On June 20, Michael Dell, the Chief Executive Officer of Dell, the American technology company known for developing, selling, repairing, and supporting computers and related products and services, shared his thoughts on bitcoin via the social media platform X. This interaction began with a response from Michael Saylor, the founder of Microstrategy. Dell CEO Michael […] Original
A critical security flaw in cryptocurrency exchange Kraken’s platform has sparked a bitter dispute with security firm CertiK. The incident involved a $3 million theft of digital assets and accusations of extortion, media reports said. Kraken identified a critical vulnerability that allowed users to artificially inflate their account balances without completing deposits. This stemmed from a recent user interface change. An anonymous security researcher, later revealed to be affiliated with CertiK, alerted Kraken about the bug. However, instead of following ethical hacking practices, the researcher exploited the flaw with two…
The UK Financial Conduct Authority (FCA), in collaboration with the Metropolitan Police Service, conducted an operation leading to the arrest of two individuals, aged 38 and 44, suspected of running an illegal crypto asset exchange. It is believed that over £1 billion of unregistered crypto assets were traded through this business, the FCA said on […] Source
India’s Financial Intelligence Unit has fined crypto exchange Binance $2.25 million (₹18.8 crore) for non-compliance with anti-money laundering (AML) regulations. Binance’s return to India is seen as challenging, especially after the government’s tax measures significantly reduced daily trades on some major local crypto exchanges. This fine follows Binance’s global scrutiny and former CEO Changpeng Zhao […] Source
A digital asset security research firm has returned $3 million in funds to crypto exchange Kraken after an unusual saga following a bug bounty program exploit. Yesterday, Kraken chief security officer Nick Percoco said in a lengthy X thread that the exchange was alerted days ago that an “extremely critical” code exploit allowing hackers to artificially inflate their funds had been discovered. “Within minutes we discovered an isolated bug. This allowed a malicious attacker, under the right circumstances, to initiate a deposit onto our platform and receive funds in their account…
The Financial Conduct Authority (FCA) collaborated with the Metropolitan Police Service to apprehend two individuals, aged 38 and 44, suspected of managing an illicit crypto asset exchange. The operation was prompted by suspicions that the exchange facilitated transactions exceeding £1 billion in unregistered crypto assets. Suspects Released on Bail The FCA conducted inspections at premises linked to the suspects, where the police executed searches and seized multiple digital devices from two residential properties in London. Following these actions, both suspects were questioned under caution by the FCA and subsequently released…
The winds of change are blowing through the Ethereum (ETH) ecosystem. Despite tentative signs of recovery after recent dips, the price has struggled to stay afloat in the last 30 days. Additionally, a more intriguing trend has emerged: a mass exodus of ETH from cryptocurrency exchanges. This movement, marked by declining exchange supply and net outflows, has analysts buzzing with potential bullish implications. Related Reading: Bitcoin Takes Control In Market Meltdown, Dominance Climbs To 9-Week Peak Dwindling Stockpiles: Exchanges Feeling The Squeeze For years, cryptocurrency exchanges have served as the…
Monochrome Asset Management’s Monochrome bitcoin ETF (IBTC) went live on June 4 on the Cboe Australia exchange, a smaller rival of ASX. Unlike VBTC, the fund holds bitcoin directly. Since its launch, IBTC has traded an average of around 55,000 units a day on daily average cash volumes of about A$550,000. Source
The Australian Securities Exchange (ASX) marked a milestone on Thursday with the launch of the country’s first Bitcoin (BTC) exchange-traded fund (ETF) on its main stock market. The VanEck Bitcoin ETF (VBTC) debuted with approximately AUD990,000 ($660,429) in assets, signaling a growing appetite among investors for cryptocurrency-related products. Australia’s Main Stock Exchange Welcomes First Bitcoin ETF The launch comes after more than three years of discussions between fund managers and the ASX, as the exchange operator sought to ensure proper safeguards were in place. While the VanEck Bitcoin ETF will…
A Kraken executive says that a black hat entity stole $3 million from the firm after finding a bug in the exchange’s systems. In a lengthy thread on the social media platform X, Nick Percoco, Kraken’s chief security officer, says that earlier this month, Kraken received an update from their Bug Bounty program claiming there was an “extremely critical” bug that would allow hackers to artificially inflate their funds. Says Percoco, “Within minutes we discovered an isolated bug. This allowed a malicious attacker, under the right circumstances, to initiate a…