Cryptocurrency platform JPEX, once touted as a beacon of hope in the digital currency industry, is now facing its darkest hour. Recent events have unfolded, exposing fraudulent activities and prompting investigations by Hong Kong police and financial regulators. As JPEX announced the shut down of certain operations, the downfall of this once-prominent exchange serves as
Blockchain
In a bold move to support the fight for justice, John Deaton, the attorney renowned for representing XRP token holders in their legal battle against the Securities and Exchange Commission (SEC), has formally filed a notice to serve as Amicus Curiae in the LBRY court case. This significant development comes as LBRY recently filed an
With the increasing popularity and adoption of cryptocurrencies worldwide, crypto startup Ramp Network has made significant strides in Brazil by integrating Pix, a payment method offered by the Central Bank of Brazil. This integration is expected to revolutionize the onboarding process for both individuals and businesses in the country, leveraging the widespread use of Pix
Fortress Trust’s recent disclosure of a cryptocurrency theft has brought attention to a complex situation involving a third-party vendor and a phishing attack. The vendor responsible for constructing the portal that allowed several Fortress clients to manage their cryptocurrency funds has now been identified as ReTool, a reputable San Francisco-based company serving Fortune 500 clients.
The head of Binance.US, the US offshoot of the largest cryptocurrency exchange Binance, has recently parted ways with the company as part of a significant workforce reduction. In a statement, a company spokesperson confirmed that Binance.US is planning to eliminate 100 positions, signaling a major shift within the organization. This decision comes at a time
The crypto industry is no stranger to controversy, and one area that has drawn considerable attention is the implementation of know-your-customer (KYC) measures. In the midst of this debate, Gracy Chen, the Managing Director at Bitget, has voiced her opinion on the matter. According to Chen, crypto KYC measures are expected to become increasingly stringent
A recent report by crypto researcher Kaiko has shed light on the highly concentrated nature of crypto trading liquidity. This report reveals that almost 90% of the trading volume is handled by just eight major exchanges. Binance, Coinbase, OKX, and Huobi are among the exchanges responsible for the majority of trading volume. While this concentration
The partnership between global web3 technology leader OKX and fintech firm Circle Internet Financial has resulted in the unveiling of USDC features on the OKX Wallet and the OKX DEX aggregator. This collaboration aims to revolutionize the way USDC transactions are conducted by facilitating gasless transactions, eliminating network fees, and enabling cross-chain USDC swaps across
The online crypto casino industry has once again fallen victim to cybercriminals, this time with North Korea’s notorious Lazarus Group at the helm. The group, also known as APT38, has been identified by the FBI as the culprits behind the theft of a staggering $41 million worth of various cryptocurrencies from Stake Casino. The attack,
Former co-CEO of FTX Digital Market, Ryan Dalame, is reportedly planning to plead guilty to criminal charges related to the collapse of FTX in November. This development comes after extensive negotiations with prosecutors, and the guilty plea is expected to take place on September 7 at a Manhattan Federal Court. Dalame’s role at FTX involved