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The $44 million hack of Indian crypto exchange CoinDCX has been traced to a compromised laptop belonging to a software engineer at the company, who has been arrested in Bangalore. The Times of India reports that Rahul Agarwal had used his laptop, which had been provided “strictly for office work” to carry out side gigs for “three to four private parties without being aware of their credentials.”  Agarwal suspects that files sent to him as part of this work “could have been a bait,” allowing the hacker to compromise his login credentials which were later used in the heist. An internal investigation found that Rs 15 lakh (approximately $17,000) had been paid to Agarwal “ from an unknown source .” According to police, he’d been in contact with a German number about the work. The hack took place on July 19, and was flagged by online sleuth ZachXBT who pointed out that the theft had taken place “almost 17 hours ago and [CoinDCX] has yet to disclose the incident to ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

UBS’s FX product retreat marks a decisive shift for the Swiss banking giant, and right now, following President Trump’s tariff announcements that actually triggered massive client losses in complex currency derivatives. The world’s second-largest wealth manager has ordered bankers to scale back sales of sophisticated forex instruments after clients suffered hundreds of millions in losses, which represents the most significant UBS‘s FX product retreat we’ve seen in recent memory. UBS orders bankers to scale back sale of complex currency products, FT reports https://t.co/tbs1rhrlN4 https://t.co/tbs1rhrlN4 — Reuters Business (@ReutersBiz) July 29, 2025 UBS FX Product Retreat Tied to Trump’s Forex Market Impact, Risks Source: Wall Street Journal Trump’s tariff proposals in early April actually sparked the Swiss franc’s largest monthly gain since 2015, and this devastated clients who were invested in UBS’s “conditional target redemp...

The shares of Mill City Ventures (MCVT) are surging as the Nasdaq-listed specialty finance firm reveals a new treasury strategy using layer-1 protocol Sui (SUI). In an announcement, Minnesota-based Mill City Ventures says it will raise $450 million in a non-public offering, or private placement, and use most of the funds to establish a Sui cryptocurrency treasury strategy. Crypto treasury companies are publicly traded or private companies that hold digital assets on their balance sheets as part of their treasury reserve strategy. Shares of MCTV closed Thursday at $1.85. Trading began to surge on Friday, when the stock closed at $5.90. On Monday, shares reached a high of $7.99 and are trading for $6.80 at time of writing. The private placement involves selling 83,025,830 shares of common stock at $5.42 per share. London-based Karatage Opportunities, a digital assets-focused hedge fund, led the funding round along with the Sui Foundation. Says Stephen Mackintosh...

Solana co-founder Anatoly Yakovenko denounced meme coins and non-fungible tokens (NFTs) as “digital slop.” “Memecoins and NFTs are digital slop and have no intrinsic value,” Yakovenko wrote on X, likening them to loot boxes in free-to-play mobile games. ”I’ve said this for years.” The comments triggered uproar in the crypto community, with critics highlighting Solana’s reliance on meme coin and NFT activity to drive traffic, fees, and user engagement. Crypto Leaders Debate Intrinsic Value Of Meme Coins And NFTs His post came during a heated debate with Jesse Pollak, creator of the Base layer-2 network, about the assets’ actual worth. Yakovenko argued that meme coins and NFTs only gain value through speculation, while Pollak pushed back, saying their creative content holds value on its own, just like art in a museum. “The content itself is valuable. just like a painting is fundamentally valuable, regardless of whether you ...

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Russia is emerging as a strong currency contender against the US, deploying strategies that have been significantly bolstering its native currency, the ruble. The US has imposed heavy sanctions on Russia in 2023. However, the nation remains unscathed from the “damage,” rising 45% against the US dollar this year. This development has led the world to question the dollar’s global dominance and the fact that the de-dollarization narratives have already peaked enough to suppress the USD. Also Read: Wealthy Investors Are Fleeing the US Dollar—Into These Hedge Assets Rouble Wins, Dollar Falls: What’s Happening? Source: fxstreet.com Despite the crushing sanctions that the US has imposed on Russia, the nation continues to defy odds, rising on the global and currency radar. Maneuvering the new payment systems and regimen, Russia’s ruble has emerged as one of the strongest currency contenders against the USD this year. The ruble has gained a new 45% upswing against the US dollar, and it has...