Tag: Issues

Team Behind Memecoin Pepe Issues Statement Regarding Massive Transfer of Coins to Crypto Exchanges

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The team behind Pepe (PEPE), the memecoin that’s taken crypto markets by storm this year, has issued a statement regarding a large transfer of coins that caught its community’s attention. A Pepe community leader posted to social media platform X to announce that some of the project’s personnel turned into “bad actors” who were in conflict with the remaining team members. According to the statement, all founding members except one anonymous entity have sold their stake and abandoned the project, which led to the heavy price correction last week when…

Binance refutes euro issues, confirms additional KYC

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance spokesperson told crypto.news confirmed that SEPA-based euro payments will continue to be processed until Sept. 25 but with a catch. In an Aug. 22 statement, a Binance spokesperson told crypto.news that the SEPA deposit and withdrawal service will continue until 25 September. Still, additional checks are likely for users who intend to use SEPA transfers to interact with their accounts in the exchange: “As we approach that date, some users may occasionally be asked for…

Binance limits withdrawals in Europe, cites payment processor issues

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Binance cryptocurrency exchange customers are allegedly facing troubles with fiat withdrawals in Europe due to issues related to the Single Euro Payments Area (SEPA) transfers. The exchange has allegedly suspended euro withdrawals and deposits via SEPA, Binance’s customer support wrote in a now-deleted message on X (formerly Twitter) on Aug. 20. In the now-deleted message, the cryptocurrency exchange said it doesn’t have a specific time frame for restoring SEPA transfers, adding that its payment provider “can no longer support these transactions.” “We understand the inconvenience this has caused, and we’re actively…

Shibarium executive issues strong warning against exploitation risks

LucieSHIB, Shiba Inu’s marketing specialist, has cautioned the public against potential exploitation risks on Shibarium, the just-released Ethereum Layer-2 scaling protocol. According to a post by the executive on X, the former Twitter social media app, Shibarium is accessible for development by anyone – similar to other blockchains like Polygon (MATIC) and Ethereum (ETH). However, this openness also renders it vulnerable to potential attacks. Malicious entities could exploit the platform to target decentralized applications (DApps) constructed on the L2 network or deploy fraudulent rug pull tokens. Users should exercise caution and…

Hong Kong securities regulator issues in-principle approval to HKVAX

Hong Kong’s Securities and Futures Commission (SFC) has issued an in-principle approval to Hong Kong Virtual Asset Exchange (HKVAX) to operate a virtual asset trading platform under the region’s securities laws.  On Aug. 11, HKVAX announced that it had received an “approval-in-principle” from the SFC to carry out Type 1 and Type 7 regulated activities. The announcement highlighted that a Type 1 license allows the platform to operate a digital asset trading platform that deals with securities, while a Type 7 officially allows the company to provide automated trading services…

ICO warns of email data breach risk as it issues two reprimands

The Information Commissioner’s Office (ICO) has reprimanded two Northern Irish organisations for disclosing people’s information inappropriately via email. Both the Patient and Client Council (PCC) and the Executive Office disclosed recipient details by using inappropriate group email options. They should have found an appropriate alternative such as mail merge. The PCC had sent an email to 15 people across Northern Ireland, each of whom had lived experience of gender dysphoria, using the carbon copy (cc) option. Although the body of the email did not contain personal information, the people who…

Worldcoin releases audit reports showing resolved security issues

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Proof of humanity protocol Worldcoin released its audit reports on July 28 as criticism of its data collection practices continues to mount. The new reports were conducted by security consulting firms Nethermind and Least Authority.  According to an accompanying announcement from Worldcoin, Nethermind found 26 security issues with the protocol, of which 24 were “identified as fixed” during the verification phase while one was mitigated and another was acknowledged. Least Authority discovered three issues and made six suggestions, all of which “have been resolved or have planned resolutions,” the announcement stated.…

Meta Platforms fined $14 million for Onavo privacy issues: Report

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An Australian court has reportedly ordered Meta Platforms, the owner of Facebook, to pay fines amounting to 20 million Australian dollars ($14 million) for collecting user data through a smartphone application, Onavo.  According to a Reuters report, the Federal Court of Australia has directed Meta, along with its subsidiaries Facebook Israel and the discontinued app, to reimburse $270,356 (A$400,000) in legal costs to the Australian Competition and Consumer Commission (ACCC). The ACCC initiated the civil lawsuit against Meta, alleging that Onavo was promoted as a privacy protection tool, but failed…

Binance lists new zero trading fee stablecoin, halts shortly after on technical issues

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The recently introduced stablecoin, FDUSD, which was scheduled to be listed on Binance on July 26, 2023, at 08:00 (UTC), enabling trading for FDUSD/BUSD and FDUSD/USDT spot and margin trading pairs has now been postponed to restart at 2023-07-26 14:00 (UTC) due to FDUSD pairs’ liquidity providers experiencing technical issues. Binance released a statement that it will halt trading for First Digital USD (FDUSD) on 2023-07-26 09:45 (UTC) and cancel all pending FDUSD orders, to ensure its users’ protection. First Digital Group announced the launch of the First Digital USD…