Category: Exchanges

KuCoin Maintains Wallet Freeze as Hackers Begin Laundering Stolen Crypto

The exchange’s weekend thieves appear to be searching for buyers of their $281 million in stolen crypto.

September 29, 2020
Synthetix founder speaks on Kucoin hack of $2.5m in SNX, millions in other DeFi coins

Late last week, KuCoin, a notable Singapore-based exchange known for its large offering of altcoins, bit the dust. Blockchain analysts recorded a series of suspicious withdrawals from the company’s hot wallets that suggested the crypto exchange was hacked. Around eight hours after the withdrawals, it was revealed that a hack had happened, through which millions…

September 28, 2020
Decentralized much? Crypto projects take drastic steps after $200 million hack

The bad actors behind the estimated $150-$200 million hack of crypto exchange KuCoin managed to proven two aspects of the young market in their wake: 1. Cryptocurrencies are susceptible to hacks on even the best exchanges, and 2. True decentralization isn’t around just yet. The veil of decentralization is lifted when “DeFi” projects freak out…

September 28, 2020
Bitcoin Balances on Exchanges at 2-Year Low and That May Be a Bullish Sign

Bitcoin balances on major exchanges have hit their lowest point since November 2018. Yet unlike that time, it may be a positive signal.

September 27, 2020
Kucoin Hacked for $150 Million in Bitcoin; Bitfinex and Tether Freeze $33 Million of the Stolen Funds

Cryptocurrency exchange Kucoin may have been hacked for $150 million in bitcoin and multiple ERC20 tokens. The Singapore-based exchange confirmed the September 25 security breach, but did not disclose the amount stolen. “Bitcoin, ERC-20 and, other tokens in Kucoin’s hot wallets were transferred out of the exchange,” said Kucoin in an update on Saturday. Meanwhile,…

September 26, 2020
Crypto Exchange Binance Blacklisted by Russia’s Telecom Censorship Agency

Russia’s telecom regulator Roskomnadzor has added Binance, the world’s largest crypto exchange, to the list of blacklisted websites in the country. The exchange was blacklisted on June 2, 2020, but Binance became aware of this only on September 24th, after receiving communication from Roskomnadzor. In an announcement on its Russian Telegram channel, Binance said it…

September 25, 2020
Why centralized exchanges will lead crypto to the future

Will centralized exchanges continue to provide the regulated environments required for digital assets to evolve into the mainstream, or will the future belong to DEXs?

September 25, 2020
Russian Web Censor Tells Binance It’s Been Blacklisted – Three Months Late

Roskomnadzor blacklisted Binance in June, but apparently only made the cryptocurrency exchange aware of its decision today.

September 25, 2020
Congress sees two new bills looking to chart CFTC and SEC regulatory turf in crypto

A big day for crypto legislation in the United States.

September 24, 2020
Execs Managing $78B in Assets Say Institutional Investors Plan to Allocate More Cryptocurrencies

New research from the digital currency insurance firm, Evertas, shows that a surveyed group of investors managing roughly $78 billion in collective assets believes that during the next five years, institutional investors will “dramatically” increase their crypto asset holdings. This week the crypto asset insurance company Evertas published a cryptocurrency survey that included a number…

September 22, 2020