bitcoin and other cryptocurrencies by raising the appeal of safer assets and limiting cheap funding. ETF outflows, tighter liquidity, inflation risks and potential further hikes may shape investor demand. For Indian investors, currency movements add another layer to Bitcoin’s dollar-price volatility.
Bitcoin falls below $79,000 ahead of US inflation data. Here’s what’s weighing on crypto
Bitcoin fell below $79,000 as strong US employment data revived expectations of tighter Federal Reserve policy. Rising oil prices and US-Iran tensions added inflation concerns ahead of US data, while institutional ETF inflows offered support despite weakening short-term momentum and cautious sentiment.
Bitcoin climbs nearly 4% to $81,000 as ETF inflows, strategy buying support rally
Bitcoin climbed above $81,000, supported by U.S. spot ETF inflows and renewed buying by Strategy, while Ethereum and major altcoins also advanced. Experts remained broadly bullish but flagged stretched momentum, with Bitcoin’s daily and hourly RSI in overbought territory and key resistance around $81,000-$81,500 and $83,300.
WazirX launches AI trading co-pilot to streamline crypto research and execution
Integrated into WazirX's app and website, the tool allows users to ask questions about live crypto prices, market news and macroeconomic developments, receive analysis with supporting charts, review their portfolios and approve trades without switching between charts, news feeds and trading screens, according to a company statement.
ETtech Explainer: WazirX’s return to India after $230 million cyberheist
WazirX was founded in 2018 by Nischal Shetty, Siddharth Menon, and Sameer Mhatre. It quickly took the lead in the Indian crypto market, growing to over 16 million users. Here’s a look at what caused it to shut down operations for more than a year and the measures it has taken to revive itself.
WazirX to resume operations, 15 Months after cyberheist
WazirX is set to resume operations after a 15-month hiatus following a $235 million cyberhack. The Singapore High Court approved a restructuring plan, promising users 85% of their balances by July 18, 2024, with the remainder over three years.
Singapore Court okays WazirX parent's plan for return of frozen assets
Singapore High Court approved WazirX's parent Zettai's restructuring plan, allowing the Indian crypto exchange to resume operations and begin asset redistribution. Following a creditor re-vote, WazirX expects to reopen by late October, prioritizing orderly withdrawals and enhanced security with third-party custodians like BitGo.
Singapore HC axes WazirX restructure plan after $235-million cyber heist
Sources privy to Wednesday's hearing told ET, the Singapore court observed that WazirX-operating entity Zettai Pte Ltd was not registered in India and hence the restructuring Scheme shall not be valid.
Wazirx NFT collectors want its ownership transferred to a DAO
The group, which is frustrated by the sudden closure of the marketplace and has faced multiple technical issues in listing and accessing their NFTs in the months since the WazirX marketplace’s shutdown.
Laid-off WazirX staffers rattled by their crypto ordeal
Layoffs by crypto companies have loomed large amid a market crash and falling prices of cryptocurrencies. Indian employees of other crypto exchanges including Coinbase and Vauld have also been laid off in recent months.
WazirX says ED unfreezes bank accounts; investigation continues
However, the top management or founders of the company refused to comment when approached by ETmarkets.com. They refused to respond to ETMarket's query as the matter remains under investigation.
Binance, WazirX ownership row has crypto users in knots
Meanwhile, Zanmai Labs, which operates WazirX in India, is exploring the legal route amid an ownership dispute with the world’s largest exchange by volume, according to sources.
WazirX founder Nischal Shetty says Binance has “control” over the Indian crypto exchange
Binance had said it had acquired WazirX back in 2019
ED serves FEMA notice to crypto exchange WazirX: MoS Pankaj Chaudhary
Pankaj Chaudhary said that the Directorate of Enforcement is probing alleged money laundering of Rs 2,790 crore through crypto exchange WazirX.
WazirX says it complied with all 1,023 requests from law enforcement in Oct-Mar
A report released by the company on Tuesday said 17,218 accounts were locked during the period, compared to 14,469 in April-September 2021.
Crypto exchange WazirX dodged Rs 40.5 crore in tax, says GST department
Late on Thursday evening, the tax department recovered Rs 49.2 crore from the company – the GST owed plus interest and penalties.
WazirX asked for info on alleged drug dealer on its crypto platform
A spokesperson for WazirX said that it had informed the NCB that the accused had not used its platform.
Narcotics Control Bureau asks WazirX for details of alleged drug dealer
The Narcotics Control Bureau (NCB) arrested Makarand Pardeep Adivirkar, aka Cryptoking, in Mumbai for allegedly using bitcoin to purchase LSD on the dark web. According to NCB, he allegedly used WazirX to deal in the contraband.
WazirX to launch NFT marketplace for India, South Asia
While Ethereum is globally the most popular blockchain for minting non-fungible tokens, WazirX will use its parent company Binance’s blockchain technology for the NFT marketplace.
WazirX catches a cold every time the crypto world sneezes
But WazirX has promised to make amends and is working on launching an upgrade for its cryptocurrency trading engine named Project Raftaar. It remains to be seen, however, how it copes with the next bitcoin price crash.
India’s largest crypto exchange crashes as investors scramble to exit
Users in India took to social media platform Twitter to raise the issue with the company’s official Twitter handle and the exchange’s founder Nischal Shetty.
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