Hacked Crypto Exchange Bithumb Made $35 Million Profit in First Half 2018

news The China Banking Association (CBA), the country’s self-regulatory organization for the banking sector, is launching a new blockchain-based platform for trade finance. The platform was announced last week while the organization is in the process of rolling it out for live usage after several pilot programs aimed at improving the efficiency and security of trade…

Decentralized exchange (DEX) Brine Fi has raised $16.5 million at a valuation of $100 million in an investment round led by Pantera Capital, the company said Thursday in a press release.Elevation Capital, StarkWare Ltd, Spartan Group, Goodwater Capital, Upsparks Ventures, Protofund Ventures were among those also participating in the fundraising round.The fresh funding is notable

In recent months, there’s been a clear trend among big crypto companies – including Coinbase, Binance, and a16z – looking to start their own “layer-2” blockchain solutions atop Ethereum: They’ve chosen OP Stack, from the team that created Optimism, to provide the open-source software building blocks for their new networks.On the surface, it might seem…

This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk 20 Index: 1,868.26 -3.74% Bitcoin (BTC): $60,722.20 -0.88% Ether (ETH): $2,366.16 -3.13% S&P 500: 5,709.54 -0.01% Gold: $2,647.23 -0.49% Nikkei 225: 38,552.06

The spread between perpetual funding rates in bitcoin and ether markets recently collapsed, indicating an uptick in investors’ risk appetite.The development suggests continued outperformance of alternative cryptocurrencies ahead.Crypto bulls questioning the sustainability of recent sharp gains in alternative cryptocurrencies (altcoins), including meme coins, may consider the latest trend in the spread between bitcoin and ether

Crypto technology firm Katena Computing didn't trick miner Coinmint into a $150 million purchase agreement, a panel of arbitrators ruled last month in the mining company's suit against Katena and a semiconductor company called DX Corr.Coinmint alleged in a lawsuit filed last year that Katena and DX Corr conspired to trick it into purchasing $150

New projects from the venture capital firm Andreessen Horowitz (a16z) are focused on ZK proofs, a type of cryptography that can help scale blockchains.Because so many of a16z’s portfolio companies rely on ZK tech, the firm is making a bet that its own contributions can help those companies succeed.Silicon Valley venture-capital giant Andreessen Horowitz (a16z)…

feature Few companies in 2019 have managed to attract venture capitalists to private token sales without giving up equity. Yet the hedge fund and predictions market startup Numerai just closed an $11 million round in March led by Paradigm and Placeholder strictly by selling NMR tokens, first launched through an airdrop in 2017. According to…

U.K. Prime Minister Keir Starmer named Tulip Siddiq as City Minister on Tuesday. Siddiq has previously called for mitigating the risks that crypto poses as well as harnessing the sector's potential. U.K. Prime Minister Keir Starmer named Tulip Siddiq as Economic Secretary to the Treasury and City Minister, a position that involves overseeing financial services