Tag: Exchange

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…

U.S. Securities and Exchange Commission (SEC) Seeks To Force Elon Musk Testimony in Twitter Takeover Probe

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The U.S. Securities and Exchange Commission (SEC) is looking to force billionaire Elon Musk to testify in its probe of his purchase of the social media platform X, formerly known as Twitter. In a new litigation release, the regulatory agency says that it has filed an application seeking an order that directs the business magnate to comply with a subpoena to testify – which he has so far ignored. According to the SEC, Musk may have violated securities laws by purchasing Twitter in October 2022 for a staggering $44 billion.…

Hong Kong Stock Exchange Unveils Blockchain-Powered Synapse for Seamless Cross-Border Settlements

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Hong Kong Exchanges and Clearing Limited is set to implement an upgrade to its Stock Connect system with the launch of HKEX Synapse, a cutting-edge blockchain-based settlement platform, HKEX said in a statement. This upgrade, scheduled for October 9, leverages smart contracts to enhance post-trade workflows and mitigate settlement risks in the Hong Kong Stock Exchange’s Stock Connect system, which facilitates connections between Hong Kong and mainland China’s stock markets. The HKEX Synapse platform aims to drive operational efficiency, reduce settlement risks, and enhance transparency by integrating smart contracts into…

CoinDCX exchange expands self-custody wallet to support 155 countries

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Major Indian cryptocurrency exchange CoinDCX is expanding its self-custody wallet, Okto, by integrating major on-ramp platform Transak. Okto, a multichain cryptocurrency wallet launched by CoinDCX in August 2022, has integrated the Transak platform to scale the wallet’s global support, the firm announced to Cointelegraph on Oct. 5. The integration is immediately available on Okto, the company said. With the new integration, the Okto wallet has increased the number of previously supported 60 countries to 155 jurisdictions, CoinDCX and Okto co-founder Neeraj Khandelwal said. By integrating Transak, Okto now specifically allows…

Kraken set to acquire Dutch exchange BCM, eyes European expansion

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United States-based exchange Kraken has announced a pending deal to acquire Netherlands-based cryptocurrency exchange Coin Meester B.V. (BCM) as it sets its sights on European expansion. While financial details of the deal have not been disclosed, Kraken and BCM announced the coming acquisition following the European Union’s implementation of its Markets in Crypto-Assets (MiCA) regulatory framework. The announcement from Kraken highlights its plans to grow its business across Europe, having acquired virtual asset service provider (VASP) licenses to operate in Ireland, Italy and Spain. A statement from Kraken CEO David Ripley…

Crypto cards facilitated $3B payment volume since 2021 exchange deals — Visa exec

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The integration of conventional payment cards with cryptocurrency exchanges is playing a crucial role in driving the adoption of digital assets, according to a Visa executive. Speaking to Cointelegraph reporter Ezra Reguerra during a panel at the Blockchain Economy Dubai Summit, VISA’s VP head of Innovation & Design Akshay Chopra highlighted the role that Visa cards have played as a bridge between fiat currencies and cryptocurrencies in recent years. Cointelegraph’s Ezra Reguerra (left) on stage with VISA’s VP head of Innovation & Design Akshay Chopra and Accenture’s CBDC & digital assets…