Category: Exchanges

Binance CEO Richard Teng Says Crypto Exchange Has Frozen $5,300,000 in Digital Assets Linked to BtcTurk Hack

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Binance CEO Richard Teng says the world’s largest crypto exchange is helping in the probe of hacked Turkish cryptocurrency market BtcTurk. In a post on the social media platform X, Teng says that Binance is assisting BtcTurk in the investigation and has so far frozen over $5.3 million worth of the stolen crypto assets. “Our investigations and security teams work around the clock as part of our proactive efforts to protect the ecosystem from bad actors. We will provide further updates as relevant.” BtcTurk, one of Turkey’s largest crypto exchanges,…

Delta Capita Taps London Stock Exchange Veteran as New CFO

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Delta Capita, a financial services consulting and technology firm, has appointed Nick Frost as its new Global Chief Financial Officer (CFO), the company announced Monday. Delta Capita Names Nick Frost as New Global CFO Frost, who brings over two decades of finance experience to the role, will join Delta Capita’s Executive Committee and report directly to Group CEO Joe Channer. Based in London, he will be tasked with developing the company’s financial strategy and supporting its growth initiatives. Prior to joining Delta Capita, Frost held CFO positions at several firms,…

Major Challenges Decentralized Exchanges (DEXs) Must Focus on in 2024

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In the past decade DEXs has been the main opponent of traditional banking as it is high tech and constantly improving on participants’ experience. With blockchain technology, decentralization has attracted many investors because of its speed, precisines, and cost effectiveness. In the parallel world of traditional finance, the crypto currency market has its own “banks’’, DEXs that offer similar services such as buying, selling, and holding assets in exchange for fees. Decentralized exchanges are the ones responsible for transaction transparency and control over assets, without the presence of intermediaries. The…

Millions in Bitcoin Withdrawn After 1.96 Million AVAX Transferred to Exchanges: Zachxbt 

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Onchain detective Zachxbt reported that an entity moved 1.96 million avalanche (AVAX) to various exchanges and subsequently withdrew millions in bitcoin (BTC) after the transaction. As of 8 a.m. EDT today, AVAX has declined almost 10% in the last 24 hours. AVAX Declines Amid Onchain Analyst’s Discovery of Major Transfers Zachxbt, a well-known onchain analyst, […] Source

Coinbase, Binance and Other Top Exchanges Roll Out Trading Support for Brand-New ‘Omnichain’ Altcoin

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Coinbase, Binance and a host of other top crypto exchanges around the world rolled out immediate trading support for a brand new altcoin native to an “omnichain” project. LayerZero bills itself as an omnichain interoperability protocol. The project aims to move data across blockchains and support “censorship-resistant messages and permissionless development through immutable smart contracts.” On Thursday, the project launched its new native token, ZRO. Binance added support for the asset with a seed tag, and Coinbase assigned the token an experimental label. Both designations alert users to lower liquidity…

Crypto Exchange Kraken and Security Firm CertiK Clash Over $3 Million Exploit – SuperCryptoNews

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A critical security flaw in cryptocurrency exchange Kraken’s platform has sparked a bitter dispute with security firm CertiK. The incident involved a $3 million theft of digital assets and accusations of extortion, media reports said. Kraken identified a critical vulnerability that allowed users to artificially inflate their account balances without completing deposits. This stemmed from a recent user interface change. An anonymous security researcher, later revealed to be affiliated with CertiK, alerted Kraken about the bug. However, instead of following ethical hacking practices, the researcher exploited the flaw with two…

3iq Files to Launch Solana Exchange-Traded Product in Canada

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3iq Digital Asset Management has announced that its solana fund has filed a preliminary prospectus for an initial public offering in Canada. The fund aims to become the first solana (SOL) exchange-traded product (ETP) in North America. Its objectives include providing exposure to the cryptocurrency, long-term capital appreciation, and staking yield. The Fund Seeks to […] Source

Layerzero’s ZRO Token Listed on Major Exchanges, Boosting Cross-Chain Communication Potential

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Layerzero’s native token, ZRO, has been listed on several major cryptocurrency exchanges, marking a significant milestone for the cross-chain communication protocol. Binance, Upbit, Okx, Bybit, Gate.io, Bitget, Kucoin, MEXC, and Woo X have all added ZRO to their platforms, offering various trading pairs. Layerzero distinguishes itself with its innovative approach to cross-chain communication, facilitating the […] Source