Faced with scaling issues, 0x and Loopring are looking to take as much off the Ethereum blockchain as possible to allow for quick transaction times. However, as with most decentralized exchange experiments, questions regarding its true decentralized nature persist.
Explaining that their businesses have nothing to do with New York investors and that the New York attorney general has yet to identify any victim, Bitfinex and Tether asked that New York Supreme Court Judge Joel M. Cohen dismiss the case brought against the two crypto firms.
Upon receiving an email from cryptocurrency exchange Kraken, customers were able to purchase tokenized stock in the company for a minimum of $1,000. Reportedly, the exchange has already been able to raise 70 percent of the $10.2 million mark it set out to reach, but income requirements have stopped some from being able to participate.
Despite being sued by the New York attorney general, crypto exchange Bitfinex and offshoot Ethfinex have launched Tokinex, which will hold several initial exchange offerings on its platform.
Yep, you read that right. Coinbase CEO Brian Armstrong revealed the exchange often hires third-party firms to try to break into its systems to make sure security protocols are up to par.
Following its hack that saw 7,000 bitcoin stolen from the exchange’s hot wallet, Binance has opened trading, deposits, and withdrawals following a security upgrade to its network.
After a mid-January hack that lasted two weeks, New Zealand crypto exchange Cryptopia was unable to bring the business back following its significant losses. The exchange plans to suspend trading and has already appointed auditing firm Grant Thornton New Zealand to take over the liquidation process.
Despite having been sued by the New York attorney general at the end of April, Bitfinex held an awkwardly timed initial exchange offering, but its chief technology officer claims the exchange has already raised $1 billion in a private sales.
In the wake of last week’s Binance hack, which saw the exchange lose 7,000 bitcoin, Zebpay CEO Ajeet Khurana believes the information provided by Binance has only filled out half of the story.
Ernst & Young, the court-appointed monitor for troubled Canadian crypto exchange QuadrigaCX, has released its first report since the exchange filed for bankruptcy. Within the write-up, the monitor states QuadrigaCX only has $21 million in assets, a far cry from the $160 million it owes creditors.
Data from blockchain services company Coinfirm shows that the perpetrators of the Binance hack are moving small amounts of stolen funds into multiple addresses to avoid detection.
Binance CEO Changpeng Zhao proposed rolling back the Bitcoin blockchain to exact revenge on hackers that stole 7,000 BTC. The crypto industry responded with confusion and anger.
On Tuesday, May 7, hackers stole more than 7,000 bitcoin (over $41 million) from Binance’s hot wallet. Binance CEO Changpeng Zhao assured users that no other wallets were compromised. Although there is no reported correlation, the price of bitcoin dropped by $290 following the attack.
Due to Bitfinex skewing the price of bitcoin, CoinMarketCap is no longer including the exchange’s bitcoin price in its weighted average.
Attorneys for Bitfinex contend the New York attorney general’s injunction against the exchange is hurting customers and the broader crypto industry.
Zhao Dong, shareholder of the embattled cryptocurrency exchange Bitfinex, reveals the exchange’s plans to raise funds through an initial exchange offering (IEO). The IEO will only be open to serious foreign investors who are willing to put up the $1 million buy-in.
Crypto Capital has served as a bank for many cryptocurrency exchanges that have come under fire for less-than-ethical practices, including Bitfinex and QuadrigaCX. However, little is known about where Crypto Capital came from or who founded the company.
In an effort to provide accurate figures, CoinMarketCap will now require all exchanges to submit live data regarding transactions and order books. Exchanges that fail to provide said data will be removed from the CoinMarketCap website.
Clay Collins, CEO of cryptoasset data company Nomics, digs deep into the Bitwise report to the U.S. Securities and Exchange Commission, which claimed that 95 percent of volume reported by exchanges is fabricated.
Daniel Cawrey, CEO of Pactum Capital, and professional money manager Sina Nader discuss what the sagas of Bitfinex and Mt. Gox have in common. The two authors talk about the relationships the exchanges had with various banks, subpar user experience, and what crypto custody really means.