Centralized Exchanges (CEX) | ForkLog

ForkLog 23 11.07.2024

BitMEX Admits Guilt in Breaching the Bank Secrecy Act

The BitMEX exchange deliberately failed to develop, implement, and maintain an adequate anti-money laundering (AML) program as required by federal law. This was stated in a statement by the U.S. Attorney for the Southern District of New York. From 2015 to 2020, BitMEX was one of the leading cryptocurrency derivatives platforms. “The platform became a […]

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ForkLog 13 10.07.2024

Dzengi.com Introduces Affiliate Programme

The cryptocurrency exchange Dzengi.com has announced the launch of an affiliate programme offering a 40% commission on fees paid by referred clients, according to a press release. To participate, one must apply on the Dzengi.com website. Upon approval, users receive a partner link. The exchange disburses rewards monthly. Referral activity can be tracked using a […]

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ForkLog 8 10.07.2024

Coincall Celebrates Anniversary with 1 Million CALL Token Giveaway

The cryptocurrency derivatives platform Coincall will distribute 1 million CALL tokens by the end of July to mark its first anniversary. This was announced in a press release. The exchange will credit tokens to verified Coincall accounts. Users can earn additional rewards for daily visits to the trading platform. Coincall will also host various promotions […]

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ForkLog 7 03.07.2024

Kraken Explores Nuclear Energy for Data Centre Stability

Kraken is exploring the potential of nuclear energy to ensure stable power for its data centres. This was revealed by the cryptocurrency exchange’s CTO, Vishnu Patankar, in an interview with CoinDesk. The manager highlighted a sharp increase in electricity demand from the artificial intelligence and high-performance computing sectors. Kraken also anticipates a boom in the […]

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ForkLog 13 27.06.2024

Nigerian SEC Demands Crypto Firms Register Within 30 Days

On June 21, Nigeria’s SEC announced that cryptocurrency firms operating in the country must re-register their activities or face enforcement actions. This new registration requirement is linked to changes in the rules governing the issuance of digital assets, platforms, exchanges, and custody concerning virtual asset service providers (VASP). “All existing and potential VASPs are required […]

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ForkLog 17 25.06.2024

Kaiko Assesses ETF Impact on Cryptocurrency Trading Volumes

The launch of spot Bitcoin ETFs in the United States has significantly increased global cryptocurrency trading volumes, according to calculations by Kaiko. Despite reporting improved revenue and profits, Coinbase’s global market share has seen only a minor increase of 1% over the same time period. Read more here: https://t.co/GB4TXGfeaH — Kaiko (@KaikoData) June 25, 2024 […]

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ForkLog 35 23.06.2024

Hackers Breach Turkish Exchange BtcTurk, Causing $54 Million Loss

On June 22, hackers targeted BtcTurk. The Turkish cryptocurrency exchange suspended deposits and withdrawals pending the investigation of the incident. According to the platform’s statement, the perpetrators accessed hot wallets containing 10 different cryptocurrencies. The exchange remains solvent, with cold wallets holding the majority of assets securely. Chinese journalist Colin Wu reported the sale of […]

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ForkLog 7 20.06.2024

Binance Fined $2.2 Million by Indian Authorities

The Financial Intelligence Unit of India (FIU) imposed a fine of 18.82 crore Indian rupees ($2.2 million) on the cryptocurrency exchange Binance for providing services to clients without adhering to national anti-money laundering regulations. At the end of 2023, the FIU accused nine bitcoin exchanges of operating without registration and violating AML/CFT laws. Among others, […]

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ForkLog 14 19.06.2024

Kraken Bug Hunters Extract $3 Million via ‘Extremely Critical’ Vulnerability

The cryptocurrency exchange Kraken has resolved a dangerous exploit that allowed users to artificially inflate and then deplete their account balances. Kraken Security Update: On June 9 2024, we received a Bug Bounty program alert from a security researcher. No specifics were initially disclosed, but their email claimed to find an “extremely critical” bug that […]

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ForkLog 32 13.06.2024

OKX Details Hacks and Promises Compensation

Following a series of breaches, representatives from the cryptocurrency exchange OKX revealed that a hacker “forged court documents” to obtain personal information from “a very limited number” of users. 关于近期个别客户账户出现安全事件的情况说明 1. 所有此事件的有关用户都已经/马上得到圆满解决； 2. 此事件与谷歌验证器或短信验证的选择无关，但是 #OKX 确实推荐有能力的用户使用谷歌验证器； 3.… — OKX中文 (@okxchinese) June 12, 2024 “All users involved in the incident have been or will be compensated […]

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ForkLog 15 12.06.2024

CoinW Launches Euro 2024 Contest with $1 Million Prize Pool

Cryptocurrency exchange CoinW has unveiled the “Goal Rush” contest, boasting a $1 million prize pool. The event coincides with the 2024 UEFA European Football Championship, as detailed in a press release. The contest runs until July 18. To participate, one must: register on the promotion page; complete tasks and earn points. Participants use points to […]

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ForkLog 32 11.06.2024

Russian Traffic Surges to 27% on Bybit

In May, Russian users accounted for 27% of the total traffic on the cryptocurrency exchange Bybit, according to journalist Colin Wu. Read more. Traffic from Russia to Bitfinex increased to 22%, Deribit to 15%, and OKX to approximately 9%. Other platforms popular among Russians include HTX (14%) and MEXC (10%). Data: Wu Blockchain. From April […]

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