Regulators in the United Arab Emirates approve crypto trading in Dubai free zone
In a bid to drive more adoption to the cryptocurrency industry, financial officials in the United Arab Emirates have agreed to legally legalize and encourage cryptocurrency trading in a Dubai economic free zone. The Dubai World Trade Centre Authority (DWTCA) announced on Wednesday that it had reached an agreement with the Securities and Commodities Authority […]
Industry says Basel draft rules make crypto too expensive for banks to trade
According to industry organisations, proposed rules would render “bank involvement in the cryptoasset market cost-prohibitive from a capital perspective,” according to a report to regulators. An open letter to the Basel Committee on Banking Supervision (BCBS) has been sent by nine banking industry organisations in reaction to the BCBS’s plan to impose strict capital requirements […]
SushiSwap refutes reports of a $1 billion glitch
One of the exchange’s developers has dismissed claims made by a self-described white-hat hacker regarding a major security risk to SushiSwap liquidity providers. A alleged vulnerability revealed by a white-hat hacker probing through SushiSwap’s smart contracts has been dismissed by the developer behind the popular decentralized exchange. According to media reports, the hacker claimed to […]
Bitcoin.org goes offline after a recent hack attack
After previously falling victim to a DDoS attack in July, Bitcoin.org, one of the earliest Bitcoin (BTC) websites, has once again been hacked by internet scammers and is currently unavailable. On September 23, Cobra, Bitcoin.org’s anonymous curator, announced that the site had been hacked and that hackers had managed to post a fraud warning on […]
Coinbase searches for new exec to debate with policymakers
The New York Stock Exchange, Coinbase is looking for a leader with strong political judgment to handle the exchange’s interactions with the United States government in Washington, D.C. Coinbase is searching for a new employee to help handle the exchange’s tense relationship with government officials. The cryptocurrency exchange based in the United States is looking […]