In a recent revelation, it has come to light that VIP traders on Binance, a major cryptocurrency exchange, were given advance knowledge of the exchange’s massive $4.3 billion fine. This information was reportedly shared during an exclusive dinner in Singapore, attended by key figures including Richard Teng, who was expected to succeed Binance founder Changpeng […]
In a recent revelation, it has come to light that VIP traders on Binance, a major cryptocurrency exchange, were given advance knowledge of the exchange’s massive $4.3 billion fine. This information was reportedly shared during an exclusive dinner in Singapore, attended by key figures including Richard Teng, who was expected to succeed Binance founder Changpeng […]
A recent report from the Bank for International Settlements (BIS) has highlighted the potential vulnerability of central bank digital currencies (CBDCs) to cyber threats. The report emphasizes the importance of cybersecurity as a significant risk associated with the increasing adoption of digital cash initiatives by central banks worldwide. With over 130 central banks currently involved […]
The Philippines Securities and Exchange Commission (SEC) has issued a cautionary statement regarding the use of Binance, a cryptocurrency exchange. According to the SEC, Binance does not have the necessary license to operate in the country and is not registered as a corporation in the Philippines. As a result, the public is advised against purchasing […]
The U.S. Treasury Department has imposed sanctions on the cryptocurrency mixing service Sinbad.io for its involvement in facilitating money laundering activities by North Korean state-sponsored hacking groups. Sinbad is accused of processing millions of dollars worth of cryptocurrency stolen in cyberattacks attributed to the Lazarus Group, a North Korea-linked hacking group. The Treasury Department claims […]
The Philippines Securities and Exchange Commission (SEC) has issued a warning about Binance’s operations in the country. According to the regulator, Binance is not registered as a corporation in the Philippines and does not have the necessary license or authority to operate there. While Binance is registered in other countries, it has not fulfilled the […]
The Philippines Securities and Exchange Commission (SEC) has issued a warning against cryptocurrency exchange Binance, claiming that the platform has been operating in the country without the necessary authorization or license. According to the SEC, Binance is not permitted to sell or offer securities in the Philippines. Prior to offering securities to the public, exchanges […]
Embattled Thai cryptocurrency exchange, Zipmex, has proposed a restructuring offer to its creditors. The exchange, which owes its customers $97 million, is offering 3.35 cents per dollar of initial claims, with the potential for further payouts in a recovery scenario. However, major creditors are reportedly opposed to the proposed scheme and are demanding an independent […]
Cryptocurrency exchange Binance has come under scrutiny in the Philippines for operating without the necessary approval or license from the local securities regulator. The Philippines Securities and Exchange Commission (SEC) issued a warning stating that Binance is not authorized to sell or offer securities in the country. According to the SEC, Binance must apply for […]
Japan’s SBI Holdings, a leader in asset management and blockchain technology, has formed a strategic collaboration with Circle, the company behind the USDC stablecoin. This partnership aims to promote the adoption of digital currencies, specifically the USDC stablecoin, in the Japanese market. SBI Trade is seeking approval to deal in USDC under electronic payment regulations, […]
