BingX confirms the resumption of withdrawal services following hack
Monetary losses from the BingX hack were initially reported as totaling $26 million, but the figure has since swelled to $52 million.
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A Chainalysis report has found an increase in number of exchange hacks in 2019, though less crypto was actually stolen than in previous years.The findingsIn the report, Chainalysis includes only exchange attacks (excluding wallet providers, payment processors, etc.). The firm includes hacks against technical vulnerabilities, deceptive attacks, like social engineering, and attacks that they confirmed…
South Korean regulator outlines steps to enhance digital asset legislation
The Virtual Asset Users Protection Act was passed in June without a sufficient regulatory framework, the head of South Korea’s Financial Supervisory Service said. South Korea’s Financial Supervisory Service (FSS) is preparing regulations to supplement the Virtual Asset Users Protection Act passed earlier this year, according to local reports. New regulations should be ready by
Bitcoin bear market 70% dip kills BTC ‘tourists’ as metric screams buy
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If your country has adopted a CBDC, you might be suffering
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Rothschild Investment Corporation increases stake in GBTC as institutional adoption grows
The institutional investment manager holds 30,454 shares of Grayscale’s GBTC, according to a new SEC filing. And no, the firm is not part of the Rothschild family dynasty. 319 Total views 3 Total shares Rothschild Investment Corporation, a leading Chicago-based financial institution founded in 1908, has invested heavily in Grayscale’s Bitcoin Trust, according to a…
DeFi surge, rising TVL and new partnerships underpin Ren’s 100% rally
Interoperability between blockchains is rapidly becoming one of the buzz phrases being thrown around when discussing decentralized finance and the coins most likely to rally during an altcoin bull run. The rapid growth of DeFi, its ever expanding total value locked and soaring ETH gas fees further highlight the sector’s need for a layer 2 option…
ConsenSys Backs Ethereum-Based Unlisted Infrastructure Investment Startup Allinfra
Ethereum (ETH) blockchain-focused development company ConsenSys has invested in an infrastructure investment startup, Allinfra, according to a press release shared with Cointelegraph on Feb. 21.As per the announcement, Allinfra will rely in part on ConsenSys’ technological capabilities and expertise in the tokenized assets area. The exact amount of the investment has not been disclosed.Allinfra facilitates…