The digital asset investment market has experienced a remarkable influx of capital in recent weeks, with a total of $346 million pouring into investment products, according to the latest data from CoinShares. This surge in inflows marks a pivotal moment reminiscent of the bullish enthusiasm observed in late 2021. The report also reveals that the
Exchanges
In a recent announcement, Justin Sun, a prominent representative for the crypto exchanges HTX and Poloniex, revealed plans to reward users and cover losses resulting from hacker attacks. This move comes as both exchanges approach the reopening of deposit and withdrawal services. According to Sun’s statement, an “epic airdrop” will be initiated for users with
Former Binance CEO, Changpeng Zhao, faced a brief restriction on his social media profile on X after stepping down from his executive position. For a short period on November 23, attempts to access Zhao’s X profile resulted in a standard restricted account message. The message warned viewers that the account was temporarily restricted due to
The U.S. Department of Justice (US DOJ) has taken action to prevent former Binance CEO and founder Changpeng ‘CZ’ Zhao from leaving the continental United States prior to his sentencing. This decision comes in the wake of Binance and CZ admitting guilt in a case involving Bank Secrecy Act violations. As part of the settlement,
After years of prolonged delays and uncertainty, the trustee of bankrupt cryptocurrency exchange Mt. Gox is finally starting the process of repaying the firm’s creditors in cash. This long-awaited development brings hope to the thousands of people affected by the catastrophic hack that took place nearly a decade ago. In a recent email obtained by
In a shocking turn of events, Binance CEO Changpeng Zhao has reportedly pled guilty to violating U.S. anti-money laundering requirements. This announcement has rocked the cryptocurrency community and has led to a significant plummet in the price of Binance-backed BNB token. The United States Department of Justice (DOJ) is expected to announce a settlement with
Bittrex Global, a prominent cryptocurrency exchange platform, recently announced its decision to wind down its operations, leading to the termination of most exchange activities and trading. This unfortunate development has raised concerns among its valued customers, who will undoubtedly face inconveniences resulting from this decision. A Disheartening Announcement In a statement released on November 20th,
South Korea’s National Pension Service (NPS) has recently made a significant profit of 40% from its investment in Coinbase, a prominent U.S.-based cryptocurrency exchange. Despite the country’s national assembly expressing concerns, the NPS, which ranks as the world’s third-largest pension fund with assets exceeding $800 billion, decided to include a digital assets company in its
After a recent breach of its hot wallets, Poloniex, a popular cryptocurrency exchange, has managed to resume its deposit and withdrawal services, according to a statement released on November 15. The attack occurred on November 10 when a malicious actor compromised one of the exchange’s hot wallets and stole over $100 million worth of digital
Coinbase, a leading cryptocurrency exchange, believes that the approval of a spot Bitcoin exchange-traded fund (ETF) could have significant implications for the crypto market and investors. In its monthly outlook report, Coinbase predicts that the introduction of compliance-friendly ETFs will open up access to crypto assets for a broader range of investor classes, including registered
