KuCoin Hack: Exchange’s Insurance Fund to Cover User Loss “Completely,” Tether Freezes 33M USDT

The Singapore-based cryptocurrency exchange KuCoin released a statement regarding detecting large withdrawals on September 26, 2020, at 03:05:37 (UTC+8). The exchange has reportedly lost $150 million worth of funds, although KuCoin hasn’t declared it yet but released “suspicious addresses,” which are constantly updated. As per the company’s internal security audit Read more…

What is Ethereum 2.0?

It’s been a long time coming, but Ethereum 2.0 is finally on the horizon. The major update aims to address the network’s scalability and security through a number of changes to its infrastructure—most notably, the switch from a proof of work consensus mechanism to a proof of stake model. What Read more…

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