Category: Exchanges

DOJ Seizes $500K in Ransom Payments, Cryptocurrency From State-Sponsored North Korean Hackers – Regulation Bitcoin News

boss

The U.S. Department of Justice (DOJ) has seized $500K in ransom payments and cryptocurrency from a state-sponsored North Korean group. “We are returning the stolen funds to the victims,” Deputy Attorney General Lisa O. Monaco said, adding that the seized funds include ransoms paid by health care providers in Kansas and Colorado. DOJ Seizes Crypto From North Korean State-Backed Group The U.S. Department of Justice (DOJ) announced Tuesday that it has seized and forfeited approximately $500K from North Korean ransomware actors and their conspirators. The department added that it has…

Crypto Exchange Zipmex Halts Withdrawals Citing Market Conditions, Financial Difficulties of Business Partners – Exchanges Bitcoin News

boss

Cryptocurrency exchange Zipmex has halted withdrawals due to “volatile market conditions, and the resulting financial difficulties of our key business partners.” The exchange operates in Singapore, Australia, Indonesia, and Thailand. Zipmex Pauses Withdrawals Crypto exchange Zipmex, which operates in Singapore, Australia, Indonesia, and Thailand, has become the latest crypto company to halt withdrawals. The platform described itself as “Asia’s leading digital asset exchange providing you high liquidity and insurance on your assets.” On Wednesday, Zipmex announced via Twitter that “due to a combination of circumstances beyond our control including volatile…

SIMBA Chain and Equideum Health Announce Partnership To Build Web 3.0 Health Data Exchange

boss

July 20, 2022 – South Bend, Indiana SIMBA Chain is announcing a new partnership for the global healthcare and life sciences industry with Equideum Health, the Web 3.0 and blockchain-powered health company formerly known as ConsenSys Health. The collaboration aims to significantly enhance global healthcare by building a decentralized marketplace, dubbed the Equideum Exchange, for empowering individuals to monetize health and health-relevant data about them. Integrating SIMBA Chain’s cutting-edge blockchain solution SIMBA Blocks with Equideum Health’s Elevated Compute™ platform will greatly accelerate both cross-blockchain interoperability and the incorporation of healthcare and…

Thailand-Focused Crypto Exchange Zipmex Suspends Withdrawals

boss

Singapore-based cryptocurrency exchange, Zipmex suspended withdrawals from its platforms on Wednesday, citing a “combination of circumstances” that were beyond its control. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. In a Tweet by the crypto exchange, it highlighted volatile market conditions and the “resulting financial difficulties of our key business partners” that have pushed it to take such drastic action. Though the exchange did not provide further details about the move, it…

Hedge Fund Veteran Anthony Scaramucci Halts Redemptions for Fund Exposed to Crypto Exchange FTX and Bitcoin

boss

SkyBridge Capital founder Anthony Scaramucci is responding to concerns about the firm temporarily halting withdrawals on one of its investment funds that has exposure to crypto. In a new interview on CNBC’s Squawk Box, the investing veteran explains the reasoning behind pausing client redemptions in Legion Strategies fund while allaying fears of potential liquidation. “Our board made a decision to temporarily suspend until we can raise capital inside the fund and make sure when people get out, they get out orderly and we keep the fund’s portfolio composition more or…

Exchange operator Cboe is a buy as recession chances rise, Morgan Stanley says

boss

As the risk of a recession continues to rise, Morgan Stanley believes it’s time to buy exchange operator Cboe Global Markets . Analyst Michael Cyprys double upgraded the stock from an underweight rating to overweight, saying in a note to clients Tuesday that at this time, the bank favors defensive exchanges and brokers that benefit from rising rates and increased volatility. “In a less certain macro environment with rising probability of a recession, CBOE’s transaction-heavy business model (70% of revenues) offers potential for growth and the greatest chance for upward…

Indian Exchanges Hold Meeting to Discuss Way Forward After Crypto Advocacy Body is Dissolved: Sources

boss

“We have always valued our association with IAMAI, however we are also shocked and disappointed with their sudden decision,” Sumit Gupta, co-chair of the now defunct BACC, said in a written statement on Tuesday, adding that crypto advocates like him will “continue to double down” on their efforts. Gupta is also the co-founder and CEO of CoinDCX, one of India’s prominent crypto companies. Source

What happens to my funds if a crypto exchange goes bankrupt?

boss

Bankruptcy filings from Celsius and Voyager have raised questions about what happens to investors’ crypto when a platform fails. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Traders hoping to recoup their funds from failed cryptocurrency exchanges anytime soon are likely to end up disappointed, legal experts tell CNBC. Crypto trading and lending firms Celsius and Voyager Digital filed for bankruptcy this month, leaving users’ assets trapped inside their platforms. Both firms froze client accounts after an influx of withdrawals led to liquidity issues. Celsius operated much like…

Crypto Exchange Binance Faces Fine From Dutch Central Bank for Allegedly Operating in Country Without Permission

boss

The world’s largest crypto exchange by trading volume is receiving a registration fine from De Nederlandsche Bank (DNB), the Dutch central bank. According to an announcement, the fine will be punishable by the third category – the DNB’s strictest enforcement level. “The violations committed by Binance are punishable with a fine from the third category.  This means that the administrative fine has a basic amount of EUR 2,000,000, a minimum amount of EUR 0 and a maximum amount of EUR 4,000,000.” The Dutch central bank is fining Binance 3.3 million…

Crypto exchange Binance fined by Dutch central bank

boss

The logo of cryptocurrency exchange Binance displayed on a smartphone with stock market percentages in the background. Omar Marques | SOPA Images | LightRocket via Getty Images Binance, the world’s largest cryptocurrency exchange, on Monday was slapped with a 3.3 million euro ($3.4 million) fine from the Dutch central bank for operating in the Netherlands without registration. The penalty came after an August 2021 warning from De Nederlandsche Bank (DNB) last year that Binance had offered crypto services in the country without authorization. The company was dealt a category 3…