Fri, November 22

Fisco Sued Binance for Illegal Laundering Over $9M

Fisco representatives filed a complaint on Binance in the Northern California District Court for the stolen funds from Zaif seeking the return of over $9 million. In the 2018 hack, Fisco, the Japanese exchange has lost nearly $60 million worth of crypto. This includes some units of Bitcoin (5966), Bitcoin

September 15, 2020 2 mins read

Binance Uganda Delists the Exchange’s Own BNB token

Crypto exchange Binance Uganda announced that it will delist its native token Binance Coin (BNB) for not meeting the trading standards.  Binance Uganda, an East African crypto exchange that provides the most powerful fiat-to-crypto trading platform. Meanwhile, BNB is presently the 8th largest cryptocurrency with a total market capitalization of

September 9, 2020 1 min read

Hackers Stolen $1.6M Worth of Crypto from Eterbase

Eterbase, a European premier digital asset exchange in Slovakia. It has reported that hackers have stolen around 1.6 million from the exchange hot wallet. In addition, Eterbase is one of the top crypto exchanges providing top-class services to its users. In contrast, as per Coinmarketcap data, the current trading volume

September 8, 2020 1 min read

Seoul Police Seized South Korean’s Crypto Exchange Bithumb for Second Time

Seoul Metropolitan Police Agency’s Intelligent Crime Investigation Unit raided Bithumb for the second time in connection to the BXA token fraud allegations against its Chairman. Bithumb is the largest crypto asset exchange in South Korea. It has over 8 million registered users. One million mobile app users and the current

September 8, 2020 1 min read

Binance Leads its Way While BNB Still Undervalued

Analysis has illustrated that Binance’s native token, Binance Coin (BNB) is undervalued overall while Binance, the largest spot cryptocurrency exchange in the world still leads its way. BNB initially issued as an ERC-20 token on the Ethereum platform. The initial total supply of BNB was 200 million coins, but due

September 7, 2020 2 mins read

Seoul Police Seized South Korean’s Largest Crypto Exchange Bithumb

Bithumb, the largest cryptocurrency exchange in South Korea. It reportedly raided by Seoul Metropolitan Police Agency’s Intelligent Crime Investigation Unit, for a $25 million token sale on its platform. As per the report, the raid was connected to the Chairman of the Board at Bithumb Korea and Bithumb Holdings Lee

September 2, 2020 1 min read

South Korean Crypto Exchange Coinbit Seized for $84 M in Wash Trade Allegations

South Korea cryptocurrency exchange Coinbit seized by police for allegedly making false transactions to obtain 100 billion won ($84m). As per the report from Seoul Shinmun, South Korea’s oldest newspaper, police accused Coinbit Owner Choi Mo and other managers for handling multiple accounts, controlling cryptocurrency prices, and raising transaction volume. 

August 29, 2020 2 mins read

Russia’s Top Crypto Exchange Website was Blocked by Telecom Regulator

BestChange.ru, an aggregator of over-the-counter (OTC) cryptocurrency suppliers in Russia, is being blocked by the country’s internet censorship agency, Roskomnadzor. According to the popup announcement on BestChange.ru, the website is still available to the users through VPN or websites like BestChange.net. Website block announcement is made on local social media

August 27, 2020 1 min read

290 Hacks Have Robbed The Crypto Industry Over $13 Billion

According to blockchain security firm Slowmist, hackers have looted the crypto industry of more than $13 billion in 290 different hacks. As the crypto industry grows, the exploits seem to happen weekly either on an exchange, a blockchain, or a crypto wallet. The crypto users and investors must take precautions

August 26, 2020 1 min read

Bitmex Restricts Ontario Residents As Mandated By Candian Regulators

Bitmex, a cryptocurrency derivative exchange will restrict access to users from Ontario, Canada, starting from Sep. 1, 2020, restrictions are mandated by the Ontario Securities Commission (OSC). The Ontario Securities Commission (OSC), an independent Crown corporation,  responsible for regulating the capital markets in Ontario. OSC’s statement comes not long after

August 26, 2020 2 mins read