OKX Launches Local Regulated Entity in Australia
Crypto exchange OKX is moving its Australian-focused services under a locally regulated entity as part of its expansion efforts. As part of its Asian-Pacific expansion, the cryptocurrency exchange OKX transfers its Australian-centric services to a locally regulated entity. During a media engagement in Sydney on May 14, OKX president Hong Fang told reporters, “I think […]
Coinbase Suffers Major Outage on May 14
Coinbase has experienced a significant system-wide outage that has left its services inaccessible to both desktop and mobile users. Since its inception at 4:15 am UTC on May 14, the disruption has engendered extensive discontent among users endeavoring to gain entry to their accounts or perform transactions. Presently, patrons of the Coinbase website are met with an error […]
Crypto Exchange Uses Elon Musk Deepfake Videos for Fraud Scheme
Quantum AI, a fraudulent crypto exchange platform, utilized AI deepfake videos of Elon Musk to promote crypto trading services and mislead the public. Elon Musk, CEO of Tesla and proponent of Dogecoin, allegedly endorsed an illegitimate cryptocurrency exchange that Hong Kong authorities apprehended. Concerning Quantum AI, an organization purporting to provide cryptocurrency trading services utilizing […]
LocalMonero Shuts Down Due to Crypto Privacy Services Closure
Peer-to-peer trading platform of privacy coins LocalMonero has ceased operations immediately following the recent arrests and closures of crypto privacy services. Effective immediately, LocalMonero disabled all new registrations and advertisement postings for Monero transactions, the company announced on May 7. The platform will turn off trading of the privacy-focused cryptocurrency asset on May 14. The […]
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 […]