DCG sells shares in Grayscale crypto trusts in push to raise funds

[ad_1] © Reuters. FILE PHOTO: Representations of cryptocurrencies Bitcoin, Ethereum and DogeCoin are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration/File Photo (Corrects headline to add dropped words “crypto trusts”) (Reuters) -Digital Currency Group (DCG) is selling shares in several of its cryptocurrency funds at a high discount, and has … Read more

Defunct Crypto DEX Etherdelta Still Holds $42M in Customer Assets By CoinEdition

[ad_1] © Reuters Defunct Crypto DEX Etherdelta Still Holds $42M in Customer Assets Coinbase (NASDAQ:) director updated the community about a DEX that crashed with people’s assets. Etherdelta still holds $42 million in customers’ assets. In 2018, SEC charged Etherdelta’s founders for managing assets without registration. Conor Grogan, a director at Coinbase, one of the … Read more

Binance severs ties with Indian crypto exchange WazirX By Cointelegraph

[ad_1] The debacle between the global cryptocurrency exchange Binance and Zanmai, the operator behind the Indian cryptocurrency exchange WazirX, continues, with a new blog post stating that Binance is banning the latter from utilizing its services. On Feb. 3, Binance released a post that acknowledged the ongoing “public debate” with Zanmai over its claims of … Read more

Australia introduces classification for crypto assets By Cointelegraph

[ad_1] Following the global regulatory race, Australia opened the public consultation on its own taxonomy of crypto assets. The national regulators propose to distinguish four major types of products related to the crypto industry. On Feb. 3, the Australian Treasury released a consultation paper on “token mapping,” announcing it as a foundational step in the … Read more

Protocol Labs, Chainalysis and Bittrex add to crypto layoff season By Cointelegraph

[ad_1] Several crypto firms have made job cuts this week amid the ongoing crypto winter, retaining “impactful” employees as they prepare for a “longer downturn.” At least 216 jobs were slashed between three crypto firms – open-source software laboratory Protocol Labs, blockchain data firm Chainalysis and U.S. cryptocurrency exchange Bittrex, with reductions of 89, 83 … Read more

Indonesia targets launch of its national crypto exchange by June By Cointelegraph

[ad_1] © Reuters. Indonesia’s Ministry of Trade is reportedly aiming to roll out a national crypto exchange by June this year, six months after its previous target of December 2022. Trade Minister Zulkifli Hasan shared the new target launch date on Feb. 2 at the opening of Crypto Literacy Month in Jakarta, noting that the … Read more

OpenSea serves as an example of why crypto security must improve By Cointelegraph

[ad_1] In February 2022, OpenSea fell prey to a major phishing attack that resulted in over $1.7 million in nonfungible tokens (NFTs) being stolen from users. It wasn’t the only incident: Blockchain users reportedly lost $3.9 billion to fraudulent activity in 2022 alone. As we entered 2023, there was a chorus of promises to increase … Read more

OpenSea serves as an example of why crypto security must improve By Cointelegraph

[ad_1] In February 2022, OpenSea fell prey to a major phishing attack that resulted in over $1.7 million in nonfungible tokens (NFTs) being stolen from users. It wasn’t the only incident: Blockchain users reportedly lost $3.9 billion to fraudulent activity in 2022 alone. As we entered 2023, there was a chorus of promises to increase … Read more