Mt. Gox moves $2.7B in Bitcoin to new wallet address

The bug resulted in at least $3 million worth of stolen funds, but no user funds were endangered, according to Kraken.

Cryptocurrency travel website Travala.com saw a 45.8% increase in the total number of room nights booked in May compared to April. 2010 Total views 60 Total shares According to a June 1 announcement, Travala.com also saw its monthly revenue increase by 205% in May compared to April. Still, while the platform is seeing more traction…

Learn how cryptocurrency insurance protects your digital assets from theft, hacks and other risks. Understand the coverage options and how this specialized insurance works.

Facebook is determined not to take “no” for an answer when it comes to FinTech. Facebook Inc. has launched a new subsidiary group to promote “payments and commerce opportunities” with David Marcus, Libra’s co-creator, in charge of the division.The subsidiary, called Facebook Financial or “F2” will run its payments projects, including a planned Facebook Pay,…

While challenges remain, Ripple's victory has set a precedent that could shape the future of the cryptocurrency industry for years to come.

Sam Bankman-Fried, founder and CEO of FTX and Alameda Research, announced the new partnership on Wednesday. 543 Total views 4 Total shares Crypto derivatives exchange FTX has become an official sponsor of Major League Baseball, setting the stage for broader mainstream recognition of digital assets. As part of the sponsorship deal, which is expected to last…

Hardware-based cryptocurrency wallet provider Ledger has experienced some issues due to massive outflows from crypto exchanges amid the FTX bloodbath, according to its chief technology officer.Ledger saw a “massive usage” of their platforms and suffered a “few scalability challenges” on Nov. 9, Ledger CTO Charles Guillemet reported in a statement on Twitter.Guillemet reasoned Ledger’s issues…

A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money. Andrew Bailey, a Bank of England (BOE) governor, delivered a speech July 10 in which he moved smoothly from the central bank’s efforts to control inflation and maintain public trust in financial institutions to…