Tag: Exchanges

Japanese Police Arrest 30 People for Allegedly Having Exchanged Stolen Cryptos From the 2018 Coincheck Hack

Japanese Police Arrest 30 People for Allegedly Having Exchanged Stolen Cryptos From the 2018 Coincheck Hack

Japanese police charged 30 people for their alleged involvement in illegal transactions linked to the well-known $530 million Coincheck hack in 2018. Tokyo authorities traced all individuals’ transactions to different places across the nation. Illicit Transactions Are Estimated to Have Totaled Over $96 Million Initially, Nikkei reported that the suspects were either arrested or their […]

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Thai Financial Watchdog Asks Local Crypto Exchange to Fix Issues After Three Massive Outages

Thai Financial Watchdog Asks Local Crypto Exchange to Fix Issues After Three Massive Outages

The Securities and Exchange Commission of Thailand (SEC) issued an order against a local cryptocurrency exchange to temporarily stop its operations. Bitkub has been in the headlines since the start of the year due to several outages suffered in their systems. Crypto Exchange Suffered Three Massive Outages Since the Beginning of 2021 According to Bangkok […]

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Silvergate results show Q4 momentum as bank starts year with a $200 million follow-on public offering

Silvergate results show Q4 momentum as bank starts year with a $200 million follow-on public offering

Silvergate continued to see growth in Q4 of 2020, and CEO Alan Lane is looking to capitalize on it in 2021 with plans to monetize the bitcoin bank’s payments platform. Silvergate plans to build on its strong Q4 results by further exploring lending and custody opportunities related to its payments network — and has kicked […]

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Silvergate results show Q4 momentum as bank starts year with a $200 million follow-on public offering

Silvergate results show Q4 momentum as bank starts year with a $200 million follow-on public offering

Silvergate continued to see growth in Q4 of 2020, and CEO Alan Lane is looking to capitalize on it in 2021 with plans to monetize the bitcoin bank’s payments platform. Silvergate plans to build on its strong Q4 results by further exploring lending and custody opportunities related to its payments network — and has kicked […]

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Coinbase to acquire Bison Trails to compete in the market for infrastructure as a service

Coinbase to acquire Bison Trails to compete in the market for infrastructure as a service

Coinbase is acquiring crypto infrastructure provider Bison Trails in a move that the San Francisco-based exchange-operator says will help it expand into an unsexy but growing corner of the crypto market: infrastructure as a service. Coinbase did not respond to questions pertaining to the financials of the deal, whose transaction value has been speculated to […]

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Binance removes $165 million worth of BNB from circulation in largest-ever token burn

Binance removes $165 million worth of BNB from circulation in largest-ever token burn

Crypto exchange Binance has burned over 3.6 million BNB tokens, taking out about $165.8 million in tokens from circulation, the exchange announced on Monday.  This 14th quarterly BNB token burn is the highest one ever carried out by the exchange. When it launched BNB, Binance committed to burning 100 million BNB — roughly half of […]

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Russian Crypto Exchange Shuts Down Amid Accusations of Exit Scam

Russian Crypto Exchange Shuts Down Amid Accusations of Exit Scam

The Russian cryptocurrency exchange Livecoin has shut down amid accusations that it has pulled an exit scam. Customers are unable to withdraw their funds and have been asked to provide extensive identifying information which they fear would lead to identity theft. The exchange claims that it was hacked in December. Livecoin Crypto Exchange Closes Down […]

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Russian crypto exchange Livecoin is shutting down after a claimed attack that caused a $3.3 million loss to users

Russian crypto exchange Livecoin is shutting down after a claimed attack that caused a $3.3 million loss to users

Russian cryptocurrency exchange Livecoin has announced that it is shutting down after witnessing a “carefully planned attack” last month. “Our service has been damaged hard in technical and financial way,” said Livecoin on Saturday. “There is no way to continue operative business in these conditions, so we take a hard decision to close the business […]

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