LFG
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11 months agoZuger Kantonalbank Becomes First Swiss Bank to Offer Regulated Crypto Trading
The Zuger Kantonalbank, a Swiss bank, has announced that it is now offering its customers the ability to buy, trade, and securely store the most popular cryptocurrencies within a fully regulated banking…
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11 months agoIndian Regulator Issues Compliance Notices to 9 Major Crypto Exchanges, Seeks URL Blockage
India’s regulatory body has issued compliance notices to nine cryptocurrency exchanges, including major players like Binance, Kucoin, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex and Huobi. The watchdog i…
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11 months agoCrypto Hacking Group "Pink Drainer" Steals $4.4 Million in Chainlink LINK from Single Victim
A crypto hacking group known as “Pink Drainer” has recently been linked to a significant theft of $4.4 million worth of Chainlink LINK cryptocurrency. The victim was tricked into signing an “Increase Appro…
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11 months agoCourt Rules TerraUSD and Luna as Unregistered Securities in Landmark SEC Case
In a groundbreaking decision, U.S. District Judge Jed Rakoff ruled in favor of the Securities and Exchange Commission (SEC), confirming that Terraform Labs and its founder, Do Kwon, engaged in the offering and sale…
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11 months agoCanadian Crypto Exchange Catalyx Suspends Trading and Withdrawals Following Security Breach
Catalyx, a prominent Canadian cryptocurrency exchange, has temporarily suspended all trading activities, deposits, and withdrawals following a security breach. The company suspects the involvement of one of its…
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11 months agoRepublican Lawmakers Call for Removal of SEC Chair Gary Gensler Over Alleged Bias and Damage to Digital Asset Industry
Republican lawmakers are calling for the removal of Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), citing bias and damage to the digital asset industry. Congressman Warren Davidson,…
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11 months agoCrypto Exchange Catalyx Suspends Trading and Withdrawals After Security Breach
Canadian crypto exchange Catalyx has temporarily suspended all trading activity and withdrawals after discovering a security breach. The breach is suspected to involve one of the company’s employees, leading to t…
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11 months agoCoinbase International Increases Perpetual Futures Leverage Limit to 10x
Coinbase International, the international trading arm of Coinbase, has announced that it has set leverage limits to 10X on its perpetual futures contracts. This upgrade allows users to execute more efficient…
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11 months agoCourt Rules in Favor of SEC in Unregistered Securities Case Against Terraform Labs and Former CEO
A United States court has ruled in favor of the Securities and Exchange Commission (SEC) in a case involving Terraform Labs and its former CEO, Do Kwon. The court granted summary judgment for the SEC on Count IV of…
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11 months agoMonex Group to Acquire Majority Stake in 3iQ Digital Holdings, Expanding Crypto Asset Management Business
Japan-based brokerage firm Monex Group has announced its plans to acquire a majority stake in 3iQ Digital Holdings, a Canada-based asset manager and crypto exchange. Monex cited 3iQ’s experience in listing the f…
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11 months agoArgentina's President Proposes Tax Incentives for Crypto Regularization in Controversial Draft Bill
Argentina’s President Javier Milei has proposed a draft bill aimed at regularizing cryptocurrency holdings as part of his economic and political reform agenda. The bill, titled the ‘Law of Bases and Starting Poi…
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11 months agoIndia Issues Compliance Notices to Offshore Crypto Exchanges for Violating Money Laundering Laws
In a significant move, India’s Finance Ministry has issued compliance show-cause notices to nine major offshore cryptocurrency exchanges, including industry giants like Binance, Huobi, and Kucoin. The government a…
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11 months agoDecentralized Finance Startup Levana Protocol Suffers $1.14 Million Loss in Security Exploit
The Levana perpetual swap protocol, operating on the Osmosis blockchain, recently suffered a significant exploit, resulting in a loss of $1.14 million. Over a 13-day period, an unauthorized party managed to drain…
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11 months agoCrypto Compliance and Risk Management: Navigating the Evolving Regulatory Landscape
The growing Web3 market presents challenges in compliance and risk management for companies operating in the blockchain industry. With the complexities of decentralized finance (DeFi) and the increasing security…
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11 months agoIndia's Financial Intelligence Unit Issues Show Cause Notices to Offshore Cryptocurrency Operators for Violating Money Laundering Laws
In a move to regulate the cryptocurrency sector, India’s Financial Intelligence Unit (FIU) has issued show cause notices to nine offshore Virtual Digital Assets (VDA) service providers for allegedly violating the P…
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11 months agoCelsius Mining Company Receives Final Approval for $225M Restructuring Plan
The United States Bankruptcy Court for the Southern District of New York has granted final approval for Celsius Mining Company’s restructuring plan. The plan involves the creation of a new public company focused o…
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11 months agoExperts Predict Exciting Future for Swiss Banking Industry
Matthias Geissbühler, the investment chief at Raiffeisen, leads clients through the stock market during the week. However, on Saturdays, he takes on a different role as singer-songwriter Matt, showcasing his new…
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11 months agoGrayscale Reaches Compromise with SEC on Cash-Only Creation and Redemption
Grayscale, the digital asset management firm, has filed an amended S-3 filing with the United States Securities and Exchange Commission (SEC) following a recent leadership shuffle and the departure of Barry…
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11 months agoTrueUSD Partners with MooreHK to Revolutionize Transparency in Stablecoin Market
TrueUSD, the fourth largest stablecoin in the market, has announced a strategic initiative to improve trust in stablecoins. The initiative aims to address the controversial issue of transparency of trust reserves…
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11 months agoFormer President Donald Trump Sells $2.4 Million Worth of Ethereum, Continues NFT Ventures
Former President Donald Trump has reportedly sold off 1,075 ETH, worth an estimated $2.4 million, over the past three weeks. The sale was made from a crypto portfolio believed to belong to Trump, and the ETH was…
