Sat, November 23

WazirX Laptops Were Not Compromised in $230M Hack, Confirmed

On August 19, WazirX announced that its systems and laptops were “not compromised” in the $230 million cyberattack fallout on July 18. The announcement follows a forensic investigation conducted by Mandiant Solutions, a Google subsidiary, which confirmed the integrity of the exchange’s equipment. According to the WazirX blog post, Mandiant

August 19, 2024 1 min read

Indian Man Kidnaps Two BitConnect Employees to Retrieve Losses

Cryptocurrency scams persistent over the past decade, often resurface from previous years for several reasons. For instance, the recent Mt.Gox payment of funds caused a stir in the market. The recent sentencing of Sam Bankman-Fried for the FTX collapse is a similar example.  In the last week, a particular investor

August 19, 2024 2 mins read

WazirX Restores Investor Balances After $234 Million Hack

The Indian cryptocurrency exchange WazirX has restored investor balances, almost one month after a huge hack shook the company and stole $234 million from users’ Safe Multisig wallets. Despite these developments, many customers are worried and angry since they do not know when they will be able to withdraw their

August 17, 2024 2 mins read

Crypto Exchanges Eye License in Turkey Amid Regulatory Changes

A number of prominent cryptocurrency exchanges, including KuCoin and Coinbase, have recently filed for crypto licenses in Turkey. Since August 9, when 47 exchanges, including Binance and OKX, among others, filed for the license, 29 more crypto exchanges have applied, according to the most recent update from Turkey’s Capital Markets

August 17, 2024 1 min read

Ghana Proposes New Stringent Regulations for Crypto Exchanges

The Bank of Ghana has taken a significant step towards regulating the cryptocurrency sector. They released a set of draft rules aimed at crypto exchanges operating within the country. These proposed regulations are designed to bring more transparency and security to the rapidly growing digital asset market in Ghana. Additionally,

August 16, 2024 2 mins read

Bybit Acquires VASP License to Operate in Argentina

Bybit, a major player in the cryptocurrency arena, has officially set up operations in Argentina with its newly acquired Virtual Asset Service Provider (VASP) license. This move signifies Bybit’s compliance with Argentina’s anti-money laundering (AML) and counter-terrorism financing (CFT) regulations and highlights the nation’s forward-thinking stance on cryptocurrency regulation. In

August 16, 2024 2 mins read

Binance Resumes Operations in India with New Compliance Measures

Binance, one of the world’s largest cryptocurrency exchanges, is back on the Google Play Store and Apple App Store in India after a seven-month ban imposed by local authorities for operating “illegally” in the country. This comes after the exchange fulfilled its compliance requirements by registering with India’s Financial Intelligence

August 15, 2024 2 mins read

Crypto Exchange Binance Settles $1.75M Penalty with Brazilian SEC

The long-running regulatory dispute between Binance and the Brazilian SEC has finally been settled, and the exchange is now making excellent progress throughout Latin America. The exchange has lately been making amends with authorities in many nations, adding to its reputation for having a wide reach in the sector. The

August 15, 2024 2 mins read

Binance Launches ‘Super Earn’ to Boost User Rewards and Project Exposure

The world’s biggest cryptocurrency exchange by trading volume, Binance, a global blockchain firm, has announced the debut of Binance Super Earn, a fresh initiative that allows users to earn a Special Annual Percentage Rate (APR) on certain newly listed tokens. Super Earn is intended to encourage the expansion and exposure

August 14, 2024 2 mins read

Coinbase Returns to Hawaii as New Regulations Ignite Crypto Growth

Coinbase has re-entered the Hawaiian market after a seven-year interval. This move follows Hawaii’s relaxation of money transmitter licenses and cash reserves rules enabling residents to buy, sell, and manage digital assets. In 2017, Hawaii’s DFI imposed requirements that forced Coinbase to cease operations in the region. The key regulatory

August 14, 2024 2 mins read