Crypto Industry News
The crypto industry is quite turbulent, but also innovative, impactful, or even fun. Many dozen events of all kinds happen each day, giving crypto enthusiasts plenty to keep them interested.
We dig for the best stories to share them with readers and have quite a few news categories here on TradeCrypto for all these stories. But whatever news on the many crypto companies and events doesn’t fit anywhere else, goes in the general crypto industry news.
In what is most likely a rug pull as part of a con, the AMM protocol SudoRare has disappeared from the web with users’ 519 ETH (equaling some $815,000) in its pockets. SudoRare has presented itself as a legitimate automated maker protocol for swaps between ERC-721 and ERC-20 token standards. Now, 519 ETH was drained […]
In a zero-day attack, attackers have compromised Bitcoin ATMs manufactured by General Bytes. The ATM’s software was hacked so as to transfer funds to the hackers’ wallets instead. There’s still no information in regard to the amount that was stolen or the number of hit ATMs. General Bytes has since patched the fix, while warning […]
After the announcement that Brazil is preparing a central bank digital currency, we now have more news about increasing crypto adoption in the Latin American country. The forex company, Travelex, will be using the on-demand liquidity (ODL) service in Brazil, launched by Ripple, the digital payment platform. The goal is to facilitate international crypto payments […]
Bad news in the ranks of the Australian crypto exchange. Namely, Swyftx has joined the long line of crypto companies that were forced to cut a substantial portion of their workforces, amid the crypto winter. Swyftx let go 21% of its staff, amounting to 74 former employees. The company cited factors such as rising inflation, […]
Crypto.com, the well-known crypto exchange, has earned approval from UK’s Financial Conduct Authority (FCA) and is now operating as a crypto business in “Old Blighty”, too. Apart from being able to legally offer its service in the UK, the exchange also meets the country’s regulations pertaining to the prevention of money laundering. This piece of […]
One of the most popular crypto influencers on YouTube, Ben Armstrong (a.k.a. BitBoy Crypto) is pressing charges against another Youtuber, Erling Mengshoel Jr. (a.k.a. Atozy). BitBoy claims that Atozy has made a series of defamatory statements in this video. Among other things, Atozy said in the video that BitBoy is a fraudulent influencer, who is […]
The U.S. Securities and Exchange Commission (SEC) seems quite determined to put a stop to what it deems to be unlawful securities trading in the crypto industry. This time, the Commission announced charges against Dragonchain and its chief developer, John Joseph Roets, for making $16.5 million by selling Dragonchain’s token, DRGN. According to the lawsuit, […]
XP Inc, a giant in the brokerage business hailing from Brazil, has launched a crypto trading platform, XTAGE. Thus, 3.6 million investors from Brazil that operate on XP Inc will be able to expand into crypto trading by using XTAGE. Currently, XTAGE supports Bitcoin and Ethereum trading, but there are plans to include other digital […]
Huobi’s co-founder Leon Li is reportedly in negotiations to sell the majority of his shares in the company, which may be worth over $1 billion.
The email marketing company, Klaviyo, suffered a phishing attack mostly targeting its crypto firm customers. The attacker(s) managed to get hold of login credentials from one of Klaviyo’s employees, and then used its customer support tools to obtain data. Overall, they gained access to confidential information about 44 crypto companies, including the wallet Edge, intelligence […]