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Month: May 2023

Cryptocurrency Trading Platform Hotbit Ends Centralized Exchange Operations

July 9, 2023May 22, 2023 by Arnold Potts

Cryptocurrency trading platform Hotbit recently announced that it will be ending all centralized exchange (CEX) operations. The platform has cited deteriorating operating conditions and changes in the broader crypto landscape as reasons for its decision. The news comes as a surprise to …

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Securities Commission Malaysia Halts Huobi Global’s Operations for Operating Unregistered Digital Asset Exchange

July 9, 2023May 22, 2023 by Arnold Potts

Malaysia’s Securities Commission (SC) has recently ordered Huobi Global to halt its operations in the country, including disabling its website and mobile applications. This decision was made because Huobi Global has been found to be operating a digital asset exchange without proper …

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Privacy-focused Crypto Mixer Tornado Cash Hit by Governance Attack on Decentralized Autonomous Organization (DAO)

July 9, 2023May 21, 2023 by Arnold Potts

On Saturday, a group of attackers took control of the DAO handling operations, funds, and future plans of Tornado Cash, a privacy-focused crypto mixer. This attack highlights the potential vulnerabilities of decentralized autonomous organizations (DAOs) and the importance of security measures in …

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Sotheby’s Sells Rare NFTs Seized From Bankrupt Crypto Hedge Fund for $2.5 Million

July 9, 2023May 20, 2023 by Arnold Potts

Sotheby’s, the prestigious auction house known for selling one-of-a-kind art pieces, has recently concluded its sale of several rare non-fungible tokens (NFTs) seized from bankrupt crypto hedge fund Three Arrows Capital’s (3AC) collection, bringing in a total of $2,482,850. This move was …

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