Crypto exchange HTX reinstates Bitcoin services after $30M hack
Bitcoin (BTC) deposits and withdrawals have returned to the Justin Sun-linked crypto exchange HTX, formerly Huobi, after it suffered a $30 million exploit on Nov. 22.In a Nov. 26 blog post, HTX said deposit and withdrawal functionality is back for multiple currencies, including BTC, Ether ...
Dutch exchange Bitvavo cleared to operate in France
Netherlands-based cryptocurrency exchange Bitvavo is set to expand its services to French users after successfully registering as a digital asset service provider with France’s Autorité des Marchés Financiers (AMF).The expansion into France comes just weeks after Bitvavo secured regulatory ...
Poloniex says hacker’s identity is confirmed, offers last bounty at $10M
Crypto exchange Poloniex recently posted a message to the hacker responsible for stealing over $100 million in digital assets from one of its wallets saying that they’ve identified the person and are giving the perpetrators a chance to return the assets in exchange for a $10 million bounty. ...
No CZ, no problem: Binance Blockchain Week showcases Turkish crypto industry
Binance Blockchain Week Istanbul 2023 saw global crypto exchange Binance bringing its flagship event to Turkey on Nov. 8–9, where business is conducted in the Turkish lira — a top trading pair on its platform. While Binance CEO Changpeng “CZ” Zhao was absent fr ...
Poloniex exchange suffers $100M exploit, offers 5% bounty
A crypto wallet belonging to the digital asset exchange Poloniex has experienced suspicious outflows, as seen on blockchain explorer Etherscan. Blockchain security firms believe that the company was breached, leading to as much as $100 million in crypto being drained by the attackers. ...
Bitcoin ETF launch could be delayed more than a month after SEC approval
With the United States Securities and Exchange Commission’s first window opening up for the approval of a spot Bitcoin ETF, analysts have noted that even if the SEC approves a spot Bitcoin (BTC) exchange-traded fund (ETF), it will be a month before the actual launch.The expected dela ...
Multiple buyers consider purchase and relaunch of ‘irreparable’ FTX
Lawyers handling the FTX bankruptcy case are considering offers that could eventually lead to a relaunch of the troubled exchange.At an Oct. 24 hearing of the United States Bankruptcy Court in the District of Delaware, Kevin Cofsky of Perella Weinberg Partners revealed he is negotiating wi ...
Kraken looking to ‘solve’ industry challenges amid layer-2 rumors
Crypto exchange Kraken neither confirmed nor denied rumors of the company’s plans to potentially release a layer-2 solution similar to what its competitor Coinbase did with Base network earlier this year. The rumors were fueled by reports citing anonymous sources and a job posting fro ...
Lazarus used ‘KANDYKORN’ malware in attempt to compromise exchange —Elastic
Lazarus Group used a new form of malware in an attempt to compromise a crypto exchange, according to an October 31 report from Elastic Security Labs. Elastic has named the new malware “KANDYKORN” and the loader program that loads it into memory “SUGARLOAD,” as the loader file has a novel “ ...
Bitget, Floki teams accuse each other of manipulation after token listing
The teams behind the Floki protocol and Bitget crypto exchange have accused each other of market manipulation after the protocol’s token, TokenFi (TOKEN), was listed and delisted by Bitget. This is according to an October 31 social media post from the Floki team and a blog post from Bitget. ...
No concerns over Bitcoin halving supply shock, says Bitvavo CEO
Supply and demand dynamics could mitigate concerns of a potential Bitcoin market supply shock during the upcoming mining reward halving in 2024, according to Bitvavo CEO Mark Nuvelstijn.The co-founder of the Netherlands-based cryptocurrency exchange weighed in on Bitcoin-related market mov ...
South Korean exchange Upbit gets initial license nod from Singapore
The Singapore entity for Upbit, South Korea’s largest exchange by volume, has been given in-principal approval for a Major Payment Institution (MPI) license in Singapore.On Oct. 16, Upbit Singapore said the Monetary Authority of Singapore (MAS) gave the in-principle license nod, allowing i ...
Taiwan to restrict unregistered, noncompliant foreign crypto exchanges
East Asian country Taiwan is reportedly planning to put restrictions on unregistered overseas crypto exchanges operating within its jurisdiction as a part of its incoming guidance for virtual asset service providers (VASPs). On Sept. 7, a local media outlet, the Central News Agency,&n ...
MetaMask launches feature to sell ETH for fiat
Cryptocurrency wallet MetaMask has announced the launch of a feature allowing users to sell Ether (ETH) for fiat currency.In a Sept. 5 post on X — formerly Twitter — MetaMask said users with crypto wallets connected to the platform’s Portfolio decentralized application wo ...
