cryptocurrencies 3 - The Latremie Post

Standard Chartered CEO Predicts Blockchain Settlement for All Transactions

Standard Chartered CEO Bill Winters announced on November 3 that both the bank and Hong Kong SAR leadership foresee eventual blockchain settlement for all transactions and full currency digitization. Winters’ statement underscores a strong institutional and governmental commitment to blockchain technology, which could drive significant shifts in financial markets and impact cryptocurrencies like Bitcoin and Ethereum amid global digital currency trends.

This bold prediction highlights Standard Chartered’s strategic alignment with governmental agendas, positioning the bank for potential first-mover advantages as blockchain frameworks become widespread. However, no public fund allocations or new projects were explicitly announced alongside this statement.

Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, shared his outlook: “I would expect at least another $20 billion by year-end [in Bitcoin ETF inflows], a number which would make my $200,000 year-end forecast possible.”

**Blockchain Adoption’s Broader Financial Implications**

Did you know? Standard Chartered’s move echoes previous blockchain adoptions by global financial institutions, including pilot programs from BlackRock and JPMorgan. These developments reinforce the ongoing transition toward digital assets and signify a growing institutional embrace of blockchain technology.

According to CoinMarketCap, Bitcoin (BTC) is currently priced at $107,904.20, with a market capitalization of $2,152,011,730,482 and a dominance of 59.53%. It has experienced a 1.90% drop over the last 24 hours, contributing to a 5.56% decrease over the past 90 days. Meanwhile, trading volume surged by 71.14%, indicating an active and dynamic trading environment.

As blockchain integration gains momentum, the financial landscape is poised for transformation, with digital currencies and decentralized technologies playing increasingly central roles.
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Polkadot System Chains Upgrade Passes as DOT Tests Lower Bollinger Band Support at $2.88

**Polkadot (DOT) Price Analysis and Market Update**

**Quick Take**
– DOT trading at $2.88, down 2.7% in the last 24 hours
– Unanimous system chains upgrade referendum signals strong community backing
– Price currently testing lower Bollinger Band support at $2.83
– Follows Bitcoin’s weakness amid broader risk-off market sentiment

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### Market Events Driving Polkadot Price Movement

This week’s most significant development for Polkadot was the unanimous passage of a referendum to upgrade all system chains and schedule the Asset Hub Migration. This technical advancement highlights robust community consensus and positions the network for enhanced functionality. Despite the current price weakness, this provides a positive fundamental backdrop for DOT.

Polkadot is also set to participate in Hong Kong Fintech Week from November 3-7. This event adds a further layer of institutional exposure, showcasing the network’s interoperability solutions to a global audience, which may prove beneficial for Polkadot’s medium-term outlook.

Conversely, the failure of the Staking Dashboard funding referendum reflects some community friction over resource allocation. However, this had minimal impact on the market.

In the absence of significant breaking news catalysts, DOT’s price action is primarily influenced by technical factors and broader cryptocurrency market sentiment. The token currently faces selling pressure, tracking Bitcoin and other major cryptocurrencies as risk-off sentiment dominates trading decisions.

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### DOT Technical Analysis: Testing Critical Support Zone

**Price Action Context**
DOT price currently sits below all major moving averages, trading at $2.88 compared to the 20-day SMA at $3.01 and the 50-day SMA at $3.59. This positioning signals sustained bearish pressure, with the token down approximately 26% from its 52-week high of $5.31.

The price movement indicates that Polkadot is closely following Bitcoin’s weakness rather than exhibiting independent strength. Trading volume on Binance’s spot market reached $14.4 million over 24 hours, reflecting moderate institutional interest but lacking the momentum needed to trigger a sustained reversal.

**Key Technical Indicators**
– The Relative Strength Index (RSI) stands at 38.18, in neutral territory but approaching oversold conditions, which could signal potential for a technical bounce.
– The MACD histogram shows a slight bullish divergence at 0.0218, suggesting weakening selling pressure despite the overall negative MACD value of -0.1722.
– Most importantly, the %B indicator at 0.1532 shows DOT price near the lower Bollinger Band at $2.83, a level that has historically provided support in previous corrections.

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### Critical Price Levels for Polkadot Traders

**Immediate Levels (Next 24-48 Hours):**
– **Resistance:** $3.01 (20-day moving average and psychological resistance)
– **Support:** $2.83 (lower Bollinger Band and recent 24-hour low)

**Potential Breakout/Breakdown Scenarios:**
– A break below the $2.83 support level could trigger further selling pressure, pushing the price toward the next major support zone at $2.77. Note that the 52-week low at $2.87 was recently breached.
– Conversely, a successful defense at $2.83 and a move above the $3.01 resistance could open the door for a rally toward the immediate resistance at $3.34.

