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Cryptocurrency exchange Okx has decided to withdraw its virtual asset service provider (VASP) license application in Hong Kong. As a result, Okx will stop offering centralized virtual asset trading services to Hong Kong residents by May 31, 2024. The exchange stressed that customer funds remain secure, and withdrawal services will continue unaffected. Okx’s web3 (self-hosted … Read more
Stand with Crypto, a global crypto advocacy organization, is expanding its initiative to the United Kingdom. Originating in the U.S., where it has garnered over 700,000 sign-ups and gained momentum with the passing of FIT21 in the House of Representatives, the movement is now mobilizing UK crypto advocates. With over 6 million crypto holders, the … Read more
A Montenegro appeals court has reversed an order to extradite Do Kwon, the cryptocurrency entrepreneur behind Terraform Labs, to South Korea. Kwon is wanted for his alleged role in the company’s collapse, which caused a $40 billion loss and impacted global crypto markets. Both South Korea and the U.S. have sought his extradition on fraud … Read more
Cryptocurrency exchange Coinbase has filed a reply memorandum supporting its motion to certify an interlocutory appeal in its lawsuit against the U.S. Securities and Exchange Commission (SEC), which alleges that certain digital asset transactions conducted by Coinbase constitute the sale of unregistered securities. Coinbase’s chief legal officer, Paul Grewal, explained that the crypto exchange’s position … Read more
Gate.HK, the Hong Kong arm of cryptocurrency exchange Gate.io, is undergoing a significant platform overhaul to enhance security and compliance, withdrawing its applications for licensing under Hong Kong’s Securities and Futures Ordinance (SFO) and the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). Effective immediately, new user registrations and asset deposits are suspended. All tokens will … Read more
Kabosu, the Shiba Inu dog from Japan, known worldwide as the face of the “Doge” meme and Dogecoin, has passed away. Adopted by Atsuko Sato in 2008, Kabosu’s image became a viral sensation in 2013 when a photo of her was used in the creation of the “Doge” meme. This meme, characterized by phrases in … Read more
Former Heartland Tri-State Bank CEO Shan Hanes pleaded guilty on Thursday to embezzling $47.1 million for personal cryptocurrency purchases, leading to the bank’s collapse. From May to July 2023, Hanes executed at least 10 wire transfers from the Elkhart-based bank to cryptocurrency accounts. The bank’s failure resulted in a total loss of equity for investors. … Read more
ESET Research has disclosed that the Ebury botnet, a formidable malware campaign targeting servers, is still active and expanding. Initially recognized for its capability as a server-side backdoor, Ebury has compromised roughly 400,000 Linux, FreeBSD, and OpenBSD servers, with over 100,000 still affected as of late 2023. The operators of Ebury have diversified their illegal … Read more
Brian Kelly, founder and CEO of BKCM, a digital currency investment firm, stated that while he is still unsure about the imminent approval of a spot ether EFT, he trusts that it will be approved “at some point in time.” In an interview on CNBC, Kelly specified that solana (SOL) might be the next asset … Read more
Ben Zhou, co-founder and CEO of Bybit, has dismissed rumors circulating on social media that the cryptocurrency exchange has been hacked or is insolvent. Zhou stated that these rumors are not supported by facts, and users should be cognizant of this. To substantiate his dismissal of the rumors, Zhou directed social media users to the … Read more
