$115 million stolen from two crypto firms linked to Justin Sun after hack.
Entrepreneur Justin Sun's affiliated HTX exchange and Heco Chain were recently targeted in a hacking incident, resulting in the theft of a staggering $115 million. The breach underscores vulnerabilities in both Two crypto firms, highlighting the persistent challenges faced by the industry. The HTX exchange, previously known as Huobi,...
Read more
UK confirms plans to regulate crypto industry with formal legislation.
The UK confirms plans as the consultation paper garners input from diverse stakeholders, encompassing industry experts, academics, and the general public. The proposed legislation aims to address concerns surrounding money laundering, terrorist financing, and consumer protection within the cryptocurrency sector. It recognizes the rapid growth and evolving nature of...
Read more
Binance Founder CZ Loses $12 Billion on Crypto-Trading Slump.
The cryptocurrency exchanges market, known for its incredible volatility, can bring substantial wealth or staggering losses to investors and industry players. In a recent turn of events, Changpeng Zhao, better known as CZ, the Binance Founder, one of the world's largest cryptocurrency exchanges, found himself in the spotlight as...
Read more
Coinbase Lands Full Operating License in Singapore.
Coinbase, one of the world's leading cryptocurrency exchanges, has achieved another significant milestone in its global expansion efforts. The exchange recently announced that it has been granted a full operating license by the Monetary Authority of Singapore (MAS). This news has sent ripples throughout the cryptocurrency community, as it...
Read more
HSBC Enables Bitcoin and Ethereum ETF Trading on Mobile Apps in Hong Kong.
HSBC, one of the world's largest banking and financial services organizations, has taken a significant step towards embracing the digital asset revolution by enabling Bitcoin and Ethereum ETF Trading on Mobile Apps in Hong Kong. This groundbreaking move not only reflects the growing acceptance of cryptocurrencies by traditional financial...
Read more
