Exchanges

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Philippine Crypto Exchange Demands Users Return Bitcoin Bought at $6,000 Following System Error

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Philippine crypto exchange Pdax recently suffered a costly technical failure – one that led to bitcoin trading at 300,000 Philippine pesos (around $6,000) – a discount of 88% to its current price. In the melee, some users managed to buy at these ridiculously low prices and quickly moved the bitcoin (BTC) away from their exchange … Read more

Cryptocurrency Adoption Passes Another Milestone Surpassing 100 Million Users

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According to a new study conducted by Crypto.com, the total number of global cryptocurrency users has surpassed 100 million for the first time ever. The study, which measured the cryptocurrency marketplace’s size using onchain metrics, survey analysis, and internal data, recorded 106 million cryptocurrency users in January 2021. January’s Bitcoin Rally Accumulated a 15.7% Jump … Read more

Binance Suspends Ethereum and ERC-20 Token Withdrawals Before Quickly Reversing Course

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The rollercoaster-ride in cryptocurrency prices on Monday was accompanied by Binance’s fresh restrictions for ethereum and ERC-20 tokens. Ethereum Network Congestion Fingered as the Culprit for the Temporary Halt Through the official Binance Twitter account, one of the world’s largest cryptocurrency exchanges by volume, announced that it had “temporarily suspended withdrawals of $ETH and ethereum-based … Read more

Binance Blamed for Purposely Choking Ethereum’s Network

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The recent ramp higher in cryptocurrency prices has assuredly attracted its fair share of cheerleaders and detractors alike, but the reality of this climb has been a concurrent increase in network fees from rising transaction volumes. Binance is Blamed for Purposely Choking Ethereum’s Network to Drive More Users to Its Own Platform The resulting volumes … Read more

Study: Top-Tier Cryptocurrency Exchanges Increased Their Market Share by 13% Since October 2020

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A recent study unveiled that top-tier cryptocurrency exchanges increased their market share since October 2020, in the context of lower-risk exchanges. The bitcoin bull market fueled that both retail and professional traders utilized such risk, data shows. Stricter Regulations Boosted Transparency Levels in Crypto Exchanges Per information from crypto market data provider cryptocompare.com, top-tier crypto … Read more

Privacy Coin Verge Suffers Third 51% Attack, Analysis Shows 200 Days of XVG Transactions Erased

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According to various reports, the cryptocurrency network Verge has suffered a 51% attack that led to a massive 560,000+ block reorganization. Analysts believe the Verge network attack could be the deepest blockchain reorganization (reorg) in history with roughly 200 days worth of verge transactions wiped. Reports Show Verge Network Experienced a Massive 560,000+ Blocks Reorg … Read more

South Korean Court Orders Bithumb to Compensate Users for an Accidental BTC Withdrawal Case in 2018

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A South Korean court ordered one of the biggest domestic crypto exchanges to compensate victims of an “accidental withdrawal” incident in 2018. Bithumb has been ordered to pay customers who withdrew their bitcoin funds to an unknown wallet. Funds Ended Up in a Wallet With an Unknown Owner According to Fn News, six Bithumb customers … Read more

Market Cap of Exchange-Issued Tokens Surpasses $43 Billion, Binance’s BNB Token Surges 150%

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Buoyed by bitcoin’s recent spike, altcoins including exchange-issued tokens recently made significant gains, while several of these crypto-assets went on to set new all-time highs (ATH). According to Messari data, Binance is leading the pack in this category, after its token went up by more than 150% from $47 on February 1 to an ATH … Read more

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