Exchanges Archives

Hackers Behind DMM Crypto Exchange’s $305,000,000 Bitcoin Heist Move 850 BTC: Blockchain Security Firm

August 24, 2024 boss

The hackers who plundered $305 million worth of Bitcoin from a Japanese crypto exchange earlier this year are moving their BTC. In May, the Japanese trading platform DMM Bitcoin lost 4,502.9 BTC in what the crypto investigative firm Chainalysis called “the seventh-largest crypto hack ever.” The blockchain security firm PeckShield says wallets associated with the hackers moved roughly 850 BTC worth more than $54 million to six different addresses this week. The cybercriminals, who on-chain sleuths suspect could be linked to the North Korean hacking outfit known as the Lazarus Group,…

Judge Denies Kraken’s Request To Dismiss SEC Claims Alleging the Exchange Operated As Unregistered Securities Broker

August 24, 2024 boss

A judge shot down Kraken’s request to dismiss claims made by the U.S. Securities and Exchange Commission (SEC) alleging the exchange violated securities laws. Last November, the SEC charged Kraken with operating its crypto trading platform as an unregistered securities exchange, broker, dealer and clearing agency. Earlier this year, Kraken filed in US District Court to dismiss those charges, positing that the SEC’s claims would widen the definition of investment contracts and expand the regulator’s jurisdiction outside of its delegated responsibility. On Friday, US District Judge William H. Orrick denied the…

Kraken Crypto Exchange Fined by Australian Court

August 24, 2024 boss

The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product was offered without a required market determination, breaching the Corporations Act. ASIC emphasized the need for compliance in the crypto industry, aiming to ensure consumer […] Source

India Expected to Release Consultation Paper on Cryptocurrency Regulations in Coming Months, Report

August 24, 2024 boss

The Indian government, through a panel headed by the Secretary of the Department of Economic Affairs (DEA), is expected to release a consultation paper on cryptocurrency regulations. The paper, scheduled for release between September and October 2024, will seek input from stakeholders to gather feedback on effective regulation. India is emphasizing the importance of international […] Source

Russia Makes Plans To Launch Crypto Exchanges and Stablecoin: Report

August 23, 2024 boss

Russia is reportedly making plans to launch its very own crypto exchange platforms and stablecoins. According to a new article by local news publication Kommersant, Russia is planning on creating at least two crypto exchanges – one based in Moscow and another in St. Petersburg – as well as stablecoins pegged to the Chinese yuan and BRICS currencies. Russia is part of an economic alliance with Brazil, India, China, and South Africa known as BRICS. The report goes on to say that the exchanges – which will be mainly reserved for wealthy…

Hong Kong’s Crypto Licensing Faces Hurdles as 11 Exchanges Under Review

August 22, 2024 boss

Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials In this video, Demetris Taxitaris, CEO of MAP S. Platis, discusses the significant impact of the upcoming MiCA regulation on the European crypto industry. He explains how MiCA will revolutionize the industry by transitioning crypto exchanges…

Crypto Exchange Giant Ramps Up Compliance Hiring, Spends $200 Million

August 22, 2024 boss

Decentralized Exchanges Won’t Go Too Far Without Capital Efficiency

August 22, 2024 boss

HodlX Guest Post Submit Your Post One main goal of investing is to ensure that your money works for you at all times, whether that’s through a savings account you barely look at or through high-activity stock trading. In the past, a savings account yielding 10 percent was a reliable and safe option for many people. However, today’s financial landscape paints a different picture. Pursuing meaningful returns has redirected investor focus away toward solutions powered by blockchain and DeFi (decentralized finance). However, for a DEX (decentralized exchange), the quest for…

Crypto Exchange Taps 650 Million Users With New Payment Options

August 20, 2024 boss

Crypto Exchanges Flocking Towards Turkey: Coinbase, KuCoin Apply for Licence

August 19, 2024 boss

Coinbase, KuCoin, Gate.io, and several other small and large cryptocurrency brands are now attempting to obtain business licences in Turkey, according to an updated list published by the Capital Markets Board of Türkiye. Top Companies Seek Turkish Licence First published on August 9, the list included 47 names of cryptocurrency companies. However, it was later updated to add more names, bringing the total to 76. “The list published here has been created to inform the public about the organisations that declared that they will operate in accordance with the Temporary…