Tag: Exchange

Coinsquare becomes first Canadian crypto exchange to receive IIROC registration

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All crypto exchanges must register with IIROC if they want to operate in Canada, and there is currently a backlog of applications. Coinsquare, Canada’s longest-operating crypto asset trading platform, announced on Oct. 12 that the Investment Industry Regulatory Organization of Canada (IIROC) had approved its dealer registration and IIROC membership. This regulatory status will now position Coinsquare as the first crypto-only IIROC-registered investment dealer and marketplace member in Canada. The Coinsquare team wrote: “In dealing with an IIROC registrant, Coinsquare clients now have the added comfort and security of knowing…

U.S. Securities and Exchange Commission Opening Investigation Into Bored Ape Yacht Club NFT Creators: Report

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Federal regulators are reportedly investigating the creator of the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection for potential violations of federal laws during the sale of digital assets. Citing an unnamed source familiar with the matter, Bloomberg reports that the U.S. Securities and Exchange Commission (SEC) is investigating Yuga Labs to determine if some of its NFTs are comparable to stocks, which would require compliance with disclosure rules. In a statement, the Miami-based company says it will cooperate with any investigation. “It’s well-known that policymakers and regulators have…

Cómo la manipulación de mercado llevó a un exploit de US$100 millones en el exchange DeFi de Solana Mango

En total, el perspicaz trader usó más de 10 millones de USDC para retirar más de US$116 millones desde Mango pagando comisiones mínimas y haciendo todo lo permitido dentro de los parámetros del diseño de la plataforma. Mango no fue hackeada, funcionó exactamente como debía, y un trader ingenioso, aunque con intenciones nefastas, logró arrancar la liquidez de los tokens. Source

US Treasury Charges Bittrex With Sanctions Violations, Crypto Exchange Agrees to Settle With Regulator – Regulation Bitcoin News

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On October 11, the U.S. Treasury department’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) announced that it has settled charges with the cryptocurrency exchange Bittrex. The crypto exchange was accused of sanctions violations and failure to “implement effective sanctions compliance controls” between March 2014 and December 2017. Crypto Exchange Bittrex Charged With US Sanctions Violations, Washington State Trading Platform Agrees to Settle The Washington State-based crypto asset exchange Bittrex has been charged by FinCEN and OFAC over “116,421 apparent violations of multiple sanctions programs.”…

$47,000,000,000 Asset Manager Could Spark Turnaround of Decentralized Exchange Protocol: Analyst

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A widely followed crypto analyst says the entry of a $47 billion asset manager could provide a much-needed shot in the arm for decentralized exchange (DEX) protocol SushiSwap (SUSHI). Will Clemente tells his 660,800 Twitter followers that one of the consistent use cases of crypto is enabling market participants to trade highly illiquid altcoins on decentralized exchanges. Says Clemente, “In fact, the ratio of DEX volume to centralized exchange spot volume is higher than it was this time last year mid bull run. There is clearly a consistent underlying demand…

U.S. Treasury and FinCEN Hit Crypto Exchange Bittrex With $53,000,000 in Fines for Two Offences

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Crypto exchange Bittrex is settling with the U.S. Treasury and the Financial Crimes Enforcement Network (FinCEN) to the tune of $53 million. According to a press release, the Treasury’s Office of Foreign Assets Control (OFAC) and FinCEN have charged Bittrex with violating sanctions and anti-money laundering (AML) obligations. Bittrex faces fines of $24 million from OFAC, and $29 million from FinCEN, in what is the first joint enforcement action between the two regulatory agencies. Investigations into Bittrex found violations of multiple sanctions programs, and “willful” violations of the Bank Secrecy…

FTX Founder Sam Bankman-Fried Lays Out Upcoming Upgrades for the Crypto Exchange

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FTX founder Sam Bankman-Fried says the crypto exchange is rolling out new features and improvements to its platform over the next month. In a series of tweets, Bankman-Fried lays out a series of changes that its users will see as FTX updates its matching engine. Matching engines are what trading platforms use to match buy orders and sell orders to complete transactions. “We’ll be rolling out a whole new order matcher, lower latency API pathways, and a whole slew of other features. These have been in the works for most…

Why blockchain is more efficient than a traditional database

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Daniela Barbosa, executive director of the Hyperledger Foundation, explains how enterprise-grade blockchain can be more efficient than a regular database and why central bank digital currencies should be built on open code. 0:00 Intro 0:15 What is the Hyperledger team focusing on at the moment? 1:12 How has the WEF’s attitude toward crypto changed over the last few years? 2:16 How did you get to know Bitcoin? 3:21 What is your view on CBDCs? 5:45 Why do enterprises need blockchain? 8:30 What…

Founder of Crypto Exchange Giant Huobi Sells His Shares to Hong Kong-Based Asset Manager

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Huobi founder Leon Li is selling his shares in the crypto exchange to Hong Kong-based asset manager About Capital Management. Li was a controlling shareholder in the company and sold 100% of his holdings, according to a press release from Huobi. After purchasing a majority stake in the exchange, About Capital Management formed a new advisory board for Huobi, which includes About Capital CEO Ted Cheng and Tron (TRX) founder Justin Sun. I am very honored to be appointed as a member of the Global Advisory Board of @HuobiGlobal and…