M2, a UAE-based multi-chain cryptocurrency exchange, has restored all user funds following a recent security breach that saw around $13.7 million siphoned from its hot wallets. In a recent security update, the crypto exchange confirmed it had fully resolved...
Japan's regulators are adopting a conservative approach toward spot cryptocurrency exchange-traded funds (ETFs), in contrast to the more open policies seen in the U.S. and Hong Kong, according to Oki Shiozawa, investment director at Sumitomo Mitsui Trust Asset Management....
Kraken has made another strategic move to bolster its presence in Europe with its acquisition of Coin Meester (BCM), one of the Netherlands' oldest registered crypto brokerage firms. This acquisition allows Kraken to strengthen its foothold in the Dutch...
Ireland is working closely with the European Union’s regulatory agencies and authorities to align the country’s stance with the Markets in Crypto-Assets (MiCA) regulation, according to Central Bank Deputy Governor Derville Rowland. Rowland revealed this during her speech at...
The Swedish Police Authority, along with the Financial Intelligence Unit (FIU), has labelled cryptocurrency exchanges as "professional money launderers (PMLs)" following an investigation into services offered by unregulated and illegal operators. The FIU claimed these crypto exchanges are tied...
The Telegram Open Network (TON) blockchain is back online after a six-hour outage at around 10:11 pm UTC on Tuesday, caused by a surge in network traffic, which led to a halt in block production. The TON Foundation has...
Australia’s financial markets watchdog has warned of evolving tactics used by fraudsters leveraging artificial intelligence to deceive and steal cryptocurrencies from unsuspecting victims. In a statement released on August 19, the Australian Securities and Investments Commission (ASIC) disclosed that...
The Attorney General of Iowa, Brenna Bird, has filed an amicus brief asserting that the United States Securities and Exchange Commission (SEC) exceeds its regulatory authority over the cryptocurrency sector. This brief, supported by attorneys general from Arkansas, Indiana,...
Local authorities in Hong Kong have arrested three individuals suspected of defrauding a businessman of HK$3.11 million (approximately US$399,000) worth of cryptocurrencies. According to local reports, the scammers lured the victim by promising to exchange his cryptocurrency holdings for...
Dapper Labs has agreed to a $4 million settlement to end a class-action lawsuit, which, according to CEO Roham Gharegozlou, confirms that NBA Top Shot nonfungible tokens (NFTs) are not securities. The settlement, filed on June 3 in the...
