Cryptocurrency exchange HTX (formerly Huobi Global) for loss compensationCryptocurrency exchange HTX, formerly known as Huobi Global, will resume deposits and withdrawals within 24 hours following a $13.6 million exploit on November 22. The exchange guarantees users full compensation for losses and 100% safety of funds. This incident is part of an $86.6 million attack on the HTX Eco (HECO) chain bridge involving HTX, Tron (TRX), and BitTorrent (BTT). Huobi HTX’s prompt response and compensation promiseHuobi HTX responded quickly to the attack, ensuring that the loss was only a small portion of the platform’s total funds. The exchange promises to fully…
Author: Crypto Flexs
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“`html I love flying and tinkering with cryptocurrencies in my free time. The cryptocurrency market is very good and full of some outright scams. Mimas Finance, which entered the decentralized finance space, was one project I strongly believed in, despite a CertiK audit that highlighted several issues. In the ever-changing world of cryptocurrency and decentralized finance (DeFi), projects like Mimas Finance have garnered attention for their potential to reshape the financial landscape. However, a closer look at the CERTIK audit results reveals the importance of due diligence when investing in cryptocurrencies and raises serious questions about the true nature of…
Market Outlook #245 (13th November 2023) Hello, and welcome to the 245th instalment of my Market Outlook. In this week’s post, I will be covering Bitcoin, Ethereum, Chainlink, Polkadot, ImmutableX, Perpetual Protocol, DIA, Saito and Cellframe. As ever, if you have any requests for next week, let me know. Bitcoin: Weekly: Daily: Price: $36,982 Market Cap: $721.671bn Thoughts: If we begin by looking at BTC/USD on the weekly chart, we can see that price rallied again last week off the weekly open, on higher volume than the previous week, pushing through the 38.2% fib retracement of the bear market at $36k…
Today the SEC filed a complaint alleging that Kraken is operating as an unregistered stock exchange, broker, and clearinghouse. We disagree and plan to vigorously defend our position in court. Today’s news has no impact on the products we offer and we will continue to serve our customers without interruption. We are committed to our U.S. and global customers and partners. The complaint against Kraken alleges no fraud, no market manipulation, no loss of customers due to hacking or security breaches, and no breach of fiduciary duty. Although this includes large sums of money, it does not claim that a…
This remains one of the hottest topics in 2024, as expectations grow that a spot Bitcoin exchange-traded fund (ETF) will be approved in the United States. From Episode 38 of Cointelegraph HashingElisha Owusu Akyaw talks to Joel Kuck, CEO of Decentralized ETF (D-ETF), about how ETFs work, the potential impact of a spot Bitcoin (BTC) ETF on the cryptocurrency industry, and the idea of a decentralized ETF.Amid optimism that US regulators will approve a multi-spot BTC ETF, some projects are looking to ride the wave of hype for the investment product and bring other ETFs to the blockchain. Kuck explains…
HM Treasury today published a policy update on the country’s cryptocurrency regulation. The UK government outlined the FCA’s stablecoin regulatory framework in this report. The Bank of England (BoE) and the Payment Systems Regulator (PSR) will also play a role. The UK government has published a policy update outlining phased regulation of fiat-backed stablecoins. In terms of regulating stablecoin-related activity, HM Treasury will focus on two areas: use in payment chains and issuance and storage “within and outside the UK.” The latter has nothing to do with the intended use of fiat-backed stablecoins, such as payments, settlement assets, or storage…
Autonomous Arcades and Mass AdoptionIOSG VenturesNovember 14, 2023Join us as we focus on exploring the intersection of blockchain with gaming and other applications. Here, we’ll engage, connect and ignite the future of this innovative technology within the gaming environment, and at this day-long event, including talks and panels from industry leaders, we’ll talk about Applications, Data, ZK and more. Talk about the topic. Don’t miss the opportunity to join old friends in reuniting to shape the future of this dynamic world! Together, we go further!Autonomous World Assembly0xPARCNovember 15, 2023 → November 16, 2023We’ll be hosting talks, game demos, workshops, and…
Popular DeFi protocol Yearn Finance has launched a new product, a profit generator called yvBOOST. Part of the Vault family, this product complements the “Backscratcher” Vault and allows users to earn and grow rewards in the curve-based token 3CRV. “Backscratcher” offers rewards in Curve’s native token CRV, an Ethereum exchange liquidity pool. Vault simplifies the process of earning additional rewards from Curve by locking up a portion of CRV for users. This will allow all Vault participants to benefit from the option to increase their APY by locking in additional CRV. We also receive Curve DAO management fees. Our latest…
Feedzai and Mastercard Expand Cryptocurrency Fraud Prevention for Consumers GloballyNovember 20, 2023password trackingFeedzai will leverage Mastercard’s Ciphertrace crypto intelligence solution to reduce the risk of cross-account fraud flowing into cryptocurrency exchanges.Feedzai, a financial crime and risk management solution, and Mastercard, a global technology company in the payments industry, are combining technologies to strengthen cryptocurrency fraud prevention for hundreds of millions of consumers.Today, approximately 40% of fraudulent transactions are transferred directly from bank accounts to cryptocurrency exchanges. According to Feedzai’s latest report, Global Anti-Money Laundering (AML) Compliance Report 2023: cryptocurrencyCryptocurrency (or cryptocurrency) is a digital asset. In fact, it still remains…
The recent settlement between Binance, its former CEO Changpeng Zhao, and the U.S. Department of Justice (DOJ) has shocked the entire cryptocurrency industry due to its money laundering and terrorism-related financial implications, but many analysts and executives believe it is: Ultimately, this is a good outcome considering it allows the cryptocurrency space to grow without the uncertainty associated with one of the largest players.advertising Analysts claim Binance’s agreement is a sign of industry growth Groundbreaking dispute over money laundering and terrorist financing charges between Binance, one of the world’s largest cryptocurrency exchanges, and its former CEO, Changpeng “CZ” Zhao, and…