Exchanges

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Binance, one of the largest cryptocurrency exchanges, has experienced a significant decline in users’ crypto assets following regulatory challenges in various jurisdictions. The latest proof of reserve snapshot taken on July 1 revealed that users’ Bitcoin deposits fell by 3.5% from 614,800 BTC recorded on June 1 to 592,450 BTC. This indicates that approximately 22,000
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The Commodity Futures Trading Commission (CFTC) has recently uncovered violations of US regulations by crypto lending platform Celsius Network. This investigation has also implicated the firm’s former CEO, Alex Mashinsky, according to a report by Bloomberg. If the CFTC’s commissioners agree with the findings of the investigation, legal action against Celsius and Mashinsky may commence
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The cryptocurrency industry has experienced substantial losses due to hacking incidents, amounting to over $30 billion since 2012. SlowMist, a blockchain security firm, conducted research that revealed the extent of these losses. Out of the total amount stolen, centralized exchanges accounted for $10.95 billion, making them the primary target for hackers. The research also highlighted