Indian crypto exchange WazirX is planning to set up a poll to let customers vote on whether to reopen the platform for withdrawals, deposits, and trading. Co-founder Nischal Shetty mentioned that they are exploring various options to aid in the recovery. Additionally, WazirX is reaching out to projects related to the stolen tokens to get…
Binance, a leading cryptocurrency exchange, is updating its platform by adding new assets and removing some existing ones. These changes are important for crypto investors and enthusiasts, as they will affect the market. This article covers Binance’s recent updates, including new asset listings, loan options, and the removal of certain trading pairs, offering investors more…
The troubled crypto exchange Mt. Gox transferred another large amount of Bitcoin on Wednesday, following recent BTC and BCH transfers intended for creditor repayments. This indicates that Mt. Gox is likely to continue moving significant amounts of Bitcoin throughout the week. In parallel, Kraken has begun distributing Bitcoin that it received from the Mt. Gox…
Indian cryptocurrency exchange WazirX has introduced a $23 million bounty program to recover $230 million lost in a recent wallet breach. The breach impacted their multisig Ethereum wallet, causing significant losses and forcing the exchange to halt withdrawals and trading. To tackle this, WazirX is asking white hat hackers, blockchain experts, and cybersecurity professionals around…
The WazirX breach reveals vulnerabilities in multisig wallets, even with strong security measures. In one of the year’s biggest cyberattacks, the Indian cryptocurrency exchange lost over $230 million from a multisig wallet. WazirX reported that the attack targeted a multisig wallet using Liminal’s custody and wallet infrastructure since February 2023. The wallet had six signatories—one…
Indian crypto exchange WazirX has announced that it lost virtual assets valued at over $230 million due to a cyber attack, which is now linked to North Korea. Late Thursday update from WazirX, the attack specifically targeted one of WazirX’s multi-signature wallets, known as digi-cash lockers. These wallets are designed for enhanced security by requiring…
OKX, a leading cryptocurrency exchange, has announced its decision to withdraw from the Nigerian market, effective August 30. The move comes in response to significant regulatory changes in Nigeria. A spokesperson for OKX underscored the exchange’s commitment to adhering to local regulations in all jurisdictions where it operates. OKX Ceases Operations in Nigeria Amid Regulatory…
Toncoin (TON) is a leading cryptocurrency, ranking among the top 10 by market capitalization. Despite recent price corrections, TON remains robust, trading above $7. However, the token faces significant hurdles with exchange listings, being excluded from major platforms like Binance and Coinbase. This exclusion stems from regulatory issues in the U.S. market, making TON one…
The German government has begun selling off Bitcoin, transferring nearly 4,900 BTC to crypto market maker Cumberland and exchanges like Coinbase, Bitstamp, and Kraken. This latest move brings the total amount of Bitcoin sold today to over 4,837 BTC. The massive selloff has contributed to Bitcoin’s price dropping to $53,000 and is likely to keep…
Bitget, a leading global cryptocurrency exchange and web3 company, is excited to announce that its native token, Bitget Token (BGB), is now available for futures trading on their platform. The first BGB perpetual futures, BGBUSDT-M, will be live on July 8, 2024, with a maximum leverage of 50x. BGB, launched in July 2021 with a…
Binance will delist BOND, DOCK, MDX, and POLS on July 22, 2024. Deposits and withdrawals for these altcoins will end on specific dates before then. Users are advised to close their positions or transfer their assets to avoid any losses. Binance, one of the world’s top cryptocurrency exchanges, has announced that it will remove BarnBridge…
The collapsed exchange has begun repaying its debts to creditors through select crypto exchanges, following the Rehabilitation Plan. Mt. Gox, the failed crypto exchange, has started paying back its debts in Bitcoin (BTC) and Bitcoin Cash (BCH). Mt. Gox Begins Repayments to Creditors Repayments are being made to some rehabilitation creditors via designated crypto exchanges…
Coinbase, a publicly traded crypto exchange, has filed two civil lawsuits against the U.S. Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) through an intermediary. Coinbase is asking for access to documents that might explain how the regulators decided which crypto tokens to classify as securities. Coinbase Sues SEC and FDIC…
Bithumb has listed a new altcoin, CORE, for trading. Deposits for CORE will begin on June 24, 2024, at 09:00 Turkey time. CORE aims to establish a robust Web3.0 infrastructure. Today, South Korea’s top cryptocurrency platform Bithumb announced the listing of a new altcoin project named CORE. Users can now trade CORE using South Korean…
On Thursday, a federal judge handed down a 25-year prison sentence to Sam Bankman-Fried, who served as the former CEO of FTX. The judge cited Bankman-Fried’s “apparent lack of remorse,” his tendency to be “exceptionally flexible with the truth,” and the audacity of his fraudulent actions. US District Court Judge Lewis Kaplan sentenced Sam Bankman-Fried…
KuCoin has officially announced its support for Manta Network on its trading platform. The deposit feature for MANTA tokens will be available from January 18, with trading scheduled to commence shortly, paired with USDT. Notably, the project is led by a team of experienced entrepreneurs with connections to prestigious institutions like Harvard, MIT, and Algorand….
Upbit Singapore has received initial approval from the central bank and financial regulator of the country for a cryptocurrency license that allows them to operate locally. The Singapore division of Upbit, which is South Korea’s largest exchange in terms of trading volume, has received initial approval for a Major Payment Institution (MPI) license in Singapore….
Crypto firms like Binance, OKX, and MoonPay are working to follow the United Kingdom’s new financial promotion regulations. The UK’s Financial Conduct Authority (FCA) introduced these regulations on October 8 to ensure that crypto promotions are fair, transparent, and clean. Binance has launched a new domain for UK users and partnered with a local lending…
On October 6, 2023, Binance News unveiled a UK-specific domain in compliance with the Financial Conduct Authority (FCA) regulations. Starting October 6, 2023, Binance introduced a dedicated UK domain, binance.com/en-GB, exclusively serving UK-based clients. This move aligns with the Financial Conduct Authority (FCA) regulations, specifically the updated Financial Promotions Regime. Binance’s collaboration with Rebuildingsociety.com Limited…
A class-action lawsuit has been initiated by a resident of California named Nir Lahav against Binance and its CEO, CZ. The lawsuit alleges that Binance and CZ violated legal statutes by allegedly engaging in actions that harmed their competitor, FTX, in what is believed to be an attempt to establish a monopoly within the cryptocurrency…