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🚨 Upbit, South Korea's largest exchange, faced a whopping 160,000 hacking attempts in H1 2021, says parent firm Dunamu! 😱 That's 879 attempts per day, a 2.17x increase from H1 2020. Despite the onslaught, Upbit remains a powerhouse, trading billions in tokens & Korean won pairs. 💪 What do you think about the rise in hacking attempts? Are exchanges doing enough to protect users? Share your thoughts in the comments! 💬 #Upbit #cryptoexchange #hackingattempts

🚨 Upbit, South Korea's largest exchange, faced a whopping 160,000 hacking attempts in H1 2021, says parent firm Dunamu! 😱 That's 879 attempts per day, a 2.17x increase from H1 2020. Despite the onslaught, Upbit remains a powerhouse, trading billions in tokens & Korean won pairs. 💪

What do you think about the rise in hacking attempts? Are exchanges doing enough to protect users? Share your thoughts in the comments! 💬 #Upbit #cryptoexchange #hackingattempts

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🔔Big news in the #crypto world! 🌐 U.S. regulators are pushing back against Coinbase's request for an appeals court to review how traditional securities rules apply to cryptocurrencies. Coinbase, the largest U.S. crypto exchange, wants to know if the Howey Test, a Supreme Court assessment for securities, applies to digital assets. They're hoping it doesn't. 🙏 The SEC argues that Coinbase is trying to create a "new legal test" for how crypto fits into existing securities law. The exchange's appeal focuses on a specific legal question about "contractual obligations," but the SEC says the real issue is how the Howey Test applies to crypto. 🤔 This is a pivotal moment for the crypto industry. If the court sides with Coinbase, it could set a new precedent for how cryptocurrencies are regulated. What do you think? Should the Howey Test apply to digital assets? Let's discuss! 💬 #Coinbase #SEC #CryptoRegulation
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🚀Big news, #CryptoTwitter! The U.S. House of Representatives is set to vote on the most comprehensive U.S. crypto legislation yet, the Financial Innovation and Technology for the 21st Century Act (FIT21). 👀This bill, a result of years of bipartisan efforts, is on track to become the first significant digital assets regulatory legislation to clear one of the chambers of Congress. It's a major step towards providing a clear regulatory framework for digital asset markets. 🎉Rep. Patrick McHenry, chairman of the House Financial Services Committee, said this legislation will "cement American leadership of the global financial system for decades to come and bolster our role as an international hub for innovation." 🤔While it's a breakthrough, the bill still needs Senate approval to become law. What are your thoughts on this? Will it sail through or face hurdles? Let's discuss! #cryptolegislation #blockchainnews
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🚀 Bankrupt crypto exchange FTX has not only recovered from its downfall but is now able to pay back its customers $1.18 for every dollar's worth of crypto assets they held during the collapse! 💰 This unexpected turn of events has sparked a debate: Was Sam Bankman-Fried, the man behind the largest financial heist ever, right all along? 🤔 He insisted that FTX was solvent, just illiquid. The current FTX CEO, John J. Ray III, has managed to recover between $14.5 billion and $16.3 billion in assets. This recovery is likely due to the rising price of crypto assets. FTX also made significant gains by selling off properties and equity investments. However, SBF's argument that FTX only had an illiquidity problem seems absurd. FTX was not solvent at the time of its collapse. It's only due to the subsequent bull run that FTX became solvent. Customers are being compensated in the dollar value of their accounts at November 2022 prices, not in crypto assets. It's a lucky break that the market rebounded enough so that the fraction pays for the whole. What's your take on this? Was SBF right all along or was it just a lucky break for FTX? Let's discuss in the comments! 🗨️
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🔍 London-based Forensic Risk Alliance (FRA) has been selected as the independent compliance monitor for Binance, as part of the crypto exchange's plea deal with the DOJ. Binance had agreed to pay $4.3 billion in fines, and CEO Changpeng "CZ" Zhao stepped down and was sentenced to four months in prison. 🏛️ FRA was chosen over Sullivan & Cromwell due to the latter's controversial handling of the FTX bankruptcy. Sullivan & Cromwell, however, is still expected to be appointed by the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) to a different, five-year monitorship of Binance. 💼 What do you think about this development? Share your thoughts below! #Binance #BlockchainNews
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🚀EigenLayer's EIGEN token is causing a stir in the #crypto world! Trading around $9 on side markets, the token's non-transferable status and "geoblocking" have sparked controversy. But hey, no press is bad press, right? The team's restaking protocol is seen as a new frontier for #DeFi projects, leveraging security from the Ethereum blockchain. The EIGEN airdrop is finally here, but users will have to wait to trade their new tokens. The Eigen Foundation, introduced by Eigen Labs, opened up claims on EIGEN last Friday. Officials say they'll become transferable at a yet-to-be-defined later date. Speculators on decentralized exchanges are valuing EIGEN at around $9, giving it a fully diluted value of $15 billion. That's a lot of zeros! 💰 EigenLayer, backed by Andreessen Horowitz, has attracted $16 billion worth of user deposits into its "pooled security" system before launch. Despite the buzz, EIGEN's distribution plan has faced backlash, particularly over the non-transferability period and geoblocking. But the team has responded to community feedback, allocating extra funds for some users in the "Season 1" airdrop. What are your thoughts on EIGEN's launch? Share your thoughts below! #blockchain #cryptocurrency
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Whale продає всі ETH, OP, ARB, зазнаючи втрат приблизно на 8,43 мільйона доларів
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Джастін Сан придбав 3,62 мільйона токенів EIGEN
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Японська фірма Metaplanet Inc придбала додаткові біткойни, віддзеркалюючи стратегію MicroStrategy
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Ілон Маск оголошує про нову спільноту Tesla та оновлення для платформи X
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Оновлення ринку Binance (11.05.2024)
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