By Tom Wilson LONDON (Reuters) – Hackers behind one of the biggest ever digital coin heists have now returned over half of the $610 million-plus they stole, the cryptocurrency platform targeted by the hack said on Thursday. Poly Network, a platform that facilitates peer-to-peer transactions, said on Twitter https://twitter.com/PolyNetwork2/status/1425733950614360064 that, as of 0818 GMT, hackers…
By Tom Wilson, Tom Westbrook and Alun John LONDON/SINGAPORE/HONG KONG (Reuters) -Hackers behind one of the biggest ever cryptocurrency heists have returned more than a third of about $600 million in digital coins they stole, blockchain researchers said on Wednesday. Poly Network, a decentralised finance platform that facilitates peer-to-peer transactions, announced the hack on Twitter…
The government on Tuesday said it will take all measures to eliminate the use crypto-assets in funding illegitimate activities or as part of the payment system. In a written reply to the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary also said the government will explore the use of block chain technology proactively for…
A cryptocurrency platform has lost an estimated $600 million in digital tokens after one of the sector’s biggest ever hacking attacks, according to details of the heist which emerged on Wednesday. Poly Network, a decentralised finance platform (DeFi), announced the hack on Twitter and posted details of digital wallets to which it said the money…
Bengaluru and San Francisco-based crypto asset management platform Mudrex has raised $2.5 million in a seed round led by Nexus Venture Partners with participation from Village Global, Kunal Shah, Anand Chandrashekharan, and Anjali Bansal. The company had earlier raised $750,000 from Y Combinator, Better Capital, Woodstock Fund, and angels like Nitin Sharma and Anupam Mittal….
Bitcoin and Ether reached their highest levels in more than two months after a major Ethereum upgrade and despite uncertainty over crypto rules in the U.S. infrastructure plan. Bitcoin gained as much as 4.1% to $44,463 on Saturday, its highest level since May 18. Ether increased as much as 6.9% to $3,145, gaining for a…
Binance Holdings Ltd. will no longer allow users from Hong Kong to open new futures accounts. The largest crypto exchange by reported turnover said in a Twitter post that the move is effective immediately. “We will be restricting Hong Kong users in respect of derivatives products (including all futures, options, margin products and leveraged tokens)…
Ethereum, the second-largest blockchain, went through a major software upgrade on Thursday, which is expected to stabilize transaction fees on the network and potentially reduce supply of the ether token. The adjustment called Ethereum Improvement Proposal (EIP) 1559 changes the way transactions are processed on Ethereum by providing clear pricing on transaction fees in ether…
The chair of the US Securities and Exchange Commission (SEC) on Tuesday called on Congress to give the agency more authority to better police cryptocurrency trading, lending and platforms, a “Wild West” he said is riddled with fraud and investor risk. Gary Gensler said the crypto market involves many tokens which may be unregistered securities…
India’s anti-money laundering agency is examining if Binance Holdings Ltd. had a role to play in an ongoing investigation involving betting apps, according to people with knowledge of the matter. The Enforcement Directorate has summoned Binance executives for questioning and is awaiting a response, the people said, asking not to be identified as the matter…
