Focuses on platforms where cryptocurrencies are bought, sold, or traded, including features, security measures, and exchange rates.
Binance updates collateral ratios for PEPE, BONK, and BANANA, effective July 30, 2024. PEPE’s ratio rises to 75%, while BONK and NEAR also hit 75%. BANANA and BB jump to 50%. Changes aim to enhance trading security and reduce liquidation risks.
Heather Morgan, aka Razzlekhan, was seen at the Bitcoin 2024 conference in Nashville, despite pleading guilty to the 2016 Bitfinex hack. Morgan’s presence at multiple Bitcoin events raises questions about her freedom before sentencing. #CryptoNews
This week, crypto funding highlights include Riot Platforms’ $92.5M acquisition of Block Mining, NPC Labs’ $18M raise led by Pantera Capital, and Caldera’s $15M to simplify Ethereum rollups. Total VC funding exceeds $210M with other key raises from aPriori, Mezo, and OpenSocial.
WazirX’s new “socialized loss strategy” post-hack lets users access 55% of assets, locking 45% in USDT. Users choose between two options for recovery, with 62% preferring staggered withdrawals. Critics call it a scam. #CryptoNews
Tyler Winklevoss, co-founder of @Gemini, urges for a new SEC chairman before US elections, criticizing the Biden admin’s crypto stance. Current chair Gary Gensler faces criticism over Ethereum’s status and market fraud views. #CryptoRegulation #Update
Sen. Elizabeth Warren warns of foreign crypto miners, including Chinese entities, spying on U.S. military bases and risking national security. She calls for stricter oversight and anti-money laundering measures. One example: MineOne Partners Ltd., banned from land near a Wyoming base. #NationalSecurity
BitFlyer acquires 100% of FTX Japan’s shares, planning a relaunch by August under a new name. This move aims to introduce a custodial business in preparation for a potential Bitcoin spot ETF launch in Japan. $BTC #CryptoUpdate #Update
Mt. Gox Bitcoin creditors face withdrawal restrictions on @Bitstamp. Frustration mounts over a mandatory verification process, including fully booked video calls. Despite having credited coins, users can’t withdraw without completing the call. Meanwhile, @krakenfx’s smooth disbursement process is praised. #CryptoNews
Arkham Intelligence integrates with @CoinbaseWallet, enabling users to track crypto holdings and transactions directly on Arkham’s platform. This feature offers detailed analytics, enhancing blockchain intelligence for a broader audience. #Crypto #Update
Japanese crypto giant @bitFlyer has acquired 100% of FTX Japan, rebranding it as “Custody New Company” by Aug 26. This move enhances bitFlyer’s crypto custody services, leveraging its wallet tech and operational resources. #CryptoNews
Japanese crypto giant bitFlyer has acquired FTX Japan, rebranding it as “Custody New Company” by August 26. This move aims to expand bitFlyer’s crypto custody business and explore new services. FTX Japan, under Chapter 11 since November 2022, will integrate into bitFlyer’s operations. #CryptoNews
Coinbase UK faces a $4.5 million fine for inadequate onboarding of high-risk customers, highlighting potential regulatory shifts for crypto exchanges and the need for enhanced compliance measures.
WazirX’s investigation into a security incident revealed no compromised devices, emphasizing the need for security in crypto exchanges. With over 10 million users, user trust is paramount for retention and engagement.
The hacker in the WazirX breach has moved an additional $57 million in Ethereum, highlighting ongoing security challenges in crypto exchanges as WazirX enhances its bug bounty program to protect assets.
