Hong Kong is set to launch Bitcoin Futures Daily (-1x) Inverse Product on the city’s stock exchange this week. Through this, investors will be able to bet on a fall in the cryptocurrency.

WazirX hatched a bounty programme worth $23 million, hoping to recover the stolen funds worth over $230 million (roughly Rs. 1,924 crore) either from third parties, or from the hacker behind the breach.

The overall crypto market valuation rose by 0.91 percent in the last 24 hours. As of Monday, July 22, Bitcoin and Ether both recorded price hikes. The anticipated launch of Ether ETFs and the heightened chances of pro-crypto Donald Trump returning as the US President are fuelling these price hikes for cryptocurrencies. The market, however, remains volatile.

While WazirX’s team started to investigate its wallet breach, Gadgets360 reached out to multiple crypto exchanges to inquire about the status of users on their respective platforms. Given that the WazirX hack has stirred chaos in India’s crypto community, fears about other exchanges seeing many quick withdrawals had arisen among industry insiders.

WazirX was recently hit with a data breach and lost funds worth $230 million (roughly Rs. 1,924 crore) to hackers. Executives from India’s crypto sector have identified reasons to believe that this sophisticated hack attack could have been initiated by North Korean hackers, possibly associated with the notorious Lazarus Group.

The overall crypto market cap slipped by 0.63 percent in the last 24 hours. Both Bitcoin and Ether recorded losses on national and international exchanges. Indian exchanges showed notable price declines next to most cryptocurrencies following the hack of one of WazirX’s multi-signature wallets on Friday, July 19.

WazirX data breach has been acknowledged by the crypto exchange, which is investigating the alleged hack. India’s crypto investors have expressed apprehensions after the WazirX breach, as funds worth $234.9 million (roughly Rs. 1,965 crore) are at stake. In their posts, leaders of Indian crypto exchanges including CoinDCX, Giottus, and CoinSwitch have warned the inv…

June saw a monthly decline of 21.8 percent in trading volumes of digital assets. Several macro-economic factors, including the recent slump in Bitcoin’s price, launch of ETFs, and the selling pressure from Germany’s BTC offloading, have emerged as contributors that lowered trading volumes of cryptocurrencies, as per CCData.

One of WazirX’s multi-signature wallets suffered a security breach on Thursday. In an official statement addressing the incident, WazirX said: “We’re aware that one of our multisig wallets has experienced a security breach. Our team is actively investigating the incident.”

‘Appchains’ are the latest stage that Web3 developers have reached at, as part of their exploration of the technology. Appchains provide a decongested base supporting the seamless functioning of relied apps.