Another blockchain cyber attack: HTX and Heco Bridge in trouble LeapRate

November 23, 2023 BY Elizabeth Anderson

Another blockchain cyber attack: HTX and Heco Bridge in trouble

Despite initially appearing as separate, coincidental attacks, both incidents were allegedly performed by the same party due to the similarity in exploitative techniques and the connection between both targets. In response to the security breach, HTX exchange has taken precautionary measures by temporarily suspending withdrawals from its platform. _____________________________________________________________________________________________________________________________________ Don’t miss out the latest news,…

May 03, 2023 BY Steffy Bogdanova

ATFX announces NFT soft launch

The company noted that the ATFX NFT Loyalty Program is only available to Southeast Asia and Latin America. NFTs are digital assets held on a blockchain network. Each token has its own distinct value and cannot be swapped on a one-to-one basis with others. Earlier last month, ATFX announced hiring former Swissquote executive Gonzalo Canete…

February 15, 2022 BY Steffy Bogdanova

AlgoTrader obtains $4.5 million in Pre-Series B funding round

2021 – a year of growth According to AlgoTrader, 2021 was a year of record growth for it, driven by growth of crypto funds and the exposure of leading banks to the digital asset ecosystem. The company is expecting a surge in demand for its products. Andy Flury, CEO of AlgoTrader, commented: As we pursue…

December 13, 2021 BY Steffy Bogdanova

Wells Fargo and HSBC agree to settle FX transactions through a blockchain solution

Mark Jones, co-head of Macro, Wells Fargo Corporate & Investment Bank, said: We are pleased to announce that we will be utilizing blockchain technology for the first time in the settlement process of cross-border payments. We are extremely excited to be collaborating with HSBC on a project which places both organizations at the forefront of…

January 19, 2021 BY Steffy Bogdanova

Zürcher Kantonalbank, Clearstream and FundsDLT process first blockchain-based fund transactions

Peter Hubli, Head Digital Asset Solutions at ZKB, commented: With FundsDLT we convinced ourselves of the potential for the entire value chain in the fund business, including the improvement of customer experience, efficiency in the settlement process and the reduction of costs. The proof of value allowed us to have a sneak peek into the…

Gate.io launches start-up incubator Gate.io Labs

January 18, 2021 BY Steffy Bogdanova

Gate.io launches start-up accelerator Gate.io Labs

The crypto market cap has reached $ 1 Trillion, with the leading digital currencies, BTC and ETH, accomplishing all-time-highs. The global blockchain market size is expected to grow from USD 3.0 billion in 2020 to USD 39.7 billion by 2025, at 67.3% CAGR. Marie Tatibouet, CMO at Gate.io, commented: Understandably, there are a multitude of…

November 11, 2020 BY Steffy Bogdanova

Blockchain technology, still revolutionary a decade later

Where is blockchain used? Blockchain is still primarily used for powering cryptocurrencies, such as Bitcoin. The blockchain is a ledger, or log, of every Bitcoin or other crypto transaction ever made and users on the network collaborate to verify new transactions when they occur - an enterprise known as "Bitcoin mining". It has long been…

October 15, 2020 BY Steffy Bogdanova

EFG Bank partners with Singapore fintech Hashtacs to develop blockchain platform

The solution will start with FX Accumulators and will be scaled up to include other types of structured products in future. ESG believes that digitalization of the manual workflows has reduced significantly the manhours and operational risks and also resulted in an increase in efficiency of over 50%. The platform has also given EFG the…

August 27, 2020 BY Steffy Bogdanova

Huobi CEO: Blockchain technology has the potential to change the world

Li explained that in this background Huobi was launched in September 2013. He commented: The most powerful push of the industry is that people realize how profitable it is to invest in Bitcoin. It was on November 19, 2013, I could never forget, I was sitting in front of my laptop and realized that Bitcoin…

August 24, 2020 BY Valentina Kirilova

Boerse Stuttgart develops financing method for industrial capital goods using blockchain

Dr Ulli Spankowski, Chief Digital Officer of Boerse Stuttgart GmbH, commented: The project shows what novel investments are possible with blockchain-based tokens for investors in the industrial sector. At the same time, companies gain greater flexibility for the financing of capital goods. With a view to this and further new markets we are creating an end-to-end ecosystem for…

Category: Blockchain