Bybit Is Now a Registered VASP in Argentina
The Financial Information Unit registered Bybit to operate in Argentina and will oversee the exchange’s compliance with financial laws. Crypto is adopted well in the country due to hyperinflation, making…
WazirX Restores Balances After $234M Hack, Withdrawal Timeline Unclear
Nearly a month after a massive hack led to the loss of $234 million from WazirX’s Safe Multisig wallet, the Indian crypto exchange has restored investor balances. However, the timeline…
Turkey Sees a Surge in Crypto Licenses as New Regulations Spark Industry Interest
Turkey’s new crypto legislation has sparked an influx of 47 license applications. 76 crypto exchanges, including Coinbase and KuCoin, have applied for licenses in Turkey. Turkey has witnessed an enormous…
Binance Settles with Brazil Securities Regulators for $1.7 Million
In a significant development, Binance has agreed to pay 9.6 million reais (about $1.76 million) to settle an investigation with Brazil’s Securities and Exchange Commission (CVM). This investigation focused on…
Venezuela Restricts Access to Binance and X Amid Election Unrest
Venezuela has blocked Binance and X access following disputed presidential elections, which raises internet control concerns. However, users from Venezuela have reported difficulty in accessing Binance, but the exchange has…
Australia’s securities watchdog sues ASX over alleged ‘misleading’ claims on paused blockchain project
Australia’s securities regulator, ASIC, has filed a lawsuit against the Australian Stock Exchange (ASX). ASIC has accused it of making misleading claims about a blockchain project. The lawsuit alleges that…
ETH Whale Moves Another 5,000 ETH Gained During ICO to Exchange
An ETH whale moved 5,000 ETH worth about $13 million to OKX on August 12. They had acquired these assets in 2014 during ETH’s ICO for just $0.31 a pop.…
Defunct Canadian Crypto Exchange Went Under Due to Founder Gambling Away Assets
The Canadian regulator is going after Smillie as the only defendant in this case. He misappropriated about one-third of funds entrusted by users on his platform, which amounted to at…
Gemini Has Asked CFTC to Re-Evaluate Its Proposed Banning of Event Contracts
Crypto exchange Gemini wants the Commodities and Futures Trading Commission to not proceed with its proposed rules for event contracts offered via decentralized prediction markets. The agency seeks to ban…
Binance Prepares to Convert Delisted Coins to USDC Next Month
Binance, one of the largest cryptocurrency exchanges globally, has announced a significant change that will impact holders of 15 specific tokens on its platform. By September 1, 2024, Binance will…