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SEC explained the reason for the hacking of X's account
The US Securities and Exchange Commission (SEC) revealed that multi-factor authentication in its X-profile was disabled prior to the publication of fake news about the approval of spot Bitcoin ETFs. The SEC stated that an unauthorized party gained control of the mobile phone number associated with the account through a SIM-swapping attack. The attacker then changed the password for the account after gaining control of the phone number. The SEC disclosed that an employee had removed multi-fact...
SEC explained the reason for the hacking of X's account
The US Securities and Exchange Commission (SEC) revealed that multi-factor authentication in its X-profile was disabled prior to the publication of fake news about the approval of spot Bitcoin ETFs. The SEC stated that an unauthorized party gained control of the mobile phone number associated with the account through a SIM-swapping attack. The attacker then changed the password for the account after gaining control of the phone number. The SEC disclosed that an employee had removed multi-fact...
Shares of miner Phoenix Group rose 50% on the first day of trading
Abu Dhabi's mining and colocation service provider, Phoenix Group, made a significant market entry with its shares opening at AED2.25 during its inaugural trading day, following an IPO launch at 1.5 AED as reported by Bloomberg. The excitement and enthusiasm preceding the IPO in November spurred immense interest, resulting in an incredible 33-fold oversubscription of the company's securities by the time the order book closed. Retail demand outpaced supply by an astounding 180 times,...
Shares of miner Phoenix Group rose 50% on the first day of trading
Abu Dhabi's mining and colocation service provider, Phoenix Group, made a significant market entry with its shares opening at AED2.25 during its inaugural trading day, following an IPO launch at 1.5 AED as reported by Bloomberg. The excitement and enthusiasm preceding the IPO in November spurred immense interest, resulting in an incredible 33-fold oversubscription of the company's securities by the time the order book closed. Retail demand outpaced supply by an astounding 180 times,...
Binance has agreed to provide services in euros
Binance, ever the titan of cryptoverse constellations, has gallantly unfurled the velvet canopy of financial transmutation to the denizens of the Euro-sphere. The exchange, in its quest for ever more breathtaking heights, hath heed the call of the alchemical realm of euros. In a cosmic choreography, Paysafe, a former celestial companion, descended from the firmament, leaving a trail of stardust in the digital cosmos. As the alchemists at Binance commenced their grand work, they inked sacred t...
Binance has agreed to provide services in euros
Binance, ever the titan of cryptoverse constellations, has gallantly unfurled the velvet canopy of financial transmutation to the denizens of the Euro-sphere. The exchange, in its quest for ever more breathtaking heights, hath heed the call of the alchemical realm of euros. In a cosmic choreography, Paysafe, a former celestial companion, descended from the firmament, leaving a trail of stardust in the digital cosmos. As the alchemists at Binance commenced their grand work, they inked sacred t...
Trading volume on Binance.US collapsed amid conflict with SEC
The American division of Binance, one of the world's largest cryptocurrency exchanges, experienced a significant decline in trading volume on September 16, plummeting to just $5.1 million for the day. This sharp drop in trading activity comes amid ongoing regulatory challenges and internal restructuring within the exchange, which recently saw the departure of its CEO, Brian Schroeder. The decline in trading volume is likely a direct result of the recent conflict between Binance.US and th...
Trading volume on Binance.US collapsed amid conflict with SEC
The American division of Binance, one of the world's largest cryptocurrency exchanges, experienced a significant decline in trading volume on September 16, plummeting to just $5.1 million for the day. This sharp drop in trading activity comes amid ongoing regulatory challenges and internal restructuring within the exchange, which recently saw the departure of its CEO, Brian Schroeder. The decline in trading volume is likely a direct result of the recent conflict between Binance.US and th...
DCG to refund Genesis creditors up to 90% of funds
In a significant move, Digital Currency Group (DCG), the parent company overseeing the operations of the financially troubled trading firm Genesis Global Holdco, has successfully negotiated an agreement with the creditors of Genesis. This arrangement aims to address the claims made by these creditors in the context of the company's financial challenges. As part of the agreement, DCG has committed to refunding creditors a substantial portion of their claims, with potential refunds reachin...
DCG to refund Genesis creditors up to 90% of funds
In a significant move, Digital Currency Group (DCG), the parent company overseeing the operations of the financially troubled trading firm Genesis Global Holdco, has successfully negotiated an agreement with the creditors of Genesis. This arrangement aims to address the claims made by these creditors in the context of the company's financial challenges. As part of the agreement, DCG has committed to refunding creditors a substantial portion of their claims, with potential refunds reachin...
