Bitcoin Reserves on Exchanges Hit 5-Year Low With $5.96B Withdrawn in 30 Days

August 11, 2024 Bitcoin.com

Bitcoin Reserves on Exchanges Hit 5-Year Low With .96B Withdrawn in 30 Days

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, […]

Bitcoin ETFs surpass gold ETFs in AUM

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 […]

Bitcoin ETFs surpass gold ETFs in AUM

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.

Bitcoin ETFs surpass gold ETFs in AUM

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 […]

Bitcoin ETFs surpass gold ETFs in AUM

Wazirx Clarifies Recovery Options, Asset Valuation, and USDT Conversion After Cyberattack

July 28, 2024 Bitcoin.com

asset recovery

Indian cryptocurrency exchange Wazirx has answered important questions from its users about the recent cyberattack. The platform explained its socialized loss strategy and the options users have to recover their assets. Additionally, users inquired about asset valuation and token conversion to USDT. Wazirx Addresses Key Questions Following Cyberattack On Saturday, Indian crypto exchange Wazirx addressed […]

Bitcoin ETFs surpass gold ETFs in AUM

HSBC Australia Blocks Payments to Crypto Exchanges

July 25, 2024 Bitcoin.com

bitcoin.com

HSBC Australia has announced that it will block all customer payments to cryptocurrency exchanges via credit or debit cards, starting from July 24, 2024. The bank cites the high-risk nature of such transactions as the primary reason for this decision. HSBC Australia claimed scammers frequently exploit cryptocurrency exchanges, making it challenging to recover stolen funds. […]

Bitcoin ETFs surpass gold ETFs in AUM

Wazirx Offers $23M Bounty to Recover Stolen Assets After Massive Security Breach

July 21, 2024 Bitcoin.com

Wazirx Offers M Bounty to Recover Stolen Assets After Massive Security Breach

bitcoin.com

Indian crypto exchange Wazirx has announced a $23 million bounty program to recover assets stolen in a cyberattack on its multisig wallet. Emphasizing community involvement, co-founder Nischal Shetty outlined the rewards for tracking, freezing, and ethically recovering the stolen funds. He insists that the attack was not due to phishing but involved multiple hardware wallets […]

Bitcoin ETFs surpass gold ETFs in AUM

Wazirx Prepares Bounty Program to Recover $230 Million Stolen in Security Breach

July 20, 2024 Bitcoin.com

Wazirx Prepares Bounty Program to Recover 0 Million Stolen in Security Breach

bitcoin.com

Wazirx co-founder Nischal Shetty has updated the public on the $230 million security breach affecting the Indian crypto exchange. The Wazirx team is preparing a bounty program, engaging with expert teams to trace the stolen funds, and collaborating with other exchanges. “This is an unprecedented attack on one of the largest crypto exchanges in India. […]

Bitcoin ETFs surpass gold ETFs in AUM

South Korea’s strict laws on crypto exchanges come into force

July 20, 2024 Coin Telegraph

Coin Telegraph

The new regulations issued by South Korea’s watchdog to protect user assets on crypto exchanges went into effect on July 19.

The much-talked-about new regulations from South Korea’s financial security regulator, designed to protect users buying and storing crypto assets with virtual asset service providers (VASPs), came into force on July 19.

Titled the “Virtual Asset User Protection Act,” VASPs must take several steps to ensure the protection of user’s crypto, according to a July 17 statement from South Korea’s Financial Services Commission (FSC).

These include taking out insurance against hacking and malicious attacks against the user’s crypto assets, keeping the customer’s crypto assets separate from the exchange’s assets, and a requirement to keep customer deposits “safely kept in banks.”

Bitcoin ETFs surpass gold ETFs in AUM

Study: Europe Leads in Global Crypto Transaction Volume; Binance Remains Most Used Exchange

July 20, 2024 Bitcoin.com

Binance

Europe stands out as the global leader, accounting for 37.32% of the total transactional value, according to a comprehensive analysis by Coinwire. Asia’s trading volumes primarily result from factors like high mobile penetration, a robust tech infrastructure, and growing institutional interest. Binance, with a trading volume of $2.77 trillion, holds the title of the “most […]

Crypto Exchanges

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