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WazirX(WRX)

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$0.226751
(10.75%)
0.00000325 BTC
Market Cap (Rank#463)
$86,586,536
1,239 BTC
Vol 24h
$2,366,608
33.878 BTC
Circulating Supply
381,856,872.34
Max Supply
?
123 days agozycrypto
Shiba Inu Claims Title of Most Traded Coin On India’s WazirX Crypto Exchange
Shiba Inu (SHIB) has clinched the title of the most traded coin on India's leading cryptocurrency exchange, WazirX.
168 days agocryptodaily
28 Indian Crypto Exchanges Register With India’s AML Department
A total of 28 crypto entities, including CoinDCX, WazirX, Coinswitch, and ZebPay, have registered with the Financial Intelligence Unit-India (FIU-IND)
296 days agocryptodaily
SEC Warns Against Misleading Crypto Audits
The SEC’s principal advisor on accounting and auditing issued a statement this week warning accounting firms working as crypto “auditors” against publishing misleading reports. The US SEC warned firms acting as crypto “auditors” to carefully consider how their reports are marketed, claiming their work, in some instances, does not constitute the definition of auditing. Crypto “Audits” May Not Provide Reasonable Assurance to Investors Paul Munter, the SEC’s principal advisor on accounting and auditing, this week claimed in a statement that crypto companies have marketed their associations with accounting firms as auditors but said their work does not strictly comply with the definition of “auditing.” Munter said: “Certain crypto asset trading platforms, with others in the crypto industry, have marketed to investors their retention of third parties, sometimes accounting firms, to perform some sort of review of certain parts of their business, often presented as a purported “audit.” Mr Munter further warned accounting firms not to label their reports as “financial audits,” as they are not as rigorous or comprehensive as true financial statement audits. “As accounting firms increasingly engage in this sort of non-audit work, their clients’ marketing and terminology risks misleadingly suggesting that these alternative, non-audit arrangements are at parity with, or even more “precise” than, a financial statement audit.” He continued by saying: “Such suggestions are false. Non-audit arrangements are neither as rigorous nor as comprehensive as a financial statement audit, and may not provide any reasonable assurance to investors.” Proof-of-Reserves Are Inherently Limited, and Customers Should Exercise Caution The SEC’s accounting and audit principal referenced a public statement the Public Company Account Oversight Board (PCAOB) made in March. The board stated “proof-of-reserves are inherently limited” and “customers should exercise extreme caution when relying on them to conclude that there are sufficient assets to meet customer liabilities.” Mr Munter advised accounting firms that carry out reports that do not constitute financial statement audits but are labelled as such by a crypto firm to take immediate action. He suggests: “The accounting firm should consider making a noisy withdrawal, disassociating itself from the client, including by way of its own public statements, or, if that is not sufficient, informing the Commission.” Proof of Reserve Reports Surge Following FTX Collapse Following the crash of the crypto exchange FTX and the panic that ensued, several crypto firms published proof-of-reserve reports to assure customers that it has sufficient assets to meet customer liabilities. Crypto.com published its proof-of-reserve audit results by Mazars, revealing it maintains sufficient reserves. Indian crypto exchange WazirX followed suit and released its report, showing that 90% of its users’ assets are stored in Binance wallets. Auditing firm Mazars who was responsible for Binance, Crypto.com, KuCoin and several other crypto firms’ proof of reserve reports, announced it would pause all its business with crypto clients. The firm found Binance’s Bitcoin reserves to be overcollateralized but removed the report from its website. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
329 days agocoindesk
Dubai: Launching a Crypto Regulatory Arm to Become a Global Financial Power
The center of the crypto universe has been shifting toward the UAE since March 2022, when Dubai announced the world’s first independent crypto regulator, the Virtual Asset Regulatory Authority. With its state intention to provide legal clarity for crypto, the No. 5 spot in CoinDesk’s Crypto Hubs 2023 has attracted jurisdiction shoppers such as Binance CEO Changpeng Zhao and crypto exchange WazirX.
356 days agocryptodaily
Nansen Lays Off 30% Of Workforce
In a move to streamline operations and reduce expenses, blockchain analytics firm Nansen has announced a significant reduction in its workforce. CEO Announces Layoffs Blockchain analytics platform Nansen has been the latest to lay off approximately 30% of its employees, seeking to navigate the challenging economic landscape and ensure long-term sustainability. The decision, which the CEO confirmed in a public statement on Monday, comes as the firm aims to cut costs and optimize its operations, especially with the crypto markets running on a continuous slump. Nansen CEO, Alex Svanevik tweeted, “This week we announced the extremely difficult decision to reduce the size of the Nansen team. I’m endlessly grateful to the incredible people we are parting ways with. They will go on to achieve great things, and we'll ensure they get a soft landing, with severance and support.” Nansen To Focus On Core Strategy The announcement statement, penned by Svenavik, claimed that one of the reasons behind the decision was the avalanche effect of the company growing too fast, too soon. Svenavik took responsibility as CEO of the company taking on challenges