In a recent incident, blockchain security firm CertiK uncovered a critical vulnerability in the deposit system of popular crypto exchange Kraken. This flaw allowed for the potential fabrication of deposit transactions and withdrawal of funds that were not legitimate. CertiK’s investigation began on June 5, and they found that the deposit system failed to differentiate
Exchanges
Brazil’s Special Department of Federal Revenue is taking steps to enforce compliance with local regulations by collecting information from foreign crypto exchanges. The tax department will be closely monitoring how these exchanges interact with local service providers and whether they are meeting the requirements set forth in regulations implemented in 2019. Deputy Secretary of Inspection
The aftermath of the FTX collapse has brought forth a new legal battle over millions of dollars in assets seized from Sam Bankman-Fried (SBF), the former CEO currently serving a 24-year prison sentence. Multiple parties are now seeking control of the assets seized from SBF and former FTX executives. These assets range from airplanes to
The recent announcement by the New York Attorney General’s office regarding the completion of its settlement with Gemini and the recovery of $50 million for users of the defunct Gemini Earn program is a significant development. The settlement not only aims to compensate users but also addresses the legal charges filed against Gemini by the
The financial industry is witnessing a surge in the popularity of copy trading, prompting brokers to seek out advanced solutions to meet the evolving needs of traders. In light of this trend, B2Broker has launched a cutting-edge investment platform called B2Copy, designed to revolutionize the copy trading landscape. B2Copy stands out as a 3-in-1 investment
B2BinPay, a leading blockchain platform, has recently announced an update to their system that includes TRX staking and support for additional blockchains. These new features aim to enhance user experience by offering more flexibility and efficiency. Let’s delve deeper into how these changes can benefit B2BinPay users. The introduction of TRX staking in B2BinPay v20
In the rapidly evolving world of cryptocurrency trading, maintaining compliance with regulations and ensuring the security of users’ assets is paramount. One of the leading cryptocurrency trading platforms, BloFin Exchange, has recently announced its integration with the Chainalysis blockchain data platform. This strategic collaboration is aimed at enhancing the exchange’s compliance capabilities and safeguarding the
In a bold move in the world of cryptocurrency, Robinhood has officially announced its agreement to acquire Bitstamp, a global crypto exchange, for a whopping $200 million in cash. The acquisition, which is still subject to regulatory approvals and customary closing conditions, is slated to be finalized in the first half of 2025. With Barclays
Bybit, a prominent cryptocurrency exchange, made a surprising announcement by removing China from the list of countries whose citizens are restricted from using its services. This unexpected development was confirmed by CryptoSlate on June 5, who also noted that countries like the United States, the United Kingdom, Canada, Singapore, and Hong Kong are still on
Recently, Binance announced its decision to limit the availability of “unregulated stablecoins” in the European Union by June 30. This move is in line with the upcoming Markets in Crypto-Assets Regulation (MiCA) and is expected to have significant implications for the stablecoin market in the EEA. Despite the lack of clarity on which stablecoins will
