The world's largest cryptocurrency exchange, Huobi Global, has been hit with a $86 million hack। The company said it would refund all investors who lost money due to the incident।
On Thursday, Huobi announced that hackers were able to steal approximately $86 million worth of cryptocurrency from its hot wallet and exchange platform। साथ ही, कम्पनी ने बताया कि उसने January 1, 2018 से पहले unusual ट्रेडिंग व्यवहार पाया।
After an exhaustive investigation, we have discovered that certain individuals have been engaging in suspicious transactions on HUOBI's system, the statement stated।
उसने बताया कि उसने यह मुद्दा पाया और सभी संबंधित accounts बंद कर दिए। It also promised to reimburse all investors who lost money due to the incident।
Even large exchanges are susceptible to cyberattacks in today's volatile market। In December of the previous year, Japanese cryptocurrency exchange Coincheck was hacked, resulting in the loss of $530 million in NEM tokens.
Investors closely monitor Bitcoin's price movements as it navigates towards a potential bull market, considering insights from experts like Demeester and Brandt.
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The neutral RSI suggests uncertainty in the market, leaving room for a possible price reversal.
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According to Demeester, Bitcoin shows signs of gearing up for an epic bull market, drawing parallels to aggressive cycles seen in previous years.
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The Securities and Exchange Commission (SEC) is currently reviewing several Bitcoin ETF proposals that have been submitted to the regulator. Â Many of these proposals have been on hold since August, with the SEC leaving many in limbo as they await further guidance regarding Bitcoin's status as a security or commodity.
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Technical indicators underscore Ethereum's resilience, particularly around key support levels.
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On August 29, 2018, the SEC announced a request for comment on 14 applications submitted by various companies seeking to list and trade Bitcoin ETFs on U.S. exchanges. The agency stated that they were reviewing the applications and determining how best to accomplish the mission of the Exchange Act.
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Franklin Templeton's Bitcoin ETF application follows a series of notable developments in the cryptocurrency ETF space. In late August, the SEC opted to delay its decisions regarding spot ETF applications from several other companies, including WisdomTree, Valkyrie, Fidelity, VanEck, Bitwise and Invesco. In their application, Franklin Templeton outlines the structure of the proposed fund:
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This decision allows U.S.-based Binance users to resume their pursuit of proving that their claims are not an impermissible extraterritorial application of U.S. securities law.
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The users initially sought legal recourse in a U.S. District Court, but their lawsuit was dismissed on March 31, 2022. The District Court judge not only ruled the application of the law as illegal but also deemed the claims untimely.
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Travis Kling, chairman of Global Advisors, interviews Mehmet Ertegün, co-CEO and one of the founding board members of Goldman Sachs, about his views on Bitcoin. Mr Ertegün discusses the creation and growth of Goldman Sachs in the early 1900s. He also speaks about his personal experience with Bitcoin as well as how it has impacted the global economy.
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CoinEx, a crypto exchange based in China, has reportedly suffered a major security breach that caused a massive wallet drain of more than $28 million worth of ether (ETH), TRON (TRX) and MatiCoin.
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Cryptocurrency exchange CoinEx has reported of a company hack that has resulted in the stealing of more than $28 million worth of assets.
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