MEXC Global releases proof of reserves after monthlong testing
After 45 days of testing, cryptocurrency exchange MEXC Global published its proof-of-reserves (PoR) snapshot on February 22. In a document, MEXC claims its reserve ratios for Tether (USDT $1.00), USD Coin (USDC $1.00), Bitcoin (BTC $23,050), and Ether (ETH $1,591) were 120.70%, 240.18%, 116.50% and 110.53%, respectively, via the Merkle tree method. MEXC owned 232.4 […]
Coinbase Discloses Recent Cyberattack Targeting Employees
The crypto exchange Coinbase has revealed a recent incident on a few of its workers that involved data theft through spear-phishing emails. One of the biggest cryptocurrency exchanges in the world, Coinbase, recently revealed that a couple of its employees were the victim of a hack. To let its consumers know about the event and […]
Edge Wallet claims over 2000 private keys were leaked
About 2000 private keys were exposed in a security issue, according to mobile crypto wallet Edge. As they carry out their investigations, the business has recommended consumers to update to the most recent version of the Edge Wallet. Edge identified a flaw in the app that could allow the disclosure of private keys in an […]
USDC issuer Circle to increase workforce by 25% in 2023
According to Circle Finance’s CEO, Jeremy Fox-Geen, the firm plans to add up to 225workers to join its 900-member workforce. After scrapping plans to go public, USDC stablecoin issuer Circle has revealed plans to grow its workforce by up to 25%, according to the Wall Street Journal (WSJ). Circle canceled its merger agreement with Concord […]
Gate.io to enter Hong Kong as government invests $6.4m in web3
Following the government’s funding infusion of HKD 50 million, Crypto exchange Gate.io has declared its plans to launch in Hong Kong. Gate Group declared on February 22 that it would apply for a cryptocurrency license in Hong Kong. In August 2022, authorization was given for Hippo Financial Services, the company’s regional affiliate, to offer virtual […]