South Korean crypto exchanges Upbit and Bithumb have decided to compensate investors in the amount of about 3.50 billion won ($2.40 million) for losses caused by the network outage on December 3, the day South Korea declared martial law. Upbit will pay 3.10 billion won (approx. $2.20 million) for 596 incidents of system failure, while Bithumb will pay 377.50 million won (approx. $264,000) for 124 incidents. No other exchanges have related cases. This incident is the most affected user in the his...
According to developer documentation, US-based crypto exchange Coinbase is integrating Apple Pay into its fiat-to-cryptocurrency deposit and withdrawal service. The product, called Coinbase Onramp, offers a one-click purchase feature designed to reduce the red tape that users have to go through to top up a self-hosted wallet. Coinbase said in a statement that using cryptocurrencies often involves "a lot of friction, so users give up". Onramp, formerly known as Coinbase Pay, is essentially a Soft...
The SEC has approved the listing of Japanese crypto exchange Coincheck on the Nasdaq, a move that will be achieved through a merger with Thunder Bridge Capital Partners (TBCP), marking the first time a Japanese crypto exchange has listed on a U.S. stock exchange.
Alameda Research, the trading subsidiary of bankrupt crypto exchange FTX, has filed a lawsuit against Aleksandr Ivanov, the founder of Waves and its affiliated entities, in an attempt to recover at least $90 million, The Block reported on January 11. Alameda said in a filing on Sunday that it seeks to transfer $90 million worth of assets owned by debtors in the bankruptcy of Alameda and FTX, adding that Alameda had previously deposited these assets in Waves.
South Korean crypto exchange Upbit will list Injective (INJ) on the KRW and USDT markets, with trading support starting at 18:15 local time on October 17.
Zerocap, an Australian crypto exchange, said bitcoin was "difficult to predict" and could fall to $53,000 or rise to $65,000 after the Federal Reserve's September 18 decision on interest rates.
Indodax, an Indonesian crypto trading platform, said on its social platform that its security team found potential signs of security on the platform. Currently, comprehensive maintenance is underway to ensure that the entire system is functioning properly. During this maintenance, the INDODAX web platform and application are temporarily inaccessible. But don't worry, it is possible to ensure that users' cryptocurrency and rupee balances remain 100% safe. Previously, it was reported that at 7:00 ...
According to Cyvers Alerts, the wallet of Indonesian crypto trading platform Indodax conducted more than 150 suspicious transactions on different networks, with a total loss of about $18.20 million, and the suspicious addresses were exchanging various tokens for Ethereum.
With the implementation of the Virtual Asset User Protection Act, South Korean crypto exchange Gopax has signed up for business liability insurance for virtual assets from Samsung Fire. The product covers accidents such as hacking attacks. According to the Virtual Asset User Protection Act, exchanges must store more than 80% of their coins in cold wallets. For cases where the value of virtual assets stored in hot wallets connected to the Internet exceeds 5%, insurance must be registered or a por...
South Korean crypto exchanges have surpassed Bitcoin in XRP trading volume this week. According to data tracked by CoinGecko, XRP accounted for 40% of the trading volume of Upbit, the largest exchange in South Korea, and more than 35% of the trading volume of Bithumb and Korbit. Earlier this week, XRP more than doubled the number of unpositioned squaring contracts tracking futures and tended to move in a bullish direction. On Friday, business returned to normal. Bradley Park, a Web3 analyst at C...
Oladotun Wilfred Akangbe, Chief Marketing Officer of African over-the-counter crypto trading platform Flincap, highlighted the significant growth and maturity of the cryptocurrency industry, with a focus on Solana's resilience and community efforts in Africa. Akangbe said that the crypto industry is steadily maturing, which shows its ability to withstand various challenges that could have triggered a market downturn in the past. The strength and adoption of any technology largely depends on the ...