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### DOT Correlation Analysis

– **Bitcoin:** DOT’s price movements are closely correlated with Bitcoin’s bearish momentum, with both assets experiencing similar percentage declines in recent sessions.
– **Traditional Markets:** Risk-off sentiment spilling over from equity markets appears to be weighing on cryptocurrencies broadly.
– **Sector Peers:** Polkadot is currently underperforming some layer-1 competitors, indicating there may be specific selling pressure beyond the general market weakness.

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### Trading Outlook: Polkadot Near-Term Prospects

**Bullish Case:**
If DOT can successfully defend the $2.83 lower Bollinger Band support, combined with positive momentum stemming from exposure during Hong Kong Fintech Week, a technical bounce toward $3.01 resistance is possible. Additionally, the unanimous referendum passage provides a supportive fundamental outlook for the medium-term.

**Bearish Case:**
Failure to hold current support levels amid continued Bitcoin weakness could see further declines toward the strong support zone around $2.77. Broader cryptocurrency market sentiment remains fragile, increasing the risk of additional downside.

**Risk Management:**
Traders are advised to consider tight stop-losses below $2.80, given the proximity to critical support. The daily Average True Range (ATR) of $0.23 suggests that position sizing should account for potential daily price swings of approximately 8% in either direction.

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*Stay updated with the latest developments as Polkadot navigates a challenging market environment supported by strong community fundamentals.*
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Malaysia’s central bank sets three-year roadmap to pilot asset tokenization

Bank Negara Malaysia (BNM), the country’s central bank, has unveiled a comprehensive three-year roadmap to explore and test asset tokenization across the financial sector. This initiative aims to modernize Malaysia’s financial infrastructure by leveraging the benefits of digital assets.

As part of the plan, BNM will launch several proof-of-concept (POC) projects and live pilots through its Digital Asset Innovation Hub (DAIH), which was established earlier this year. The central bank announced these developments on Friday, highlighting its commitment to fostering innovation in the digital asset ecosystem.

### Asset Tokenization Industry Working Group (IWG)

A key component of the roadmap is the formation of an Asset Tokenization Industry Working Group (IWG). This group will play a crucial role in coordinating industry-wide exploration, facilitating knowledge sharing, and identifying regulatory and legal challenges. The IWG will be co-led by Bank Negara Malaysia and the Securities Commission (SC), focusing initially on foundational use cases that demonstrate clear economic value.

### Focus on Real-World Assets, Not Cryptocurrencies

BNM clarified that the tokenization efforts will concentrate on real-world assets rather than cryptocurrencies. Highlighted use cases include:

– Supply chain financing to expand SME credit access
– Tokenized liquidity management aimed at faster settlement
– Islamic finance applications to automate Shariah-compliant transactions
– Programmable payments
– Green finance initiatives
– 24/7 cross-border trade settlements

### Exploring Tokenized Deposits and Stablecoins

The central bank also plans to study the role of MYR-denominated tokenized deposits and stablecoins. The goal is to preserve the “singleness of money” while enabling efficient digital settlements. Integration of wholesale central bank digital currency (CBDC) will also be explored to enhance the overall financial ecosystem.

### Regional Collaboration and Industry Feedback

Malaysia aims to join other leading Asian regulators, such as Singapore’s Monetary Authority of Singapore (MAS) and Hong Kong’s Hong Kong Monetary Authority (HKMA), in piloting asset tokenization as part of its efforts to modernize financial infrastructure.

The central bank has opened industry feedback on the discussion paper until March 1, 2026, inviting stakeholders to contribute to shaping the future of digital asset regulation in Malaysia.

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### Malaysia’s Regulator Proposes Faster Crypto Listings

In related developments, Malaysia’s Securities Commission (SC) proposed a new framework in July to streamline cryptocurrency listings. Under this proposal, approved crypto exchanges would be allowed to list specific digital assets without prior approval from the regulator.

However, exchanges must ensure that listed assets have undergone public security audits and have been traded for at least one year on platforms compliant with Financial Action Task Force (FATF) standards. This move aims to promote greater agility in the digital asset market while maintaining regulatory oversight.

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For more updates on Malaysia’s digital asset landscape and ongoing regulatory changes, stay tuned.
https://cointelegraph.com/news/malaysia-central-bank-roadmap-pilot-asset-tokenization?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Final Hours To Claim LivLive’s SPOOKY40 Bonus: The 5 Best Crypto Presales To Watch Now

What if every real-life action could earn rewards in crypto? From a simple walk to leaving a restaurant review, imagine turning your daily habits into passive income. LivLive (IVE) is making that happen, merging lifestyle with blockchain in ways that redefine engagement. For anyone watching the next wave of game-changing presales, this is where attention belongs.

But LivLive isn’t alone in heating up investor interest. Projects like Jet Bolt, Nexchain, Coldware, and SUBBD are creating their own waves across the crypto presale scene, each promising innovation across AI, security, and data ownership.

This article covers the developments and updates of all five coins—LivLive, Jet Bolt, Nexchain, Coldware, and SUBBD—and explores how they’re shaping the future of Web3 investment.

