South Korean National Tax Service agency launches an investigation on Bithumb, according to local reports. The South Korea-based cryptocurrency exchange Bithumb is under a “special tax investigation” by the country’s National Tax Service (NTS), according to local reports. On Jan. 10 tax agents raided the exchange’s headquarters in the country’s capital city Seoul as a…
Read more
Crypto acquisitions in 2023 will further strengthen the industry in the aftermath of casualties like the FTX collapse, a Ripple exec predicted. The cryptocurrency industry will see increased consolidation in 2023 as healthier companies acquire more crypto and blockchain companies, according to a senior executive at Ripple. Sendi Young, Ripple’s managing director for Europe, took…
Read more
The cryptocurrency exchange confirmed its 3-month policy to prohibit insider trading by employees and their relevant family members. Crypto exchange Binance has been a major talking point since the downfall of FTX, both inside and outside of the crypto industry. The company and its founder, Changpeng “CZ” Zhao, have been under a microscope in an attempt…
Read more
Lead on-chain analyst at Glassnode, James Check, explains why taking self-custody of your private keys has become more important than ever and how to do it in a few simple steps. There is no excuse for not putting a few hours of research into how to properly custody your crypto, according to lead on-chain analyst…
Read more
Cryptocurrency exchange Binance has become a member of an organization providing training for sanctions compliance. With the move, part of efforts to improve its capabilities in this field, the largest trading platform for digital assets joins a club of multinational corporations and financial institutions. Crypto Exchange Binance Seeks Additional Sanctions Training for Its Compliance Team…
Read more
Hong Kong is doing its best to provide an appropriate amount of supervision to the crypto market in order to release the potential of technologies like Web3. The government of Hong Kong remains committed to the development of cryptocurrency infrastructure despite the ongoing industry crisis triggered by the FTX collapse. According to Hong Kong’s financial…
Read more
Many blamed the deaths on billionaires’ past, while others suspected some form of foul play and even execution. The death of four crypto billionaires within a month has caught the crypto community’s attention. These deaths occurred under suspicious circumstances, and more importantly, some of these billionaires have raised alarms about being in danger. 4 crypto…
Read more
The “Godfather” malware is also known to target 110 cryptocurrency exchange platforms and 94 cryptocurrency wallet apps. Financial authorities in Germany are raising the alarm amid the rapid spread of a new financial malware affecting banking and cryptocurrency applications. Germany’s Federal Financial Supervisory Authority (BaFin) released an official statement on Jan. 9, warning consumers of…
Read more
Authorities in Vietnam have caught and sentenced a hacker who stole money and data from a local cryptocurrency exchange. The man, who was arrested and charged for extorting the trading platform’s owner, has been ordered to return the money he misappropriated.
Vietnamese Court Jails Hacker for Attacking Crypto Exchange Website
A resident of Ho…
Read more
The Mexican central bank digital currency (CBDC), the digital peso, is unlikely to be ready by 2024, as was announced back in 2021 by the Mexican government. In a statement, representatives from Banxico, the central bank of Mexico, stated the development of the currency was still in its initial stages, and there is still no…
Read more
