Crypto traders suffered more than $100 million in liquidations on Monday as digital asset prices dropped sharply amid escalating conflict in the Middle East. According to data from CoinGlass, $105 million worth of long positions were wiped out as crypto prices tumbled due to the fighting between Israel and Hamas. This marked the highest daily […]
The UK’s Financial Conduct Authority (FCA) added several major crypto exchanges, like Huobi’s HTX and KuCoin, to its list of unregistered firms on Sunday. The warning list cautions consumers to avoid dealing with listed entities. Under UK rules, crypto companies must register with the FCA or acquire temporary permissions to operate legally. Failure to comply […]
Non-fungible token marketplace OpenSea stated it is unaware of any evidence substantiating recent claims that a former employee participated in the high-profile AnubisDAO rug pull in 2021. In a Twitter thread, the anonymous account @NFTethics alleged OpenSea’s former head of ventures, Kevin Pawlak, is connected to the pseudonymous identity “0xSisyphus” who supposedly played a key […]
South Korean crypto exchange Upbit faced over 159,000 hacking attempts in the first six months of 2022, according to its operator, Dunamu. The figure represents an 117% increase compared to the same period last year and an 1,800% rise since early 2020. Upbit is one of South Korea’s largest exchanges, with around $1.2 billion in […]
The surging popularity of Ethereum staking since major network upgrades has engendered trade-offs around centralization and declining yields, according to analysts at JPMorgan. In a research note, the Wall Street Bank highlighted the rapid growth of liquid staking protocols like Lido, which now control over 30% of staked Ether. While adding diversity, Lido’s prominence still […]
Blockticity, a company using blockchain for product certification, has minted over $275 million worth of certificates on the Avalanche Layer 1 network. The first round focuses on hemp, psychedelic mushrooms, and kratom. The certifications take the form of non-fungible tokens (NFTs) representing Certificates of Analysis (COAs) for testing conducted by ACS Laboratory, a U.S. hemp […]
A director from Argentina’s central bank publicly endorsed the country’s planned central bank digital currency (CBDC) as a potential remedy for economic issues. Juan Agustín D’Attellis Noguera stated in a recent TV interview that the “digital peso” could help stabilize Argentina’s troubled economy by 2024. He cited the CBDC’s traceability as a key benefit for […]
The integration of traditional payment cards with cryptocurrency platforms is playing a key role in driving crypto adoption, according to Visa executive Akshay Chopra. Speaking at a recent blockchain summit, Chopra said Visa has partnered with 75 major crypto exchanges to enable them to issue Visa debit and credit cards. This allows users to convert […]
A series of SIM-swap hacks has reportedly allowed a single scammer to steal around $385,000 worth of Ether from Friend.tech users in less than 24 hours. On October 5, blockchain analyst ZachXBT revealed that the same hacker had drained 234 ETH, worth about $385,000 at current prices, by carrying out SIM-swaps on four different Friend.tech […]
Hong Kong financial regulators announced a new joint crypto working group with local police to combat illegal activities involving virtual asset platforms. The Securities and Futures Commission (SFC) said the collaboration aims to enhance monitoring, information sharing, and investigative capabilities. In a statement Tuesday, the SFC said the decision followed a late September meeting with […]