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Cryptocurrency
Will safeguard Web3 firms, crypto users with robust blockchain : Binance
New Delhi : Leading blockchain and cryptocurrency platform Binance on Wednesday said it will strengthen collaborations and industry efforts between Web3 organisations and law enforcement agencies to further enhance security in the industry.…
Crypto exchange Coinbase faces cyberattack, employee targeted
San Francisco : Crypto exchange Coinbase has announced that a hacker stole the login credentials of a company employee to gain remote access to its system, and as a result, obtained some contact information belonging to multiple employees…
Crypto lending platform Genesis files for bankruptcy
New Delhi : Popular cryptocurrency broker Genesis has filed for Chapter 11 bankruptcy following the meltdown of the FTX exchange, media reports said. According to bankruptcy documents, the company listed over 1,00,000 creditors in a "mega"…
After FTX, now crypto finance firm BlockFi files for bankruptcy
New Delhi : Crypto finance firm BlockFi has filed for bankruptcy to help "stabilise its business," as investors are yet to recover from the fall of crypto exchange FTX. BlockFi and eight of its affiliates has filed for Chapter 11 bankruptcy…
Crypto exchange Coinbase to lay off more employees amid FTX saga
San Francisco : Leading crypto exchange Coinbase will lay off more employees soon in a fresh round of job cuts, as the world of crypto faces another existential threat after the FTX collapse, the media reported.
The layoffs were…
Coinbase has $15 mn deposits on FTX, now acquired by Binance
New Delhi : Leading cryptocurrency exchange Coinbase has clarified that it only has $15 million worth of deposits on FTX to facilitate business operations and client trades, as it faced a partial outage.
In its bid to provide clarity,…
51% of daily Bitcoin volume on crypto exchanges fake : Report
New Delhi : More than 51 per cent of the total Bitcoin trading volume on various crypto exchanges this year is fake amid volatile global economic conditions, a new report has claimed.Bitcoin is the blue chip of cryptocurrency and represents…
Crypto losses reach $428 mn in Q3 globally, hacks top concern
New Delhi : The world saw crypto losses up to $428 million in the third quarter (Q3), down 36 per cent from Q2, from hacks and frauds, a new report has shown.An analysis of the crypto losses by bug bounty platform Immunefi found that fraud…
Coinbase paused transactions in US for hours, restored now
San Francisco : Leading crypto exchange Coinbase paused transactions for users in the US owing to some technical issues, and resolved it hours later.In a tweet, the company said they were unable to take payments or make withdrawals…
8 US states sue crypto platform Nexo for lying to investors
New York : Cryptocurrency platform Nexo has been sued by New York, California and six other state regulators for failing to register with the state as securities and commodities brokers or dealers and lying to investors about their…