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Coinbase Transparency Report: Law Enforcement Requests Tripled in Three Years
1.12.2023
Image Source: Pixabay Coinbase has revealed a significant increase in law enforcement requests over the past years in its latest transparency report. According to the report, the number of requests received by Coinbase this year has tripled compared to 2020. Out of the 13,079 requests...
Hacker Demands Full Control Over Kyber in Wake of $47M Breach, Offers Executives Buyout and Staff Severance
30.11.2023
A cybercriminal, who has been actively communicating with Kyberswap, issued a new onchain directive, this time insisting on “complete executive control over Kyber (the company).” This captivating onchain communication to the Kyberswap crew comes after the hacker’s initial request...
Binance Rolls Out Third-Party Banking Agreement to Reduce Counterparty Risk
30.11.2023
Binance has announced the world’s first cryptocurrency triparty arrangement with a third-party banking partner, according to a press release put out by the crypto exchange Wednesday. Off-exchange collateral The agreement gives customers the option of keeping their collateral off-exchange with...
Court Approves FTX Estate’s Sale of $870M in Grayscale and Bitwise Shares Amid Surging Claim Transfers
30.11.2023
The Delaware District’s U.S. Bankruptcy Court has greenlit the FTX estate’s disposal of trust assets. This sanction, issued on November 29, 2023, paves the way for the beleaguered crypto exchange to offload investments in several funds, including Grayscale and Bitwise stakes....
Bitget Unveils Instant Lira-to-Crypto Conversions, Streamlining Turkish Market
30.11.2023
Source: Adobe / Husamex Bitget – a global crypto exchange and Web3 firm – has launched support for instant Lira to crypto conversions to streamline access to digital assets for Turkish consumers. Using the “easy buy and sell” feature, Turkish customers can now deposit TRY to Bitget directly from...
KyberSwap Director Demands Executive Control and Asset Surrender in Bold Negotiation Terms
30.11.2023
Kyber Director demands company takeover and assets after the attack. Image by Катерина Євтехова, Adobe Stock. The anonymous attacker behind the recent $47 million exploit of the decentralized crypto exchange KyberSwap has outlined bold demands in proposed negotiation terms made public on November...
Report: Operator of South Korean Crypto Exchange Upbit Sees a Nearly 40% Drop in Operating Profit
30.11.2023
Dunamu, the operator of the South Korean crypto exchange Upbit, recently said it had realized an operating profit amounting to $79 million in the third quarter of 2023. Virtual asset valuation losses contributed to the 81.6% drop in the operator’s net profit for the period. Operating Profit...
Philippines Securities Regulator Says Binance Is Operating Without a License
30.11.2023
Crypto exchange Binance is not a registered corporation in the Philippines hence its activities in the country are not above board, the Asian country’s securities regulator has said. The regulator warned of a possible jail term for individuals found enabling Binance’s activities in...
Hacker Seeks Civility in $47 Million Kyberswap Heist, Demands Friendly Negotiations
30.11.2023
In the wake of Kyberswap, a decentralized exchange (dex) platform, suffering a $47 million loss due to a cyberattack, the perpetrator indicated a readiness to engage in negotiations. Yet, despite expressing an openness to resolution, the hacker lamented encountering primarily “received (mostly)...
Turkish Crypto Exchange Associated with Hull City Sponsorship at Center of Fraud Scandal
30.11.2023
Source: Adobe / Husamex The owner of the cryptocurrency exchange Tomya, which sponsors the sports team of the famous television producer Acun Ilıcalı, Hull City, Yavuz Usta, and economist Ece Pulaş, have been arrested as part of an investigation conducted by the Istanbul Büyükçekmece Public...
Upbit Crypto Exchange Operator Dunamu Suffers 82% Drop in Profits
30.11.2023
Source: piter2121/Adobe Dunamu, the South Korean operator of the Upbit crypto exchange, has seen year-on-year profits fall by a staggering 82% in the third quarter of FY2023. The South Korean media outlet Business Post reported that Dunamu published its financial report for the third quarter...
Crypto exchange FTX gets nod to sell $873M of assets to repay creditors
30.11.2023
Nearly $700 million of the $873 million trust assets allowed to be sold by FTX comes from Grayscale’s flagship product, the Grayscale Bitcoin Trust, or GBTC
Coinbase Stock Outperforms Bitcoin and Ethereum: What’s Behind the Surge?
29.11.2023
Source: Adobe / piter2121 Shares of the crypto exchange Coinbase with the ticker COIN are surging in the stock market, currently trading at $128.27, the highest level seen in 2023. The current stock price surpasses the previous peak of $110.15 from July and aligns with price levels from May 2022...
Hull City Sponsor Tomya Crypto Exchange Embroiled in Turkey Fraud Scandal
29.11.2023
The owner of Tomya was among 25 people detained in Turkey as the country prepares new crypto legislation
Soccer Superstar Cristiano Ronaldo Sued for Promoting Binance Crypto Exchange – Here’s the Latest
29.11.2023
Image Source: Pixabay Soccer superstar Cristiano Ronaldo is facing a proposed class-action lawsuit for promoting crypto exchange Binance. The lawsuit, filed on November 27 in a United States district court in Florida, asserts that Ronaldo played a role in the sale of unregistered securities...
Troubled Crypto Exchange Zipmex Proposes to Pay Creditors 3.35 Cents on the Dollar: Bloomberg
29.11.2023
The Singapore-based firm has proposed to pay creditors 3.35 cents on the dollar in its latest restructuring plan, according to Bloomberg, which cites people familiar with the matter
Zipmex Proposes Repayment of 3.35 Cents Per Dollar to Creditors in Latest Restructuring Plan
29.11.2023
Source: Zipmex Zipmex has put forward a new proposal to repay creditors, initially offering 3.35 cents for each dollar of their claims as part of its restructuring efforts, according to Bloomberg. This initial payout is part of a broader plan to address the crypto exchange’s $97.1 million...
Future of business through the synthesis of blockchain technology, data and AI
28.11.2023
AI and blockchain are emerging technologies and have a very bright future. Both of them are at the cutting edge of innovation
CZ Resigns as Chairman of Binance US, Signaling Strategic Shift
28.11.2023
On Tuesday, Binance US, the American branch of Binance.com, revealed that Changpeng Zhao (CZ), its former CEO, has relinquished his position as chairman of the board with immediate effect. The announcement emphasized that Binance US is fully functional and operates independently from Binance.com....
TRM Labs Partners With Aussie Crypto Exchange Swyftx to Combat Scams
28.11.2023
Blockchain analytics firm TRM Labs has partnered with Australian cryptocurrency exchange Swyftx in an effort to combat scams in the nation