40% of crypto trading platforms are decentralized: World Federation of Exchanges
A report from the World Federation of Exchanges (WFE) noted that 40% of the crypto trading platforms are decentralized and make use of distributed ledger technology. On the other hand, the majority, or 60%, of platforms make use of Central Limit Order Books (CLOBs), quite similar to regulated exc ...
Swyftx launches ‘Earn and Learn’ — paying Aussies to learn about crypto scams
Australian crypto exchange Swyftx is launching a new “Earn and Learn” crypto education platform, aimed at rewarding its users for completing courses covering an array of crypto scams. The new educational platform will launch on Sept. 6 and comes amid heightened attention over crypto-r ...
No, Bitcoin withdraws from exchanges is not inherently bullish for crypto
Crypto analysts on X (the social media platform formerly known as Twitter) and YouTube interviews have been abuzz with talk about the trend of Bitcoin leaving centralized exchanges.On Aug. 29, the quantity of Bitcoin (BTC) held within exchanges saw a decline, reaching its lowest point sinc ...
Hong Kong securities regulator issues in-principle approval to HKVAX
Hong Kong’s Securities and Futures Commission (SFC) has issued an in-principle approval to Hong Kong Virtual Asset Exchange (HKVAX) to operate a virtual asset trading platform under the region’s securities laws. On Aug. 11, HKVAX announced that it had received an “approval-in-principl ...
Binance CEO reflects as exchange turns 6 — ‘It was never all smooth sailing’
Binance CEO Changpeng Zhao wrote a letter addressing the exchange’s users, reflecting on past crypto winters and laying out key trends shaping up within the industry as the company celebrates its sixth anniversary. Within the letter, Zhao highlighted some of the company’s ...
Bitcoin exchanges now hold the same BTC supply share as in late 2017
Bitcoin (BTC) held on exchanges is down to where it was at the 2017 BTC price all-time high, data confirms.Tracked by on-chain analytics firm Glassnode, the latest figures show less than 12% of the BTC supply now resides in exchange wallets.Analyst: BTC price “on the cusp of true price ...
Dubai crypto regulator suspends BitOasis crypto exchange license
Dubai’s cryptocurrency regulator has suspended the license of crypto exchange BitOasis for not meeting mandated conditions within the timeframes set out by the authority.On July 10, the Virtual Assets Regulatory Authority (VARA) issued two alerts saying its undertaken enforcement action ag ...
Rush for Hong Kong’s crypto licenses yet to translate to jobs: Recruiters
Crypto firms may appear to have been prepping entry to Hong Kong with unabated excitement, but it’s yet to translate into in-country hires, according to recruitment executives. On June 1, around 150 companies lined up for a local crypto license which permits the operation of a local crypto ...
Bitcoin ETF race begins: Has institutional trust returned to crypto?
With the Bitcoin (BTC) halving event less than a year away, several financial giants have filed applications for a spot Bitcoin exchange-traded fund (ETF) — a scenario last seen before the 2020 to 2021 bull run. Institutional interest in the sector dried up after major crypto giants s ...
Will BlackRock’s ETF slingshot Bitcoin’s price skyward?
Traditional financial firms finally believe that digital assets are here to stay. Or so one might conclude from the slew of announcements last week from some of the world’s premiere financial players.Among them is BlackRock — the world’s largest asset manager with $9 tril ...
Bitcoin miners send record $128M in revenue to exchanges
Bitcoin (BTC) miners are sending record amounts of BTC to centralized crypto exchanges.In a June 27 tweet, on-chain analytics platform Glassnode reported an all-time high in Bitcoin miner revenue sent to exchanges.Percent of miner revenue sent to exchanges. Source: GlassnodeIt noted ...
Binance Australia got 12 hours’ notice before it was debanked, says exec
In the middle of the night, Binance Australia’s team was suddenly told it would be “cut off” from Australia’s banking system. There was no prior warning, consultation or redress, the exchange’s regional manager Ben Rose has claimed.On May 18, Binance Australian announced its dollar service ...
Binance.US solves USD withdrawal issues but warns it won’t last long
U.S. crypto exchange Binance.US has informed customers it has resolved its U.S. dollar withdrawal issues after working with its banking partners but warns the relief may not last.The reportedly independent subsidiary of crypto exchange Binance told customers in a June 22 update that its sy ...
Don’t be mean to CEXs — Crypto relies on them
Blockchain technology will eventually establish a reliable framework for exchanging value, effectively decentralizing power and financial control. This vision represents a revolutionary paradigm shift that we should wholeheartedly embrace.However, there are certain factors that may hinder ...
