Upbit, the biggest crypto exchange in South Korea, has suffered a significant security breach, sending shockwaves. This comes after the trading platform found earlier on Sunday that a fraudulent deposit had been made using a crypto that was mistaken for the real Aptos (APT) token. Korea-based media site “Web 3
September 24, 2023 1 min read
The algorithmic stablecoin, earlier known as UST Terra Classic USD (USTC), has recently had its minting and reminting halted by the Terra LUNA Classic (LUNC) community. The de-pegging of the UST posed a difficult choice for the community of Terra Classic. A proposal to end the USTC-LUNA swapping mechanism was
September 24, 2023 1 min read
One of Nansen’s third-party suppliers had a security incident that affected 6.8% of its users, the firm said on twitter. Nansen claims that hackers gained administrative access to an account that was used to “provision customer access” to its platform as a result of the breach. 🚨 Important update from
September 22, 2023 1 min read
Despite the strict crypto regulatory atmosphere in the U.S, major European crypto asset management firm CoinShares is opening a hedge fund division. The company made the announcement on September 22, saying it will begin selling its services to accredited investors in the United States for the first time. In order
September 22, 2023 1 min read
Near Foundation’s CEO and developer of the layer-1 protocol, Marieke Flament, has stepped down. On September 21st, Near Foundation announced that general counsel Chris Donovan will succeed Flament as CEO. Flament did not provide a detailed explanation for why she was leaving. Until the end of the year, Flament will
September 21, 2023 1 min read
Due to the ongoing scrutiny by U.S. authorities and strict regulatory restrictions, investment firm Galaxy Digital is moving deeper into Europe. In light of the MiCA crypto legislation, Galaxy Digital has hired a former executive from crypto broker Genesis to lead its European operations and pursue development prospects in the
September 21, 2023 1 min read
Standard Chartered’s crypto-arm, Zodia Custody, intends to provide payouts on cryptocurrency assets for its customers. In order to provide investors with the opportunity to earn yield while taking use of the advantages of blockchain technology. The cryptocurrency custodian has collaborated with OpenEden to provide the “Zodia Custody Yield” service. According
September 21, 2023 1 min read
According to a Bloomberg report, the Stanford University in California has said that it intends to refund all funds it received from the bankrupt crypto exchange FTX. Between November 2021 and May 2022, FTX-affiliated firms gave Stanford a total of $5.5 million. A university representative stated: “We have been in
September 20, 2023 1 min read
Changpeng Zhao (CZ), CEO of Binance, has responded to the concerns around Ceffu by dismissing reports that Binance’s U.S. branch is affiliated with Ceffu. Ceffu was originally known as Binance Custody, and the continuing dispute between the United States SEC and Binance-affiliated entities, especially Binance U.S, over their apparent relationship
September 19, 2023 2 mins read
The Bitcoin mining firm Hut 8 in Canada is merging with US Bitcoin (USBTC). A new organization that will have major effects on Bitcoin mining and high-performance computers has been given the go light by the Supreme Court of British Columbia. The merger, which was announced in February 2023, was
September 18, 2023 2 mins read
