Hong Kong to allow retail sector to trade larger crypto tokens
In a policy shift that contrasts with a crackdown in the US, Hong Kong revealed a plan to allow retail investors to trade digital currencies such as Bitcoin and Ether, taking a major step toward its ambition of becoming a crypto hub. Individual investors would be allowed to trade larger coins on exchanges licensed by […]
Norway seizes $5.8M in cryptocurrency stolen by North Korea
Norway has seized a record $5.8 million in cryptocurrency stolen by North Korean hackers last year, according to a statement issued by Norwegian police on Thursday. North Korean hackers stole $625 million from a blockchain project tied to the crypto-based game Axie Infinity in March 2022. The crime was one of the largest of its […]
Galois Capital halts operations after losing money in FTX exchange
Galois Capital, one of the victims of the FTX collapse, has declared bankruptcy after half of its assets became locked in the bankrupt exchange. The hedge fund eventually chose to close and deliver its remaining assets to investors. The hedge fund stated on November 12 via its official Twitter account that it has a large exposure […]
Wyoming lawmakers pass bill prohibiting forced key disclosure
Wyoming lawmakers have enacted legislation that, with one tiny exception, prohibits state courts from ordering anyone to reveal their digital asset private keys. On Feb. 15, the Wyoming House of Representatives passed the bill 41-13, a day after the Wyoming Senate passed it 31-0. If Wyoming Governor Mark Gordon signs the measure, it will go […]
Mango Markets exploiter wants “bug bounty” funds
Avraham Eisenberg, the alleged exploiter of the decentralized financial system Mango Markets, is attempting to keep his portion of the cryptocurrency obtained from his so-called “highly profitable trading strategy.” On Feb. 15, Eisenberg’s attorneys filed a motion in a New York District Court objecting to Mango’s lawsuit, which seeks $47 million in damages plus interest […]