FTX, a once-prominent crypto exchange, has been the victim of a cybersecurity breach. The breach, reported on Friday, has led to the compromise of non-sensitive customer data belonging to specific claimants. FTX has reassured its customers that its own account passwords, systems, and funds have not been compromised.Kroll, the claims agent working on the bankruptcy […]
FTX and BlockFi have recently been targeted in a phishing scheme as a result of a security breach of their bankruptcy case claims agent, Kroll. Kroll is in the process of notifying affected individuals and providing guidance on how to protect themselves. FTX has stated that their account passwords and systems remain uncompromised.BlockFi has also […]
The US government is proposing a new set of rules for the taxation of cryptocurrency transactions. The public has until October 30 to submit comments and there will be public hearings on November 7 and 8. The industry may be concerned about the treatment of decentralized exchanges, which could be subject to the reporting requirement […]
The US Securities and Exchange Commission (SEC) has been known for its continued crackdown on the crypto industry over the last few years. Charles Hoskinson, the founder of Cardano, believes that the agency’s actions are politically motivated. He believes that the regulator is trying to save face in the wake of the fall of disgraced […]
HashKey, a cryptocurrency exchange based in Asia, is set to launch Bitcoin and Ethereum trading services for Hong Kong’s retail customers on August 28. Weng Xiaoqi, the chief operating officer of HashKey Group, revealed the company’s strategic direction during a media briefing.The exchange will deploy an investor grading system to tailor investment experiences for newcomers, […]
Bitcoin supply on exchanges has dropped to its lowest level in six years, according to crypto analytics platform Santiment. On-chain data shows that only 5.8% of the total BTC supply is currently sitting on trading platforms.The low level of BTC supply on exchanges indicates that investors have not regained their trust in centralized platforms, and […]
XRP has been struggling to maintain its upward momentum following Judge Torres’ summary judgment that XRP is not a security. This has caused investors to sell off their holdings, and a large whale has moved 29 million XRP, valued at over $15 million, to a crypto exchange. This has caused the XRP price to decline […]
Magnate Finance, a cryptocurrency platform with a Total Value Locked (TVL) of $6.4 million on Base, has come under scrutiny following allegations of an exit scam. On-chain analyst ZachXBT highlighted potential red flags, such as the discovery that Magnate Finance’s deployer address had been directly linked to a $4.8 million rug pull executed by a […]
TOKEN2049, Asia’s premier Web3 and crypto conference, has announced an international DJ line-up for AFTER 2049, the official closing event of its upcoming Singapore edition. The event will take place on Friday, 15 September at the 57th floor of Singapore’s iconic Marina Bay Sands building.Headlined by award-winning DJ and producer Shimza, house icon Enzo Siffredi […]
Bitcoin (BTC) has seen a drastic drop in its price below $26,000, losing all of Wednesday’s price gain amidst the declines in traditional markets. Ethereum (ETH) has seen a 0.88% decrease in the last 24 hours but up to 3% drop from Wednesday’s high.Traditional assets are also caught in the sudden turbulent market; the equity […]
