UPbit, a prominent South Korean cryptocurrency exchange, has reported a significant increase in hacking attempts during the first half of this year. According to data shared by the exchange’s operator, Dunamu, UPbit experienced 159,061 hacking attempts, marking a staggering 1,800% surge in attacks over the past three years. This highlights the growing risks faced by […]
Shiba Inu lead developer, Shytoshi Kusama, has responded to criticism from a community member about the lack of significant price change for the Shiba Inu token (SHIB) despite the team’s hard work. Kusama emphasized the importance of “true work” rather than unnecessary noise, stating that those who make the most noise are not necessarily the […]
In a surprising turn of events, the hacker responsible for stealing a large sum of Ethereum from HTX Global, formerly Huobi, has refunded the entire stolen amount for the white-hat bounty offered by the exchange. The breach occurred on Sept. 25, with the hacker stealing a total of 4,997 Ether (ETH) — valued at approximately […]
The Hong Kong government has formed a task force to monitor and investigate illegal activities related to virtual asset trading platforms. This move follows the JPEX crypto exchange scandal last month, which resulted in multiple arrests and the platform shutting down services. It is alleged that JPEX defrauded investors out of $204 million.The task force […]
The Securities and Futures Commission (SFC) of Hong Kong has teamed up with the Hong Kong Police Force (HKPF) to form a working group that aims to combat illegal activities on virtual asset trading platforms (VATPs). The group is composed of representatives from the SFC’s Enforcement Division and Intermediaries Division and HKPF’s Commercial Crime Bureau, […]
Lawmakers in Taiwan are reportedly aiming to push out a first draft of a special law by the end of November 2023, according to a report from the Block. Yung-Chang Chiang, an official in the Legislative Yuan of Taiwan, said in an interview that he intends for the first draft to be available for reading […]
Two co-founders of the defunct Singaporean hedge fund Three Arrows Capital (3AC) have been arrested and sentenced to four months in prison for failing to comply with a court order. 3AC, which managed more than $10 billion in digital assets prior to its collapse last June, has left creditors with over $3.5 billion in claims. […]
Ripple’s XRP is following a bullish path above the $0.50 pivot zone. A major rising channel is forming with support near $0.5140 on the 4-hour chart. The price could dip to $0.5140 before it marches higher and clears the $0.550 resistance.Earlier this week, the XRP price increased strongly from the $0.505 support zone. The price […]
Lennix Lai, the global chief commercial officer at crypto exchange OKX, recently spoke with Cointelegraph at the Blockchain Economy Summit in Dubai. He discussed the differences between working in traditional finance and crypto, how OKX handled the wave of exchanges implementing mandatory Know Your Customer (KYC) checks, and how the exchange navigates the rapidly changing […]
Hong Kong is making progress in allowing individual investors to trade cryptocurrencies, but retail stablecoin trading is not yet allowed. Christian Hui, the Secretary for Financial Services and the Treasury, recently stated that Hong Kong has not adopted regulations for stablecoins like Tether USDT and USD Coin USDC, meaning retail investors are not allowed to […]