that was not part of Nansen’s core strategy and promised that the restructuring of the firm would focus on accomplishing less things but to a higher degree of quality. Secondly, the company also cited the less-than-ideal market conditions, claiming that their cost-base was too high relative to the company’s status. Nansen Not Immune To Market Challenges According to LinkedIn data, before the reduction, the company used to employ a 50-100 strong workforce. Major crypto-focused media publications like The Block and Bloomberg have worked with Nansen across major blockchain networks like Polygon and Ethereum. In addition, the firm has been a prominent player in the blockchain analytics industry, specializing in providing insights and intelligence for decentralized finance (DeFi) and non-fungible token (NFT) ecosystems across over 100 million crypto wallets. The layoffs, however, indicate that Nansen has been impacted by the challenges faced by the broader cryptocurrency market. Despite the rapid growth and innovation in the blockchain industry, the volatility and uncertainty inherent in the market can pose substantial risks to businesses. As such, cost-cutting measures have become necessary for many companies to maintain their financial stability. Mass Layoffs Plague Industry The restructuring efforts at Nansen align with the broader trend of companies in the cryptocurrency and blockchain industry taking steps to ensure sustainability. The market's maturity has necessitated a more strategic approach, resulting in mass layoffs and restructuring efforts across the industry. Crypto companies like Polygon, WazirX, and Genesis have been some of the big names that have let go of significant portions of their workforce due to the unfavorable conditions in the market right now. Even entertainment giant Disney had to let go of its entire metaverse team as a part of its efforts to streamline its operations. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
358 days agocoindesk
Indian Crypto Exchanges Are in Survival Mode, Trying to Extend Their Runways
India’s CoinDCX, CoinSwitch, WazirX, BuyUCoin, ZebPay and Giottus all think they'll survive the current bear market – here’s how.
379 days agocryptodaily
Injective (INJ), Kava (KAVA) Shows Bearish Market Movement As Yachtify (YCHT) Keeps Surging Higher
Many cryptocurrencies have lost value during the bear season, such as Injective (INJ) and Kava (KAVA). Investors are looking for potential new technologies to invest in for the upcoming bull run because the price of current outdated coins is declining. Yachtify has a lot of development potential and might very well end up being a blue-chip cryptocurrency. Injective (INJ) High Withdrawal Fee Despite Bearish Run The launch of the WazirX INR market for Injective (INJ) demonstrates the exchange's dedication to growing its offerings and giving customers a variety of trading options. The action is a big step toward satisfying the changing needs of the Indian crypto community and is a response to the rising demand for INR trading pairs. Users could withdraw Injective (INJ) a few days after the listing, according to a recent blog post from WazirX, ensuring easy access to their money. The Indian exchange firm recently declared that it has stopped providing services of the Non-Fungible Tokens (NFT) marketplace, despite the positive news of the Indian Rupee's listing on the platform. TheNewsCrypto media reports that the WazirX exchange charges a 30.43 USDT withdrawal fee for withdrawals of at least 60.80 USDT. In spite of this knowledge, Injective (INJ) has traded poorly during the last 24 hours. The price of the digital coin Injective (INJ) has dropped by 2.41%, and Injective (INJ) is now trading at $7.43; $7.38 acts as a support level, and $7.96 acts as a resistance level. Market Structure Shows Kava (KAVA) Price Analysis At the time of writing, Kava (KAVA) is ranked 99th on CoinMarketCap. The forecast for the price of Kava (KAVA) in 2023 is described below with a daily time period. Horizontal channel patterns, commonly referred to as sideways trends, were put down by Kava (KAVA). The horizontal channel typically develops during a period of price consolidation. In this pattern, the price action is contained between the horizontally parallel upper trendline, which links the highs, and the lower trendline, which connects the lows. As the buying and selling points are consolidating, a horizontal channel is frequently regarded as one of the effective patterns for timing the market. The cost of kava (KAVA) was $0.7931 at the time of analysis. The price of Kava (KAVA) may rise to the resistance levels of $0.847 and $0.954 if the pattern trend persists. The price of Kava (KAVA) may drop to support $0.754 if the trend changes. >>>> BUY YACHTIFY TOKENS <<< Yachtify Revolutionizing Yacht Industry through Digital Finance With its fractional private boat ownership model, Yachtify Protocol offers investors a special chance to participate in a maritime sector with numerous revenue sources that is recession-proof. By doing this, we let crypto users access the wealthy and powerful's private yacht market. Yachtify is conducting a presale that is in Stage One and costs $0.1 right now. For as long as they have the tokens, presale investors can profit from a portion of the platform fees. In more tangible terms, they can profit from their ownership by renting out the yacht they own. Investors can feel secure knowing that the liquidity will be permanently locked and that the Yachtify network has completed an InterFi network KYC. Find out more about the presale: Website: https://yachtify.market/ Presale: https://buy.yachtify.market/login Twitter: https://twitter.com/yachtify_market Telegram: https://t.me/yachtify Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

