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Latest news, analysis, and updates on Exchanges from A47 News.
13 stories in Crypto · Updated live
Qubic Blockchain Resumes Operations After $1.3 Million Wallet Exploit
Qubic blockchain restarted operations on October 19, 2026, following a security incident that drained 1,404 wallets of approximately 2.94 trillion QU tokens valued at $1.3 million. The exploit was triggered by weak wallet recovery seed generation in legacy software on Apple devices, prompting validators to halt the network and implement a recovery plan. This incident highlights significant vulnerabilities in client-side wallet software, likely leading to increased scrutiny and improvements in security protocols across the cryptocurrency industry.
US Spot Ethereum ETFs See $1.08 Billion in Net Outflows Amid Price Decline
US spot Ethereum ETFs have recorded net outflows exceeding $1 billion during the first three weeks of October 2026. This significant outflow is attributed to broader cryptocurrency market weakness and reduced demand for Ether exposure, coinciding with a 9.7% decline in ETH price. The long-term implication suggests a potential shift in investor sentiment towards alternative assets as institutional appetite for listed Ether products diminishes.
Bitget to Acquire Thai Crypto Exchange GMO-Z.com Cryptonomics
Bitget announced its planned acquisition of GMO-Z.com Cryptonomics, a licensed digital asset exchange in Thailand, on October 20, 2026. This move is driven by Bitget's need to establish compliant local operations in Thailand following GMO's exit from the market due to ongoing losses. The acquisition, pending regulatory approval, is expected to enhance Bitget's presence in Southeast Asia's cryptocurrency landscape.
AIFC Court Blocks Six Unlicensed Crypto Platforms Including Coinbase
The Astana International Financial Centre (AIFC) Court has issued injunctions against Coinbase and five other crypto platforms, prohibiting them from offering unlicensed digital asset services within the AIFC. This enforcement action follows regulatory warnings issued by the Astana Financial Services Authority (AFSA) in 2025, aimed at ensuring compliance with Kazakhstan's licensing requirements for digital assets. The long-term implication may lead to increased scrutiny and regulatory compliance demands for crypto firms operating in the region, potentially reshaping the digital asset landscape in Kazakhstan.
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Qubic Blockchain Resumes Operations After $1.3 Million Wallet Exploit
Qubic blockchain restarted operations on October 19, 2026, following a security incident that drained 1,404 wallets of approximately 2.94 trillion QU tokens valued at $1.3 million. The exploit was triggered by weak wallet recovery seed generation in legacy software on Apple devices, prompting validators to halt the network and implement a recovery plan. This incident highlights significant vulnerabilities in client-side wallet software, likely leading to increased scrutiny and improvements in security protocols across the cryptocurrency industry.
US Spot Ethereum ETFs See $1.08 Billion in Net Outflows Amid Price Decline
US spot Ethereum ETFs have recorded net outflows exceeding $1 billion during the first three weeks of October 2026. This significant outflow is attributed to broader cryptocurrency market weakness and reduced demand for Ether exposure, coinciding with a 9.7% decline in ETH price. The long-term implication suggests a potential shift in investor sentiment towards alternative assets as institutional appetite for listed Ether products diminishes.
Bitget to Acquire Thai Crypto Exchange GMO-Z.com Cryptonomics
Bitget announced its planned acquisition of GMO-Z.com Cryptonomics, a licensed digital asset exchange in Thailand, on October 20, 2026. This move is driven by Bitget's need to establish compliant local operations in Thailand following GMO's exit from the market due to ongoing losses. The acquisition, pending regulatory approval, is expected to enhance Bitget's presence in Southeast Asia's cryptocurrency landscape.
AIFC Court Blocks Six Unlicensed Crypto Platforms Including Coinbase
The Astana International Financial Centre (AIFC) Court has issued injunctions against Coinbase and five other crypto platforms, prohibiting them from offering unlicensed digital asset services within the AIFC. This enforcement action follows regulatory warnings issued by the Astana Financial Services Authority (AFSA) in 2025, aimed at ensuring compliance with Kazakhstan's licensing requirements for digital assets. The long-term implication may lead to increased scrutiny and regulatory compliance demands for crypto firms operating in the region, potentially reshaping the digital asset landscape in Kazakhstan.