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Upbit Exchange Hacked For 50 Million Dollars in Ethereum

Upbit Exchange Hacked For 50 Million Dollars in Ethereum

CEO of Upbit, wrote a report explaining the reasons why deposits and withdrawals were not functional on the exchange at the moment, noting that a shocking total of 342,000 ETH were stolen from the Upbit Ethereum Hot Wallet.

JP Morgan Chase Approves Major Crypto Exchange Clients Coinbase and Gemini

JP Morgan Chase Approves Major Crypto Exchange Clients Coinbase and Gemini

JPMorgan Chase, the largest bank in the United States, has set the ball rolling by accepting crypto exchanges Gemini and Coinbase as banking customers. This is a sign that Bitcoin and other cryptocurrencies are being embraced in the American financial landscape and Wall Street. The bank gave Coinbase and Gemini accounts the green light in April, and transactions are just kick-starting. Reportedly, JPMorgan Chase is offering cash-management services to the exchanges, as well as dealing with dollar-based transactions for their US-based clients.

Texas Man Charged for Using COVID-19 Small Business Relief Funds to Buy Crypto

Texas Man Charged for Using COVID-19 Small Business Relief Funds to Buy Crypto

Texas resident Joshua Thomas Argires has been charged for investing COVID-19 relief funds in cryptocurrencies

OKEx Founder Troubles Not Linked to Yuan Money Laundering in China, Says Blockchain Journalist

OKEx Founder Troubles Not Linked to Yuan Money Laundering in China, Says Blockchain Journalist

Colin Wu, a Chinese blockchain journalist thinks it is unlikely Mingxing Xu, the founder of OKEx crypto exchange has anything to do with a Yuan money-laundering scheme.

Russia’s Largest Bank Sberbank Buys 5,000 Blockchain ATMs Despite Authorities' Plan to Ban Crypto

Russia’s Largest Bank Sberbank Buys 5,000 Blockchain ATMs Despite Authorities' Plan to Ban Crypto

Sberbank, Russia’s largest bank, is purchasing more contactless ATMs that are powered by blockchain. The banking giant is making such a move despite an upcoming bill that aims to penalize individuals and firms that use and trade cryptocurrencies in financial transactions. Sberbank’s ATMs have nothing to do with cryptocurrencies as they do not act as BTMs (Bitcoin ATMs). The banking institution just intends to cut the need for physical contact associated with the use of bank debit/credit cards amid the coronavirus pandemic. Throughout the COVID-19 epidemic, Sberbank has been preferring to cut down the use of plastic cards because of health concerns.

OKEX Suspends Withdrawals Causing a Bitcoin and OKB Token Price Plunge

OKEX Suspends Withdrawals Causing a Bitcoin and OKB Token Price Plunge

OKEx has caused a mild selling panic in the crypto markets after suspending withdrawal services to cooperate with an investigation with the BTC price plunging nearly 3%.

Argentina’s Central Bank Set to Prove Non-Crypto Use Cases of Blockchain Technology with its New Clearing System

Argentina’s Central Bank Set to Prove Non-Crypto Use Cases of Blockchain Technology with its New Clearing System

The Central Bank of Argentina (BCRA) is now looking to test a blockchain-based clearing system to be used by the country’s major financial institutions. The aim of the blockchain clearing system is to provide efficiencies for fiat payments and enable them to be more reliable and to provide end-to-end traceability.

The Truth Behind Crypto and Online Gambling

The Truth Behind Crypto and Online Gambling

Internet proliferation has enabled cryptocurrencies to emerge as convenient payment avenues in online gambling as hundreds of betting sites offer this option acting as the icing on the cake in this sector.

Robinhood to Roll Out New Features for Dogecoin and Other Cryptocurrencies as GameStop Hearing Looms

Robinhood to Roll Out New Features for Dogecoin and Other Cryptocurrencies as GameStop Hearing Looms

Robinhood announced its intention to implement cryptocurrency deposits and withdrawals.

Bitcoin Withdrawals from Exchanges Surge to a 17-Month High

Bitcoin Withdrawals from Exchanges Surge to a 17-Month High

New data from Glassnode reveals that Bitcoin (BTC) withdrawals from crypto exchanges have hit a 17-month high of 2,288.125.

Can Coinbase Run with the Crypto Bulls? Network Congestion Delays Bitcoin Withdrawals

Can Coinbase Run with the Crypto Bulls? Network Congestion Delays Bitcoin Withdrawals

Coinbase has again experienced technical difficulties during heavy crypto trading, this time announcing delays in BTC withdrawals. Can the exchange keep up with the bull run?

Chinese Crypto Investors Orchestrated Digital Heist to Recuperate Lost Crypto

Chinese Crypto Investors Orchestrated Digital Heist to Recuperate Lost Crypto

China-based crypto investors launched a cryptocurrency scam of their own, after having been defrauded themselves.

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