In September 2024, cryptocurrency platforms faced significant security breaches, resulting in losses of over $120 million from more than 20 hacks, according to blockchain forensic firm PeckShield. The attacks targeted both centralized and decentralized platforms, with exchanges like BingX, Penpie, and Indodax among the most affected. #PeckShieldAlert September 2024 saw ...
Robinhood Crypto has introduced crypto transfers for its European customers. They can now buy, sell, and hold over 35 cryptocurrencies, including Bitcoin, Ethereum, Solana, and USDC, according to a recent press release. As part of the launch, Robinhood is offering a 1% deposit match on all crypto deposits for a ...
Japan is set to reevaluate its cryptocurrency regulations, potentially leading to reduced taxes and enabling domestic funds to invest in crypto, according to Bloomberg. Bloomberg reportedly spoke to an official from the country’s top financial regulator, the Financial Services Agency (FSA). In the coming months, the FSA will evaluate whether ...
The Ethena Labs community is set to vote on a proposal to integrate Ethereal, a decentralised exchange on the Ethena Network, into its reserve management system. The move aims to boost the "utility and demand" for USDe, Ethena Labs' synthetic stablecoin. A proposal submitted by "Fells0x" on September 30 seeks ...
Matrixport, an all-in-one crypto financial services platform, has completed the full-cash acquisition of Crypto Finance Asset Management AG (CFAM), a licensed Swiss crypto asset manager formerly owned by the Deutsche Börse Group’s Crypto Finance Group (CFG). Following the acquisition, CFAM has been rebranded as Matrixport Asset Management (MAM). The newly ...
Two major financial regulators in Hong Kong have jointly announced their intention to implement reporting requirements established by the European Securities and Markets Authority (ESMA) for crypto over-the-counter (OTC) derivatives. On September 26, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) revealed a plan to ...
Dubai's Virtual Asset Regulatory Authority (VARA) is tightening regulations for companies marketing cryptocurrency investments. According to a recent Bloomberg report, VARA outlined new rules requiring firms to include a disclaimer in their promotional materials. The crypto regulator emphasized that a disclaimer must be visible, stating that "virtual assets can lose ...
A new perspective on the downfall of Silvergate Bank, once a major player in the cryptocurrency sector, has emerged from industry executive Nic Carter. In a September 25 article for Pirate Wires, Carter, a partner at Castle Island Ventures, suggested that the bank could have survived its challenges if not ...
Kosovo, a Southeastern European country, is advancing its efforts to enhance financial literacy in cryptocurrency through a multi-day workshop involving the region's finance leaders. From September 24 to September 26, the leaders from Kosovo's Financial Intelligence Unit (FIU) will be participating in the Cyberkop Action of the Octopus Project, an ...
eToro has announced the expansion of its cryptocurrency services in Germany by introducing a new service: spot trading. Previously, the platform only offered German users the ability to trade cryptocurrency through contracts for differences (CFDs). According to its press release, though the partnership with DLT Finance is a recent development, ...