Atomic Wallet hackers turn to OFAC-sanctioned Garantex: Elliptic
Illicit funds gained from the $35 million Atomic Wallet hack are on the move again, with sanctioned Russian-based crypto exchange Garantex reportedly becoming the latest to come in contact with the hacked crypto. On June 13, blockchain security and compliance firm Elliptic updated the ...
Binance CEO CZ responds as data points to billions in exchange outflows
While data suggests that crypto assets have been flowing out of centralized exchanges at an accelerated pace over the last week, Binance CEO Changpeng Zhao argues it may not be as bad as it appears. Leading analytics platforms such as Nansen and DefiLlama have all measured increased e ...
SEC charges against Binance and Coinbase are terrible for DeFi
The allegations against Binance and Coinbase by the U.S. Securities and Exchange Commission have substantial ramifications for the decentralized finance (DeFi) ecosystem, and they are far from positive. DeFi has developed as a promising area within the crypto industry, aiming to disrupt establish ...
US Justice Department charges two men in Mt. Gox hack
The United States Justice Department has unsealed charges against two men it says are responsible for the $400 million hack of former Bitcoin exchange Mt. Gox. According to the announcement, 43-year-old Alexey Bilyuchenko and 29-year-old Aleksandr Verner allegedly conspired to launder 647,00 ...
Crypto.com suspends US institutional exchange service
Crypto.com will no longer serve institutional clients in the United States after announcing the suspension of the service from June 21.The Singapore-based cryptocurrency exchange cited limited demand from institutional customers as a primary reason for the move which has been exacerbated b ...
Kevin O’Leary won’t rule out criminal charges for Binance
Kevin O’Leary said the Securities and Exchange Commission levied some “serious” allegations in the 136-page charging document the agency issued against Binance on June 5, telling Cointelegraph in an interview that he believes founder and CEO Changpeng Zhao is in a “tough&r ...
Paradigm slams SEC’s ‘incoherent’ attempt to police decentralized exchanges
Crypto venture capital firm Paradigm has slammed the United States Securities and Exchange Commission’s attempt to redefine the term “exchange” — which if accepted, would bring decentralized exchanges under its purview. On June 8, the firm sent a lengthy 14-pag ...
CEX trading volumes fell to 4-year lows even before Binance, Coinbase suits
Trading volumes on centralized exchanges have fallen to their lowest levels in more than four years amid mounting regulatory pressure from United States regulators and lawmakers.According to a June 7 report from crypto analytics firm CCData, combined spot and derivatives trading volume in ...
What asset freeze? Binance BTC outflows muted as users shun panic selling
Bitcoin (BTC) hitting three-month lows did not spur hodlers to panic sell, on-chain data shows.According to analytics firm Glassnode, BTC investors have largely ignored the latest crypto exchange legal battles.On-chain losses “remain quiet”BTC/USD dipped to just $ ...
Hong Kong’s regulatory lead sets it up to be major crypto hub
Hong Kong — officially the Hong Kong Special Administrative Region of the People’s Republic of China — is a city of over seven million residents on the eastern Pearl River Delta in South China. The city is known for being pro-innovation and technology, and over the past year, it ...
Don’t be surprised if AI tries to sabotage your crypto
As the world of cryptocurrency trading evolves, so does the technology supporting it. In recent years, we've seen a surge in AI tools like ChatGPT being integrated into various facets of the crypto landscape. This development, while exciting, is not without its drawbacks. A recent sur ...
Ethereum Withdrawals from Exchanges Reach Historic Lows, Indicating Bullish Sentiment
After the successful Shanghai update, Ethereum appreciated significantly and reached $2150. However, a month later, the coin has fallen in price by 14%. However, onchain indicators suggest that strategic investors may start to make bullish bets on ETH ETH is a native Ethereum blockchain token ...
Sei Labs Raises $30 Million in Funding Round for Blockchain Infrastructure
Sei Labs, a leading Tier 1 blockchain developer, has recently raised $30 million in its latest funding round, valuing the company at $800 million. Notable investors such as Jump Crypto, Distributed Global, Multicoin Capital, Asymmetric Capital Partners, Flow Traders, Hypersphere Ventures, and Bix ...
Bitcoin Rally Stalls as Miners and Exchanges Urge Caution
Bitcoin recently surged to test the $28,000 level once again, marking a nine-month high. Despite the bullish momentum, there are warning signs that suggest caution is needed, as the influx of BTC into exchanges and rising mining costs could impede further price gains. Miners can slow down ...
Shark Tank Host Kevin O’Leary Urges Cryptocurrency Exchanges to Collaborate with Regulators
In a recent interview on TraderTV Live's YouTube channel, Kevin O'Leary, the well-known venture capitalist and host of the popular show Shark Tank, emphasized the importance of closer cooperation between cryptocurrency exchanges and government regulators. According to O'Leary, US financial regula ...