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### LivLive (IVE): The Best Crypto Presale Bridging Real Life and Blockchain

LivLive (IVE) isn’t just another metaverse promise; it’s the bridge between real-world activity and blockchain rewards. Built on Ethereum with a total supply of 5 billion tokens, the project introduces a bold $0.02 listing target, creating an ambitious yet realistic growth path for early investors.

At its core, LivLive transforms how people interact with technology by rewarding engagement, action, and authenticity. The current presale has already attracted over $2,055,194, backed by 180 holders. The token is priced at just $0.02, and the private sale has already reached 100% of its $2 million goal. Stage 1 of the public presale is now 2.2% filled, creating immense anticipation among early buyers.

LivLive accepts all major payment methods, from Visa and Mastercard to popular cryptocurrencies like ETH, USDT, and BTC. Every purchase is payable after the presale ends, ensuring a transparent and user-first checkout system.

To make the deal even more enticing, investors can use the **SPOOKY40** bonus code to get 40% more IVE tokens, a limited-time offer that’s driving significant traction.

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### Real-World Gamification Layer: Turning Daily Life Into Tokenized Rewards

LivLive’s Real-World Gamification Layer changes the way users interact with digital incentives. Instead of locking rewards inside a virtual game, LivLive gamifies real life.

Users earn IVE tokens and XP by completing real-world “quests,” such as walking, attending events, or reviewing a local spot. These aren’t fictional leaderboards; they’re verifiable proof-of-action milestones that reflect actual engagement. This structure gives IVE genuine utility and an emotional connection.

Participants don’t chase pixels—they earn recognition and value for living actively and authentically. LivLive replaces the traditional influencer metric system with measurable achievements. A simple check-in becomes a badge of credibility. Each action, each quest, becomes an asset, bridging lifestyle, entertainment, and financial reward in one seamless ecosystem.

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### Verifiable Trust Protocol: Redefining Transparency in Blockchain Interaction

Transparency isn’t just a feature in LivLive—it’s the foundation. The Verifiable Trust Protocol ensures that every user action and reward on the platform is recorded and authenticated on-chain.

This means no bots, no fake engagement, and no manipulation. The system’s proof-of-action model guarantees that every interaction—whether walking into a venue or completing a sponsored challenge—is genuinely verifiable.

This verifiable layer builds confidence between users, brands, and partners. Businesses can verify campaign engagement in real time, while users enjoy peace of mind knowing their rewards are secure and legitimate.

LivLive’s approach promotes ethical participation, credibility, and long-term sustainability in ways that few presale cryptos have ever achieved.

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### LivLive (IVE) Presale and Investment Outlook: The Numbers Tell the Story

LivLive (IVE) is structured to deliver lasting value through reward mechanics, deflationary supply, and a transparent economic framework. The project’s $0.02 presale price presents an appealing entry point, especially considering the $0.2 listing target—a potential 10x gain for early buyers.

Unsold tokens are set to be burned, and liquidity will be locked after launch, fortifying investor confidence.

Consider this: a $5,000 investment at the current presale rate secures 250,000 IVE tokens. With the **SPOOKY40** bonus, that number increases to 350,000 tokens.

When LivLive lists at $0.2, that same position could be worth $70,000—a staggering potential gain. If momentum drives the price to $1 as projected, the investment could soar to $350,000, representing a 70x return.

That’s the power of early participation in a presale designed for value, engagement, and trust.

The clock is ticking on LivLive’s biggest reward yet. Use code **SPOOKY40** before November 1 to grab 40% more tokens before the offer disappears.

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### Jet Bolt: Building the Future of Speed and Scalability

Jet Bolt is emerging as one of the most technically ambitious presale cryptos in the DeFi ecosystem. It focuses on creating ultra-fast transaction capabilities for blockchain networks.

With lightning-speed processing and AI-optimized throughput, Jet Bolt aims to set new benchmarks in decentralized performance. Its architecture supports multi-chain scaling and zero-latency smart contracts, giving developers and enterprises the power to build without friction.

Jet Bolt’s presale has drawn attention from institutional players seeking next-generation transaction efficiency, a critical step toward mainstream adoption.

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### Nexchain: Pioneering Data Connectivity Across Blockchains

Nexchain offers a data bridge that allows seamless interaction between isolated blockchains. This interoperability is becoming increasingly vital as crypto networks evolve.

By providing a unified layer for data exchange, Nexchain ensures that blockchain ecosystems can share information and value efficiently. Its presale momentum is growing rapidly, driven by strong developer interest and backing from early-stage funds.

The platform’s goal is to power decentralized apps that rely on continuous, accurate data sharing—a necessity for real-world blockchain scalability.

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### Coldware: Redefining Cybersecurity in Crypto

Coldware is tackling one of crypto’s biggest challenges: security. This presale project introduces a decentralized firewall that protects Web3 users from exploits and data breaches.

