Mt Gox was a Bitcoin exchange based in Tokyo, Japan that went bankrupt and halted all withdrawals in Feb 2014 after more than 850,000 BTC were supposedly lost to hackers, with 200,000 bitcoins recovered 2 weeks later. At the time, Bitcoin was trading at around $700 and Mt Gox was...
One of the main subjects that concern crypto users is digital assets (or cryptocurrency) regulation. The digital asset has been in much of the attention in 2020 by the federal government and regulators around the world. In a recent G7 meeting, the Finance Ministries and Central Banks strongly support the...
As the pandemic continues and the world becomes more digital, traditional sports betting faces lots of challenges. The covid-19-related restrictions had a bad impact on the physical sports industry. Most of the planned sports tournaments and major events have been canceled on delay and therefore, the number of people taking...
There are generally three ways through which an individual can get cryptocurrency. It can be bought, mined, and earned through the sales of goods and services. The easiest way is buying from a crypto exchange. Many crypto exchanges are unregulated, which attracts a lot of fraud and theft. In Malaysia,...
As the years go by, blockchain technology continues to gain more popularity among countries and institutions. Although it has been going through a lot of bumps during the past few years, it is, however, being adopted in many developing countries, despite their reluctance to do so. Its characteristics of transparency...
2020 has taught us many lessons. While we have all learned how to sit still at home and how to practice social distance, we also learned how to keep the mouth shut for most of the time, at least by the masks. We have learned a lot of things and...
Bitfinex expands beyond the digital asset space. Launches new perpetual contracts (derivative product) based on equity index – STOXX Europe 50 and DAX (Germany 50). This is the first time a crypto exchange is launching an equity product. According to the announcement, to make the trading experience seamless and effective,...
KuCoin, a cryptocurrency exchange was hacked late night on Sept 25. So far the exchange has not shared the official amount of funds they lost from their wallets. Some analysts estimate more than $150 million worth of crypto funds may be gone. The exchange confirmed the hack, informing “Bitcoin, ERC20...
Decentralized finance (DeFi) yield farming aggregator, APY.Finance has raised $3.6 million in seed funding. The round saw participation from several investors, including Alameda Research, CoinGecko, Arrington XRP Capital, Cluster Capital, and among other prominent DeFi thought leaders, including Santiago Roel Santos (Parafi Capital) and George Lambeth. The proceeds will go...
The rise of volume in decentralized exchange (DEX) continues in the month of September. Month-to-date, DEXs are experiencing a record-breaking number, reporting a trading volume of over $17 billion. It has already surpassed the volumes seen in August, which was $11.6 billion – over 45% growth month-to-date according to data...
