Recently, there have been reports of customers of MEXC exchange alleging that their funds have been arbitrarily confiscated by the exchange. Users have taken to social media to express their frustrations with random “clawbacks,” centralized withdrawal freezes, and liquidation of funds. One user, “Al Gore Rhythms,” claimed to have $33,658 deducted from his spot account
Blockchain
Hut 8, a Bitcoin mining company based in Canada, recently made the decision to close its mining site in Drumheller, Alberta. The company cited power disruptions and rising energy costs as the primary reasons for this move. The Drumheller facility, which currently contributes a small percentage of Hut 8’s Bitcoin production, was consuming a significant
The United Kingdom has recently announced plans to align with EU standards by incorporating stablecoins and central bank digital currencies (CBDCs) into its regulatory framework. This move comes as a response to the growing debate between crypto enthusiasts and traditional financial institutions regarding the role of stablecoins and CBDCs in the financial landscape. Regulatory Structure
Avail’s Goldberg testnet has reached a significant milestone by successfully processing over 100 million transactions. This achievement marks a crucial step in its preparation for a mainnet launch, showcasing the platform’s capability to handle real-world network load. To ensure that the test activity accurately reflects human usage, the testnet integrated Gitcoin Passport to prevent bots
Coinbase users are once again facing technical issues on the platform, with some experiencing issues such as a $0 account balance. The recent surge in trading activity in the cryptocurrency market has resulted in increased latency and intermittent zero balance for some users. In response to these problems, Coinbase has reassured users that their funds
The recent decision by a U.S. court regarding the trading of certain cryptocurrency assets on secondary markets has sent shockwaves through the industry. The ruling, which classified these transactions as securities, has significant implications for both individual traders and major platforms like Coinbase. The case in question involved an insider trading scheme orchestrated by former
Bitcoin non-fungible token (NFT) sales have surged ahead of Ethereum in the past week, showcasing a remarkable shift in the digital collectibles landscape. Led by the NodeMonkes collection, the Bitcoin NFT market experienced an impressive 80% week-over-week growth, totaling $168.5 million in sales. In contrast, Ethereum generated $162 million in NFT sales during the same
The recent case of a man in his thirties sentenced to five years in prison for crypto-related fraud highlights the disturbing trend of scammers targeting AfreecaTV BJ stars in South Korea. These stars, who have gained fame and fortune through the platform, are now being lured into complex crypto fraud projects by unscrupulous individuals seeking
In a groundbreaking move, Ethereum scaling solution Arbitrum has joined forces with the trading app giant Robinhood to introduce a new token swap integration within Robinhood’s self-custody wallet. This exciting collaboration was unveiled during the ETHDenver conference, highlighting the innovative step towards enhancing user experience and accessibility in the crypto space. The strategic partnership between
In a surprising turn of events, the once troubled crypto hedge fund LedgerPrime has rebranded itself as MNNC Group, signaling a fresh start in the market. After being entangled with the bankruptcy of the FTX crypto exchange in 2022, LedgerPrime was forced to shut down its operations. However, with a new name and a renewed
