ATO Reportedly Seeks Data from 1.2M Crypto Exchange Users
The Australian Tax Office (ATO), in seeking to crack down on crypto tax obligations, collects personal information and transaction details from over 1.2 million crypto exchange users. Reuters obtained a notice from the Australian Taxation Office (ATO) last month stating that the data will assist in identifying merchants who may still need to remit their […]
Nigeria Sets to Ban P2P Crypto Trading in Naira
To implement new regulations, the Nigerian government intends to prohibit peer-to-peer (P2P) cryptocurrency exchanges that utilize the Nigerian naira (NGN), the national currency. Bloomberg reported on May 7 that “in the coming days,” Nigeria’s Securities and Exchange Commission (SEC) will unveil a new regulatory framework for cryptocurrency exchanges, custodians, and other industry firms. Agama, director […]
Revolut Launches Crypto Exchange for UK Users
Revolut launched a new dedicated crypto trading platform for UK retail users dubbed Revolut X. Revolut, a global neobank and fintech company, has made a significant foray into cryptocurrencies by covertly launching a specialized trading platform for retail clients in the United Kingdom. Targeting a particular demographic, Revolut introduced Revolut X on May 7. According […]
Kronos Research Hacker Moves Exploit to Tornado Cash
Six months after the $25 million hack on quantitative trading firm Kronos Research, one of the six wallets linked to the hacker has moved funds to Tornado Cash. The compromised wallet initially transmitted 1,314 Ether, valued at $4 million, to an address beginning with 0x8F5e4 and then transferred the entire amount to an address beginning […]
Ore Wins Solana Hackathon Despite April Network Disruption
A Surge in Ore Mining Transactions led to Solana’s April Congestion, Causing the Rejection of Up to 70% of Non-Vote Transactions. Although the proof-of-work-powered Solana-native cryptocurrency Ore significantly disrupted the blockchain last month, the team responsible for developing it was awarded the “Grand Prize” at a hackathon supported by the Solana Foundation. Ore won $50,000 […]