The Financial Services Commission (FSC) in South Korea has announced new regulations for investors in digital assets. By July 2024, investors must receive interest when depositing funds into an exchange. However, nonfungible tokens (NFTs) and central bank digital currencies (CBDCs) are exempt from this requirement.The FSC plans to release legislative guidance on this matter, with […]
Crypto investors have been withdrawing their assets from the crypto exchange HTX (formerly known as Huobi) after a recent exploit that resulted in a loss of $30 million. Since the exchange resumed its services on November 25th, there has been a significant outflow of funds, totaling $258 million between November 25th and December 10th.According to […]
The U.S. Securities and Exchange Commission (SEC) has requested the court to consider newly unsealed documents in its lawsuit against cryptocurrency exchange Binance and its former CEO Changpeng Zhao (CZ). The SEC argues that the plea agreements made by Binance and CZ with other agencies support its case and should be taken into account. The […]
A security breach has been detected in the Herencia Artifex NFT project, involving a movement of $50 million in HXA tokens. The tokens were transferred by the KyberSwap exploiter, who obtained them using the “transfer from” function from an Ethereum address. This function, commonly used by decentralized application (DApp) users, allows tokens to be transferred […]
A security breach has been detected in the Herencia Artifex NFT project, involving a movement of $50 million in HXA tokens. The tokens were transferred by the KyberSwap exploiter, who obtained them using the “transfer from” function from an Ethereum address. This function, commonly used by decentralized application (DApp) users, allows tokens to be transferred […]
Binance, one of the largest cryptocurrency exchanges, is facing significant government oversight in the United States. The company’s compliance commitments with the Department of Justice (DOJ) have been revealed, outlining a range of obligations that Binance must fulfill. These include granting authorities access to documents and resources, as well as cooperating in investigations related to […]
Binance, one of the largest cryptocurrency exchanges, is facing significant government oversight in the United States. The company’s compliance commitments with the Department of Justice (DOJ) have been revealed, outlining a range of obligations that Binance must fulfill. These include granting authorities access to documents and resources, as well as cooperating in investigations related to […]
In a recent series of transactions, wallets associated with defunct crypto trading firms FTX and Alameda Research have transferred $23.59 million worth of digital assets to major cryptocurrency exchanges. This movement was identified by blockchain analytics firm Spot On Chain, which estimates that a total of $591 million has been transferred since October 24, involving […]
In a recent series of transactions, wallets associated with defunct crypto trading firms FTX and Alameda Research have transferred $23.59 million worth of digital assets to major cryptocurrency exchanges. This movement was identified by blockchain analytics firm Spot On Chain, which estimates that a total of $591 million has been transferred since October 24, involving […]
Conversations surrounding the launch of spot Bitcoin exchange-traded funds (ETFs) in the United States have reached an advanced stage, according to unnamed sources cited by Reuters. The U.S. Securities and Exchange Commission (SEC) has reportedly begun asking detailed and technical questions to potential spot Bitcoin ETF issuers, indicating that the regulator may soon approve their […]
