Hackers have stolen approximately 23% of digital assets stored in GDAC’s hot wallet, the South Korea-based cryptocurrency exchange said on Monday. Seunghwan Han, GDAC’s Chief Executive Officer, confirmed the attack in a statement published on the firm’s website on Monday. Hackers Steal $14M in Crypto In the statement, Han disclosed that the stolen custodial assets […]
Tag: STO
S. Korean Crypto Exchange Loses 23% of its Assets in a $13M Hack
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Hackers attacked the South Korea-based crypto exchange GDAC on Sunday, stealing $13 million in crypto funds, or around 23% of its custodial assets. According to GDAC, the perpetrators stole 61 bitcoin, more than 350 […]
Hong Kong Aims to Push for Web3 Amid US Regulatory Crackdown
Neither the author, Ruholamin Haqshanas, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Hong Kong’s finance chief recently stated in a blog post that it is the “right time” for the city to push for Web3 despite the recent market volatility. The statement comes as Hong Kong is […]
Chiliz Price Recoils as JUV, Alpine, ATM, OG fan tokens slip
Chiliz price drifted sideways on Monday as the price of key fan token dropped sharply. The CHZ token was trading at $0.1297, where it has been in the past few days. This price is about 37% above the lowest level this year and ~26% above March’s low. Fan token prices retreat Chiliz is a leading […]
Wemade launches Web3 live chat app Tangled on NFT platform NILE
Wemade says Tangled features an AI-based verification system to enhance safety for the Web3 live chat users. Users can accumulate time points and swap them for utility tokens like WEMIX. Wemade is making giant steps in bridging traditional gaming to Web3 and blockchain. Wemade, a leading South Korean based gaming and blockchain company, has today […]
The Global Regulatory Landscape of Cryptocurrency Exchanges: Challenges and Opportunities
In recent years, cryptocurrency exchanges have grown in popularity, providing a place for users to buy, sell, and trade various cryptocurrencies. The global regulatory landscape of cryptocurrency exchanges, on the other hand, remains a challenge for the business, with differing levels of regulation and oversight in different areas. In this article, we will look at […]
Recovering Prices Granted Miners Relief in Q1 – Foundry, Marathon, Hut 8, TeraWulf and Sphere Finance & Legal Updates
Bitcoin miners logged a significant bump in total revenue accrued across March, earning almost $732 million from block subsidies. In addition to the inflation rewards, transaction fees during this period brought the cumulative figure to $755 million. Niche overview – Mining difficulty and network hashrate The revenue increase corresponded with positive price action in the […]
Arkansas Joins Multi-State Drive To Protect BTC Miners With a New Bill
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. On Friday, April 7th, the state of Arkansas passed a new bill aimed at protecting the rights of cryptocurrency miners. The new piece of legislation seeks to properly define digital assets, and the data […]
dYdX Slides 5%+ as Its DEX Announces Departure From Canada
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. The decentralized cryptocurrency exchange dYdX announced on Friday, April 7th, that it is closing its Canadian operations. The platform has already stopped onboarding clients from the country and all existing users from Canada will […]
A Closer Look at the “Illicit Finance Risk Assessment of Decentralized Finance” by the US Treasury
The US Department of the Treasury has published its first-ever analysis of the potential hazards from decentralized finance (DeFi) services, concluding that DeFi platforms that are non-compliant with anti-money laundering (AML) and counter-terrorism financing (CFT) regulations pose the most significant current illicit finance risk. The report finds that DeFi services frequently have a governing body […]
