China News by Thebittimes.Com

Derivatives exchange Bitget has announced the launch of its new $100 million fund, Bitget EmpowerX Fund. The fund will enhance Bitget’s ecosystem by investing in regional exchanges, data analytics firms, media organizations, and other opportunities. Bitget EmpowerX Fund will operate with a capital base of $100 million to support Bitget’s expansion and vision. The fund’s main goal will be to increase Bitget’s long-term impact in the digital asset space and its ecosystem . You might also like: Bitget introduces new KYC for its customers Bitget expansion in the crypto industry Bitget is a prominent player in the cryptocurrency industry, specializing in futures and copy trading services, established in 2018. It serves over 8 million users across over 100 nations and regions. The exchange has gained recognition as a top 6 futures trading platform and a 12th spot trading platform, per CoinMarketCap. Bitget has established a Builders’ Fund worth $5 million , demonstrati...

October ended up being a spooky month for a number of reasons. Concern over well-known protocols being compromised appeared throughout the month in the crypto sphere. October was identified as the month with the highest number of cryptocurrency scams and hacks as early as the second week of the month. The community was reflecting on the hacks that elevated October to the top of the list as we approached “Moonvember.” Earlier this week, PeckShield, a blockchain security firm gave the community a peek into the monthly statistics of the total crypto stolen. As per the firm, a whopping $2.98 billion was wiped out of the market through hacks as of October 31, 2022. It should be noted that there were a total of 44 exploits that had an impact on 53 protocols this month. While $100 million was returned, exploiters pocketed $760 million was still missing. Following this, 2022’s stolen funds list grew to nearly $3 billion. This was double the amount lost back in 2021 which is...