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Paxful CEO Denied Data Breach Rumors On His BTC Exchange

Ray Youssef, the Paxful CEO denied data breach rumors on the exchange after an alleged stolen database of the user data started making rounds on the online marketplace Raid Forums so let’s read more in our latest cryptocurrency news today. The seller on Reid Forums which is an online market for stolen data was selling a database that had personal info of about 4.8 million Paxful customers and staff at the P2P BTC exchange. The seller under the handle “mafufi” claims that there are first and last names, email addresses, passwords of Paxful clients as well home addresses and birth…

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Two Police Raids Later, BTC Exchange BitHumb Is Up For Sale

Two police raids later, the Bitcoin exchange BitHumb is officially up for sale and it will be sold to the highest bidder for $600 million as we are reading more in the latest crypto news below. The biggest South Korean bitcoin exchange is up for sale, two police raids later as the buyers started making offers in the range of $430 to $600 million and the buyer will be responsible for implementing the Special Payments Act. BitHumb was the largest cryptocurrency exchange in South Korea which is allegedly up for sale to the highest bidder according to the news outlet…

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BTC Derivatives Platform BitMEX Makes KYC Obligatory: Report

The BTC Derivatives platform BitMEX makes KYC obligatory and the future looks quite bright for the DeFi protocols so let’s find out more in the upcoming Bitcoin news today. The BTC derivatives platform BitMEX is implementing KYC for all users despite their trading size. Moving in the direction of regulatory requirements can push the exchange into a playground for the hedge funds. This provides a lot of opportunities for derivatives DEXes to fill the exchange’s options as a non-KYC trading venue. The new KYC policy requires the users to submit personal information to the exchange by 2021. This represents a…

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