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Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada

Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada

by Zhiyuan Sun | Aug 10, 2022 | Uncategorized

The past actions of bad actors has forced the country’s regulators to take a tough stance on crypto exchanges. It’s a story that still haunts the early generation of Canadian crypto users to this day. Four years prior, Gerald Cotten, co-founder of...
Crypto exchange Hotbit says it froze customer funds due to alleged criminal ties of formal employee

Crypto exchange Hotbit says it froze customer funds due to alleged criminal ties of formal employee

by Zhiyuan Sun | Aug 10, 2022 | Uncategorized

It’s not yet clear how the alleged criminal misconduct of a former employee led to a law enforcement freeze on user’s funds. On Thursday, cryptocurrency exchange Hotbit said it “suspended trading, deposit, withdrawal and funding functions,”...
Optimism TVL surges nearly 300% M/M ahead of The Merge upgrade

Optimism TVL surges nearly 300% M/M ahead of The Merge upgrade

by Zhiyuan Sun | Aug 10, 2022 | Uncategorized

The Ethereum scaling solution has surpassed $1 billion in total value locked within a matter of weeks. According to data from DeFi Llama, total value locked (TVL) on Optimism, a layer-two scaling solution for the Ethereum blockchain, has surged 284% in the past month....
Circle plans to only support Ethereum PoS chain after Merge is complete

Circle plans to only support Ethereum PoS chain after Merge is complete

by Zhiyuan Sun | Aug 9, 2022 | Uncategorized

“USDC as an Ethereum asset can only exist as a single valid version,” says the team at Circle. On Tuesday, Circle, the issuer of the USDC stablecoin, pledged its full support for the transition of Ethereum to a proof-of-stake, or PoS, blockchain after the...
Anonymous user sends ETH from Tornado Cash to prominent figures following sanctions

Anonymous user sends ETH from Tornado Cash to prominent figures following sanctions

by Zhiyuan Sun | Aug 9, 2022 | Uncategorized

It appears to be an ongoing prank to challenge the novel Tornado Cash sanctions. On Tuesday, one day after the U.S. Treasury sanctioned cryptocurrency mixer Tornado Cash for its alleged role in cryptocurrency money laundering operations, intervals of 0.1 Ether (ETH)...
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