Tag: Exchange

Telegram Will Build New Decentralized Exchange and Crypto Wallet, According to Founder Pavel Durov

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The founder of messaging app Telegram is announcing the development of a new decentralized exchange (DEX) platform and crypto wallet. In a new post to his channel, Telegram founder and CEO Pavel Durov says that blockchain developers should go back to the roots of crypto and focus on decentralization as centralized entities tend to abuse their power. “The blockchain industry was built on the promise of decentralization, but ended up being concentrated in the hands of a few who began to abuse their power. As a result, a lot of…

Crypto Exchange Kraken Settles With U.S. Treasury Over Violation of Iran Sanctions

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The crypto exchange Kraken is settling with the U.S. Treasury Department over apparent violations of sanctions against Iran. The US-based crypto exchange Kraken is agreeing to pay a fine of $362,159 to settle the issue with the Treasury Department’s Office of Foreign Assets Control (OFAC), according to the federal agency. The company will also spend $100,000 to beef up its compliance controls with training and technical measures to improve sanctions screening. “Due to Kraken’s failure to timely implement appropriate geolocation tools, including an automated internet protocol (IP) address blocking system,…

Crypto Exchange Kraken Cuts Global Workforce by 30%

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Kraken, one of the longest running cryptocurrency exchanges, has shed its global workforce by 30%, firing approximately 1,100 people “in order to adapt to current market conditions.” Grab your copy of our latest Quarterly Intelligence Report for Q3 2022 before your competitors and stay up-to-date with crucial developments in the Forex and CFD industry! The action, which the United States-based crypto exchange announced on Wednesday, comes at a time when some crypto firms based in the country are undergoing bankruptcy proceedings. These include Chicago-based FTX.US, the US subsidiary of beleaguered…

Telegram CEO Durov Plans to Build Crypto Wallets, Decentralized Exchange

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The statement is the first confirmation of Telegram’s direct involvement with integrating TON blockchain into the messenger. Earlier, Durov spoke of the blockchain development as a community project Telegram was just happy to watch. The system, earlier known as Newton and Toncoin, is one of two rival projects that grew out of the initial TON concept developed by Telegram; both were developed by the community of supporters, however, only one ended up with Telegram’s official recognition. Source

FTX Hacker Sends Part of Stolen Funds to OKX Exchange

A market analyst has spotted a pattern in the fund transfers made by the FTX hacker to OKX. The crypto exchange said that it is investigating into the matter. On Tuesday, November 29, the FTX hacker who drained $450 million worth of assets from the exchange, moved some of his assets to the crypto exchange OKX in an attempt to launder money. The FTX hacker has been constantly shuffling funds from one digital asset to other. Initially, the hacker converted all the stoled stablecoins into Ether and later into Bitcoin.…

Binance Acquires Sakura Exchange BitCoin to Enter Japan Under Regulatory Compliance

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Leading crypto exchange Binance has secured regulatory compliance in Japan via the 100% acquisition of local exchange Sakura Exchange BitCoin. Binance has announced the acquisition of Japanese-registered crypto exchange service provider Sakura Exchange BitCoin (SEBC). According to the Changpeng Zhao-led crypto exchange, it now owns 100% of Sakura. In addition, with its wholly-owned ownership, Binance seeks to foray into the Japanese clime, as an entity regulated by the Japan Financial Services Agency (JFSA). By offering Japanese-regulated services through SEBC, the major crypto exchange supports a responsible global environment for digital currencies. Binance Sakura Exchange…

Binance acquires regulated crypto exchange in Japan

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Cryptocurrency exchange Binance plans to reenter the Japanese market after acquiring a 100% stake in a licensed crypto service provider in the country, Cointelegraph Japan reported. In an official public announcement on Nov. 30, Binance CEO Changpeng Zhao said the crypto exchange was committed to re-entering the Japanese market under regulatory compliance. The acquisition of Sakura Exchange BitCoin (SEBC), a Japan Financial Services Agency-licensed business, would mark the re-entry of global exchange in the Japanese market after four years. #Binance Acquires JFSA Registered Sakura Exchange BitCoin, Committed to Enter Japan…