Thu, November 28

OKX DEX Faces Security Breach Resulting in $424,000 Stolen

Hackers stole over $424,000 from user accounts at the prominent OKX DEX earlier today in a big catastrophe. Wallets linked to the OKX decentralized exchange (DEX) were recently the targets of theft due to an exploit. A loss of more than $424,000 was caused by a suspected assault that included

December 13, 2023 1 min read

Binance’s Market Share Drops Amidst Recent Regulatory Woes

Spot market share for crypto exchange Binance has been falling over the last year due to the company’s involvement in a number of regulatory investigations that led to the exit of Binance’s CEO and founder, Changpeng Zhao (CZ). Based on data given by CCData, Binance’s market share as of December

December 12, 2023 1 min read

Defunct Crypto Exchange FTX Disputes U.S IRS’s $24 Billion Tax Claim

The defunct cryptocurrency exchange claims that any “meaningful recovery” intended for FTX victims will be swallowed up by the U.S Internal Revenue Service’s (IRS) planned $24 billion tax bill. Since May, the US tax authorities have been attempting to collect past due taxes from the defunct cryptocurrency exchange and its

December 12, 2023 1 min read

Conio and Coinbase Join Forces for Institutional Crypto Expansion in Italy

Poste Italiane and Banca Generali’s cryptocurrency wallet Conio have partnered with Coinbase, the businesses said on Monday, to provide Italian financial institutions with access to a diverse array of digital assets. With over 400,000 users, Conio is teaming up with Coinbase Prime to expand wallet support for as many as

December 11, 2023 2 mins read

Pension Fund M&G Invests $20M Into UK Crypto Derivatives Platform GFO-X

M&G Plc, an enormous London-based pension fund, recently invested $20 million into a British crypto derivatives trading platform, GFO-X. A cryptocurrency derivatives trading platform located in the United Kingdom, GFO-X, has received a $20 million investment from M&G Investments, the asset management division of pension behemoth M&G Plc. In the

December 11, 2023 2 mins read

HTX Exchange Sees $258M Outflows Post-Recovery from Exploits

Following its recovery from a devastating attack, the HTX exchange led by Tron Founder Justin Sun has seen unprecedented net outflows of $258 million. Trading volume of $1.6 billion per day placed HTX, previously known as Huobi, in the top 20 crypto exchanges according to this metric. From November 25th

December 11, 2023 1 min read

Defunct FTX and Alameda Research Transfer $23.49M Worth of Crypto

Cryptocurrencies valued at $23.59 million were transferred to leading crypto exchanges from wallets associated with the now-defunct FTX and Alameda Research over the course of four days. According to blockchain analytics company Spot On Chain, the insolvent organizations have moved $591 million in 59 different tokens since October 24. Nearly

December 9, 2023 1 min read

Cathie Wood Led Ark Invest Dumps Multiple Crypto Firms Shares

It was reported on December 8 that Ark Invest, which is managed by Cathie Wood, sold 335,860 shares of Coinbase (COIN) for $49 million. There were sales of 326,925 Coinbase shares by the ARK Innovation ETF (ARKK), 2,367 COIN shares by the ARK Next Generation Internet ETF (ARKW), and 6,568

December 9, 2023 1 min read

Kazakhstan Blocked 980 Unauthorized Crypto Exchanges This Year

Nearly a thousand cryptocurrency exchanges that were servicing Kazakh residents without the necessary authorization were blocked in 2023 by the country’s Financial Monitoring Agency (FMA). In 2023, the FMA blocked access to 980 illicit platforms, according to a news release issued on the government website on December 7. As for

December 8, 2023 1 min read

Robinhood Forays Into European Market Eyeing Rapid Expansion

The introduction of commission-free trading by Robinhood Markets Inc. is slated to radically alter the European cryptocurrency industry, according to Bloomberg’s announcement today. The platform is preparing to provide European investors access to more than 25 cryptocurrencies, after announcing its entry into the UK market. Importantly, this expansion falls in

December 7, 2023 1 min read