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
Exchanges
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
Bitget’s Hong Kong division, BitgetX, has recently made a surprising announcement that it will not be applying for a Virtual Asset Trading Platform (VATP) license in Hong Kong, despite operating in the region for the past seven months. This unexpected decision has left many in the cryptocurrency industry perplexed, as BitgetX had initially launched the
In a bold move to redeem their tainted reputation and address the challenges that led to the downfall of their previous employer, former executives of FTX have come together to establish a new cryptocurrency exchange. Trek Labs, a Dubai-based start-up, recently obtained a license from the Emirate’s crypto regulator, marking the beginning of a new
In a groundbreaking announcement on November 9th, cryptocurrency exchange Coinbase revealed a new feature that promises to revolutionize the way users verify their accounts and access additional benefits. This new system allows users to attest their account and country credentials on-chain, providing them with a highly sought-after “trusted badge” that grants access to a range
FTX’s native token, FTT, experienced an impressive surge of almost 90% within a 24-hour period, reaching a nine-month high of $2.33. This price rally was triggered by the suggestion of SEC Chair, Gary Gensler, who hinted that the insolvent exchange could potentially be revived under the right leadership. Gensler emphasized the importance of operating within
