Tag: Exchange

Crypto Exchange Binance To List New Low-Cap Altcoin Project Built on Cosmos (ATOM)

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The world’s largest crypto exchange by trading volume, Binance, is announcing plans to list a new altcoin built within the interoperable blockchain ecosystem Cosmos (ATOM). According to a new announcement, Binance is planning to list Neutron (NTRN), a project that aims to be a  “cross-chain smart-contracting platform.” As stated by Binance, “Neutron allows developers to easily build cross-chain applications over Inter-Blockchain Communication Protocol (IBC) and provides DeFi (decentralized finance) dApps (decentralized applications) with the full economic security of the Cosmos Hub.” Binance will support spot trading pairs for NTRN, including NTRN/USD,…

Crypto exchange Deribit aims at brokerage license in EU

The crypto trading platform plans to add options for SOL, XRP, and MATIC starting January 2024. Crypto derivatives exchange Deribit is seeking to apply for a brokerage license in the European Union roughly a year after the platform suffered a $28 million hack. In an interview with Bloomberg, Deribit CCO, Luuk Strijers, said the EU is currently considered by the exchange as the “best environment to launch new products,” although in early 2023 reports said the business was planning to move to Dubai. “Is this the best environment to launch…

BestChange Reinforces Its Credentials As Top Crypto Exchange Aggregator

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October 9, 2023 – Dubai, United Arab Emirates BestChange.com has revealed the progress it’s made in cementing its position as a leading gateway for cryptocurrency exchange. The platform aggregates multiple crypto exchangers, enabling traders to find the best possible price for swapping digital assets. Every potential exchanger on BestChange.com undergoes a rigorous assessment to ensure their credibility. This approach significantly mitigates the risks tied to crypto trading, affording users the confidence required to trade cryptocurrency. Beyond cryptocurrencies, users can seamlessly exchange e-currencies such as PayPal, Skrill and PerfectMoney, alongside conventional…

Time For Self-Custody? Crypto Exchange Reveals Hackers Tried To Gain Access 159,000 Times

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Reports from South Korea-based Yonhap News Agency have revealed that Upbit, one of the largest crypto exchanges in South Korea experienced over 159,000 hacking attempts in the first half of 2023 alone. Upbit’s Hacking Attempts According to the data from Upbit’s parent company Dunamu shared with the local news agency, the hacking attempts of the first half of 2023 indicate a 117% increase compared to the first half of 2022, and a 1,800% increase in hacking attempts compared to the second half of 2020. The crypto exchange recorded 8,356 hack…

S. Korean Crypto Exchange Upbit Deflected 160K Hacking Attempts in the First Half of the Year

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Upbit exchange hacking attacks doubled in 2023

South Korea’s largest exchange, Upbit, suffered 159,061 attacks during the first half of 2023. According to the local media Yonhap, it is nearly 2.17 times more than in 2022. To fight back against the increasing trends of hacking attacks, the company increased the portion of funds it held in cold wallets by 70%. It also grew the security levels for its hot wallet funds. Upbit is currently one of the leading cryptocurrency exchanges in South Korea. The company has a trading volume of nearly $1.2 billion. Due to Binance regulatory…

HTX Exchange Reclaims $8M in ETH Stolen in Hack Attack

The exchange has already received the funds back. The hacker received a 5% white-hat incentive, or a remuneration of 250 ETH for restoring the funds, as well as a job offer to work as a white-hat security adviser. Huobi Global‘s HTX crypto exchange has confirmed a refund of the funds stolen in September. The total sum of the refund has amounted to $8.2 million worth 4,999 Ethereum (ETH). Seems that the company has negotiated with the hacker, and as a result of the talks, the hacker made “the right choice” agreeing to…

Crypto exchange Upbit was targeted by hackers 159K times in H1: Report

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South Korean cryptocurrency exchange Upbit has been targeted by hackers on more than 159,000 occasions in the first half of 2023, according to its operating firm. The figures were reported by Dunamu — the firm operating Upbit — to South Korean Representative Park Seong-jung of the People Power Party, according to an Oct. 9 report by South Korea-based Yonhap News Agency. The figure marks a 117% increase from the first half of 2022 and a whopping 1800% increase from the first half of 2020. Upbit is one of South Korea’s largest…

Top US Crypto Exchange Coinbase Embracing ‘International First Mentality,’ Says Company VP

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Top US crypto exchange Coinbase has been upping its focus on international markets amid regulatory uncertainty stateside, according to the company’s vice president of international policy. While speaking during a recent interview at Zebu Live, Tom Duff Gordon notes that scaling internationally is becoming “more and more important” to the exchange. “We want to work with everybody because we think the US is a really important market. We need to get that [regulatory] clarity. It may not come tomorrow, but I think we are on a good path to kind…

Binance’s 2017 ICO flopped, exchange reportedly raised $5m

A recent investigation by Forbes, in collaboration with Gray Wolf Analytics and Inca Digital, suggests that Binance’s initial coin offering (ICO) for BNB in 2017 “was a flop”.  The report claims that Binance likely raised less than $5 million for BNB, its native token, through its ICO, significantly less than what the exchange announced on its website.  An archived copy of Binance’s front page during its ICO | Source: Forbes The analysis also found that investors received only around 10.78 million BNB, while an additional 20 million BNB were transferred to angel…