In East Asia’s cryptocurrency landscape, Huobi Global (now known as HTX) has experienced a string of devastating security breaches within a short span of just two months. The most recent attack occurred on November 22, resulting in a staggering loss of $13.6 million from a hot wallet hack. This incident follows the exploitation of HTX
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When Dominic Frisby first met MicroStrategy CEO Michael Saylor at a crypto event, he was in awe. Frisby was thrilled when Saylor approached him and offered to have dinner together. Frisby admires Saylor’s intelligence and considers him to be an influential figure in the crypto space. He often discusses Bitcoin on various platforms and has
Hashkey Exchange, one of Hong Kong’s first regulated crypto exchanges, has recently announced an insurance coverage for its clients’ assets stored in its hot and cold wallets. This move aims to provide enhanced protection and meet the Securities and Futures Commission requirements. The policy will cover 50% of Hashkey’s digital assets in cold wallets and
The cryptocurrency industry has witnessed remarkable growth and development over the years. Lumx Studios, one of the leading cryptocurrency firms in Rio de Janeiro, is at the forefront of this dynamic industry. Lugui Tillier, the sales manager at Lumx Studios, shares his insights and experiences in this evolving landscape. Tillier’s journey into the world of
Australia’s Changjiang Currency Exchange, a money transmitter business, has been involved in a massive money laundering scandal worth 230 million Australian dollars ($145 million). The scandal came to light after a 14-month investigation, which resulted in the arrest of seven individuals, including four Chinese citizens and three Australian nationals. The investigation revealed that Changjiang Currency
Adelle Nazarian, the CEO of the American Blockchain PAC, has had a multifaceted career that led her to the world of cryptocurrencies. Before diving into the crypto industry, Nazarian worked as a freelance journalist for mainstream outlets such as Fox News and CNN. However, her disillusionment with the media’s divisive and activist-oriented nature pushed her
Bitcoin application-specific integrated circuit (ASIC) mining manufacturer Bitmain has recently come under fire for allegedly firing three employees for speaking to the media about the withholding of salary payments. According to local news reports, Bitmain accused the employees of breaching their employment contracts by sharing their remuneration on social media platforms. This move by Bitmain
The world of cryptocurrencies and blockchain technology is constantly evolving, and one of the latest trends making waves is the rise of zero-knowledge proofs. These cryptographic protocols have gained significant traction in recent years, with investors pouring over $700 million in funding into companies exploring this area. Zero-knowledge proofs are known for their association with
The cryptocurrency industry is facing a shocking scandal as revelations emerge about the alleged bribery activities of Sam Bankman-Fried, the founder of FTX. In recently disclosed testimony from Caroline Ellison, co-founder of FTX-linked hedge fund Alameda Research, it was claimed that Bankman-Fried paid a staggering $150 million in bribes to Chinese government officials in 2021.
It’s no secret that the crypto community is no stranger to scams and impersonations. Eleanor Terrett, a well-known Fox Business producer, has found herself at the center of this issue as she gains recognition in the crypto space. With more followers comes the unwanted attention of social media impersonators. Terrett has had to constantly remind