Decentralized Exchange dYdX Implements Risk Mitigation Measures After $9 Million Insurance Fund Loss

Decentralized crypto exchange dYdX has implemented new measures to address trading-related risks after losing $9 million from its insurance fund. The exchange has increased margin requirements on certain less liquid markets, affecting tokens such as Eos, 0x Protocol, Aave, Algorand, Internet Computer, Monero, Tezos, Zcash, SushiSwap, THORChain, Synthetix, Enjin, 1inch Network, Celo, Yearn.finance, and Uma. […]

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Cryptocurrency Exchange Dasset Enters Liquidation, Customers Unable to Access Funds

In a surprising turn of events, Dasset, a well-established cryptocurrency exchange based in New Zealand, has announced that it is entering into liquidation. This decision comes as a blow to the exchange’s customers, who are currently unable to access their funds. Reports indicate that some customers have been experiencing difficulties withdrawing their funds for several […]

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Poloniex Identifies Hacker and Offers $10 Million Reward to Recover Stolen Funds

Poloniex, a cryptocurrency exchange, has identified the hacker responsible for stealing $120 million and is offering a $10 million reward for the return of the funds. The majority shareholder of Poloniex, Justin Sun, sent messages on the Ethereum network to the hacker’s addresses, warning them to return the stolen funds or face legal action. The […]

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Decentralized Exchange dYdX Pays $9 Million in User Liquidations Following Targeted Attack

On November 17, decentralized exchange dYdX experienced a significant loss of $9 million in user liquidations. The founder of dYdX, Antonio Juliano, believes that this was a targeted attack against the exchange. The incident occurred in the midst of a 43% decline in the Yearn.Finance (YFI) token, which raised concerns about a potential exit scam. […]

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Former Bithumb Chairman Faces Eight-Year Prison Sentence in Cryptocurrency Exchange Governance Scandal

Lee Jeong-hoon, the former chairman of Bithumb, a major cryptocurrency exchange in South Korea, is currently facing a legal battle that could result in an eight-year prison sentence. Prosecutors allege that Lee intended to manipulate Bithumb’s governance to benefit from exchange coins, bypassing financial regulations. They claim that Lee received payments without disclosing the decision […]

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WisdomTree Submits Amended Prospectus for Bitcoin ETF to SEC

Asset manager WisdomTree has submitted an amended Form S-1 prospectus to the SEC for a spot bitcoin exchange-traded fund (ETF). The proposed WisdomTree Bitcoin Trust would trade on the CBOE BZX Exchange under the ticker BTCW, with Coinbase Custody Trust serving as the custodian. Despite ongoing discussions with the SEC, WisdomTree remains committed to launching […]

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Former Bithumb Chairman Faces Eight-Year Prison Sentence in $85 Million Fraud Case

In a high-profile case in South Korea’s cryptocurrency market, prosecutors have requested an eight-year prison term for Lee Jung-hoon, the former chairman of Bithumb, the country’s second-largest crypto exchange. The appeal hearing, presided over by Judge Seo Seung-ryeol of the Seoul High Court, focuses on allegations of an $85 million fraud related to the failed […]

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BlackRock Files Registration Statement for Ethereum ETF with SEC

The Securities and Exchange Commission (SEC) has received a registration statement from BlackRock for an exchange-traded fund (ETF) that will hold ETH, the native token of the Ethereum network. The iShares Ethereum Trust, structured as a Delaware statutory trust, will hold ETH as its primary asset and issue shares to investors that will be listed […]

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BlackRock Files for Ethereum ETF with SEC, Boosts Ether Price

BlackRock, the world’s leading asset management firm, has officially filed an application with the U.S. Securities and Exchange Commission (SEC) to create an Ethereum spot exchange-traded fund (ETF). The ETF, called iShares Ethereum Trust, aims to track the price performance of Ethereum. This move marks a significant step for BlackRock in expanding its ETF range. […]

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