Hack Alert! Japan’s Liquid Global Exchange Loses Almost $100M in Crypto

On Thursday, Tokyo-based Japanese crypto exchange Liquid revealed hackers had compromised it. Liquid did not exactly put up any figure on the amount stolen from the warm wallets. However, Elliptic estimated the hackers made away with about $97 million in digital coins.  The figure included $31 million in ether, $5 million in bitcoin, $13 million in XRP, and stablecoins. $45 million of the amount was in Ethereum tokens. Liquid said that the conversion of the digital assets to ether is underway. This…

The Liquid Exchange – An Easy to Follow Guide for New Users

Liquid is a regulated multi-cryptocurrency exchange. The platform is a comprehensive and secure trading toolset for beginners and pros. The exchange gained popularity due to its top-notch UX and streamlined trading experience. Users can trade, store, send, and receive cryptocurrencies using Liquid. The platform also supports fiat deposits, leveraged trading, and credit card purchases. Features of the Liquid Exchange The Liquid exchange is a unified, globally-sourced trading platform that integrates a simplistic and easy-to-use interface. Both the website and Mobile app…

Bitcoin Sidechains: What Are They and How do They Work?

So far, Bitcoin is the top contender in the cryptocurrency market, with a net worth of approximately 166.4 billion USD. It has a robust network strengthened by its decentralized nature. Using a peer-to-peer network under cryptographic protocols, it enables the undertaking of transactions globally.  However, this crypto giant network comes with a few limitations that sidechains help solve. Some of these limitations are slow transactions per second, higher transaction costs, scalability issues, and slow evolution of the network compared to traditional…