Wollito UAB

The JPEX incident has prompted the Hong Kong government to expedite the approval process for cryptocurrency products to promote compliance in the industry.

Hong Kong Government Accelerates Cryptocurrency Product Approvals Following JPEX Rugpull: OSL Compliance Exchange

According to OSL Compliance Exchange, a licensed virtual asset platform, financial technology solution providers have shown interest in the potential benefits of integrating tokenized platforms ...

9 months ago

Crypto exchange Zipmex Thailand has announced the immediate suspension of digital asset trading until early next year.

Zipmex Thailand Suspends Crypto Trading Citing Compliance With the Country’s SEC Rules

The decision was made to ensure proper compliance with the criteria set by Thailand’s Securities and Exchange Commission (SEC), the platform wrote in a Facebook post on Saturday afternoon....

9 months ago

HTX Announces Airdrop to Thank Users

HTX to Resume Limited Deposit Services Today and Launch a Site-Wide Airdrop Event

HTX (formerly known as Huobi Global) announced that deposit services for major chains will be gradually resumed on their platform, beginning today, complemented by an airdrop event as ...

9 months ago

According to Ambient Exchange founder Doug Colkitt, KyberSwap’s $46 million hack was “the most complex and carefully engineered smart contract exploit” and confirmed that what happened was an infinite money glitch.

KyberSwap Exploited in $46 Million Attack Due to ‘Infinite Money Glitch’

In a detailed thread on X dated November 23, Colkitt outlined the intricacies of the attack, shedding light on the methods employed by the attacker. Colkitt explained that th...

9 months ago

Recent reports reveal that Kyber network has suffered an exploit, with at least $47 million in losses recorded so far.

Breaking: Kyber network exploited across multiple chains for over $47 million

The Kyber Network has confirmed the attack, citing KyberSwap Elastic, and advising all users to promptly withdraw their funds. KyberSwap Elastic is an upgrade to the existing protocol ...

9 months ago

Participants will be restricted to using the CBDC only for payment, without an option to store, exchange, or send it to other users.

South Korea to invite 100,000 citizens to test CBDC in 2024

The Bank of Korea (BOK) has said it will invite 100,000 Korean citizens to purchase goods with deposit tokens as part of the central bank digital currency (CBDC) pilot. The testing will start &l...

9 months ago

Grayscale executives and lawyers met with the SEC to discuss a rule change to list the Grayscale Bitcoin Trust (GBTC).

Grayscale met with SEC to discuss spot Bitcoin ETF details

Executives from crypto asset manager Grayscale have met with the Securities and Exchange Commission to discuss details of its flagship Bitcoin BTC $36,740 trust, which the firm wa...

9 months ago

The trial of Lee Sang-jun, the CEO of the crypto exchange Bithumb’s parent company, has begun in Seoul, South Korea.

Trial of Bithumb Operator’s CEO Begins

Lee (54), the CEO of Bithumb Holdings, is being tried alongside the former pro golfer and celebrity Ahn Seong-hyeon (42) on charges of “soliciting the listings” of unnamed altcoins.

9 months ago

Coinbase CEO, Brian Armstrong says the Binance settlement is a chance for the industry to prioritize compliance and rule clarity to prevent regulators from slamming huge fines on companies.

Coinbase CEO Sees Binance Settlement as Chance for Industry Renewal

Armstrong wrote on X (Twitter) shortly after Binance’s settlement with the Department of Justice (DOJ) was announced explaining the need for rule compliance and Coinbase roadmap ...

9 months ago

Genesis and Gemini have been embroiled in a public and legal feud since the collapse of FTX.

Genesis Sues Gemini to Recover 'Preferential Transfers' Worth $689M

Crypto lender Genesis Global Capital has sued cryptocurrency exchange Gemini Trust, its former business partner, to recover more than $689 million, according to a court filing late on ...

9 months ago