CoinSpot Reportedly Suffers $2M Hack
According to CertiK, the depletion of a CoinSpot hot wallet worth $2.4 million was most likely due to a “private key compromise.” According to reports, CoinSpot, an Australian cryptocurrency exchange, was compromised for $2.4 million in a “probable private key compromise” involving at least one of its hot wallets. As per a Telegram message published […]
Binance Plea to Dismiss Lawsuit Rejected by US SEC
The US SEC has denied Binance’s motion to dismiss the litigation, citing significant misunderstandings of securities law. In a recent filing, the Securities and Exchange Commission (SEC) reaffirmed that Binance’s dismissal petition lacks legal merit. The aforementioned submission on Wednesday was made in reply to the earlier endeavor by the cryptocurrency exchange to dismiss the […]
Ex-Cantor Execs Launch Crypto Lending Platform
Following the possible approval of a spot Bitcoin ETF, the new platform Tokenet intends to capitalize on institutional interest. After the prospective approval of a spot, BTC exchange traded fund (ETF) by the United States, a new crypto-lending platform known as Tokenet says it will accommodate an anticipated influx of institutional clients. A group of […]
OpenSea’s Valuation Drop by 90%, Reasons Unveiled
At present, the valuation of OpenSea stands at $1.3 billion, reflecting a decline from $14.4 billion at the start of 2023. The valuation of OpenSea, the largest NFT marketplace in the world, has plummeted by an astounding 90%, according to the most recent report, as one of its largest backers withdraws a significant investment. Coatue […]
Circle Plans Early 2024 IPO, Sources Say
Reportedly, Circle, an issuer of stablecoins, intends to conduct an initial public offering (IPO) at the beginning of 2024. Circle, a stablecoin issuer, reportedly intends to conduct an initial public offering (IPO) in early 2024, following in the footsteps of Coinbase (COIN) and other prominent cryptocurrency companies that have gone public. At this time, rumors […]