About WazirX?

The live price of WazirX (WRX) today is 0.226751 USD, and with the current circulating supply of WazirX at 381,856,872.34 WRX, its market capitalization stands at 86,586,536 USD. In the last 24 hours WRX price has moved 0.015007 USD or 0.07% while 1,937,026 USD worth of WRX has been traded on various exchanges. The current valuation of WRX puts it at #463 in cryptocurrency rankings based on market capitalization.

Learn more about the WazirX blockchain network and how it works or follow the price of its native cryptocurrency WRX and the broader market with our unique COIN360 cryptocurrency heatmap.

Introduction

WazirX is a cryptocurrency exchange platform that aims to bridge the gap between fiat and cryptocurrency conversion in developing and underdeveloped countries. With a focus on peer-to-peer (P2P) transactions, WazirX simplifies the process of depositing and withdrawing fiat, making it easier for users to participate in the cryptocurrency revolution. As an independent brand under the Binance umbrella, WazirX is committed to maximizing cryptocurrency adoption globally and increasing the freedom of money.

Technology & Mechanism

Consensus Mechanism

WazirX operates on a robust and secure consensus mechanism that ensures the integrity and immutability of transactions. The platform leverages a combination of cutting-edge technologies to provide a seamless and efficient trading experience.

Blockchain Technology

WazirX is built on the Binance blockchain, which offers high scalability and fast transaction speeds. This blockchain technology enables WazirX to handle a large volume of trades while maintaining the security and privacy of user data.

Key Features

Scalability

WazirX is designed to handle a high volume of transactions, ensuring that users can trade cryptocurrencies quickly and efficiently. The platform's infrastructure is built to scale, allowing for seamless trading even during peak periods.

Security

WazirX prioritizes the security of user funds and employs industry-leading security measures. The platform stores the majority of user funds in cold storage, which is offline and inaccessible to hackers. Regular security audits are conducted to ensure the integrity of the platform.

Privacy

WazirX values user privacy and implements stringent measures to protect personal information. The platform adheres to strict data protection protocols and complies with relevant privacy regulations.

Decentralization

WazirX embraces the principles of decentralization, allowing users to have full control over their funds. By utilizing blockchain technology, WazirX eliminates the need for intermediaries, providing a trustless and transparent trading environment.

Development Team & Governance

WazirX is backed by a team of experienced professionals who are passionate about blockchain technology and cryptocurrency adoption. The team is dedicated to providing a world-class user experience and maintaining transparent communication with the community. The governance model of WazirX ensures that decisions are made in the best interest of the platform and its users.

Use Cases & Potential Impact

WazirX has the potential to revolutionize the way people in developing and underdeveloped countries access and use cryptocurrencies. By simplifying the fiat-cryptocurrency conversion process, WazirX opens up new opportunities for individuals and businesses to participate in the global digital economy. The platform aims to maximize cryptocurrency adoption in India and other developing nations by providing fiat on-ramps and forming strategic partnerships.

Purchase & Storage

How to Buy

WazirX can be purchased on various cryptocurrency exchanges. Users can create an account on the WazirX platform and complete the necessary verification process to start trading.

Wallets & Storage

To ensure the security of their WazirX tokens, users are advised to store them in a secure wallet. WazirX supports the use of hardware wallets and other reputable wallet providers to safeguard digital assets.

Partnerships & Collaborations

WazirX has formed strategic partnerships with leading companies in the blockchain and cryptocurrency industry. These collaborations aim to enhance the platform's functionality, expand its user base, and drive cryptocurrency adoption globally.

Roadmap

WazirX has an ambitious roadmap that includes expanding its P2P system to more countries, launching fiat on-ramps, and integrating with the Binance fiat gateway. The platform is continuously working on enhancing its features and user experience to meet the evolving needs of the cryptocurrency community.

Risks & Challenges

As with any cryptocurrency project, WazirX faces certain risks and challenges. Regulatory uncertainties and banking delays in certain countries can impact the platform's operations. However, WazirX is committed to complying with relevant regulations and working towards creating a secure and compliant trading environment.

Community & Regulatory Compliance

WazirX has a large and growing community of users who actively participate in the platform's development and growth. The community plays a vital role in building out the platform and is rewarded through the utility token, WRX. WazirX is dedicated to maintaining regulatory compliance and adhering to the highest standards of security and transparency. In conclusion, WazirX is a cryptocurrency exchange platform that aims to bridge the gap between fiat and cryptocurrency conversion in developing and underdeveloped countries. With its focus on P2P transactions, scalability, security, and privacy, WazirX provides users with a seamless and efficient trading experience. Backed by a dedicated team and supported by strategic partnerships, WazirX is poised to drive cryptocurrency adoption globally and increase the freedom of money.
WazirX Price0.226751 USD
Market Rank#463
Market Cap86,586,536 USD
24h Volume2,366,608 USD
Circulating Supply381,856,872.34 WRX
Max SupplyNo data
Yesterday's Market Cap82,318,824 USD
Yesterday's Open / Close0.200568 USD / 0.215575 USD
Yesterday's High / Low0.216191 USD / 0.200568 USD
Yesterday's Change
0.07% ( 0.015007 USD )
Yesterday's Volume1,937,026.13 USD
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