Category: Exchanges

KuCoin Joins BitGo Singapore’s Go Network for Off-Exchange Settlement, Reinforcing $2 Billion Trust Project

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VICTORIA, Seychelles, June 19, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange with over 41 million users, today announced its integration and exchange partnership with BitGo Singapore Pte. Ltd. (“BitGo Singapore”), a subsidiary of BitGo, Inc., through its Go Network for Off-Exchange Settlement (OES) platform. This collaboration marks another significant step in KuCoin’s $2 Billion “Trust Project” designed to strengthen platform security and institutional trust. Through this integration, institutional clients on KuCoin can now trade without pre-funding exchange wallets. Assets remain securely held in regulated custody under BitGo Singapore,…

Brazil’s Congress up in Arms Against ‘Flawed’ Cryptocurrency Tax Decree

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The Provisional Measure issued by the Brazilian government to impose a flat fee on cryptocurrency income is being contested in Congress, as some believe it may exceed the executive’s jurisdiction on tax matters, thereby bypassing the institution’s mandate. Flat Cryptocurrency Tax Decree Contested in Brazilian Congress Cryptocurrency taxation is becoming a hot topic in Brazil, […] Source

South Korea’s FSC To Probe Fees By Crypto Exchanges

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South Korea’s financial regulator plans to investigate transaction fees charged by domestic cryptocurrency exchanges, aiming to reduce trading costs for users, according to local media. South Korea’s Financial Services Commission (FSC) will launch a probe into transaction fees imposed by local trading platforms and review potential intervening measures, the Herald Economy reported on Thursday. The move is part of South Korea’s newly elected president Lee Jae-myung’s broader pro-crypto agenda. Lee reportedly promised to reduce crypto trading transaction costs to support young traders as part of his presidential campaign. As part…

Iran Orders Crypto Exchange Curfew

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The central bank of Iran has reportedly imposed strict operating hours on its domestic crypto exchanges following a $100 million exploit on Nobitex by a pro-Israel hacker group. In a blog post on Wednesday, Chainalysis cited reports saying domestic crypto exchanges in Iran are now limited to operating hours between 10 am and 8 pm.  Chainalysis’s head of national security intelligence, Andrew Fierman, told Cointelegraph the curfew is likely an attempt to stay on top of any further attacks, because “incidents are easier to triage if they’re not happening in…

Hackers Shut Down Bank, Then Target Crypto Exchange for $81,700,000 in Bitcoin, DOGE, Tron and More

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An Israeli group of hackers is reportedly taking credit for major cyberattacks against an Iranian bank and a crypto exchange. The Israeli hacking group Predatory Sparrow is claiming responsibility for the cyberattack against Iran’s Bank Sepah that has left customers unable to access their funds, reports Axios. Local Iranian news has reported that customers’ cards are completely unusable, the mobile app and digital services are down, and most ATMs are out of cash. Said one man in Tehran, the country’s capital, “I’ve visited ten ATMs today… None had any cash.”…

Hacking Group ‘Predatory Sparrow’ Claims $82M Crypto Raid on Iran’s Top Crypto Exchange

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According to reports, Iranian cryptocurrency exchange Nobitex suffered a breach, with onchain data revealing that around $82 million was siphoned from its reserves. A hacker collective calling itself Predatory Sparrow has claimed responsibility for the coordinated hit on the centralized exchange (CEX). Hackers Loot Iran’s Nobitex, Threaten Full Source Code Leak Within 24 Hours On […] Source

BTCC Exchange Celebrates 14th Anniversary with Launch of First-Ever User Badge Program

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June 18th, 2025 – VILNIUS, Lithuania BTCC, one of the world’s longest-serving exchanges, celebrates its 14th anniversary by launching its first-ever user badge program. The milestone campaign, running from June 16 to July 1, 2025, introduces the exclusive “14 Years of Momentum” badge. This limited-edition emblem aims to honor community loyalty as the exchange steps into its 15th year of operation in the crypto space. In the fast-paced cryptocurrency industry, 14 years of operation represent an extraordinary milestone of excellence. BTCC has proven its commitment to security and reliability by…

3iQ Launches XRP ETF on Toronto Stock Exchange With Backing From Ripple

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Canadian asset manager 3iQ has launched a new XRP-focused ETF for North American users. The 3iQ XRP ETF (TSX: XRPQ, XRPQ.U) began trading today on the Toronto Stock Exchange, offering investors direct exposure to the fourth-largest digital asset by market cap. Ripple (XRP), the blockchain company behind the XRP Ledger, is an early investor in the fund, 3iQ said in a Wednesday announcement. To mark the occasion, the 3iQ team will ring the TSX’s closing bell this afternoon. The ETF debuts with a six-month 0% management fee. It invests exclusively…

Iranian Crypto Exchange Nobitex Loses $82M in Cyberattack as Israel-Iran Tensions Escalate

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Iran’s largest cryptocurrency exchange Nobitex suffered a major security breach that drained approximately $82 million from its digital wallets, with an Israeli-linked hacking group claiming responsibility for the attack. Predatory Sparrow Hackers Hit Iran With $82M Crypto Heist The group known as Gonjeshke Darande, which translates to “Predatory Sparrow,” announced the hack on social media platform X, warning they would release the exchange’s source code and internal documents within 24 hours. The hackers used provocative wallet addresses containing anti-Iranian messaging to move the stolen funds across multiple blockchain networks. bypassing…

Canada Approves First XRP Spot ETF on Toronto Stock Exchange

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Purpose Investments will launch Canada’s first spot XRP exchange-traded fund (ETF) on the Toronto Stock Exchange on June 18, offering investors regulated exposure to XRP in both CAD and USD. XRP ETF by Purpose Receives Green Light, Trading Set to Begin June 18 Purpose Investments Inc. has secured final approval from Canadian regulators to launch […] Source