Tag: Report

Decentralized Exchange dYdX Suffers Security Breach Amid Talks To Sell Trading Software: Report

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The developer of the decentralized finance (DeFi) exchange dYdX is reportedly negotiating the sale of its derivatives trading software for an undisclosed amount. Citing anonymous sources, Bloomberg reports that dYdX Trading is in talks to sell dYdX v3 software to potential buyers, which include the algorithmic crypto trading company Wintermute Trading and the venture capital firm Selini Capital. The exchange enables peer-to-peer trading of perpetual futures contracts on crypto assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Dogecoin (DOGE). The older, semi-decentralized version of the trading platform uses…

India to Release Its Crypto Policy Stance by September After Stakeholder Consultations: Report

““The policy stance is how does one consult relevant stakeholders, so it is to come out in the open and say here is a discussion paper these are the issues and then stakeholders will give their views,” said Seth who is the Economic Affairs Secretary. “At the moment, an inter-ministerial group, is looking into a wider policy for cryptocurrencies. We expect to come out with the discussion paper before September.” Source

Mt. Gox creditors report Bitcoin balances on Kraken

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Kraken has started distributing Bitcoin received from the Mt. Gox Trustee on July 16. Creditors of the defunct Bitcoin (BTC) exchange Mt. Gox reported seeing crypto balances on the Kraken platform, as impacted users saw relief 10 years after a historical hack. The news was confirmed on Reddit via a subreddit called “mtgoxinsolvency.” Several users believed to be Mt. Gox claimants were seen verifying the update. Some also reported receiving Bitcoin Cash (BCH) tokens.  Per crypto.news, Kraken had promised to disburse funds to creditors within seven to 14 days. This came…

Crypto Exchange Gemini Settles With IRA Financial Trust Over $36,000,000 Hack in 2022: Report

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Crypto exchange Gemini and self-directed retirement and pension accounts platform IRA Financial Trust (IRA) have reportedly reached an agreement to settle a lawsuit stemming from a 2022 cyberattack. IRA sued Gemini after the crypto exchange suffered a security breach in February 2022. The firm claims that $36 million worth of its customers’ assets in Gemini’s custody were lost due to the cybersecurity incident. In its lawsuit, IRA alleged that the theft should not have happened if Gemini’s claims of having robust security capabilities were true. “Contrary to Gemini’s many representations…

Africa’s Blockchain Funding Drops to 1.3% in 2023, Deal Share Rises – Report

In 2023, Africa’s share of global blockchain venture deals rose marginally to 1.3%, but the continent’s total funding dropped from 1.6% to 1.3%. Only South America’s share of blockchain funding ranks below Africa’s share. The continent achieved an all-time high in blockchain venture funding deal share, accounting for 6.4% of all venture funding and 12.5% […] Source CryptoX Portal

Cryptoquant Insights Report: Seller Fatigue Suggests Bitcoin Price Bottom

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Bitcoin prices may have reached a local low, as suggested by researchers at cryptoquant.com. The firm’s recent institutional insights report says large sellers appear to have depleted their selling power, and key valuation metrics point to potential positive price movement. Report Notes Seller Exhaustion in Bitcoin Markets, Despite Low Stablecoin Liquidity In the past week, […] Original

Render tops hottest small/mid-cap cryptos of 2024: report

A CoinLedger report examined the top five most-bought small/mid-cap cryptocurrencies and the most sold digital assets this year.  2024 has ushered hundreds of billions of dollars into the cryptocurrency markets. Data shows that the digital asset industry has grown over 44% year-to-date (YTD) and has the potential to surpass the $3 trillion peak set in 2021.  A booming crypto market also means eager investors and traders hunting for profits in a fast-paced market. Big names like Bitcoin (BTC) and Ethereum (ETH) are ever the talk of the town, especially with…