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MultiBank Group’s regulated crypto exchange, MultiBank.io, offers top-tier security and swift trade execution for major cryptocurrencies with free fiat deposits. The crypto world is volatile, with users steadily seeking a sense of trust and security. Now, a traditional finance giant, MultiBank Group, wants to change the global perception of crypto for the better with its know-how and expertise spanning over two decades. It’s hard to claim that the crypto world is known for its stability or reliability. However, trust in the market experience d a new low when FTX, a top United States-based ex change , went down in flames with smoke surrounding the remaining centralized ex change s. Trust and security have become the most sought-after commodities in the space. A whole year has passed since what’s called the “crypto’s Lehman Brothers moment.” This period of increased concern about the state of the cryptocurrency market has coincided with heightened regulatory scrutiny. Consequently, man...

The freeze resulted from a collaboration between Atomic Wallet, forensic companies and centralized exchanges following reports from users claiming unauthorized transactions from their wallets. Hacked cryptocurrency wallet Atomic Wallet has frozen $2 million in “suspicious deposits” in a joint effort with major crypto exchanges . Announcing the news to Cointelegraph on Oct. 19, Atomic Wallet said that blockchain intelligence firms Chainalysis and Crystal have assisted the wallet firm in identifying and containing the threat. Citing reports from Chainalysis and Crystal, Atomic Wallet reported that the “threat actor” used sophisticated methods to bridge the funds to the Bitcoin blockchain, including bridges and mixers. “Most funds have ultimately ended up on the Tron blockchain and Bitcoin network,” the report reads. The report specifically mentioned that the funds were bridged through the Avalanche bridge and then to the Tron blockchain. “Atomic Wallet extends heartfelt gratitude to the...

Bitcoin price is range-bound but several major altcoins such as XRP are showing signs of a potential breakdown. The United States' equities markets are on a recovery path. The S&P 500 Index (SPX) surged 2.50% last week to record its best week since June. Even though Bitcoin (BTC) also attempted a relief rally, the bulls could not sustain the higher levels. In the end, Bitcoin finished the week with a marginal loss of 0.5%. One of the main reasons Bitcoin gave back its gains was because the Securities and Exchange Commission delayed its decision on all spot Bitcoin exchange-traded fund applications. However, this has not dented the expectations of analysts. In a recent note, JPMorgan analysts said that the regulator will eventually approve several Bitcoin ETFs. Daily cryptocurrency market performance. Source: Coin360 The short-term price action in Bitcoin remains in flu. But that has not deterred the long-term investors who have held onto their stockpile. Glassnode data shows t...

Major crypto exchange Kraken identified an issue with crypto funding gateways, including BTC, ETH and ERC20, as users experience delays in deposits and withdrawals. The cryptocurrency exchange Kraken reportedly says that it's currently investigating an issue with several crypto funding gateways, including major ones such as Bitcoin (BTC), Ethereum (ETH) and ERC20.  On June 6, Kraken’s status page said, “Deposits and withdrawals are currently delayed. We will provide any updates as soon as possible.” The first notice was posted around 07:44 UTC, followed by two updates saying they are continuing to “work on a fix” for the issue . The status page did not make clear what is causing the issue . This is a developing story, and further information will be added as it becomes available. Source: https://thebittimes.com/kraken-experience-delays-in-deposits-and-withdrawals-amid-gateway-issues-tbt50047.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger...

The exchange said that all deposits and and withdrawals are temporarily suspended as it performs emergency server maintenance. South Korean crypto exchange GDAC has been hacked for approximately $13.9 million worth of crypto. The exchange has halted all deposits and withdrawals and is performing emergency server maintenance in response to the attack, according to an April 10 announcement from GDAC CEO Han Seunghwan. Notice on #GDAC Exchange Hack Alert️ GDAC Exchange has officially announced that it has experienced a security breach Please refer to the official announcements made by the Exchange ️GDAC Announcement: https://t.co/SNRFZTMEYg WEMIX Medium: https://t.co/7UIwyua72K — WEMIX (@WemixNetwork) April 10, 2023 According to the announcement, the attacker gained control of some of the exchange’s hot wallets on the morning of April 9, and at 7 a.m. Korean Standard Time began moving crypto into wallets under the attacker's control. Around 61 Bitcoin (BTC), 350.5 Ether (ETH), 1...

BTC and altcoin prices succumbed to this week’s negative newsflow, but sentiment analysis and on-chain data point to the possibility of a short-term bounce. March started off on a low due to a resurrection of inflationary fears. On March 7, hawkish comments from U.S. Federal Reserve chairman Jerome Powell amplified the market's expectation of a 50-basis point hike in the upcoming policy rate meeting on March 22 to March 23.  On March 8, the U.S. government's $1 billion Bitcoin (BTC) transfer of assets seized from Silk Road sparked fears of a sell-off. Later on the same day, the largest crypto-friendly bank confirmed its collapse and planned to liquidate its crypto positions voluntarily. The week's events sent Bitcoin's price to a two-week low of $20,050. A spike in negative sentiment may preclude a bounce The flurry of bad news and price drops caused a significant dip in CryptoQuant's Coinbase premium index, which measures the difference in trading prices on Coinb...

The "Kimchi premium" has flipped to discount again, and could be saying something about crypto market sentiment, at least in South Korea. South Korea’s "Kimchi premium" has flipped to a discount again, meaning cryptocurrencies such as Bitcoin are now cheaper to buy on South Korean exchanges. The phenomenon is named after the Korean dish kimchi. The Kimchi premium refers to when the price of Bitcoin (BTC) trades higher on South Korean exchanges than in other markets. According to data from blockchain analytics provider CryptoQuant, the Korea Premium index has been shifting between the -0.24 and 0.01 range between Feb 17 and 19. The Korea Premium index has been shifting between the -0.24 and 0.01 range between Feb 17 and 19. Source: CryptoQuant. As of writing, data on CoinMarketCap shows BTC is trading at roughly $24,464 on Coinbase and $24,487 on Binance. In comparison, Korean exchange Bithumb has it listed at $24,386 and one of the largest exchanges in South Korea ...

Bitcoin and select altcoins have rebounded sharply off their support levels, a possible sign that traders are buying the recent dip in the market. Bitcoin (BTC) is leading the cryptocurrency markets on the path to recovery. Although the United States Consumer Price Index (CPI) print for January was marginally higher than expectations, it did not dent the enthusiasm of bullish crypto trader. A positive response to seemingly negative data is a sign that the sentiment is bullish and traders are looking for buying opportunities. However, some analysts are cautious due to the strengthening of the U.S. dollar index (DXY). They believe that a sustained rally in the DXY could limit the upside in cryptocurrencies. Daily cryptocurrency market performance. Source: Coin360 Usually, long-term downtrends are followed by a base formation. During this phase, several analysts remain skeptical about a rally but the price action continues to surprise them. Although data is important, short-term traders ...

Find out how crypto derivatives trading can limit potential risks of loss in a bear market. This year saw the crypto market rocked by numerous crises while the bearish climate was a constant presence. Considering this, many traders have lost confidence in traditional CEX trading and are looking to diversify their strategies. Turning to alternative Trading patterns and products is a way to minimize risk and reduce losses. Cointelegraph’s interview with Eightcap contains more about Derivatives Trading in the crypto space. Q: FTX has become one of the biggest crypto disasters lately. What could have been done to avoid that? The collapse of FTX has taught investors and crypto providers major lessons about security, transparency and trust. FTX was one of the largest crypto exchanges in the world. It is evident they lacked a number of controls across the board, but one thing is certain: The exchange should never have used its customer funds to pay for its own expenses, debts and loans to...