Wed, November 27

OKX Hit by Major Outflows Amid Security Breach Rumors

OKX, one of the leading cryptocurrency exchanges, is currently facing capital outflows amid recent rumors of security breaches. Data from Defillama reveals that OKX has seen outflows of over $204 million in the past 24 hours and $633 million over the past week, surpassing the outflows of other exchanges. In

June 11, 2024 2 mins read

Alameda Research Transfers $12M in Crypto Amid FTX Creditor Pushback

Two wallets associated with Alameda Research, the sister trading firm of the now-bankrupt FTX exchange, recently transferred a total of $12 million worth of cryptocurrency. On June 11, PeckShield notably reported that an Alameda Research address transferred 5,000 vBTC, worth over $2 million, to the algorithmic trading firm Wintermute. Additionally,

June 11, 2024 2 mins read

UK Crypto Exchange Lykke Suspends Trading Post $22 Million Exploit

Following what seems to be the theft of $22 million in a cyberattack, UK-based crypto exchange Lykke has decided to cease its trading services. The security precautions put in place by crypto exchanges are called into question by this upheaval in the crypto sector. After the well-known web investigator SomaXBT

June 11, 2024 1 min read

Robinhood CEO Envisions Fusion of AI and Mathematical Reasoning

Harmonic, a latest artificial intelligence protocol, was unveiled on Monday by Vlad Tenev, Robinhood’s CEO and co-founder. The new protocol seems to be an initiative by a commercial artificial intelligence research group working on Mathematical Superintelligence (MSI), as described by Tenev. Artificial intelligence and mathematical reasoning were used to create

June 10, 2024 2 mins read

Binance CEO Highlights Shift in Crypto Market, Eyes One Billion Users

In a recent interview, Binance CEO Richard Teng said that the “early majority” has replaced the “early adopters” as the dominant demographic in the cryptocurrency market. In response to a request for opinion about the company’s announcement on June 8, which marked the achievement of 200 million registered users globally,

June 10, 2024 2 mins read

Binance Reaches 200 Million Users as Crypto Adoption and Web3 Soar

Binance, a cryptocurrency exchange, revealed that its user base has reached 200 million people throughout the world. With the price of Bitcoin and altcoins reaching new highs, web3 use has been soaring, and this milestone follows on the heels of that. Despite regulatory challenges in some locations, Binance continues to

June 9, 2024 2 mins read

Mastercard Crypto Payment Resumes on Binance Post 10-month Halt

Crypto Exchange Binance, has removed a restriction that had been in place for 10 months that prevented users from using Mastercard to buy cryptocurrencies. With this change, Mastercard holders may freely buy digital assets using their cards. In August 2023, Binance users were no longer able to utilize Mastercard. Binance

June 6, 2024 2 mins read

Coinbase Launches Smart Wallet to Boost On-Chain Transactions

Coinbase, a crypto exchange, has unveiled its smart wallet to consumers, along with other benefits, with the intention of smoothly onboarding new users. This follows other developments in the crypto sector that aim to improve compatibility, security, and speed. Today, Coinbase finally announced their smart wallet, which is supposed to

June 5, 2024 1 min read

Japanese Crypto Exchange DMM Bitcoin to Invest $321 Million in Bitcoin

The largest Japanese crypto exchange, DMM Bitcoin, made an official statement on Wednesday that it will raise 50 billion Yen to buy Bitcoin. The Bitcoin purchase worth $321 million is to reprimand customer losses over the recent security breach according to Bloomberg reports.  On June 3, DMM Bitcoin reported a

June 5, 2024 2 mins read