Today’s edition of the weekly recap covers a variety of topics including Strategy and GameStop each revealing major Bitcoin acquisitions totaling over $900 million. Meanwhile, El Salvador and Pakistan expanded their sovereign crypto reserves—despite global pressure from institutions like the…
The WazirX hack, which saw the infamous North Korean Lazarus Group steal $235 million from the crypto exchange, notably affected the sentiments of the Indian crypto investors. Post the hack, users migrated to more trusted platforms. In an interview published on 5 May 2025, Sumit Gupta, the CEO of CoinDCX, a crypto exchange based in … Read more
Bitget, the Seychelles-based crypto exchange platform, has formed a strategic alliance with Avalanche, a decentralised open-source blockchain platform, to jumpstart grassroots Web3 adoption in India. Bitget announced this new development on 28 April 2025, following various ventures by both companies to expand crypto and its use cases. Avalanche previously collaborated with Indian government agencies, including … Read more
Police in India have arrested Aleksej Besciokov, the co-founder of Russian crypto exchange, Garantex after the European Union sanction the exchange for facilitating money laundering. According to Indian state police officials, Besciokov, a Lithuanian national, was detained in the state of Kerala under India’s extradition law. (@Hack_Hound_) Aleksej Besciokov Arrested In India While On Holiday … Read more