Recap | Binance’s Changpeng Zhao addresses “KYC leak FUD,” 25 BTC bounty offered | EtherDelta allegedly used in exit scam in China, authorities investigating
BTC 📈 $11,809 (+1.85%) / ETH 📉 $224 (-0.92%) / XRP 📉 $0.32 (-0.24%)
|Aug 7||Public post|| 2|
Evidence shows EtherDelta was sold to new owners in China and used in an exit scam. Chinese authorities are allegedly taking legal action against the decentralized exchange, according to documents provided by Dovey Wan, a founding partner at Primitive Ventures.
News resurfaced that Binance’s know-your-customer (KYC) data had been hacked and uploaded into a Telegram group, dubbed “Find Your Binance KYC.”
While Bitcoin decouples from the rest of the market, altcoins are lurking without any major price action.
A U.S. judge has ruled Coinbase can be sued for negligence over its contentious 2017 Bitcoin Cash (BCH) listing, describing the actions of the iconic U.S. cryptocurrency exchange as constituting “incompetence born of haste”, Bloomberg reported.
Amidst intensifying geopolitical risks and growing uncertainty in the global financial market, heavyweight investors like Michael Novogratz and Travis Kling foresee Bitcoin emerging as a viable alternative store of value.
Balaji Srinivasan, the former CTO of Coinbase and general partner at Andreessen Horowitz, believes that cryptocurrencies will bring about significant changes to the world of investing.
Anthony Pompliano, the co-founder at Morgan Creek Digital and outspoken Bitcoin bull, said that over 50 percent of his net worth was in BTC in an interview with CNBC’s Squawk Box.
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