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A blockchain analyst under the pseudonym ZachXBT reported suspicious transactions from the wallets of the Australian exchange CoinSpot totaling $2 million. In his Telegram channel, blockchain detective ZachXBT pointed out two transactions. First, the attackers withdrew 1,262 Ethereum (ETH) and then another 20.99 ETH. The stolen funds were exchange d for Wrapped Bitcoins (WBTC) and stablecoins USDC and USDT. To do this, the attackers directly used the decentralized exchange Uniswap, the THORChain protocol, and the WBTC smart contract. CoinSpot exchange was founded in 2014, and so far, no incidents related to information security have been recorded on it. At the moment, representatives of the site have not confirmed the hack. The company’s website emphasizes that CoinSpot “maintains the highest security standards by storing the majority of assets in a cold wallet.” You might also like: Hackers exploit Onyx Protocol for $2.1m In October, hackers managed ...

In the realm of content creation, three essential elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text. Meanwhile, burstiness examines the diverse fluctuations in sentence structures. Lastly, predictability assesses the likelihood of anticipating the next sentence. Humans often infuse their writing with greater burstiness, employing a mix of lengthy, intricate sentences alongside shorter ones. Conversely, AI-generated sentences tend to display a more uniform pattern. Hence, for the upcoming content you are tasked with crafting, it is imperative that it embodies a considerable degree of perplexity and burstiness, while maintaining a minimal level of predictability. It is also important to adhere to the use of the English language exclusively. Now, let’s rephrase the following passage: “ Upbit Singapore secured initial approval from the nation’s central bank and fina...

Taiwan’s regulator, the Financial Supervisory Commission (FSC) has announced new guidelines for virtual asset service providers (VASPs). The agency published the VASP guidelines on Tuesday, which includes exchange registration, segregation of customer funds and prohibition of certain products. Taiwan’s financial regulator, the Financial Supervisory Commission, has released new guidelines aimed at streamlining the crypto exchange space in the country. Specifically, the watchdog has outlined guidelines for virtual asset services providers (VASPs) as it looks to bolster its crypto regulation. The new guidelines were highlighted in a new report the FSC published Tuesday, September 26, 2023. Wu Blockchain shared news of the development via X, including a link to the Financial Supervisory Commission’s publication. Taiwan has officially released guidelines for crypto currency, Derivatives, STOs, and stablecoins are prohibited; overseas companies...

HashKey Exchange has officially opened its doors, marking its entry as the first licensed retail virtual asset exchange in Hong Kong. HashKey Exchange, Hong Kong’s first licensed retail virtual asset exchange , has officially commenced operations. The launch event was a collaborative effort among representatives from the Hong Kong Special Administrative Region (HKSAR) government, major banking institutions, insurance companies, and Big 4 auditing firms. It's a momentous day! HashKey Exchange Grand Launch is TODAY, and we're poised to set new standards in crypto services. Join us for inspirational speeches and a peek at the road ahead. The future is bright! #Crypto #launch #HongKong pic.twitter.com/8N93TFQ2po — HashKey Exchange (@HashKeyExchange) August 28, 2023 You might also like: HashKey to debut Bitcoin and Ethereum retail trading in Hong Kong The HashKey Exchange platform allows for direct bank transfers in both USD and HKD and cryptocurrenci...

Founders of the defunct hedge fund Three Arrows Capital (3AC) are actively promoting their newly launched digital asset exchange , OPNX, as they seek to acquire struggling cryptocurrency lender Hodlnaut. OPNX aims to rescue Hodlnaut with an infusion of funds amounting to $30 million in FLEX digital tokens traded on the CoinFlex exchange . Hodlnaut, which operates in Singapore and Hong Kong, has been undergoing a court-monitored reorganization due to financial troubles. The tokens, owned by OPNX co-founders Mark Lamb and Sudhu Arumugam, will facilitate a partial payout to creditors, effectively concluding their claims. According to Bloomberg News, the term sheet reveals that after the capital injection, OPNX would gain a 75% ownership stake in Hodlnaut. The remaining 30% would consist of various tokens representing creditors’ claims. The bid is contingent on the creditors’ approval. Creditors could receive up to 95% of the available corporate assets if they support the...

Bitcoin exchanges see the largest one-day exchange BTC inflow since the Silicon Valley Bank collapse. Bitcoin (BTC) returned to exchange s en masse on July 27 in a sign that “major volatility ” could come next. According to data from on-chain analytics firm Glassnode, intraday BTC exchange inflows have hit multi-month highs. Trader warns of BTC price volatility “spike” BTC price action continues to linger below $30,000, and traders have consistently warned that further downside could come next. At current levels, Bitcoin’s largest-volume investor cohort, the whales, appear to be in a state of flux in an unclear market. Now, with large tranches of coins on the move in recent days, attention is focusing on entities sending funds to exchanges — with the implication that selling pressure could increase as a result. As noted by market observers, including James Straten, research and data analyst at crypto insights firm CryptoSlate, over 10,000 BTC in inflows on a single day represented th...

As the Web3 space continues to evolve, crypto exchanges are finding new ways to engage their users in their mission to success. The crypto industry is a constantly evolving sector. What may be the standard today can easily be very different tomorrow. Therefore, it is crucial for companies and platforms like crypto exchange s to stay on the cutting edge and implement new innovations. Community building is a vital element in running a successful business, irrespective of whether it offers crypto services or not. To cultivate communities based on shared interests, decentralized platforms and social tokens prove to be valuable tools. In addition, gamification and token-based rewards play a key role in motivating user involvement. A report by the Boston Consulting Group highlights the potential for Web3 technologies to create innovative loyalty programs that drive engagement and strengthen brand-consumer relationships. Engaging stakeholders Within the dynamic crypto industry, many projects...

The probe is reportedly looking at certain offerings that Kraken has made to its US customers that could be in breach of securities laws. Cryptocurrency exchange Kraken is reportedly being probed by the United States Securities and Exchange Commission (SEC) over whether it breached rules around the offering of securities.  According to a Feb. 8 Bloomberg report, the probe relates to certain offerings that Kraken has made to U.S. clients. A person with knowledge of the matter said the probe is at an advanced stage and could reach a settlement in the coming days. However, at this stage, it is not clear which offerings are being scrutinized by the securities regulator. When asked about the alleged probe, an SEC spokesperson told Cointelegraph, "The SEC does not comment on the existence or nonexistence of a possible investigation.” Kraken did not immediately respond to a request for comment. U.S. SEC’s Washington headquarters. Source: Wikipedia Gensler said in Dec. 2022 that his main...