Cryptopia Alleged Hack: Police Are on the Case While Community Tracks Down Stolen Funds

New Zealand-based digital assets exchange Cryptopia was allegedly hacked on Jan. 15. In what seems to be one of the first major security breaches of 2019, New Zealand-based digital assets exchange Cryptopia was allegedly hacked this week. The platform reported the incident via Twitter on Jan. 15, mentioning “significant losses.” While the incident has been […]

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PAX Stablecoin Exceeds $5 Billion in Transactions in First 3 Months

Paxos Standard (PAX), the U.S. dollar-backed stablecoin issued by blockchain trust company Paxos, has exceeded $5 billion worth of transaction volume. U.S. dollar-backed stablecoin Paxos Standard (PAX) has exceeded $5 billion worth of transaction volumes, according to a press release shared with Cointelegraph Dec. 13. As reported, PAX is an Ethereum (ETH) blockchain-based stablecoin, backed […]

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World’s Largest Crypto Exchange OKEx to Delist 50+ Trading Pairs Due to ‘Weak’ Performance

Top crypto exchange OKEx will delist almost 60 trading pairs that reportedly have weak liquidity and trading volumes. Major Hong Kong-based cryptocurrency exchange OKEx will delist over 50 trading pairs with weak performance, according to an announcement published Oct. 25. As per the announcement, at 6:00 am Oct. 31, 2018 CET, the exchange will halt […]

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Important Aspects of Stablecoins: The Difference Between Pegging, Collateralization, and Redeemability

We know that stablecoins are backed by something. It’s time to learn how they are backed. Stablecoins have been making the headlines in recent months, attracting big investors, tempted by the allure of a on ‘non-volatile’ cryptocurrency. At first, we usually pay attention to the backing connection, in other words, to the coin’s  stabilizing mechanism. […]

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