Category: Exchanges

Expert Insight: Cryptocurrency Mining Accounts for Nearly 1% of Russiaโ€™s Energy Resources

boss

Alexey Zhikharev, director of the Renewable Energy Development Association (REDA), revealed that cryptocurrency mining accounts for almost 1% of Russia’s energy consumption. He stated that as the industry grows, miners will increasingly employ renewable energy sources. Russiaโ€™s Cryptocurrency Mining Energy Expenditure Nears 1% of the Nationโ€™s Total The growth in Russia’s cryptocurrency mining industry energy […] Source

Malaysia Cracks Down on Unregistered Crypto Exchanges: Bybit Ordered to Halt Operations

boss

Malaysia has ordered Bybit to halt its crypto exchange operations in the country, as regulators crack down on unregistered platforms. Bybit Faces Enforcement in Malaysia Over Unregistered Crypto Exchange Operations The Securities Commission Malaysia (SC) announced on Dec. 27 that it has taken enforcement measures against Bybit Technology Ltd. and its CEO, Ben Zhou, citing […] Source

Former CEO of Crypto Exchange Bithumb Sentenced to Two Years in Prison: Report

boss

Former Bithumb CEO Lee Sang-jun has reportedly been sentenced to prison after being found guilty of receiving cash and gifts to engage in a fraudulent token listing scheme.ย  Local Korean news outlet The Hankyoreh reports that the Seoul Southern District Court has sentenced the 55-year-old to two years behind bars and ordered him to pay a fine of 52 million won ($35,367) for receiving money and lavish items as bribes from businessman Kang Jong-hyun. Kang allegedly shelled out 3 billion won (roughly $2 million) in cash and over $272,000 worth…

Crypto Exchange Token Defies Digital Asset Market Downtick and Soars by Nearly 30% Amid New Merger Announcement

boss

A crypto exchange token is defying this weekโ€™s marketwide downtrend, skyrocketing by nearly 30%. The Bitget Token (BGB) is trading at $7.37 at time of writing and is up nearly 28% in the past 24 hours and more than 70% in the past week. BGBโ€™s gains partially materialized amid news that Bitget plans to merge the token with its other native asset, the Bitget Wallet Token (BWB). BWB, the 638th-ranked crypto asset by market cap, is down more than 4% in the past day but up nearly 45% in the…

Floki Memecoin Project in Plans To Launch Exchange-Traded Product for European Investors in Q1 of 2025

boss

The development team behind dog-themed meme asset Floki (FLOKI) is announcing a plan to launch a new exchange-traded product (ETP). In a new thread on the social media platform X, the project says it has been working closely with a respected asset manager to create a FLOKI-based ETP for European inventors, set to launch in Q1 of next year. โ€œWeโ€™ve been actively working with a respected asset manager and an ETP issuer to launch a Floki ETP for quite a while now. After months of due diligence and painstaking effort,…

Japanโ€™s DMM Bitcoin Exchange Will Transfer Customer Assets to SBI VC Trade by March 2025

boss

Executive Interview with Nadia Edwards-Dashti | Harrington Star | FMLS:24 Executive Interview with Nadia Edwards-Dashti | Harrington Star | FMLS:24 Executive Interview with Nadia Edwards-Dashti | Harrington Star | FMLS:24 Executive Interview with Nadia Edwards-Dashti | Harrington Star | FMLS:24 Executive Interview with Nadia Edwards-Dashti | Harrington Star | FMLS:24 Executive Interview with Nadia Edwards-Dashti | Harrington Star | FMLS:24 Fintech Talent in the UK: The Human Factor Driving Industry Change ๐ŸŒŸ What does it take to attract, retain, and upskill the best fintech talent in todayโ€™s rapidly evolving UK…

Rippleโ€™s Stablecoin Hits Singapore โ€“ Regulated Exchange Brings RLUSD to Transform Markets

boss

Ripple’s USD-backed stablecoin, Ripple USD, debuts in Singapore on regulated exchange Independent Reserve, unlocking faster, cost-efficient cross-border transactions. Ripple USD Debuts in Singapore – Independent Reserve Unlocks Seamless Liquidity Independent Reserve (IR), a licensed crypto exchange in Singapore, announced on Tuesday the launch of Ripple USD (RLUSD), Ripple’s new USD-backed stablecoin, on its platform. This […] Source

FBI and Other Federal Agencies Identify Hacker Behind $308,000,000 Hack of DMM Crypto Exchange

boss

North Korean hackers stole $308 million in Bitcoin (BTC) from Japanese cryptocurrency exchange DMM in May 2024, federal investigators confirmed Tuesday. The FBI, Japanโ€™s National Police Agency and the Department of Defense Cyber Crime Center identified the North Korean group known as โ€œTraderTraitorโ€ as responsible for the theft of 4,502.9 Bitcoin, according to a new press release from the FBI. Investigators say the breach began in March when a hacker posed as a recruiter and sent a malicious GitHub link to an employee of Ginco, a DMM partner company. After…

Crypto Exchange Binance Announces Support for New โ€˜Decentralized Scienceโ€™ Altcoin Project

boss

Binance, the top global crypto exchange by trading volume, is rolling out support for the new native token of a โ€œdecentralized scienceโ€ project. Binance Launchpool, which lets users stake coins to farm new assets, says its 63rd project will be BIO Protocol (BIO), a decentralized platform aiming to advance biotechnology through collective funding and the tokenization of biotech projects. Says the project, โ€œBIO is a curation and liquidity protocol for decentralized science (DeSci). Our mission is to accelerate biotechnology by giving global communities of patients, scientists and biotech professionals the…