Atomic Wallet, a decentralized wallet with a considerable user base of over five million users, has allegedly been hacked. There are reports suggesting that the users’ funds have been compromised, with some victims losing their entire balance. The Incident On June 3, 2021, Atomic Wallet tweeted that it was investigating the incident. The tweet stated
Litecoin, the silver version of Bitcoin, currently stands at the 12th position on the global crypto charts. Its recent surge of 2.47% in the past 24 hours and an 11% increase in the last week is an indication of the crypto market’s bullish trend. The bullish rally among cryptocurrencies has led many investors to contemplate
Binance has announced that it will delist privacy coins for users in certain jurisdictions effective June 26. The crypto exchange said that it had reached out to affected users to inform them that they will no longer be able to purchase or trade privacy tokens on its platform after the aforementioned date. This move is
The US Government’s push for an independent inquiry of the now-bankrupt crypto exchange FTX was referred to the U.S. Third Circuit Court of Appeals on Tuesday. The government’s push comes after a group of both Democratic and Republican Senators in January called for an inquiry into FTX’s bankruptcy, arguing that a “thorough, objective investigation of
Bitcoin (BTC) witnessed a lackluster end to May as it slid below $27,000. The monthly close delivered disappointment for the cryptocurrency market, and the pair erased its entire uptick seen over the weekend, coming full circle to act in a familiar range on the day. The area immediately below $27,000 has been a key focal
Binance’s recent announcement to delist certain privacy coins, including Secret (SCRT), Zcash (ZEC), and Dash (DASH), has caused backlash from the three projects. In response to the move, a representative from Dash argued that their network is not focused on privacy and that it is simply a fork of Bitcoin. They explained that all transactions
US lawmakers are set to discuss digital asset spot markets during a hearing to be held by the House Agriculture Committee on June 6. The committee has jurisdiction over the Commodity Futures Trading Commission (CFTC), which has been exercising its jurisdiction through enforcement actions and public statements over the past year. The hearing will be
Binance CEO Changpeng Zhao has revealed that regulatory requirements were the reason behind the company’s withdrawal from the Canadian market. Binance announced on May 12 that it would be “proactively withdrawing from the Canadian marketplace” due to new crypto exchange regulatory guidance on stablecoins and investor limits. In an AMA Twitter Spaces, CZ gave a
DeeLance, a web3 freelancing and remote work metaverse platform, is set to become the next cryptocurrency to explode. The platform is a decentralized version of Fiverr and Upwork, which aims to unite freelancers and employers and transform remote working and the $761 billion recruitment sector. By leveraging blockchain’s decentralization and transparency, DeeLance aims to remove
As the summer season begins, the financial markets are experiencing an unexpected heatwave in the form of the U.S. Dollar Index (DXY). Since late April, the DXY has been on an unprecedented uptrend, reaching levels unseen since the banking crisis in early March. This surge in the dollar has raised concerns among market participants due
