Hong Kong Authorities Investigate Hounax in Alleged Scam
The SFC and Hong Kong Police are looking into Hounax, an unlicensed cryptocurrency exchange, following 145 fraud claims. After multiple people connected to the JPEX cryptocurrency scam were taken into custody, Hounax, a different virtual asset trading site situated in Hong Kong, was shut down. Local media state that 145 victims had notified the Hong […]
DappBay’s Red Alarm Flags Over 100 Risky BNB Chain dApps
In a recent upgrade, DappBay, a web3 decentralized application (dApp) store for users on the BNB Chain, identified over 100 dapps as potentially dangerous. In July 2022, BNB Chain introduced DappBay, a platform that lets customers find new web3 applications and instantly learn about their risk profiles. The core of DappBay is its Red Alarm […]
Binance CEO Richard Teng Outlines Plan for Crypto Exchange
Richard Teng, the current CEO of Binance and former global director of regional markets, declared his intention to spearhead expansion at the cryptocurrency exchange after the departure of Changpeng “CZ” Zhao. As per an agreement with United States officials, Teng stated in a blog post on November 27 that he had the backing of CZ […]
OKX Launches Crypto Exchange, Web3 Wallet Services in Brazil
OKX cryptocurrency exchange has initiated extending its user services to include a local Web3 wallet platform and cryptocurrency exchange in Brazil. The organization announced on November 27 that it is concentrating on facilitating access to decentralized finance (DeFi) and cryptocurrency trading using real fiat-on-ramp capabilities in Brazil. The Brazilian market has “enormous potential” to lead […]
Japan’s Average Value of Undeclared Crypto Income Falls 19% in 2022
Japan’s tax authorities estimate that the average value of undisclosed cryptocurrency income fell by 19% in 2022, while the number of tax evasion cases featuring crypto assets rose by 35% in the same year. The Japanese National Tax Agency (NTA) published its annual summary of tax investigations on November 24. The thirteen-page document also includes […]