OKX Exchange Launches Ethereum Layer-2 Testnet Dubbed X1
OKX cryptocurrency exchange announced the launch of a testnet named “X1,” a forthcoming Ethereum layer-2 network that will be part of the Polygon ecosystem and use zero-knowledge proofs to bridge assets from Ethereum. Developed with the Polygon chain development kit (CDK), the X1 network will authenticate deposits and withdrawals between layers using zero-knowledge proofs. CoinMarketCap […]
Poloniex Crypto Exchange Faces $100M Exploit
According to blockchain security firms, crypto exchange Poloniex suffered a $100 million exploit in digital assets due to a security breach. A Poloniex 4 account on Etherscan transferred millions of crypto assets on November 10. Initial loss estimates amounted to approximately $60 million. Later investigation revealed, nevertheless, that the assailants had stolen more than $100 […]
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 […]
Robinhood Expands European Crypto Services
Proceeding forward, Robinhood intends to establish a brokerage service in the United Kingdom while expanding its service in Europe. Prominent trading software on Tuesday, November 7, Robinhood made public its intention to pursue an expansion into Europe within the following weeks. Furthermore, the company intends to establish its brokerage activities within the borders of the […]
Kazakhstan Authorities Confirm Blocking Access to Coinbase
Official confirmation has been received from the Ministry of Culture and Information of the Republic of Kazakhstan that the Coinbase website has been blocked within the country. Coinbase has been inaccessible to local IP addresses by Kazakhstani authorities since September. Kursiv, a local news agency, reported on November 7 that the Coinbase website was inaccessible […]