Nigerian Agency Gets Nod to Freeze $330,000 in Crypto Users’ Bank Accounts

September 12, 2024 Bitcoin.com

Nigerian Agency Gets Nod to Freeze 0,000 in Crypto Users’ Bank Accounts

A Nigerian anti-corruption agency froze bank accounts (over $330,000) belonging to suspected cryptocurrency users on global platforms like Kucoin and Bybit. The agency believes these users manipulated the Nigerian currency (naira) through their trading activity. The exchanges are also accused of failing to adhere to anti-money laundering and terrorist financing regulations. Bank Account Holders Accused […]

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Indonesian Crypto Exchange Hit by $20.5M Hack, Lazarus Group Suspected

September 11, 2024 Bitcoin.com

Indonesian Crypto Exchange Hit by .5M Hack, Lazarus Group Suspected

bitcoin.com

Web3 security firm Cyvers detected suspicious transactions on Indonesian exchange Indodax’s wallets on September 11th. The attack involved over 150 transactions and digital assets worth an estimated $20.58 million are believed to have been stolen. Some experts suspect the North Korean hacking group Lazarus Group may be responsible due to attack characteristics. Indodax Hack Shows […]

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Liminal Says Grant Thornton Confirms Its Security Amid Wazirx Breach Concerns

September 10, 2024 Bitcoin.com

audit

Grant Thornton’s review of Liminal’s infrastructure revealed no signs of any security breach within its frontend or backend systems, according to Liminal. Following a breach at Wazirx that resulted in the theft of over $230 million, internal and third-party investigations at Liminal identified a data discrepancy, though no security vulnerability was uncovered. The company emphasized […]

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Russia Set to Launch Crypto Payment Trials Next Week, Report

August 27, 2024 Bitcoin.com

bitcoin.com

Russia is reportedly set to start trials for cryptocurrency exchanges and digital token payments on Sept. 1 to mitigate payment difficulties caused by international sanctions. These trials will involve the National Payment Card System and could lead to the establishment of crypto trading platforms if successful. Legislation was recently passed to legalize crypto mining and […]

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Wyoming Aims to Launch ‘Dollar-Dependent’ Stablecoin in Q1 2025

August 26, 2024 Bitcoin.com

bitcoin.com

Wyoming plans to launch a dollar-based stablecoin, the Wyoming Stable Token, in Q1 2025. The digital asset aims to provide faster and cheaper transactions for individuals and businesses in the state. Governor Mark Gordon emphasizes the importance of adopting this “dollar-dependent” stablecoin to stabilize the market and bring debt onshore. A Faster and Cheaper Way […]

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Crypto Exchange Gate.io Secures Sponsorship Deal With Italian Soccer Giant Inter Milan

August 24, 2024 Bitcoin.com

bitcoin.com

Crypto exchange Gate.io has secured a sleeve sponsorship deal with Inter Milan, the reigning Italian champions. Gate.io’s logo will be displayed on both men’s and women’s team jerseys. Both parties see this collaboration as a chance to connect with their respective communities and explore opportunities at the intersection of football and cryptocurrency. Sleeve Sponsorship Enhances […]

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Bitcoin Reserves on Exchanges Hit 5-Year Low With $5.96B Withdrawn in 30 Days

August 11, 2024 Bitcoin.com

bitcoin reserves

According to data from cryptoquant.com, bitcoin reserves on centralized exchanges have plummeted to a level not seen since Nov. 19, 2018. The amount of bitcoin held by these digital trading platforms has been steadily declining since early June 2022. Bitcoin Exchange Reserves Dip to 2018 Levels Over the past month, starting from July 11, 2024, […]

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Nigerian Files Lawsuit to Overturn Crypto Ban, Seeks BTC Commodity Status

August 11, 2024 Bitcoin.com

Africa

A Nigerian bitcoin proponent has launched a lawsuit challenging government restrictions on owning, using, and trading digital assets. The proponent said the lawsuit seeks to remove the blockade on cryptocurrency exchanges, ensuring all Nigerians have unrestricted access. Crypto Restrictions Deny Residents Access to Inflation Hedging Tools Nigerian cryptocurrency advocate James Utudor filed a landmark lawsuit […]

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Canadian crypto exchanges face deadline for CIRO membership

August 6, 2024 Coin Telegraph

Canada

Crypto traders have been on interim rules since March 2021, and it’s time to finalize membership in the securities industry's self-regulatory organization.

Crypto trading platforms (CTPs) in Canada are running out of time to get their paperwork in to become full-fledged investment dealers and members of the Canadian securities industry’s self-regulatory organization, the Canadian Investment Regulatory Organization (CIRO) and Canadian Securities Administrators (CSA) reminded their crypto colleagues in a news release.

CTPs facilitate trading of crypto asset securities, derivatives, instruments or contracts. Under a staff notice released in March 2021, CTPs were allowed an interim period during which they could operate as restricted dealers while they worked on obtaining mandatory CIRO membership. Now the time is coming for CTPs to join CIRO finally and conform to its rules, the regulators say:

New CTPs will not be given an interim period before CIRO membership, they added. In addition to obtaining CIRO membership, CTPs are required to register in individual jurisdictions. There are currently 15 CTPs.

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Wazirx Announces FIR Filing Following Major Cyberattack

August 6, 2024 Bitcoin.com

bitcoin.com

Indian crypto exchange Wazirx has updated users about the recent cyberattack, confirming the filing of a First Information Report (FIR) to address the hack. Cofounder Nischal Shetty emphasized that a police complaint was made the day after the attack. The FIR, filed nearly 20 days later, is part of an ongoing investigation by the Delhi […]

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