How Much Crypto Has Been Lost In The CoinEx Hack So Far Centralized crypto exchange CoinEx was hacked, resulting in the theft of $55.5 million worth of cryptocurrency, double the initial estimates. The stolen funds were spread across various tokens including Ethereum, Bitcoin, XRP, Tron, Binance Coin, and more. CoinEx has promised to compensate affected … Read more
Here’s What Crypto Investors Should Know SEC Chairman Gary Gensler faced scrutiny from the Senate Banking Committee regarding the commission’s investigations in the crypto space and his belief that cryptocurrencies should be regulated under securities law. The committee questioned Gensler on the SEC’s rule changes and their ability to address future market failures. Although artificial … Read more
Binance.US released a statement stating that their current actions will give the company a financial runway of more than seven years, allowing them to continue operating as a cryptocurrency-only exchange. The company expressed frustration with the SEC’s efforts to hinder the crypto industry and highlighted the negative impact on American jobs and innovation. Binance.US sees … Read more
Crypto CEO Bags Record Breaking Prison Sentence For $2 Billion Theft Former Thodex CEO Faruk Fatih Özer has been sentenced to a prison term of 11,196 years, 10 months, and 15 days for stealing $2 billion in customer funds. Özer defrauded over 400,000 Turkish customers when the exchange went offline in April 2021 and fled … Read more
G20 To Establish Unified Crypto Regulation, Urges Countries To Share Information At the G20 summit, leaders from around the world agreed to establish a comprehensive regulatory framework for cryptocurrencies. The framework aims to increase transparency in digital asset transactions and requires crypto firms to share transaction details with jurisdictions annually, including unregistered platforms and wallet … Read more
Crypto Revolution: How Digital Currencies Are Transforming Financial Systems Introduction Cryptocurrencies, such as Bitcoin, Ethereum, and many others, have experienced a meteoric rise in popularity over the past decade. These digital currencies have revolutionized the financial industry, transforming the way we perceive and engage with money. In this article, we will explore the … Read more
Skyrocketing Crypto: The Surprising New Hero of the Financial World In recent years, the world of finance has witnessed the extraordinary rise of cryptocurrencies. Bitcoin, Ethereum, and a multitude of altcoins have taken the financial markets by storm, creating a paradigm shift in how we understand and transact with money. As traditional financial institutions grapple … Read more
