Nearly $35 million worth of various tokens were stolen from Atomic Wallet, a centralized storage and wallet service, on June 3. These tokens include bitcoin (BTC), ether (ETH), tether (USDT), dogecoin (DOGE), litecoin (LTC), BNB coin (BNB) and Polygon’s MATIC. Source
All but a couple of the 19 tokens mentioned in the suit, which accuses the exchange giants of violating securities laws, have sunk by double-digits over the past seven days with CHZ and SAND, the tokens of the Chiliz network and The Sandbox metaverse game, falling more than 28% and 27%, respectively and ADA, the native crypto of the Cardana blockchain, dropping over 21% as investors looked fretfully at an an increasingly uncertain U.S. regulatory environment in which cryptos have yet to receive a designation as security, commodity or otherwise.…
Binance operates an independent entity dubbed Binance Nigeria Limited similar to the United States entity that was also deemed illegal earlier last week. Cryptocurrency exchanges around the world have found themselves at loggerheads with several global regulators for offering digital assets without proper registrations. In the latest developments, both the Nigerian and the United States Securities and Exchange Commission (SEC) have intensified the crackdown on unregistered crypto exchanges. Reportedly, Binance Nigeria has been operating a crypto exchange without the proper regulatory approvals required for securities. This comes after the Nigerian…
While data suggests that crypto assets have been flowing out of centralized exchanges at an accelerated pace over the last week, Binance CEO Changpeng Zhao argues it may not be as bad as it appears. Leading analytics platforms such as Nansen and DeFiLlama have all measured increased exchange outflows from Binance over the past seven days after news of the SEC lawsuit against the firm hit the airwaves. According to Nansen, there has been a net outflow of $2.36 billion from Binance over the past seven days along with $123.7 million…
The U.S. Department of Justice (DOJ) is charging two Russian nationals for their alleged involvement in the infamous hack of defunct crypto exchange Mt. Gox. In a new press release, the DOJ says that it is charging two Russian citizens – 43-year-old Alexey Bilyuchenko and 29-year-old Aleksandr Verner – for allegedly conspiring to launder hundreds of thousands of Bitcoin (BTC) hacked from Mt. Gox. Furthermore, Bilyuchenko is also charged with conspiring to operate BTC-e, a crypto exchange allegedly linked to money laundering and the Mt. Gox hack, from 2011 to…
Fully 300,000 of those coins went to BTC-e, another now-defunct crypto exchange. BTC-e was shut down by the FBI in 2017, and the exchange’s alleged operator, Russian national Alexander Vinnik, was arrested in Greece and later extradited to the U.S. to face charges for “computer intrusions and hacking incidents, ransomware scams, identity theft schemes, corrupt public officials and narcotics distribution rings.” Source
Crypto.com has made the decision to discontinue its institutional exchange service for clients in the United States, with the suspension set to take effect on June 21. The Singapore-based cryptocurrency exchange attributed the move to a combination of limited demand from institutional customers and challenging market conditions. Leaving the U.S. CryptoTea, an anonymous figure known for its involvement in the cryptocurrency community, has raised an important observation regarding the Securities and Exchange Commission’s (SEC) recent actions. Specifically, the SEC has explicitly mentioned multiple tokens traded on the Crypto.com platform as…
Binance.US says that it will be halting US dollar deposits and withdrawals in response to being sued by the U.S. Securities and Exchange Commission (SEC). In a new announcement, Binance.US says it will temporarily become a crypto-only exchange platform due to the SEC’s “ideological campaign” against the US digital asset industry. “The SEC has taken to using extremely aggressive and intimidating tactics in its pursuit of an ideological campaign against the American digital asset industry. Binance.US and our business partners have not been spared in the use of these tactics,…
Crypto exchange Kraken is announcing that its new non-fungible token (NFT) marketplace is now available for the general public following months of testing the platform with a select group of users. The San Francisco-based firm rolled out the beta version of Kraken NFT in November, saying it would use user feedback during this phase to develop the platform. In a blog post published on Thursday, the exchange says the marketplace is officially ready to launch. “Since first opening Kraken NFT to beta testers, we’ve been building new features, adding more…
Crypto.com will no longer serve institutional clients in the United States after announcing the suspension of the service from June 21. The Singapore-based cryptocurrency exchange cited limited demand from institutional customers as a primary reason for the move which has been exacerbated by testing prevailing market conditions. A statement from Crypto.com noted that the platform’s institutional users were given advance notice of the decision to suspend the service. Crypto.com’s retail mobile application and platform remains fully operational in the U.S. Related: Crypto.com scores fresh regulatory approval in France American retail users…