Bybit Turns To Bitget And Binance For $239 Million ETH Loan Amid Withdrawal S...
Bybit, a popular crypto exchange, is reeling from the massive hack worth $1.5 billion in digital assets. According to reports, the hackers targeted the crypto exchange’s cold wallet, an offline storage system, to steal the exchange’s assets, primarily Ether. On-chain data reveals that the stolen funds were quickly transferred into different wallets and liquidated on […]
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Recently, Bitget released official news that as of now, more than 7,075 traders have settled in Bitget One Click to Copy Trade, and over 5.54 million orders have been finished. Bitget is a world-renowned derivatives trading platform. According to data from CoinMarketCap, the world’s largest crypto ranking platform, Bitget has an average daily futures trading […]
Bitget’s reasoning behind using a combination of a stablecoin and Bitcoin in the protection fund is to counter massive unforeseen volatility in crypto markets. With the ultimate goal to regain investor confidence amid a prolonged bear market, crypto derivatives exchange Bitget launched a $200 million fund to safeguard users’ assets. Bitget joins the growing list of crypto companies, such as Binance, that have taken an investor-centric approach to gain investors’ trust via protection funds.The Bitget Protection Fund comprises 6,000 Bitcoin (BTC) and 80 million Tether (USDT), valued at $200....
Binance has chosen a new payments partner amid the suspension of direct fiat deposits and withdrawals in Brazil. The company stated it will now work with Latam Gateway, a payments processing company that has been in the payments intermediation business since 2019. Binance reported it would be working to normalize the fiat deposit and withdrawal situation shortly.
Binance Partners With Latam Gateway for Payments Processing
Binance, one of the leading cryptocurrency exchanges by volumes traded, has announced a new partnership to solve the problems it had been facing with fiat....
On August 23rd, Derivatives Exchange Bitget announced its new logo designed to indicate a place where people can exchange freely and realize their financial dreams with the help of leverage. According to Bitget, Bit is a blended word coming from Binary and digit and the smallest unit of information. It implies a business that is based on digitalization and IT. “Get” represents interaction, a kind of connection between the platform and the external world. In combination, the name Bitget expresses its mission “Better Trading Better Life”, and its commitment to offer....
Binance Smart Chain (BSC) decentralized applications (dapps) have been hit with a number of flash loan attacks in recent weeks. According to collected data by Rekt, during the last 30 days BSC has lost a total of $167 million from these flash loan exploits. Flash Loan Hackers Prey on Binance Smart Chain Dapps – $167 Million Siphoned in May Flash loan attacks have become an issue for the Binance Smart Chain (BSC) as a myriad of BSC dapps were breached during the month of May. Essentially, these flash loans provide people with the ability to borrow crypto without relinquishing any....