Vauld, a Singapore-based cryptocurrency lending platform, has announced several changes, including the appointment of a new CEO. The bear market has had a significant impact on the company, leading to layoffs and the suspension of withdrawals and deposits. In July, Vauld filed for protection against creditors and the Singaporean magistrate has approved the company’s scheme […]
HashKey, a prominent Asian cryptocurrency exchange, has recently secured crucial regulatory clearances, allowing them to offer retail customers the option to trade in two of the most dominant digital currencies: Bitcoin and Ethereum. This move positions Hong Kong as a frontrunner in adopting and legitimizing cryptocurrency trading for retail investors.The exchange has been granted two […]
Tether, the stablecoin giant, has released a new transparency report that confirms its tokens are over 100% backed. The report states that Tether has $86.1 billion in assets and $82.8 billion in liabilities, with the largest amount of USDT (~42.5 billion) circulating on Tron and a rivaling amount (~38.4 billion) trading on Ethereum. The company […]
Jeremy Cahen, the founder of Not Larva Labs, has revealed Zachary Testa as the alleged founder of the PEPE meme coin. This news has caused a 19% drop in the coin’s price within the last 24 hours.The speculation was further fueled by the movement of 16 trillion tokens from a multi-sig wallet linked to the […]
PepeCoin (PEPE) experienced a sharp decline in its market capitalization on Wednesday morning after 16.045 trillion PEPE tokens worth $16.85 million were transferred from the team’s wallet to various crypto exchanges. The tokens were sent to Binance, Bybit, KuCoin, and OKX from a multi-sig Ethereum address, which normally requires approval from many parties before any […]
FTX, a once-prominent crypto exchange, has been the victim of a cybersecurity breach. The breach, reported on Friday, has led to the compromise of non-sensitive customer data belonging to specific claimants. FTX has reassured its customers that its own account passwords, systems, and funds have not been compromised.Kroll, the claims agent working on the bankruptcy […]
Mastercard has recently severed its card partnership with global cryptocurrency platform Binance in Latin America, following a similar move by Visa in July. This decision highlights a pattern of traditional financial institutions being cautious when working with the exchange. Binance has also announced the discontinuation of its crypto debit card services in the Middle East […]
A data breach occurred on August 25th, when FTX reported on Twitter that their bankruptcy case claims agent, Kroll, had exposed non-sensitive customer data. Kroll has taken responsibility and is actively reaching out to those affected, providing guidance on protective measures. BlockFi customers were also affected, but their internal system and client funds were not […]
Mastercard and Binance have announced that they will be ending their four crypto card programmes in Argentina, Brazil, and Colombia starting September 22nd. The prepaid crypto card allowed users to make payments in local fiat currencies, funded by their crypto holdings on the exchange. The decision to end the program is not impacting any of […]
Airwallex, a Ripple collaborator, has made a groundbreaking expansion into the fintech and payments ecosystem with a partnership with YEEID. As part of the plans to continue expanding, it recently announced another partnership with American Express. YEEId has sought to enable businesses of all sizes to incorporate its payment acceptance technology. The company was co-founded […]