Coldware’s system leverages real-time threat detection powered by AI, enabling it to react faster than traditional cybersecurity protocols.

Investors view Coldware as a long-term stability asset within the presale crypto list. It provides essential protection for decentralized apps, wallets, and transactions, positioning itself as a guardian of the DeFi world.

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### SUBBD: Empowering Creators Through Decentralized Media

SUBBD addresses the creator economy by building a decentralized publishing model where artists, writers, and influencers retain full ownership of their content.

Through blockchain-based subscriptions and community governance, SUBBD eliminates middlemen, ensuring fairer profit distribution.

The project’s early traction suggests strong cultural appeal. Its presale has attracted creators seeking an equitable revenue model.

As content ownership becomes a defining issue in digital media, SUBBD’s mission is well-timed for major impact.

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### Why Joining the LivLive (IVE) Presale Is the Smartest Move Right Now

Joining the LivLive (IVE) presale is more than an investment—it’s participation in a lifestyle revolution.

While other presales bring technical innovation, LivLive blends human experience with blockchain utility. Every feature, from its real-world quests to its transparent trust system, gives users tangible value that connects to their daily lives.

Compared to Jet Bolt, Nexchain, Coldware, and SUBBD, LivLive stands out by bridging real-world utility with digital economics. It doesn’t just exist on a screen; it exists in people’s routines, relationships, and achievements.

With the **SPOOKY40** bonus still active, buyers gain an immediate advantage by securing 40% more tokens before the next pricing tier increases.

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### Conclusion: The Future of Presale Crypto Lies in Purpose

The crypto presale landscape is buzzing with opportunity, and these five projects—LivLive, Jet Bolt, Nexchain, Coldware, and SUBBD—each bring something remarkable to the table. They represent innovation, transparency, and real-world application.

Yet, among them, LivLive (IVE) shines as the project most deeply rooted in practical, human value. With over $2 million raised, a $0.02 entry point, and a $0.2 target, LivLive isn’t just a presale; it’s the start of a movement redefining how everyday actions create wealth.

The time to act is now. Those who move early could be holding tomorrow’s most valuable lifestyle token.

LivLive just dropped a Halloween surprise. Claim 40% more IVE tokens with code **SPOOKY40** while it’s still live. Once the bonus allocation is gone, it’s gone for good.

—

### Find Out More Information Here

– Website: [Insert URL]
– X (Twitter): [Insert URL]
– Telegram Chat: [Insert URL]

*Don’t miss your chance to be part of this exciting journey!*
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XRP Price Outlook for November 2025: Sentiment Turns Bearish, but Data Suggests Ripple’s Rally Is Far From Over

XRP Price Chatter Turns Cautious in November Amid Mixed Headlines

XRP price sentiment has shifted to a more cautious tone in November, as traders note softer momentum alongside mixed market headlines. Despite this, market depth remains strong, supported by recent corporate developments that increasingly tie XRP to real-world applications. Notably, a Ripple-backed venture is moving toward a public listing with plans to hold substantial XRP reserves, signaling long-term confidence in the token.

To provide a balanced perspective, investors are also examining Remittix, a payments newcomer, against XRP. Remittix’s growing traction in crypto-to-bank transfers highlights where fresh demand could inject new life into the token market.

XRP Price Setup for November

Currently, XRP trades at approximately $2.45, boasting a market capitalization of $147 billion and a 24-hour trading volume around $6.7 billion. These figures indicate strong participation even during recent pullbacks. Live market data consistently lists XRP among the largest cryptocurrencies, underscoring its sustained liquidity.

Short-term sentiment has cooled somewhat, with market analysts flagging bearish signals on XRP charts since late October. However, reports that Ripple-backed Evernorth aims to raise over $1 billion through a public listing—with the goal of accumulating XRP as a dedicated treasury—support a longer-term perspective centered on network utility and expanding payment corridors.

The November takeaway remains balanced: near-term caution accompanies a constructive base case, provided key support levels hold and liquidity stays robust.

Remittix Versus XRP on Payments Demand

While XRP primarily targets bank and enterprise settlements—often with longer timelines—Remittix enters the payments space with a sharper near-term focus on crypto-to-bank transfers and day-to-day payouts.

Where XRP must navigate complex regulatory and enterprise adoption steps to reach broader volume, Remittix emphasizes direct payment rails and offers a wallet currently in community beta testing. This approach appeals to users seeking simple send-and-receive flows with quick fiat exits.

In this way, Remittix serves as a practical complement to XRP’s institution-led strategy within today’s crypto landscape.

Key highlights of the Remittix DeFi project include:

Full verification by CertiK
Ranked #1 for Pre-Launch Tokens on Skynet
Completed team KYC
Wallet beta testing currently live, with iOS invites extended to the top ten weekly purchasers

Remittix has sold over 681 million tokens so far, priced at approximately $0.1166, raising more than $27.7 million. The project holds listings on BitMart and LBank, with a third exchange listing underway. A limited-time promo code, RTX50, offers a 50% token bonus, serving as a strong incentive as the fundraising nears the $30 million milestone.

