Exchanges

In July, WazirX was struck by a staggering cyber heist that resulted in the theft of approximately $230 million. This breach not only compromised over 45% of the Indian cryptocurrency exchange’s reserves but also exposed significant vulnerabilities both in the exchange’s security infrastructure and in the broader landscape of cryptocurrency dealings. The hacker’s actions delineate
0 Comments
The rapid evolution of the cryptocurrency market across the globe presents an intriguing case study, particularly when examining the United Arab Emirates (UAE). Unlike many other countries where crypto adoption tends to fluctuate according to transaction size, the UAE has emerged as a remarkable anomaly. A recent Chainalysis report reveals that the UAE has successfully
0 Comments
In a significant strategic move, Kraken has officially acquired Coin Meester (BCM), a well-established cryptocurrency broker in the Netherlands, as announced in a statement on September 24. This acquisition is not just a tactical business maneuver; it reflects Kraken’s ambition to solidify its foothold in the burgeoning Dutch cryptocurrency market. Coin Meester’s long-standing presence in
0 Comments
On September 20, 2023, the cryptocurrency exchange BingX made headlines after confirming a “minor asset loss” attributed to suspicious activity in one of its hot wallets. The Chief Product Officer, Vivien Lin, noted that the event occurred around 4:00 A.M. Singapore time and that the exact loss was still being determined. Initial estimates from blockchain
0 Comments
The legal feud between the U.S. Securities and Exchange Commission (SEC) and major cryptocurrency exchange Coinbase has captured considerable attention since it commenced in June 2023. The SEC’s allegations claim that Coinbase has been operating as an unregistered securities broker, offering digital assets that the agency deems to be unregistered securities in violation of U.S.
0 Comments
The American digital asset market is at a pivotal juncture, characterized by uncertainty and tension stemming from regulatory practices. Recently, Robinhood’s Chief Legal Officer, Daniel Gallagher, publicly criticized the U.S. Securities and Exchange Commission (SEC) for what he termed a “scorched earth” approach to crypto regulation, which has fostered a climate of confusion rather than
0 Comments