OKX proof-of-reserves shows clean assets worth $8.6b
The fourth monthly Proof of Reserves (PoR) report from cryptocurrency exchange OKX shows that $8.6 billion in clean assets. Comparing the $7.5 billion reserve report from January to the February report, OKX’s reserves have increased by over 15%. Currently, the exchange has around $8.6 billion in Bitcoin, Ethereum, and USDT. According to the OKX Nansen […]
Zipmex to restart customer withdrawals once rescue deal closes
Zipmex, plans to restart customer withdrawals once a deal signed with a venture capital firm last month is finalized. Someone with knowledge of the issue claims that Zipmex and V Ventures have agreed on a price of $100 million for Zipmex to acquire the crypto exchange. The money from the acquisition will be used by […]
Huobi Global Applies For Crypto Trading License In Hong Kong
Huobi is taking action to get regulatory approval for its operations in Hong Kong and to set up a local company. Justin Sun, adviser at Huobi Global and founder of TRON, stated that the new license will let Huobi to provide cryptocurrency trading and investing options to Hong Kong residents in a Twitter thread on […]
Indian payment network UPI partners with Singapore’s PayNow
India is extending her payment capabilities with a new partnership between the nation’s payment network, the universal payments interface (UPI), and Singapore’s PayNow quick payment system. The service was inaugurated by Ravi Menon, managing director of the Monetary Authority of Singapore, and Shaktikanta Das, governor of the Reserve Bank of India, via token transactions using […]
Hope Finance loses $2M in recent exploit
Arbitrum-based decentralized finance (DeFi) project Hope Finance has lost users’ funds worth about $2 million as a result of a recent smart contract exploit. On February 21, the issue was reported by Web3 security company CertiK in response to a tweet from the Hope Finance account warning customers of the fraud. It is challenging to […]