After years of waiting, creditors of the defunct Mt. Gox exchange are finally seeing progress in the form of returned digital assets. Bitstamp, along with other exchanges like Kraken, has begun the process of distributing Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH) to users affected by the infamous 2014 hack that led to Mt.
Exchanges
The recent security breach at India-based centralized exchange WazirX has sent shockwaves throughout the cryptocurrency community. The exchange lost nearly half of its assets, amounting to over $230 million in user funds. The co-founder, Nischal Shetty, has been actively seeking partnerships to restore full operations and recover the stolen funds. This incident serves as a
The crypto industry is closely watching the possibility of a second term for former President Donald Trump due to his promise to end President Joe Biden’s crackdown on cryptocurrencies. With Trump’s odds of winning the U.S. elections on the rise, many in the industry are optimistic about the potential changes that could come with his
The recent hack of India-based crypto exchange WazirX has sent shockwaves throughout the cryptocurrency community. However, multiparty computation (MPC) wallet provider Liminal has stepped forward to clarify that its infrastructure was not compromised in the attack. According to Liminal’s post-mortem report on July 19, the breach was attributed to compromised devices within WazirX’s network, absolving
Recently, a US court has given Binance US the green light to invest certain customer fiat funds, which are currently being held at BitGo, in US Treasury Bills. The exchange sought approval to invest approximately $40 million in $10 million increments over a four-week period. These investments will take place through a trading account on
Crypto exchange OKX recently announced its decision to select Malta as its Market in Crypto-Assets (MiCA) hub. This move is aimed at serving the 450 million EU residents by offering services in compliance with local regulations. OKX highlighted that this strategic x move will enable them to provide spot trading, including EUR and USDC pairs,
Recently, the blockchain security firm Cyvers Alert made a shocking revelation regarding the Indian exchange WazirX. According to their findings, WazirX was exploited for approximately $235 million. This exploitation involved suspicious transactions from WazirX’s Safe Multisig wallet on the ETH network, totaling $234.9 million. The caller of each transaction was funded by Tornado Cash, raising
Crypto exchange OKX recently notified its Nigerian clients that they have until Aug. 16 to close their positions as it is ceasing operations in the country due to local regulations. In a statement obtained by CryptoSlate, OKX stated that users will no longer be able to open new positions or access any services on the
Russia’s Ministry of Finance recently put forward a proposal to permit traditional exchanges to facilitate digital asset trading for specific investors. This move aims to create specialized regulations for organized trading in digital currencies, treating them as commodities and requiring an exchange or trading system license. The proposal is limited to a select group of
During a recent hearing, Judge Katherine Polk Failla expressed her disapproval of Coinbase’s attempts to subpoena SEC chair Gary Gensler in the ongoing case against the firm. Failla criticized the company’s request for Gensler’s statements before he became SEC chair in 2021, deeming Coinbase’s arguments as “speculative” and unpersuasive. She noted that obtaining Gensler’s pre-chair
