Binance denies blame in $230M WazirX hack, urges user repayments

Check out this week’s Bad Crypto News. 1641 Total views 38 Total shares Bitcoin has had a rough week, down around 9 percent and trading below $6,700. Ross Ulbricht, the founder of Silk Road, believes we’re in a bear market that could even take the price under $3,200. Ulbricht is serving two life sentences for…

The ongoing global COVID-19 pandemic has upended businesses around the world, forcing companies to retool their organizations to weather one of the worst disruptions to the global economy in decades. In the face of unpredictability, both decentralization in the workplace and system architectures have taken center stage as methods to combat ever-changing circumstances. While each…

South Korean cabinet ministers have agreed to exclude digital assets trading companies from venture business classification, Business Korea reported September 27.  Back in August, the country’s Ministry of Small and Medium-sized Enterprises (SMEs) and Startups (MSS) had already excluded cryptocurrency exchanges from legislation governing venture businesses, Cointelegraph reported.During the recent cabinet meeting held under the…

This week, on the same day, two United States regulating bodies — the Financial Industry Regulatory Authority (FINRA) and its ruling organization the Securities and Exchange Commission (SEC) — reported filing objections against non-compliant crypto players who made some false statements regarding their businesses.While the SEC barely needs any introduction for those who follow the…

India’s Ministry of Commerce & Industry developed the SLDE platform for transferring documents using blockchain-based security protocols. 710 Total views 18 Total shares Indian financial services giant Axis Bank issued a financial contract between two domestic businesses by using a government-backed blockchain platform called Secured Logistics Document Exchange (SLDE).SLDE was developed and released on Jul.…

Crypto exchange CoinDCX has announced on March 12 a $1.3 million funding towards increasing awareness and adoption of cryptocurrencies in India.According to the company, the funds will go towards a long-term project called TryCrypto, which will seek to introduce 50 million Indian consumers to cryptocurrencies.Items to be funded within TryCryptoEducational programs, seminars, workshops, and distance…

The Senator pointed to the troubling manner in which the Securities and Exchange Commission issued its controversial staff accounting bulletin.

While March 2020 has been one of the most volatile and unprofitable months for Bitcoin holders, exchanges have benefited greatly from this uncertainty.March 12 selloff spike in volumeThe main source of revenue for crypto exchanges comes from trading fees, so on the days with heavy volume, they see an increase in their revenues.March 12, the…

ArtID aims to collect up to nearly 5 million euro in its security token offering, having already reached the soft cap set at 580,000 euros. 1122 Total views 42 Total shares Ethereum-powered digital art platform ArtID held a security token offering to fund the further development of its marketplace.According to an announcement on April 29,…