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Australian Regulatory Actions Against Crypto Exchange Kraken Drawing attention
September 21, 2023
The Australian Securities and Investments Commission (ASIC), the financial regulator in Australia, has alleged failure to comply with local design and distribution obligations by Bit Trade Pty Ltd, the provider …
Read moreLearn Concept: Challenges and Progress in Crypto Regulation and Exchange-Traded Funds (ETFs)
September 21, 2023
The crypto space continues to grapple with various regulatory inquiries and uncertainties, further complicated recently when amidst several allegations including operating unauthorized exchange functions and unregistered security listings in the …
Read moreOptimism to Sell $160M in Tokens to Seven Buyers for Treasury Management
September 21, 2023
The Optimism Network, a renowned Ethereum layer-2 scaling solution, has announced plans to sell 116 million OP tokens to seven private buyers as part of their treasury management strategy. Valued …
Read moreLearn Concept: Deciphering The Impact of Misinformation in Cryptocurrency Sector
September 21, 2023
Understanding the correct flow of information is essential when dealing with financial instruments, especially given their potential effect on investors' perceptions and actions. In light of this importance, this article …
Read moreMt. Gox Trustee Extends Repayment Deadline to October 2024
September 21, 2023
Rehabilitation trustee Nobuaki Kobayashi has officially delayed the repayment deadline for the defunct crypto exchange, Mt. Gox, by a year. Now, creditors can expect to be paid back by the …
Read moreBitcoin Reserves on Exchanges at Six-Year Low, Driven Partially by Binance Outflows
September 21, 2023
The amount of Bitcoin being held on cryptocurrency exchanges has reached a year-to-date low, hitting around 11.8% of the total available supply, a figure comparable to reserve levels last seen …
Read morePayPal Offers Stablecoin PYUSD on Venmo, 12 Platforms Now Support the Asset
September 21, 2023
PayPal has extended its PYUSD stablecoin to the Venmo app according to its announcement on Sept. 20. The inclusion of PYUSD on Venmo is currently available to select users, with …
Read moreDeFi Protocol Balancer Loses Nearly $250k in DNS Based Frontend Attack
September 21, 2023
Around $240,000 worth of digital assets have been swindled in a front end compromise, caused by a Domain Name Service (DNS) attack, on leading DeFi protocol Balancer. The development resulted …
Read more70% of South Korea's Reported Overseas Assets Are In Cryptocurrencies
September 20, 2023
Cryptocurrencies, specifically Bitcoin (BTC), have been found to represent the largest fraction of South Korea's reported overseas assets. According to the country’s National Tax Service (NTS), 1,432 individual entities and …
Read moreUK's Online Safety Bill Becomes Law Amid Encryption Concerns
September 20, 2023
The Online Safety Bill in U.K. has now passed its final parliamentary reading as of September 19, set to become law according to a recent official statement. This bill aims …
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