11 - 2023 | MachinaTrader.com

European Commission Official Advocates for Strong Crypto Regulation Following FTX Collapse and Binance Settlement

The collapse of FTX and Binance’s recent $4.3 billion settlement with U.S. authorities have highlighted the need for robust regulation in the cryptocurrency market, according to Ivan Keller, a policy officer for the European Commission. Speaking at the MoneyLIVE conference in Amsterdam, Keller emphasized the importance of the European Union’s markets in crypto-assets (MiCA) legislation […]

Grayscale and BlackRock Engage in Critical Discussions with SEC on Bitcoin ETF Approval

Grayscale and BlackRock, two major financial players, are engaged in discussions with the SEC regarding the approval of a Bitcoin ETF. These discussions focus on the choice between the in-kind and cash redemption models for the proposed ETF. BlackRock prefers the in-kind model, which offers a smoother operational framework. Grayscale’s ongoing discussions with the SEC […]

KyberSwap, a Decentralized Exchange, Loses $50 Million in Hack Attack

KyberSwap, a decentralized exchange (DEX) in the world of decentralized finance (DeFi), has fallen victim to hackers. The DEX was exploited across multiple chains, resulting in a loss of approximately $50 million. This incident comes as a surprise, as KyberSwap had managed to avoid previous attacks while other protocols were targeted. The hack was first […]

Bitget Launches Arabic Language Support for MENA Users, Expanding Access to Cryptocurrency Trading

Bitget, the world’s leading cryptocurrency exchange and Web3 company, has launched Arabic language support for its mobile application and website. This move aims to provide broader access to Arabic-speaking audiences in the Middle East and North Africa (MENA) region. Bitget’s support for Fiat gateways in the Middle East, including seven currencies such as Dinars, Riyals, […]

Kraken Co-Founder Welcomes Binance Investigation, Calls for Industry Self-Policing

Kraken co-founder Jesse Powell has expressed his support for the investigation into Binance and its former CEO Changpeng Zhao (CZ) by US government agencies. Powell believes that targeting offshore offenders like Binance is crucial, as US-based crypto businesses are easier targets. He emphasizes the need for self-policing within the industry to improve its reputation and […]

KyberSwap Elastic Loses $46 Million in DeFi Hack

In a recent incident in the world of decentralized finance (DeFi), KyberSwap Elastic, a decentralized exchange (DEX) under Kyber Network, fell victim to a security breach, resulting in the loss of approximately $46 million in various cryptocurrencies. The Kyber Network team acted swiftly, notifying users through a Twitter post and advising them to withdraw their […]

Former Binance CEO Faces Flight Risk Concerns as U.S. Prosecutors Seek to Prevent Departure

United States government prosecutors are seeking to prevent former Binance CEO Changpeng Zhao, also known as CZ, from leaving the country due to concerns about his potential flight risk. They have requested a review and reversal of a judge’s decision that would allow Zhao to return to his home in the United Arab Emirates (UAE) […]

Binance’s $4.3 Billion Settlement Paves the Way for Spot Bitcoin ETF Approvals

Binance, one of the largest cryptocurrency exchanges, has reached a $4.3 billion settlement with the United States. This settlement is seen as a significant step towards the approval of spot Bitcoin exchange-traded funds (ETFs) by the country’s securities regulator. As part of the settlement, Binance has agreed to comply with Anti-Money Laundering and sanctions rules […]

Decentralized Exchange KyberSwap Loses $46 Million in Latest DeFi Hack

Around $46 million worth of crypto assets has been stolen from the decentralized KyberSwap exchange in a recent exploit. The Kyber Network team alerted users to a security incident and advised them to withdraw their funds as a precaution. The attack impacted various wallets and involved multiple chains, including Arbitrum, Optimism, Ethereum, Polygon, and Base. […]

BBVA Switzerland Teams Up with Ripple-Owned Metaco for Digital Asset Operations

BBVA Switzerland, a subsidiary of BBVA, has announced a strategic partnership with Ripple-owned Metaco to develop its digital asset operations. This collaboration is part of a growing trend among financial institutions to embrace digital asset solutions. BBVA Switzerland will utilize Metaco’s services through a Software-as-a-Service (SaaS) model, with the partnership further strengthened by Metaco’s alliance […]