KuCoin’s new cloud-mining platform is aiming to control 10% of Dogecoin mining capacity, while offering investors new opportunities to invest in hashrate.
Digital Currency Exchange News
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Four whales realized a cumulative $47.5 million profit on Hyperliquid, spurring price manipulation allegations related to XPL’s 200% rally.
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The “White Whale” increased his social media pressure campaign to $2.5 million after claiming that MEXC requested an in-person KYC verification in Malaysia.
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The millionaire leverage trader was liquidated on his latest DOGE position, as he predicted an end to the current market downturn.
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The trader claimed to have outperformed MEXC’s external market makers and been sidelined for being “too profitable.”
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Hyperliquid processed $319B in trades last month, accounting for the majority of DeFi perpetual futures volume as decentralized exchanges gain traction.
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The Indian crypto exchange announced a recovery program of up to 25% for ethical hackers who can help recover the stolen stablecoins.
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Taiwan-based exchange BitoPro confirmed an $11.5 million crypto exploit weeks after the breach, saying user funds and withdrawals were unaffected.
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Thailand’s SEC has ordered Bybit, 1000X, CoinEx, OKX and XT.COM blocked nationwide, citing unlicensed operation and money-laundering concerns.
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KuCoin CEO BC Wong told Cointelegraph that some regulators might be using regulation to drive away global players and pave the way for domestic trading platforms.
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MEXC aims to invest $60 million annually in Web3 infrastructure, prioritizing strategic partners and AAA-level projects.
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The firm said it had chosen a “cease and retreat” strategy in response to allegations that the Lazarus Group laundered funds stolen in a $1.4 billion exploit of Bybit.
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Amazon’s AWS powers some of the world’s leading crypto exchanges with high-throughput cloud infrastructure for crypto trading, presenting a central point of vulnerability.
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Binance is set to launch LDUSDt, a new reward-bearing margin asset that users can obtain by swapping USDt from its Simple Earn product, emphasizing that it is not a stablecoin.
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Centralized exchanges remain vulnerable to massive breaches, but with self-custody evolving, people can protect their crypto holdings with advanced security features.
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