Hong Kong crypto exchange BitForex is reportedly holding millions of its users’ funds The BitForex cryptocurrency exchange has suspended withdrawals for at least the past three days without any reason given. The exchange has also reportedly stopped talking to its customers, leaving them wondering about their funds. On-chain investigator ZachXBT said in a February 23
The SEC continues to be called out for questionable suits against the crypto ecosystem The Kraken cryptocurrency exchange has filed a motion to dismiss a November lawsuit from the US Securities and Exchange Commission (SEC), saying it sets a “dangerous precedent” for the agency’s remit. Kraken filed the motion with a San Francisco federal court
Anyone can introduce an L3 rollup on Ethereum for as little as $50 a month Blockchain infrastructure company Conduit has founded a new platform permitting users to create and deploy a layer-3 rollup on Ethereum or other networks in as little as 15 minutes for as low as $50 a month. Conduit revealed the launch
The move takes effect immediately but shouldn’t impact the cryptocurrency’s status Circle has announced that it will terminate support for its dollar-pegged stablecoin, USD Coin (USDC), on the Tron blockchain. The change is effective “immediately,” and the decision is consistent with “efforts to ensure that USDC remains trusted, transparent and safe.” “Effective immediately, we will
Bitcoin’s next halving is coming soon, and over $1 billion has been moved off the exchange Coinbase’s Bitcoin holdings have been reduced to their lowest level in nine years after users transferred a large portion of their holdings from the exchange. A report from CryptoQuant indicates that 18,000 Bitcoin worth nearly $1 billion were moved
Apple hasn’t removed a fake Rabby Wallet app, despite knowing it’s in the App Store A bogus version of the Rabby Wallet crypto wallet app has reportedly been causing mayhem among unsuspecting App Store users. The team supporting DeBank’s Rabby Wallet verified on February 16 that its official app is currently under review and that
The leading cryptocurrencies may be immune to certain malicious attacks It’s no longer possible for nation-states to eliminate the Bitcoin and Ethereum networks via 51% attacks due to the high costs demanded to do so, according to a recent research study by crypto intelligence firm Coin Metrics. A 51% attack is when a malicious actor
The use of Trezor technology might be creating issues for the cryptocurrency wallet app A US Department of Commerce agency is examining an old version of the “Binance Trust Wallet app” for its susceptibility to allowing attacks to swipe customer funds from their crypto wallets. In particular, iOS devices may be at risk. The National
An increase in interest and activity has Bitcoin reaching new heights Bitcoin’s market value among its circulating supply exceeded the $1 trillion market after its price surged beyond $51,000. The current distributed Bitcoin supply is 19,627,443 BTC, or 93.46% of its total, which has a hard cap of 21 million. The effect of rising favorable
Coinbase launches an ad campaign to drum up support for a digital penny Coinbase’s new crypto ad campaign declares that moving the US dollar to a “well-designed blockchain” could turn billions of “clunky” pennies into something valuable again. The ad was introduced as part of National Lost Penny Day on February 12, which began in
The crippled cryptocurrency exchange is going to sell Digital Custody for $500,000 FTX CEO John Ray III and the FTX debtors estate have filed to sell Digital Custody (DC) to CoinList for a substantial discount of $500,000, with financing delivered by DC’s original seller and CEO, Terence Culver. The failed cryptocurrency exchange FTX originally bought
A new report shows that criminals still prefer fiat over crypto for their illicit activity A recent detailed risk assessment report from the US Treasury Department finds that cash, not cryptocurrencies, is the preferred money laundering technique for criminals and organizations. Three individual reports investigating money laundering, terrorist financing and proliferation financing detailed the current
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