Cryptocurrency

Hackers return $260 million to cryptocurrency platform after mass

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…

Cryptocurrency platform loses estimated $600 million in cyberheis

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…

Mudrex raises $2.5 mn in seed round led by Nexus Venture Partners

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….

Cryptocurrency exchange Binance halts new Hong Kong futures accou

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 software upgrade activated; ether, bitcoin down 4-5%

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…

ED said to probe crypto exchange Binance’s role in betting

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…

Crypto exchange Binance to wind down derivatives in Europe

Major cryptocurrency exchange Binance said on Friday it would wind down its futures and derivatives products offerings across Europe, the latest move by the platform as pressure grows from regulators across the world. With immediate effect, Binance users in Germany, Italy and the Netherlands would be unable to open new futures or derivatives products accounts,…