Why Remittix Can Capture Market Share Now:

Send crypto to real bank accounts within seconds
Supports numerous cryptocurrencies and multiple fiat currencies at launch
Real-time FX conversion with transparent rates
Audited by CertiK with verified team and ongoing security monitoring
Designed to serve both crypto natives and newcomers

November View: Rally Case with a Payments Hedge

The base case for XRP pricing in November is cautiously optimistic. Healthy liquidity, growing corporate interest, and the potential to defend key support levels create a foundation for upward momentum. Evernorth’s initiative to build a use-driven treasury supports demand beyond short-term trading activity.

Meanwhile, Remittix offers a direct payments hedge with its live beta wallet, expanding user testing, and clear exchange pathways. Together, these elements allow investors to balance XRP’s institutional strengths with Remittix’s practical payment solutions and steady adoption potential.

Discover the future of PayFi with Remittix by exploring their project through the following links:

Website: [Insert Website URL]

Socials: [Insert Social Media Links]

https://coinpedia.org/press-release/sentiment-turns-bearish-but-data-suggests-ripples-rally-is-far-from-over/

Bitcoin, XRP, Ethereum Dip Post Fed’s Rate Cut: What’s Next For Crypto?

On Wednesday, the Federal Reserve (Fed) announced a 25-basis-point rate cut from the previous rate of 4.25%, aligning with market expectations. Despite this bullish development being highly anticipated by top experts as the best catalyst for the remainder of the year, Bitcoin (BTC), XRP, and Ethereum (ETH) led the market downturn following the announcement.

### Fed Chair Signals Uncertainty Over Further Rate Cuts

The selloff intensified after Fed Chairman Jerome Powell indicated during his press conference that another interest-rate cut in December “is not a foregone conclusion.” This uncertainty has contributed to market volatility, as both cryptocurrencies and stocks have rallied this year in anticipation of lower interest rates.

If the Fed does not implement further rate cuts in December, it could lead to a rebound in the dollar, which would be detrimental for Bitcoin bulls. Analyst Manuel Villegas from Julius Baer noted that options-derived implied movements for US equity indices suggest significant shifts around upcoming macroeconomic reports. He advised crypto investors to prepare for potential volatility.

### Analyst Foresees Positive Momentum For Bitcoin

However, market expert Timothy Peterson provided further insights on social media site X (formerly Twitter), predicting that the Bitcoin price could rise up to 12% over the next week, meaning that the leading crypto could surge toward $123,000.

In his analysis, Peterson highlighted Bitcoin’s performance surrounding Federal Open Market Committee (FOMC) meetings and noted that since 2023, Bitcoin’s average movement after such meetings has been about 1.5 times its prior week’s performance. With Bitcoin having gained 4% in the week leading up to the Fed’s decision, Peterson anticipates a subsequent increase of around 7%, with a potential range of 0-15%.

The FOMC, which sets US interest rates and guides monetary policy, often sees markets trade cautiously before meetings, followed by reactions once the uncertainty is resolved. The expert concluded that despite the growing uncertainty, Bitcoin and the broader market could see a new leg up near record highs.

*Featured image from DALL-E, chart from TradingView.com.*
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Indian Court XRP Ruling May Complicate WazirX Hack Claims Process

**Madras High Court Mandates Bank Guarantee for WazirX User’s XRP Holdings Post-Hack**

The Madras High Court has delivered a landmark ruling affirming cryptocurrencies as possessable property under Indian law, a decision that could significantly impact how digital assets are treated following exchange hacks. This development comes in the wake of a major 2024 cyberattack on WazirX that resulted in a staggering $235 million loss, leaving the platform with insufficient tokens to meet all user liabilities.

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### Significance of the Madras High Court Ruling on WazirX Cryptocurrency Claims

On Saturday, Justice N. Anand Venkatesh ordered WazirX’s operator, Zanmai Labs, to issue a bank guarantee worth approximately $11,800 to secure a specific user’s claim over 3,532 XRP tokens frozen after the hack. This ruling officially recognizes digital assets like XRP as property capable of being owned, possessed, and held in trust.

This important affirmation sets a precedent for handling user claims post-hack, particularly in cases involving frozen assets. It highlights the legal recognition of crypto holdings as trustable property and could influence how exchanges like WazirX manage liabilities, especially amid international restructuring efforts.

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### Impact on WazirX Users Affected by the 2024 Hack

The 2024 cyberattack on WazirX compromised approximately $235 million worth of various cryptocurrencies. As a consequence, the exchange no longer holds enough tokens to cover all pending user claims. Since the incident, many affected users have faced prolonged uncertainty due to frozen assets intended to prevent further loss.

