Recently, decentralized exchanges (DEXs) have achieved their highest trading volume ratio compared to centralized exchanges (CEXs). Uniswap founder Hayden Adams highlighted this milestone, emphasizing that the DEX market share is currently at an all-time high relative to CEXs. This trend is further supported by a chart from The Block showing the steady increase in DEX
Exchanges
Zoomex distinguishes itself from other cryptocurrency exchanges by prioritizing user anonymity. Unlike many platforms that require extensive KYC verification, Zoomex does not mandate this process. This unique stance on privacy allows users to trade with confidence, knowing that their personal data remains private and secure. This approach appeals to traders who value their anonymity, simplifying
WazirX, a prominent cryptocurrency exchange, recently experienced a sophisticated cyber attack on its multi-signature Ethereum wallet. The attack, which took place earlier this month, raised significant concerns within the crypto community. Although the exchange initially attributed the hack to an issue with its custody service provider, Liminal, subsequent investigations revealed a more complex scenario. The
The recent announcement by crypto exchange Bitstamp regarding the return of recovered digital assets to creditors of the defunct Mt. Gox exchange marks a significant milestone in the decade-long effort to compensate those affected by the infamous 2014 hack that ultimately led to Mt. Gox’s collapse. This development signifies progress in the restitution process and
Recently, India-based centralized exchange WazirX faced a significant exploit that resulted in the loss of nearly half of its assets, equating to over $230 million. This exploit was revealed in a social media post by the exchange’s co-founder, Nischal Shetty, on July 23. The exploit took place in one of the exchange’s multisig wallets, resulting
The possibility of a second term for Donald Trump as President of the United States has caused a stir in the crypto industry. With promises of a more crypto-friendly environment, many experts believe that a Trump presidency could significantly impact the market dynamics for both domestic and foreign crypto firms. While U.S. crypto firms are
In the aftermath of a recent hack on India-based crypto exchange WazirX, multiparty computation (MPC) wallet provider Liminal stood firm in its assurance that its infrastructure remained secure and was not compromised in any way. In a post-mortem report released on July 19, Liminal made it clear that the breach at WazirX was not a
Recently, a US court granted Binance US the permission to invest certain customer fiat funds that are currently held at BitGo in US Treasury Bills. This decision came after the exchange requested court approval to invest approximately $40 million in increments of $10 million over a period of four weeks. The investments will be made
OKX, a prominent crypto exchange, recently announced its decision to choose Malta as its Market in Crypto-Assets (MiCA) hub. This strategic move aims to cater to the 450 million residents of the European Union. By selecting Malta, OKX is positioning itself to provide services in adherence to local regulations, while also ensuring seamless deposit and
Recently, the blockchain security firm Cyvers Alert sounded the alarm on the Indian exchange WazirX, reporting an exploitation that resulted in a staggering loss of approximately $235 million. According to Cyvers, suspicious transactions were detected involving WazirX’s Safe Multisig wallet on the Ethereum network, with a total of $234.9 million being transferred to a new
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