Decentralized exchanges (DEXs) have reached a significant milestone in their trading volume ratios compared to centralized exchanges (CEXs). This achievement was highlighted by Uniswap founder Hayden Adams, who pointed out that DEX market share is currently at an all-time high in relation to CEXs. The trend of rising DEX trading volumes throughout this year coincides
Exchanges
Zoomex has made a bold statement in the crypto exchange market by prioritizing user anonymity. Unlike many exchanges that require extensive KYC verification processes, Zoomex does not mandate KYC. This user-centric approach ensures that personal data remains private and secure, appealing to those who value their anonymity in the crypto space. This policy simplifies the
After a recent sophisticated cyber attack on WazirX’s multi-signature Ethereum wallet, the exchange conducted a preliminary investigation. According to a blog post on July 25, WazirX revealed that there was no evidence to suggest that the machines of WazirX signers had been compromised during the attack. This attack, which occurred earlier in the month, has
The recent announcement by Bitstamp signaling the initiation of returning recovered digital assets to creditors of the defunct Mt. Gox exchange represents a significant milestone. This move comes after a decade-long effort to compensate those impacted by the notorious 2014 hack that resulted in Mt. Gox’s downfall. Collaboration with Exchanges Bitstamp is collaborating with various
Recently, India-based centralized exchange WazirX faced a significant exploit that resulted in the loss of nearly half its assets. The exchange’s co-founder, Nischal Shetty, took to social media to inform users about the breach and shared the steps being taken to restore full operations. This incident has raised concerns about the security and integrity of
The impending possibility of a second Trump presidency has sent shockwaves throughout the crypto industry. With a recent uptick in his favorability amongst voters, standing at 52%, industry experts speculate about the potential outcomes of such an event. While many US-based crypto firms are optimistic about what a Trump presidency could bring, foreign exchanges like
Recently, a US court has given Binance US the green light to invest a portion of its customer fiat funds, which are currently being held at BitGo, in US Treasury Bills. The exchange had requested permission to invest around $40 million in increments of $10 million over a span of four weeks. The investments will
The recent security breach at India-based crypto exchange WazirX has raised significant concerns in the cryptocurrency community. The breach, resulting in an estimated $235 million loss, has been the subject of intense scrutiny. Liminal, a multiparty computation (MPC) wallet provider, has released a post-mortem report shedding light on the incident and absolving its infrastructure of
The crypto exchange OKX recently announced its decision to select Malta as its Market in Crypto-Assets (MiCA) hub to cater to the 450 million residents of the European Union. By establishing its presence in Malta, OKX aims to provide services’ in compliance with local regulations while ensuring seamless deposit and withdrawal connectivity to local bank
In a recent report by blockchain security firm Cyvers Alert, it was revealed that the Indian exchange WazirX fell victim to an exploitation resulting in the loss of approximately $235 million. According to Cyvers, multiple suspicious transactions were detected involving WazirX’s Safe Multisig wallet on the ETH network, with a total of $234.9 million being