A cybersecurity breach pushed crypto platform Upbit to halt transfers and rebuild parts of its wallet infrastructure while investigators reviewed abnormal activity and the exchange moved to assure customers their assets remained fully protected. Upbit Races to Fortify Systems After Security Breach South Korean crypto exchange Upbit issued an announcement on Nov. 28 from Oh […] Source
Some of the world’s biggest cryptocurrency exchanges and Web3 companies have pledged millions of dollars to support victims of the deadly fire at the Wang Fuk Court apartment complex in Hong Kong’s Tai Po District, highlighting the sector’s growing role in real-world relief efforts. Three centralized crypto exchanges (CEXs) have publicly pledged to donate $24.78 million Hong Kong dollars ($3.19 million) to aid the victims of the devastating fire, which claimed the lives of at least 128 residents. The donations included $1.5 million from Bitget exchange, $1.28 million from Binance,…
Disclosure: This article contains affiliate links. If you click a link and make a purchase or sign up for a service, Bitcoin.com may receive a commission. Our editorial content is independent and based on objective analysis. As traders prepare for 2026, the top crypto exchanges 2025 continue to define what transparency, innovation, and security mean […] Source
South Korea is preparing to expand its anti-money laundering rules for cryptocurrency transactions. The government will extend the crypto Travel Rule to cover transfers below 1 million won, or about $680. The move follows the adoption of the Virtual Asset Users Protection Act, which took effect in July last year. The law bans insider trading, market manipulation, and illegal trading of virtual assets. It also gives regulators broader powers to inspect exchanges and enforce penalties for violations. Smaller Crypto Transfers Now Under Scrutiny Financial Services Commission Chairman Lee Eok-won told…
Large holders are crowding the exits, according to Cryptoquant’s researchers, who say bitcoin, ethereum, and a wide slate of altcoins are seeing a decisive jump in exchange deposits as prices weaken. Report Signals Caution as Big Players Trim Exposure A new report, published on cryptoquant.com, details a sharp acceleration in exchange inflows across major assets, […] Source
Australia’s Parliament is advancing landmark legislation designed to impose strict regulatory oversight on cryptocurrency exchanges and digital asset custody providers, introducing a comprehensive framework aimed at boosting investor protection and unlocking significant economic gains. Treasurer Jim Chalmers and Financial Services Minister Daniel Mulino on Wednesday introduced the Corporations Amendment (Digital Assets Framework) Bill 2025, which establishes the nation’s first full regulatory structure for companies that hold crypto on behalf of customers. The bill has already passed its first reading and moved immediately to a second reading for debate. At the…
Upbit, South Korea’s dominant cryptocurrency exchange, suffered unauthorized withdrawals totaling approximately $36.9 million (54 billion won) early Thursday morning, marking the second time the platform has been breached on November 27. The exchange detected unusual activity at 4:42 a.m. local time when Solana-linked assets moved to an unidentified wallet address. Dunamu CEO Oh Kyung-seok disclosed the breach during a press conference at 12:33 p.m., just hours after the company had announced its merger with Naver Financial. Upbit’s Six-Year Anniversary of $50 Million Ethereum Theft The timing raised immediate concerns among…
November 27th, 2025 – Dubai, United Arab Emirates Technance, a global provider of digital asset and trading infrastructure, has announced the launch of its expanded enterprise technology stack designed for crypto exchanges, neobanks, brokerages, and Web3-native platforms. The company aims to bridge the gap between traditional finance and digital asset markets by offering a unified suite of high-performance trading and liquidity solutions. Technance’s modular infrastructure enables businesses to deploy and scale digital asset products without the need to build complex in-house systems. The platform includes: • Liquidity Providing & Multi-Source…
Australia’s government has introduced a new bill that will regulate crypto platforms under existing financial services laws after an industry consultation saw cautious support for the legislation. Assistant Treasurer Daniel Mulino introduced the Corporations Amendment (Digital Assets Framework) Bill 2025 on Wednesday, which would require crypto companies such as exchanges and custody providers to obtain an Australian Financial Services License (AFSL). “Across the world, digital assets are reshaping finance,” Mulino told the House on Wednesday. “Australia must keep pace. If we get this right, we can attract investment, create jobs…
Global cryptocurrency exchange KuCoin has officially registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a Digital Currency Exchange (DCE), a crucial step allowing the platform to legally offer its services under formal regulatory oversight in Australia. The move comes as Australian financial regulators, notably the Australian Securities and Investments Commission (ASIC), intensify their scrutiny of offshore crypto platforms. ASIC has recently emphasized that many digital assets, including stablecoins and tokenized products, may already fall under the scope of the Corporations Act, requiring relevant firms to obtain licensing…