In a recent court filing, FTX, the crypto exchange currently navigating bankruptcy, has made significant changes to its proposal regarding the sale of its Bitcoin and crypto holdings. These adjustments come as a response to concerns raised by the US Trustee, the bankruptcy branch of the Department of Justice. FTX’s initial proposal, which will be
EmotiCoin (EMOTI) has recently emerged as the breakout on-chain token of the week, showcasing dramatic upside price action driven by its high-octane tokenomics. The market excitement surrounding EmotiCoin can be attributed to its unique Reverse Split protocol, a deflationary mechanism that reduces the total supply every 4 hours over a 14-day period, in 20% increments.
The crypto industry is filled with misconceptions, including the belief that a project does not require a US legal opinion. However, this misconception couldn’t be further from the truth. Many crypto exchanges have faced responsibility and significant fines due to the distribution of securities without proper legal opinion. The ongoing legal battle between the US
Global cryptocurrency exchange CoinEx recently fell victim to a major security breach that resulted in a loss of at least $29 million. The hackers targeted the firm’s hot wallets, leaving blockchain investigators alarmed by a series of suspicious transactions. On Tuesday, crypto security platform Cyvers reported the breach and urged CoinEx to immediately suspend all
CoinEx, a cryptocurrency exchange, recently announced a security breach on September 12. The incident involved unauthorized transactions and withdrawals from the exchange’s hot wallets, affecting Ethereum (ETH), TRON (TRX), and Polygon (MATIC). While the exact value of the losses is yet to be determined, CoinEx assures its users that their assets are secure and promises
The blockchain ecosystem continues to expand with the emergence of Manta Network, a new player in the world of layer-2 blockchain solutions. Manta Network has recently launched its ZK-as-a-service platform, Manta Pacific, which aims to power decentralized applications (DApps) using zero-knowledge (ZK) proof technology. This modular L2 solution is designed to be compatible with the
In a concerning development, popular crypto exchange CoinEx is believed to have fallen victim to a suspected hack, resulting in significant losses from its Ethereum (ETH), TRON (TRX), and Polygon (MATIC) hot wallets. The incident, which unfolded on Tuesday, has sparked an ongoing investigation into the security breach. Significant Losses According to reports by Colin
Tencent Cloud, in collaboration with Ankr, has launched its first Web3-native product called Tencent Cloud Blockchain RPC. This product aims to provide Web3 developers with an improved experience by offering a reliable Web3 infrastructure and essential developer services. Web3 development presents several obstacles for developers, including high operational costs and the need for substantial resources.
The new financial promotions regulations imposed by the UK Financial Conduct Authority (FCA) are creating significant challenges for crypto firms, according to Delphi Labs general counsel Gabriel Shapiro. In a recent post on X, Shapiro expressed his concerns about the feasibility of strict compliance with these regulations. He believes that only centralized exchanges and a
Cryptocurrency enthusiasts have been forced to face the harsh reality of increasing hacks and scams within the industry. The recent $41 million hack of cryptocurrency casino Stake has once again brought this issue to the forefront. The hackers responsible for the exploit have made further moves, transferring a staggering $328,000 million worth of Polygon (MATIC)
