SEC pushes back against Coinbase's 'overly broad' discovery requests
The regulator claims that Coinbase’s document discovery requests are overly broad and disproportionate to the needs of the case.
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6 Questions for Chen Li of Youbi Capital
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!This week, our 6 Questions go to Chen Li, the co-founder and CEO of Youbi Capital, a venture capital firm investing in blockchain technologies and disruptive decentralized…

What is Bitcoin’s fee-to-reward ratio?
The Bitcoin fee-to-reward ratio represents the proportion of total block rewards from transaction fees paid by users in the Bitcoin network. Transaction fees allow users to offer compensation to miners to encourage the inclusion of their Bitcoin (BTC) transactions in a block. To increase their profits, miners frequently prioritize transactions with higher fees. However, the…

Report: Two Israeli Brothers Arrested for Hack of Bitfinex Crypto Exchange
Two Israeli brothers have been arrested in connection with the hack of cryptocurrency exchange Bitfinex and other crypto-related phishing attacks, finance news outlet Finance Magnates reports on June 23.An Israeli police spokesperson reportedly told Finance Magnates that Eli Gigi and his younger brother Assaf Gigi netted tens of millions of dollars. The two are suspected…

Nigerian central bank alleges unauthorized transactions by Binance
In a Nigerian court on Friday, July 5, Binance's illegal operations were highlighted, with Central Bank official testifying on lack of necessary licenses and regulatory approval.

Nigeria’s SEC warns against trading on Binance
The Commission insists that the platform doesn’t have a license to work in the country and hence its operation is illegal. 71 Total views 21 Total shares The Securities and Exchange Commission of Nigeria (SEC) issued a warning for local investors against using one of the world’s largest crypto exchanges, Binance. It refers to the…

Gambling tokens hit the jackpot as COVID-19 lockdowns drag on
Global developments over the past year have reshaped all aspects of daily life for most people and initiated some structural changes in how society operates. Lockdowns and travel restrictions have led to the rise of remote working and altered the way people make use of their free time. The coronavirus pandemic essentially shut down travel and…

Bitcoin futures and options suggest that a major BTC price move is looming
Bitcoin (BTC) has been highly volatile in recent weeks, rallying above $16,000 for the first time in three years. But the futures market’s open interest indicates that a large volatility spike is likely very close.The term “open interest” refers to the total sum of contracts that are actively open in the futures market. If the…

Security matters should not fall on users’ shoulders — Bitget exec
Bitget chief operating officer Vugar Usi Zade argued that products should be intuitive, as security matters should be the responsibility of crypto platforms.