Justice Venkatesh’s order specifically targets a claimant whose XRP remains in Zanmai Labs’ custody, emphasizing the legal standing of such tokens. This introduces new legal considerations for WazirX, which operates under its Singaporean parent company Zettai Labs but has headquarters in India.

The ruling could complicate enforcement efforts within India and potentially conflict with Zettai’s court-approved restructuring plan under Singapore law dated October 13, 2024. According to legal experts cited by Bloomberg and Reuters, jurisdictional overlaps often delay dispute resolution in cross-border crypto cases.

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### Broader Legal and Operational Implications

– **Local Enforcement:** Indian WazirX users may need to pursue local arbitration or court claims to access remedies, rather than relying solely on the Singaporean restructuring scheme.

– **Bank Guarantee as Interim Security:** The bank guarantee ordered by the court acts as a financial safeguard, ensuring the claimant’s rights are protected during ongoing proceedings.

– **WazirX’s Response:** Following the ruling, WazirX has reiterated its commitment to fair distribution and has resumed trading after a year-long halt. The court documents note that the hack severely depleted liquid tokens, prompting Zettai Labs to develop a structured repayment plan under Singapore Companies Act supervision.

– **Regulatory Impact:** With over 100 million crypto users in India as reported by the Reserve Bank of India and industry analyses like PwC, this ruling underscores the need for regulatory clarity. It enforces the view that exchanges must treat user assets as fiduciary obligations, aligned with global standards such as those from the Financial Action Task Force (FATF).

Fintech lawyer Aarav Gupta observes that WazirX’s recent zero-fee trading initiative aims to rebuild user trust, although full recovery remains uncertain. The case exemplifies evolving legal landscapes in India as courts adapt existing laws to accommodate blockchain assets.

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### Frequently Asked Questions

**What does the Madras High Court ruling mean for claiming frozen XRP on WazirX after the hack?**
The ruling allows Indian users to pursue arbitration for frozen XRP holdings, legally recognizing them as trust-held property. Zanmai Labs must provide a bank guarantee of roughly $11,800 for 3,532 XRP tokens, securing claims during legal proceedings. This facilitates quicker resolution for affected users within India.

**How will WazirX’s Singapore restructuring plan interact with Indian court decisions on crypto hacks?**
While WazirX’s parent company, Zettai Labs, received approval for its restructuring plan in Singapore, Indian court orders such as this may require local compliance measures like bank guarantees. As a result, the interaction of jurisdictional frameworks could lead to hybrid solutions overseen by both Indian and Singaporean courts.

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### Key Takeaways

– **Cryptocurrency as Legal Property:** The Madras High Court has formally recognized digital assets like XRP as possessable and held in trust, bolstering user rights in hack cases.

– **Bank Guarantee Requirement:** Zanmai Labs must secure claims with financial guarantees to prevent further delays in recovery.

– **Impact on Restructuring Efforts:** Indian court decisions may extend the timeline or alter the enforcement of WazirX’s Singapore-approved repayment scheme. Users should stay informed and file claims promptly.

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### Conclusion

The Madras High Court’s ruling on WazirX marks a pivotal advancement in the recognition of cryptocurrency under Indian law. By affirming digital assets as trustable property and mandating bank guarantees to secure user claims, the court has set a precedent that could influence how crypto exchanges and users navigate the complex aftermath of hacks.

As WazirX works through its international restructuring, affected users—particularly those in India—may experience changes in how claims are addressed, with greater emphasis on legal protections and fiduciary responsibilities. This case highlights the growing need for clear regulatory frameworks in the expanding Indian crypto market and signals a maturing judicial approach to blockchain-related disputes.

Stay tuned for more updates on cryptocurrency regulations and WazirX’s ongoing developments.

—

*Published by [Your Website Name]*
*Date: [Insert Date]*
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Cryptocurrency is as ‘property’ under Indian law, rules Madras High Court

**Madras High Court Confirms Cryptocurrencies Can Be Owned and Held in Trust**

In a landmark ruling that could reshape the future of cryptocurrency in India, the Madras High Court has declared that cryptocurrencies qualify as property under Indian law. Delivered by Justice N. Anand Venkatesh, the decision affirms that cryptocurrencies can be owned, held in trust, and protected as legal property — a major step in clarifying the legal status of digital assets in the country.

### Cryptocurrency in India Now Recognised as Property

The case originated from a petition by an investor whose 3,532.30 XRP coins were frozen following a cyberattack on WazirX, one of India’s largest cryptocurrency exchanges. In July 2024, WazirX suffered a $234 million hack involving Ethereum and ERC-20 tokens. Although the investor’s XRP holdings were not part of the stolen assets, WazirX sought to redistribute all users’ funds under its so-called “socialisation of losses” plan.

Justice Venkatesh firmly rejected this proposal, ruling that each investor’s digital holdings are individual property and cannot be diluted or redistributed to cover exchange losses. He emphasised that cryptocurrencies, while intangible, possess all the essential attributes of property: they are identifiable, transferable, and exclusively controlled through private keys.

