Sat, October 31

CZ Clears Binance of Terraport Hack, Funds Traced to MEXC and KuCoin

Following a thorough review of the transactions related to the recent hack, it has been discovered that none of the stolen funds were deposited into Binance. However, CZ Changpeng Zhao said on Twitter that it had been found that a portion of the hacked funds was deposited into MEXC and

April 10, 2023 2 mins read

South Korean Centralized Crypto Exchange GDAC Reports $13.9 Million Hack

The GDAC cryptocurrency exchange in South Korea was hacked for around $13.9 million. According to an April 10 release from GDAC CEO Han Seunghwan, the exchange has paused all deposits and withdrawals while it performs emergency system work in reaction to the assault. The notification claims that the attacker got

April 10, 2023 1 min read

Will Binance Choose To Disclose Ownership To Avoid Another FTX Chaos?

In the wake of the FTX’s fall, most regulators and lawmakers worldwide are tightening their regulatory stance towards the crypto industry. Specifically, the US regulators — SEC, and CFTC – pulled in major crypto exchanges including Binance, Coinbase, and Kraken under their keen regulatory radar. Binance, the largest cryptocurrency exchange,

April 10, 2023 3 mins read

Justin Sun Led Huobi Global Records $30 Million Profit in Q1 2023

Tron founder and Huobi Global adviser Justin Sun said Monday that the company made $30 million in the first quarter. This development coincides with Justin Sun’s intention to apply for a Hong Kong license as a virtual asset service provider for Huobi. On April 10th, Justin Sun tweeted that Huobi

April 10, 2023 1 min read

Bybit to Accept ChainGPT Token Deposits on Spot Trading Platform

Bybit cryptocurrency exchange platform has announced that it will accept ChainGPT (CGPT) token deposits on April 10 at noon UTC. This is a significant step forward for ChainGPT. That aims to revolutionize machine learning and natural language processing within the cryptocurrency industry. 📷 $CGPT @Chain_GPT deposit is open on Bybit

April 10, 2023 2 mins read

Bybit Enables Margin Trading by Integrating StETH Into Its Unified Trading Account

Today, Bybit, the third-most visited cryptocurrency exchange in the world, finished integrating staked Ether (stETH) in preparation for Ethereum’s Shanghai upgrade. Users can use their ETH for margin trading and earn interest on it thanks to this ground-breaking innovation. Customers of Bybit can either buy stETH directly from the Spot market

April 10, 2023 1 min read

Binance Futures Issue Resolved, CZ Cites Server Issues As Reason

The largest cryptocurrency exchange in the world, Binance, reported that its “Futures users were experiencing some wide problems with the platform.” It stated that its team is attempting to find a solution and that users will receive updates as they become available. Changpeng Zhao (CZ), CEO of Binance, made the

April 10, 2023 1 min read

Binance U.S. Looking For a New Banking Partner

A recent tweet states that Binance’s U.S. division faces challenges finding a suitable new banking partner. The objective is to see a financial institution that can securely handle the cash deposits made by Binance users. Binance’s U.S. arm is actively searching for a new banking partner after the recent collapse

April 9, 2023 2 mins read

Crypto Exchange dYdX Announces Exiting Canadian Market

In preparation for leaving the Canadian market, cryptocurrency derivatives exchange dYdX has stated that it would be banning user accounts from Canadian residents from the next week. As part of “winding down services,” dYdX announced on April 7 that it will stop accepting new Canadian customers. On April 14th, all

April 8, 2023 1 min read

Robinhood Fined $10.2M Over Platform Glitch in March 2020

The California Department of Financial Protection and Innovation (DFPI) projected that Robinhood, the major fintech firm behind the cryptocurrency and stock trading platform, will pay more than $10 million in penalties. In March 2020, the global epidemic was at its peak. Robinhood experienced operational and technological problems that prevented many

April 7, 2023 2 mins read