Tag: Exchange

Cross-Chain Bridge deBridge Rolls Out Exchange That Doesn’t Need Liquidity Pools

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Exchange Floats New Product for Mining BTC

Binance also disclosed that the BTC mining subscription service will only be active for 180 days or thereabout. The weight of regulatory pressure from the US Securities and Exchange Commission (SEC) appears to have little or no effect on the activities of crypto exchange Binance. This follows after the exchange recently announced the Binance cloud mining product and services. According to the announcement, the service goes live on Thursday, June 15th, and access to it will be subscription-based. That is, from Thursday, Binance users who would love to mine Bitcoin…

MetaMask Developer ConsenSys Challenges SEC’s Proposed ‘Exchange’ Definition, Citing Blockchain Misunderstandings

Blockchain tech company ConsenSys, represented by lawyer Bill Hughes, has formally objected to the Securities and Exchange Commission’s (SEC) Notice of Proposed Rulemaking (NPRM) concerning the redefinition of a securities “exchange”. Hughes voiced these objections in a series of tweets today. ConsenSys contends that the amendments proposed by the SEC would be unlawful if finalized in their current form, as they are intended to apply to blockchain protocols. They allege that the reopening release fails to rectify key legal deficiencies in the proposed amendments, misinterprets the term “exchange” as per…

North Korean Hackers Launder Stolen Crypto Funds Through Sanctioned Exchange

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Blockchain security firm Elliptic has revealed that the attackers responsible for the recent $35 million exploit of crypto wallet Atomic Wallet are moving the stolen funds through the Office of Foreign Assets Control (OFAC)-sanctioned exchange Garantex. Elliptic investigators strongly believe that the notorious North Korean hacking group, Lazarus, was behind the hack, as previously reported. Garantex, which was sanctioned by the OFAC last year due to lax anti-money laundering measures and its facilitation of illicit activities, has become the channel for transferring the pilfered funds, according to Elliptic. While several…

Binance CEO Refutes Claims of Exchange Selling Bitcoin to Stabilize BNB Price

Several market analysts, including Dylan LeClair and Cory Klippsten, CEO of Swan Bitcoin, have voiced concerns about Binance’s alleged activities in manipulating the market. Following the recent United States Securities and Exchange Commission (SEC) lawsuit against Binance Holdings Limited and Binance.US, the American arm of the largest global crypto exchange, on June 5, the company’s US market share has dwindled significantly to around 78% as market makers and traders flew the exchange due to the regulatory pressure in the country. Amid these challenges, Binance CEO Changpeng Zhao (CZ) has refuted…