> “It is not a tangible property nor is it a currency,” the judge observed. “However, it is a property, which is capable of being enjoyed and possessed in a beneficial form.”

This interpretation grants digital asset holders stronger legal standing, ensuring that their cryptocurrencies are recognised as assets protected under Indian law.

### Jurisdiction and Investor Protection

The Court also settled important questions regarding jurisdiction, dismissing WazirX’s argument that Singaporean arbitration rules applied due to its parent company, Zettai Pte Ltd, being based in Singapore.

Justice Venkatesh cited the Supreme Court’s earlier decision in *PASL Wind Solutions Pvt Ltd v. GE Power Conversion India Pvt Ltd* (2021), noting that Indian courts have authority over assets located within India. Because the investor’s transactions originated from Chennai and involved an Indian bank account, the Court confirmed the case fell squarely under Indian jurisdiction.

The Court further highlighted that Zanmai Labs Pvt Ltd, which operates WazirX in India, is registered with the Financial Intelligence Unit (FIU), unlike its foreign parent company or Binance. This distinction reinforces that Indian exchanges operating domestically are subject to Indian oversight and accountability—particularly in protecting user assets and maintaining transparent custodial practices.

### Strengthening Web3 Governance

Justice Venkatesh’s ruling went beyond individual relief, calling for higher standards of corporate governance within the Web3 and cryptocurrency sectors. He urged exchanges to:

– Maintain separate client funds
– Conduct independent audits
– Uphold robust KYC and anti-money laundering controls

The Court noted these measures are vital for building trust in the digital economy and protecting consumers from future mishandling of assets.

Legal experts have hailed the judgment as a milestone in developing “crypto-jurisprudence” in India. Vikram Subburaj, CEO of Indian exchange Giottus, described it as a foundational moment that signals to all market participants — exchanges, users, and regulators — that the digital asset space will be held to strong standards of governance and protection.

### A Foundation for India’s Crypto Future

The Court’s ruling not only protects the rights of individual investors but also strengthens the broader regulatory framework surrounding digital assets. By recognising cryptocurrency as property, the judgment fills a crucial legal gap in a country where tax enforcement on crypto remains strict, but investor protections have lagged.

As Justice Venkatesh wrote, courts now serve as the “central stage where the future of digital value is debated.” Through this ruling, the Madras High Court has provided India with a clearer understanding of ownership, responsibility, and trust in the age of decentralisation.

With cryptocurrency in India now firmly recognised as property under Indian law, this decision marks a turning point for the country’s digital asset ecosystem—affirming that crypto holdings are not merely speculative instruments but protected assets under the law.
https://coinjournal.net/news/cryptocurrency-is-as-property-under-indian-law-rules-madras-high-court/

Best Practices for Diversifying Crypto Salary Earnings

A cryptocurrency wage presents promising prospects as well as intricate financial management issues. Cryptocurrency volatility calls for a disciplined strategy and diversification. Many employees and freelancers worldwide already get paid in Bitcoin or other cryptocurrencies.

Solely crypto-based dependence, while innovative, involves volatility and economic risk for them. Smart management ensures salaries retain purchasing power despite market volatility and economic downturns. Systematic transformation of revenues into stable assets provides protection. Diversification into fiat and traditional assets provides stability.

In addition to emergency funds, professional guidance and regulation, diversification helps convert unstable income into more secure, long-term financial foundations. Read on to learn more about the best practices for diversifying crypto salary earnings.

## Dollar-Cost Averaging for Managing Crypto Salary Conversions

Dollar-cost averaging represents an essential principle when managing recurring income from crypto payrolls or digital salaries responsibly. Rather than converting entire salaries immediately, employees allocate portions gradually across consistent intervals.

Multiple conversions yield smoother averages, limiting exposure to sharp downturns or speculative peaks. Employees benefit from natural market corrections while avoiding mistakes caused by emotional, impulsive decisions.

Converting smaller portions over weeks or months enhances predictability and stabilizes personal financial planning. Professional advisors widely endorse this method because it consistently minimizes timing-related risks. DCA transforms volatile crypto payments into reliable assets that maintain purchasing power longer.

By reducing reliance on speculative timing, individuals ensure predictable results with reduced stress.

## Diversifying Into Stablecoins and Traditional Financial Assets

Strategic diversification beyond core cryptocurrency wages remains important for financial long-term endurance. Employees receiving digital pay need to convert fractions into regulated or fiat-collateralized stablecoins relative to fiat currencies.

This approach maintains purchasing power without subjecting themselves to the whim of the extreme volatility of Bitcoin or Ethereum booms and busts. Stablecoins provide liquidity and guarantee ready availability for sudden spending or emergency needs.

