By AFP and published by CNA NEW YORK: Cryptocurrency platform Binance said on Thursday (Oct. 29) that it had fallen victim to a major hack and indicated that more than US$2.5 billion in funds had been frozen in an effort to prevent a massive theft. The company – the world’s largest crypto exchange by
Tag: cryptocurrency
Cryptocurrency is not the villain in ‘Shuffle’ case: Korn
THE scandals surrounding the Zhang family and their links to online casino, namely Shuffle.com, highlights how blockchain leaves a trail that can be used to root out illicit activity while cryptocurrency itself should not be cast as the villain, Korn Chatikavanij, deputy leader of the Democrat Party and former finance minister, said today (Oct.
Read more2 held in robbery at shopping mall car park
POLICE quickly tracked down and arrested two members of a gang of robbers who stole 3.4 million baht in cash from three victims who had met them at a shopping mall in Lad Prao area to buy a cryptocurrency last night (June 30), Thai Rath newspaper said. Pol. Lt. Gen. Sayam Boonsom, head of
Read morePolice crack down on illegal cryptocurrency exchange network
THE Central Investigation Bureau police kicked off “Operation Crypto Phantom” by raiding eight shops in Phuket, Chonburi and Bangkok that were secretly providing digital asset exchange services without going through the authorised exchange centre in order to dodge taxes with this leading to cash flowing to various illegal businesses, Naewna newspaper said today (Apr.
Read moreMillions of baht recovered in two robberies in one day
POLICE recovered 5 and 8 million baht stolen during two separate cryptocurrency transactions in one day yesterday (Jan. 9) with two suspects who appeared to be Chinese arrested in one of the robberies, Amarin TV said this morning. At 11.50 p.m. Pol. Col. Prasopchok Aimpinij, superintendent of Huai Khwang police station, said in an
Read moreFour nabbed in theft of cryptocurrency in Phuket
FOUR FOREIGNERS were rounded up by Phuket police after a Ukrainian tourist complained that they robbed him out of US$250,000 in cryptocurrency (around 8.5 million baht) after tying him up and threatening to harm him but the suspects denied doing so, TV Channel 7 said today (Nov. 11). Pol. Maj. Gen. Sinlert Sukhum, commander
Read moreBinance Thailand opens crypto exchange for trading
By Reuters and published by CNA BINANCE Thailand has opened its cryptocurrency exchange in Thailand for trading, the company said today (Jan. 16). The exchange, Gulf Binance, is a joint venture between Binance and Thailand’s Gulf Innova that will serve as an exchange and brokerage platform allowing users to buy and sell digital assets
Read moreBinance faces US probe of possible Russian sanctions violations – Bloomberg News
By Reuters – published by US News & World Report and NBC News THE US Justice Department is investigating whether Binance Holdings was illegally used to let Russians skirt US sanctions and move money through the cryptocurrency exchange, Bloomberg News reported on Friday, citing people familiar with the matter. Meanwhile the head of the
Read moreBitcoin falls 14% after crypto lender Celsius Network freezes withdrawals
By Reuters and published by Euronews.next CRYPTOCURRENCY lending firm Celsius Network will pause withdrawals and transfers between accounts due to “extreme market conditions”, the company said on Monday, in the latest sign of pressure in the crypto industry. The world’s largest cryptocurrency, Bitcoin, extended earlier declines after the announcement, falling more than 10 per
Read moreHackers steal $600m in major cryptocurrency heist
By BBC HACKERS have stolen some $600m (£433m) in what appears to be one the largest cryptocurrency heists ever. Blockchain site Poly Network said hackers had exploited a vulnerability in its system and taken thousands of digital tokens such as Ether. In a letter posted on Twitter, it urged the thieves to “establish communication and
Read moreTAT targets cryptocurrency holders as new tourism segment
THE Tourism Authority of Thailand (TAT) wants to establish Thailand as the first country to welcome cryptocurrency holders,, NNT said today (Feb. 21). TAT Governor Yuthasak Supasorn said the use of cryptocurrency will help attract more opportunities from high-spending tourists, especially the young and wealthy generations. He said the TAT plans to talk with the
Read moreBitcoin hits $1 trillion in market value as cryptocurrency surge continues
By Jesse Pound, CNBC THE price of bitcoin crossed another major milestone on Friday, as the cryptocurrency’s market value surpassed $1 trillion, according to Coindesk. The digital currency was trading at just under $54,000 per coin on Friday as it hit the new level, and rose above $55,000 later in the session for a daily
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