187,000 BTC Drained: Over $2 Billion in Bitcoin Leave the Top Exchanges Since June
Cryptocurrency reserves held on digital asset exchanges have been dropping to new lows, as some of the top exchanges have seen significant bitcoin reserve balance drops. A few months ago trading platforms had a lot more bitcoin reserves on hand and onchain data shows a few exchanges have seen customers steadily drain 187,000 bitcoins ($2.1B) from exchange-owned cold wallets. In February, Coinbase had 1 million bitcoin under management...
Okex Halts Withdrawals Due to ‘Out of Touch’ Private Key Holder, Founder Star Xu Talks With Police
The digital currency exchange Okex disabled cryptocurrency withdrawals on Friday morning and explained that funds were “safe and not affected.” Following the withdrawal announcement, regional reports claim that Okex’s founder Mingxing “Star” Xu was taken away by the police. On Friday morning (ET) a local report from the publication Caixin detailed that the founder of Okex, Mingxing “Star” Xu, was taken away by the police. Hours before...
Cloudflare Ordered to Block Pirate Music Site Following Universal Music Lawsuit
CDN company Cloudflare has grown to become one of the most useful and important companies on the Internet, serving millions of websites that in turn serve countless millions of users of their own. One of Cloudflare’s key aims is to be viewed as a neutral intermediary but that status is being chipped away by elements of the entertainment industries. The problem is that some of Cloudflare’s customers are pirate sites but as a service...