Employees can benefit from investing in conventional finance markets and low-risk investments beyond holding stablecoins. For instance, when Ontario opened its regulated iGaming market in 2022, online casino platforms in Canada expanded their options. The payment options include e-wallets, prepaid cards, and bank transfers, giving players safer and more reliable ways to manage money.

Likewise, employees receiving crypto payments should utilize disciplined conversion methods to secure their earnings. Investing in savings accounts, diversified ETFs, or government bonds contributes to long-term financial stability. These traditional instruments have historically provided reliable performance.

ETFs and bonds offer stronger long-term growth potential, while savings accounts mainly provide liquidity and safety. Together, they help hedge against correlated declines in cryptocurrency.

## Establishing a Dedicated Fiat Emergency Fund

A fiat emergency fund remains essential for individuals receiving salaries entirely through cryptocurrencies. Digital assets inherently carry volatility risks that threaten stability during sudden adverse market conditions.

Establishing three to six months’ living expenses within traditional accounts ensures lasting protection. Unlike crypto, fiat funds provide reliable liquidity during emergencies like illness, unemployment, or crises. Employees should convert portions consistently into fiat until emergency savings goals are securely met.

This practice guarantees independence from forced asset liquidation at unfavorable cryptocurrency prices. Dedicated fiat reserves serve as financial buffers shielding individuals from severe market instability.

Building such reserves demonstrates foresight and professionalism when navigating unpredictable economic environments responsibly. Maintaining fiat liquidity balances speculative crypto investments with practical safeguards, securing daily necessities.

Professionals who prioritize emergency funds maintain resilience while continuing to confidently pursue strategic growth elsewhere. A balanced financial structure allows employees to weather downturns without significantly compromising long-term aspirations. Emergency reserves stand as indispensable pillars of financial planning for crypto-paid professionals worldwide.

Establishing fiat safeguards represents disciplined wealth management, ensuring both immediate stability and sustainable prosperity long-term.

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**Author**

Reporter at Coindoo

Krasimir Rusev is a journalist with many years of experience in covering cryptocurrencies and financial markets. He specializes in analysis, news, and forecasts for digital assets, providing readers with in-depth and reliable information on the latest market trends. His expertise and professionalism make him a valuable source of information for investors, traders, and anyone who follows the dynamics of the crypto world.
https://coindoo.com/best-practices-for-diversifying-crypto-salary-earnings/

Crypto Market Proves Its Strength After Major Selloff, Analysts Say

The cryptocurrency market was shaken earlier this month after a sharp policy turn in Washington triggered widespread panic among traders. U.S. President Donald Trump’s declaration of 100% tariffs on Chinese imports sent shockwaves through global markets, and crypto was no exception. Within hours, prices across the sector plunged more than 10%, while forced liquidations surged from an estimated $10 billion to nearly $20 billion as overleveraged positions cascaded out of control.

What followed was one of the most intense selloffs of the year—but not the kind of collapse that breaks the system. Despite the chaos, the market infrastructure held up. Platforms that once buckled under far smaller stress tests managed to stay online, processing massive order flows without major interruptions.

### Bitcoin Holds Its Ground

According to TD Cowen analysts, the market’s reaction revealed both the dangers and the progress of today’s crypto ecosystem. Open interest was effectively halved, yet trading platforms continued to operate with minimal disruption. “The system absorbed the blow,” the report implied, highlighting that liquidity and technology have evolved dramatically since previous cycles.

Amid the turmoil, the two leading cryptocurrencies—Bitcoin and Ethereum—stood out for their resilience. While many small-cap tokens effectively vanished, Bitcoin’s dip proved relatively mild: it dropped 15% at its lowest point before rebounding to close the day down just 8%. Ethereum’s recovery mirrored that stability, cementing its role as a key anchor in an otherwise turbulent landscape.

Despite the liquidation storm, TD Cowen’s outlook remains strongly optimistic. The firm reiterated its projection that Bitcoin could reach $141,000 by December, supported by continued institutional inflows and a growing sense that the market’s structural integrity can now withstand extreme shocks without disintegrating.

### Global Adoption Defies Volatility

Beyond the trading floors, the TD Cowen report emphasized how global adoption continues to expand, largely unfazed by short-term corrections. Japan, in particular, stands out as a striking example: the number of registered digital asset accounts has now exceeded 7.9 million, a fourfold increase that signals the deepening reach of cryptocurrency into mainstream finance.

For analysts, this combination of resilience and rapid adoption paints a compelling picture of where the market is heading. The $19 billion liquidation wave, while painful, also served as a stress test—one that the industry passed. Rather than undermining confidence, the crash demonstrated that crypto’s core infrastructure is stronger, faster, and more coordinated than ever before.

As TD Cowen summed it up, volatility may still define the crypto market, but its ability to endure massive selloffs without breaking marks a significant step toward maturity.

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*Source: Coindoo.com*

*The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.*

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**Author**
Reporter at Coindoo

Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
https://coindoo.com/crypto-market-proves-its-strength-after-major-selloff-analysts-say/