Indonesian crypto exchange Indodax has incurred substantial financial losses up to $15 million due to a recent cyberattack. The site encountered a substantial capital outflow, amounting to around $15.7 million, distributed across other blockchain networks, such as Ethereum, Polygon, and Optimism. The misappropriated assets are currently stored in designated addresses throughout various networks, with Ethereum…
Binance’s subsidiary in Indonesia, Tokocrypto, has acquired the key crypto asset trader license in the country. Tokocrypto obtained the license from the Commidity Futures Trading Regulatory Agency (Bappebti). Binance CEO Richard Teng says the exchange will continue to support the Indonesia-based subsidiary. Binance subsidiary Tokocrypto has secured regulatory approval as a Physical Crypto Asset Trader…
Cryptocurrency exchange Binance has added a new product to its Binance Futures derivatives division. It is a USD-margined QUICK perpetual contract with leverage of up to 75x. Now that traders have more choices, the newly introduced product aims to enhance their trading processes. This product is to go live today, that is, around the time…
Binance, the world’s largest cryptocurrency exchange, has received consent to operate in Kazakhstan. According to the blog post on the website, Binance Kazakhstan is on its way to becoming the region’s first fully licensed crypto exchange. The Astana Financial Services Authority (AFSA) recently recognized the firm. Binance’s Kazakhstan Breakthrough Binance Kazakhstan passed through several external…
Mark Karpeles to launch EllipX crypto exchange in Europe. EllipX will comply with EU MiCA regulations, offering a crypto-only platform at launch. Former Mt. Gox users will get a 50% trading fee discount tied to NFTs as a goodwill gesture. Mark Karpeles, the former CEO of the infamous Mt. Gox exchange, is set to launch…
Your guide: OKX Restricted Countries The OKX exchange has become a major player in the world of cryptocurrency, which is changing very quickly. It serves people from all over the world. But OKX has to deal with a lot of different rules and laws in each country, just like any other financial platform that deals…
Exchange News A new video of Tigran Gambaryan’s declining health has sparked widespread outrage. Binance CEO Richard Teng calls Gambaryan’s treatment inhumane and demands his release. A new video circulating on social media platforms like X (formerly Twitter) shows disturbing footage of Tigran Gambaryan, Binance’s head of crime compliance, who is currently imprisoned in Nigeria….
WazirX is undergoing restructuring and plans to restore user access to funds over the next six months. Users can expect to receive between 55% and 57% of their funds back after covering restructuring costs. Zettai Pte Ltd, the parent company of crypto exchange WazirX, held a town hall meeting today to address the ongoing restructuring…
The SEC has issued a warning about FTX’s plans to use stablecoins and other crypto assets for creditor repayments. FTX’s bankruptcy costs have surpassed $800 million, showing the heavy financial toll. After the U.S. court’s order for FTX to pay $12.7 billion and repay creditors, the exchange is facing new challenges in its repayment efforts….
OKX Singapore, the leading cryptocurrency exchange platform, has hired Gracie Lim, a former MAS regulator, as the new CEO. This comes after OKX recently secured a full Major Payment Institution (MPI) license from the MAS. This step helps OKX enhance the provision of its services in Singapore. While also ensuring that they conform to the country’s regulations. OKX…
Crypto.com’s global expansion is built on Dubai’s regulatory framework. Crypto.com App enables users to trade over 250 cryptocurrencies. Crypto.com, a Singapore-based cryptocurrency exchange has launched global retail services, initially targeting users in the UAE. This move allows retail customers to buy, sell, and trade over 250 Cryptocurrencies via the crypto.com App. Additionally, the app offers…
Coinbase CEO Brian Armstrong reflects on the past decade of the cryptocurrency industry, highlighting his initial expectation that payments would be the primary application for crypto. Instead, trading became the dominant force. Looking ahead, Armstrong remains optimistic about the future of crypto payments, citing advancements in stablecoins, layer two technologies, and simpler onboarding processes as…
Celsius Network has paid over $2.53 billion to around 251,000 creditors as part of its bankruptcy proceedings. Most creditors are owed small amounts, with 64,000 owed under $100 and 41,000 between $100 and $1,000. About 121,000 creditors have yet to claim their distributions. Celsius Network’s bankruptcy proceedings have concluded. Celsius’ bankruptcy administrator distributed over $2.53…
Crypto exchange Bitpanda and trading platform CoinMENA have announced a strategic alliance aimed at bolstering the latter’s efficiency. CoinMENA has operational licenses from the Central Bank of Bahrain and the Dubai Virtual Asset Regulatory Authority (VARA). The platform’s strategic partnership with Bitpanda also seeks to boost the Middle East & North Africa focused crypto entity’s…
BRICS Founder Russia has unveiled plans to launch state-backed crypto exchanges with the Chinese Yuan and BRICS-pegged stablecoins to bypass US sanctions. The US sanctions have made The country find alternative payment methods to keep its economy afloat. The two cryptocurrency exchanges will operate in two different cities, one in Moscow and the other in…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Russia has revealed plans to establish two state-linked crypto exchanges, signaling a significant shift in its approach to international trade amid ongoing Western sanctions. According to the announcement, the two new cryptocurrency exchanges will operate in Russia’s two largest cities—Moscow and St. Petersburg. These exchanges will be state-affiliated, offering…
The forensic report confirms that the laptops used by WazirX’s team were not compromised during the $230 million cyberattack. The breach appears to link back to issues with WazirX’s partner, Liminal. On August 19, WazirX announced that its systems and laptops were “not compromised” in the $230 million cyberattack fallout on July 18. The announcement…
Poodlana listed on Raydium after concluding its $8 million presale. MEXC is the first major crypto exchange to add a new token pair POODL/USDT at 12pm UTC on August 19, 2024. Speculation is high about what major exchange will list POODL on August 23. Poodlana went live on the decentralized exchange (DEX) after its highly…
A particular investor in the BitConnect platform kidnapped two employees and extorted crypto for their release. The BitConnect collapse caused a loss of $2.4 billion for investors worldwide. Cryptocurrency scams persistent over the past decade, often resurface from previous years for several reasons. For instance, the recent Mt.Gox payment of funds caused a stir in…