Bitcoin Exchange Raises $320M to Repay Hack Victims
Japanese crypto exchange @DMM_Bitcoin to raise $320M to refund victims of recent hack. Over 4,500 BTC lost. Compliance with regulations ensures full refunds. #CryptoNews #Bitcoin
Crypto Exchanges
Focuses on platforms where cryptocurrencies are bought, sold, or traded, including features, security measures, and exchange rates.
DMM Bitcoin Exchange Announces Hack Compensation Plan
Japanese exchange @DMMBitcoin lost 4502.9 BTC ($320M) in a hack. To compensate users, DMM Bitcoin plans to buy the same amount from parent company @DMM_com by June 10, 2024. #CryptoNews #Bitcoin
Binance Listing Mid, Low Cap Coins: Top 3 Tokens
Binance to list mid and low-cap coins, boosting altcoins like $KAS, $HNT, and $RBLK. Rollblock advances in presale; Kaspa surges 860% in a year. #CryptoNews
Tether Invests $18M in Cross-Border Exchange XREX
Cross-border payments startup XREX secures $18.75M from @Tether_to to boost USDT payments in emerging markets and launch XAU1, a gold-backed stablecoin. #Crypto #Fintech #Updates
Biden Urged to Help Binance Exec in Nigerian Jail
U.S. lawmakers urge President Biden to intervene as Binance executive Tigran Gambaryan faces dire conditions in Nigeria’s Kuje Prison. Held for over 3 months, Gambaryan, tested positive for malaria, requires immediate medical care. #Crypto #Updates
FTX Settles $24B IRS Tax Dispute
FTX settles $24B tax claim with IRS for $885M in bankruptcy case. $200M in priority claims due within 60 days; remaining $685M paid as funds are available. #TaxNews #FTX
Coinbase Invests $25M in Pro-Crypto Politicians
Coinbase invests $25M in Fairshake Super PAC to support pro-crypto politicians, boosting its budget to $160M. Major contributors include @Ripple, @circlepay, @krakenfx. #CryptoNews #Updates
Hong Kong Crypto Exchange Licensing Insights
Major crypto exchanges @OKX, @Bybit_Official, and HTX have retracted their Hong Kong license applications due to strict regulations, including a ban on serving Mainland China users. #CryptoNews #HongKong
OKX Crypto Exchange Launches in Netherlands
.@OKX launches its CEX and self-custodial web3 wallet in the Netherlands, supporting 150+ cryptocurrencies and 60 crypto-euro pairs. Euro deposits/withdrawals are free via SEPA. #CryptoNews #Blockchain
FTX Profits by Selling Anthropic AI Shares
FTX sells its remaining shares in AI firm Anthropic, known for the Claude chatbot, for $452M. Total gains from Anthropic investments reach $1.3B. #AI #Finance
Binance, OKX Exit Hong Kong Amid Licensing Hurdles
Prominent exchanges Binance, @HuobiGlobal, and OKX withdrew licensing applications from Hong Kong’s SFC due to stringent policies. Concerns rise over Hong Kong’s crypto hub ambitions. #Crypto #Updates
**Velocore DEX Hack Drains $10M, Linea Resumes**
Velocore DEX, built on zkSync and Linea, was hacked for $10M. Linea paused operations briefly. Velocore collaborates with security experts to recover funds. #CryptoHacks #BlockchainSecurity
Crypto Exchange License Candidates Revealed by SFC
The Hong Kong SFC lists Crypto.com, HKbitEX, and PantherTrade among those vying for crypto exchange licenses. OKX and Bybit withdraw due to strict regulations. #Crypto #Finance
Changpeng Zhao Starts Binance Founder Prison Term
Changpeng Zhao, founder of @binance, starts a 4-month prison term for violating U.S. anti-money laundering laws. Binance fined $4.3B, Zhao fined $50M. #CryptoNews #Regulation