Category: Exchanges

Dubai's Commodities Exchange and Bybit Enter Advisory Partnership Focused on Web 3

boss

Bybit has extended its partnership with the Dubai Multi Commodities Centre (DMCC), the cryptocurrency exchange announced today (Monday). Bybit will now transition from being a key ecosystem partner to an advisory role, a move expected to catalyze further growth in Dubai’s burgeoning crypto and Web 3 sectors. Advisory Partner The newly elevated partnership, effective from August 2024 through July 2025, will allow Bybit to step into its role as DMCC’s Ecosystem and advisory partner. This expanded role involves offering guidance to the DMCC Crypto Center and its network, underpinning the…

Putin Signs Law to Advance Cryptocurrency Use in Russia’s International Trade

boss

Russian President Vladimir Putin has signed a new law to establish experimental legal frameworks to advance digital technologies, particularly cryptocurrencies, in international trade. The legislation allows for the modification of laws to facilitate cryptocurrency transactions, including cross-border trade, and grants the Bank of Russia oversight of pilot projects related to digital currencies. Putin Signs Law […] Source

Connecticut Police Recover $63,500 in Cryptocurrency Scam

boss

Connecticut State Police (CSP), in collaboration with the Statewide Prosecution Bureau, said on Wednesday that they have successfully recovered over $63,500 for a victim of a cryptocurrency phishing scam. The incident, reported in April by a Cheshire resident, involved the loss of over $68,000 in cryptocurrency through a fraudulent scheme offering new tokens. Utilizing blockchain […] Source

Indian Crypto Exchange WazirX To Roll Back All Trades and Restore Balances Following $230,000,000 Hack in July

boss

Indian crypto exchange WazirX is reversing all trades and restoring customer balances after the platform was hacked to the tune of hundreds of millions of dollars in July. In a new thread on the social media platform X, WazirX says that after listening to the community, it has decided to roll back all trades made after the stoppage of withdrawals last month and restore all associated account balances. “All users will have their portfolio balances on the WazirX platform restored to what they were on 18 July 2024, 1 PM…

US Court Orders Bankrupt Crypto Exchange FTX To Pay $12,700,000,000 to Former Customers and Fraud Victims

boss

A US court has ordered bankrupt crypto exchange FTX to pay $12.7 billion in monetary relief to customers who suffered losses when the company collapsed in 2022. In a new statement, the Commodity Futures Trading Commission (CFTC) says the order requires FTX to pay $8.7 billion in restitution and $4 billion in disgorgement to further compensate those who fell victim to the exchange’s fraudulent scheme. In December 2022, the CFTC filed a fraud complaint against FTX, its founder Sam Bankman-Fried, and former company executives alleging that they misappropriated customer funds…

Irish Authorities Seize $7.1M in Cryptocurrency Amid Darknet Money Laundering Bust

boss

Irish authorities seized $7.1 million in cryptocurrency in a raid targeting money laundering and darknet sales. Three individuals were arrested, with one remaining in custody. “The arrests of the three individuals and the assets seized are the result of a highly complex investigation into criminal darknet marketplace activities by specialist investigators attached to the Garda […] Source

Crypto Exchange Activity Hits $845 Billion in July, Up 105% from 2023

boss

Louise Bedford | Trading Game| FMPS:24 Speaker Interviews Louise Bedford | Trading Game| FMPS:24 Speaker Interviews Louise Bedford | Trading Game| FMPS:24 Speaker Interviews Louise Bedford | Trading Game| FMPS:24 Speaker Interviews Louise Bedford | Trading Game| FMPS:24 Speaker Interviews Louise Bedford | Trading Game| FMPS:24 Speaker Interviews We had the pleasure to meet and interview bestselling author, trading expert and founder of the Trading Game, Louise Bedford and discuss her upcoming speaker sessions at the Finance Magnates Pacific Summit 2024. With over 30 years of trading experience, Louise shares…

Russia Legalizes Cryptocurrency Mining in New Law Signed by Putin

boss

Russia has officially legalized Cryptocurrency mining, marking a significant shift in the country’s approach to digital assets, RT reported. The new law, signed by President Vladimir Putin, introduces a comprehensive legal framework that regulates cryptocurrency mining and defines the rights and obligations of those involved in the industry. Russia Recognizes Crypto Mining The law, published on Russia’s official legal information portal, clarifies the previously unregulated cryptocurrency mining sector. By legally recognizing cryptocurrency mining as a legitimate activity, the Russian government has included it as part of the broader economic turnover…