Sat, November 23

Binance and Bybit Secure Full Regulatory Approval in Kazakhstan

With complete approval in Kazakhstan, cryptocurrency exchanges Bybit and Binance are able to extend their worldwide reach. The approval from Kazakhstan’s financial watchdog brings them closer to its goal of becoming a regulated DATF. The digital asset exchange industry is in the midst of a fierce race to ensure that

September 6, 2024 2 mins read

WazirX Hacker Moves Another $12M in ETH to Tornado Cash

The cryptocurrency community is still reeling from the shock of the Indian crypto exchange WazirX hack that happened on July 18, 2024. With a staggering loss of around $230 million, this incident has become the largest cryptocurrency hack of the year. As the company works towards recovery, WazirX hackers have

September 5, 2024 2 mins read

Former Mt. Gox CEO to Launch New Crypto Exchange This Month

During an interview at the Korea Blockchain Week event in Seoul, South Korea, crypto entrepreneur Mark Karpeles—former CEO of Mt. Gox—said that he plans to launch his new cryptocurrency exchange later this month with an emphasis on transparency and user-friendliness. Using Poland as its hub, the soon-to-be platform EllipX will

September 4, 2024 2 mins read

Binance Launches BNSOL for Flexible, Secure Solana Staking

Binance, the global blockchain ecosystem that powers the world’s biggest crypto exchange by trading volume and users, has announced the imminent launch of its Solana Staking product, Binance SOL Staking, which will go live later this September. With Binance Staked SOL (BNSOL), users will be able to securely stake their Solana (SOL) tokens

September 3, 2024 3 mins read

Binance CEO Calls for Gambaryan’s Release Due to Inhuman Treatment

A new video circulating on social media platforms like X (formerly Twitter) shows disturbing footage of Tigran Gambaryan, Binance’s head of crime compliance, who is currently imprisoned in Nigeria. The video has sparked significant outrage and calls for his release, especially as his health reportedly worsens. This inhumane treatment of

September 3, 2024 1 min read

WazirX Exploiter Moves Funds As Platform Processes Fund Recovery

The WazirX exploit has been the talk of the community for the past two months. Having become the largest cryptocurrency hack in 2024, all eyes are set on the platform’s plans and actions for recovery. Meanwhile, the WazirX hack drew new attention in the market as exploiters made their first

September 3, 2024 2 mins read

Crypto Exchange Binance Burns 1.19B LUNC Tokens in 25th Burn Batch

After burning an additional 1.19 billion Terra Classic tokens, Binance’s LUNC burn totaled approximately $65 billion. In the midst of a wider crypto market selloff and discussions about validators violating chain rules, the price of Terra Classic token in spot and derivatives markets has not recovered this time. Binance, a

September 2, 2024 2 mins read

Nigerian Court Reschedules Trial of Detained Binance Executive

As the cryptocurrency sector anxiously awaits a verdict, the Nigerian court has rescheduled the trial of Tigran Gambaryan, a former US federal agent and executive of crypto exchange Binance, until September 2. Later afternoon, the most recent court hearing involving Gambaryan will begin. The executive of Binance was taken into

September 2, 2024 2 mins read

When Will WazirX Users Be Able to Access Their Funds?

Zettai Pte Ltd, the parent company of crypto exchange WazirX, held a town hall meeting today to address the ongoing restructuring process following a major $230 million (₹2000 crore) crypto hack. The company has announced that “it will take up to six months to complete this restructuring, during which users

September 2, 2024 2 mins read

FTX Faces SEC Objections Over Cryptocurrency Repayments

After the U.S. court’s order for FTX to pay $12.7 billion and repay creditors, the exchange is facing new challenges in its repayment efforts. The US Securities and Exchange Commission (SEC) has issued a warning against the bankrupt exchange’s strategy for repaying creditors.  The SEC’s latest filing suggests a “possible

September 2, 2024 2 mins read