Thu, November 21

US Judge Spares Former FTX Exec Gary Wang from Prison Time

The trading platforms fraud case against Gary Wang, a former senior executive of the now-defunct FTX exchange, will not result in a prison sentence. Judge Lewis Kaplan of the United States District Court issued an unusually lenient ruling in Manhattan Federal Court. Wang had already entered a guilty plea for

14 hours ago 2 mins read

Polter Finance Loses Over $7 Million in Crypto Hack on Fantom Blockchain

Polter Finance, a platform that lets people borrow and lend cryptocurrency caught into a Crypto hack on November 18, 2024, and over $7 million was stolen. How the Crypto Hack has Happened The hacker used TornadoCash, which lets people send cryptocurrency. Which is to hide where the stolen funds came

November 18, 2024 2 mins read

Binance’s CZ Meets with Arthur Hayes To Reshape the Crypto Future

How Could This Meeting Shape the Future of Crypto? Two major figures in the crypto world, Changpeng Zhao (CZ) from Binance and Arthur Hayes from BitMEX, met to talk about the future of cryptocurrency at the Binance event. Both have played big roles in shaping the industry and faced their

November 14, 2024 2 mins read

Crypto.com Acquires Fintek Securities to Expand Financial Services

Crypto.com has announced the acquisition of Fintek Securities Pty Ltd., a brokerage service regulated by the Australian Securities and Investments Commission (ASIC). This acquisition, revealed on November 14, 2024, allows Crypto.com to offer a wider range of financial services to eligible users in Australia. Today we’re proud to announce the

November 14, 2024 2 mins read

Indian Authorities Arrest Key Suspect in WazirX Crypto Hack

The arrest of SK Masud Alam, a resident of West Bengal, by the Delhi Police in relation to the ₹2,000 crore hack on cryptocurrency exchange WazirX is a significant development. Allegedly, Alam used a phony account to launch the assault, which sought to compromise both the hot and cold wallets

November 14, 2024 2 mins read

Bybit Sees 61% Surge in Monthly Futures Trading Volume, Reaches $639B

Bybit, the second-biggest cryptocurrency exchange globally in terms of trading volume, has solidified its position as a significant force in the derivatives market. Between September and October, Bybit’s futures trading volume saw a phenomenal 61% increase. According to a recent report from Wu Blockchain, the monthly trading volume of this top

November 12, 2024 2 mins read

Binance Surpasses $5 Billion in November Inflows, Hits Record $130B in User Assets

According to statistics provided by DeFiLlama, Binance, which is the leading blockchain ecosystem in the world and the biggest cryptocurrency exchange in terms of trading volume and users, has achieved two consecutive billion-dollar inflow weeks. This brings the total amount of net inflows for the month of November to more than

November 12, 2024 2 mins read

Binance Awarded Asia’s Top FinTech Innovator of 2024 by Fortune

Fortune Asia’s first 2024 Asia FinTech Innovators list honors Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider. Binance’s number 1 ranking in the Blockchain and Crypto category highlights its position as a leader in the quickly evolving world of digital assets. Fortune’s 2024 Asia FinTech Innovators list honors 60 of the

November 8, 2024 2 mins read

Binance Research’s November 2024 Report Highlights Crypto Market Resilience

Binance Research’s November 2024 Monthly Insights report looks at important performance factors and current developments in the cryptocurrency sector. The overall market capitalization of cryptocurrencies increased by 2.8% in October 2024, mostly as a result of robust BTC inflows brought on by spot ETF activity and positive U.S. employment statistics.

November 7, 2024 3 mins read

WazirX Plans Launching Recovery Token to Compensate Creditors

After suffering a $230 million breach, cryptocurrency exchange WazirX intends to launch a Recovery Token to pay off creditors. According to the official announcement, creditors will have a concrete way to get their money back since the token would be airdropped to them based on their platform balance. The India-based

November 6, 2024 2 mins read