If more exchanges adopt a new technology that makes the know your customer (KYC) process to be embedded in each users' wallet, then the days of questioning whether Virtual Asset Service Providers (VASPs) are KYC/AML compliant may be over soon. The technology, which could also ...
A large number of crypto exchange users of Binance and Huobi claim that they have recently been bombarded with calls from unknown numbers claiming to be the customer service of these crypto exchanges and inviting them to some chat groups where some unreliable exchanges and shitcoins are promoted....
Top cryptocurrency exchange, Binance, has initiated the process of giving up 40% allocation of the total supply of its native token Binance Coin (BNB). The earmarked 80 mln BNB (currently worth about US$2.4bln) was originally meant to reward the Binance team for their effort at build...
Facebook is set to officially announce the full list of corporate institutions behind its new stablecoin as it launches on Tuesday June 18. Unofficial reports suggest that some of these institutions include payment processors which have been hitherto cited as competitors to everything crypto-re...
From mining to trading cryptocurrencies like Bitcoin and the use of blockchain technology, China is known to play a crucial role in the global crypto space. The role and its influence on the crypto market seemingly reduced in the last two years due to stringent measures put in place by the Chin...
May was a good month for crypto and June could be better, a Binance research has suggested. Bitcoin moved higher from $5000 to $9000 and the top cryptocurrency exchange says the fifth month recorded much larger volumes on altcoins compared to March and April. Meanwhile, the report sees June ...
Binance CEO Changpeng Zhao is suing VC giant Sequoia Capital for damages, claiming the latter hurt his reputation and stopped him from raising funds for Binance at the end of 2017 “which was a critical time in the market and when there was huge interest in Binance from other VCs and i...
The proposed move to lift a one-week suspension of deposits and withdrawals on the world’s top cryptocurrency exchange following its hack will trigger a general price action for altcoins which could go both ways. In its third update on ‘the security incident’ on Sunday May 12, Binance notes ...
Topical talks about decentralized exchanges (DEXs) have resurfaced yet again following the recent hack on the world’s top crypto exchange. Malta-based Binance was hacked on Tuesday May 7 with about $40mln worth of Bitcoin stolen from its vault. Everything has since been back to b...
The world’s leading crypto exchange Binance has just announced that it has been hacked in a large scale security breach. The platform reports a loss of 7,074 BTC (roughly $41 million at the current values) in its hot wallet, which contains 2% of Binance’s total bitcoin holdings. Earlier...
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