Fireblocks, a multi-party computation (MPC) wallet provider, has introduced a new trading system called “Off Exchange” for institutional traders. This system allows traders to swap tokens without depositing them on the exchange, reducing counterparty risk. The Off Exchange system works by using a shared MPC wallet with a private key consisting of three shards. The […]
In an effort to strengthen control and oversight in the world of cryptocurrency taxation, Spain has implemented new regulations requiring residents to declare their crypto assets held on non-Spanish platforms. The country’s tax agency has introduced a dedicated declaration form, known as Form 721, which individuals and businesses must use to report their holdings for […]
High-level executives are often characterized by their strong self-confidence, which can sometimes cross the line into megalomania. This phenomenon, known as imposture, can have both positive and negative effects on companies. While self-assured leaders are able to effectively convince stakeholders of their company’s strategy and inspire employees, their overconfidence can also lead to harmful decisions […]
Hong Kong authorities have reported that 145 users fell victim to a scam by the unlicensed cryptocurrency exchange Hounax, resulting in a loss of $18.9 million. The exchange claimed to be licensed and cooperated with legal financial institutions, but was listed as a suspicious platform by the Hong Kong Securities Regulatory Commission. Hounax allegedly used […]
Hong Kong authorities have reported that 145 users fell victim to a scam by the unlicensed cryptocurrency exchange Hounax, resulting in a loss of $18.9 million. The exchange claimed to be licensed and cooperated with legal financial institutions, but was listed as a suspicious platform by the Hong Kong Securities Regulatory Commission. Hounax allegedly used […]
Changpeng Zhao, the founder and former CEO of Binance, the world’s largest cryptocurrency exchange, has been ordered by a US federal judge to remain in the United States until his sentencing in February. The judge ruled in favor of the prosecution, who argued that there was a risk Zhao would flee if allowed to return […]
Mercedes-Benz Formula One team and Major League Baseball are facing class-action lawsuits filed by FTX users, accusing them of aiding and abetting FTX’s alleged fraud and promoting unregistered securities. The lawsuits claim that the promotional deals between FTX and these organizations, which included displaying FTX’s logo on cars, uniforms, and umpire uniforms, created a sense […]
The United States Securities and Exchange Commission (SEC) is continuing its investigation into Binance.US, looking for evidence that the exchange had a backdoor to potentially control customer assets. This comes after the SEC filed a lawsuit against Binance and Binance.US in June, accusing them of selling unregistered securities and participating in fraudulent activities. One of […]
Binance, one of the largest cryptocurrency exchanges, has announced its decision to delist the native token of Tornado Cash, called TORN. This move comes as the value of TORN has plummeted significantly. The delisting is scheduled to begin on December 7th, with trading being halted and deposits no longer being credited. Withdrawals will be disabled […]
Tron has emerged as the platform of choice for terrorist organizations involved in crypto transfers, according to a recent report by Reuters. The counter-terror financing bureau in Israel has frozen 143 Tron wallets believed to be linked to groups like Hamas and Hezbollah. This marks a significant shift from Bitcoin, which was previously favored by […]
