Backpack Wallet to Launch VASP-licensed Crypto Exchange in Dubai
The Backpack crypto wallet has received an operational license from the Dubai Virtual Assets Regulatory Authority (VARA) to launch a cryptocurrency exchange. Backpack’s VARA license is restricted to crypto exchange services in Dubai and prohibits the company from offering any of its other virtual asset-related products or services. Backpack Exchange incorporates zero-knowledge (ZK) proof-of-reserves, multi-party […]
Kraken Crypto Exchange to Share 42,000 Users Data with IRS
Following a court order, Kraken, a US-based cryptocurrency exchange, will provide the Internal Revenue Service (IRS) with the personal information of 42,000 users in early November. In May 2021, the U.S. District Court for the Northern District of California issued a court order requiring Kraken to produce “a wide range of records and data” on […]
Kraken to Halt USDT, DAI, WBTC, WETH, WAXL Trading in Canada
According to multiple client emails, Kraken exchange will halt all transactions involving USDT, DAI, WBTC, WETH, and WAXL in Canada between November and December, with changes going into effect starting Nov. 30 In response to Cointelegraph’s request for comment, a Kraken spokesperson stated via email, “We constantly monitor the assets on our platform to ensure […]
Binance Stops Onboarding New UK Users Following FCA Restrictions
Binance exchange will no longer welcome users from the United Kingdom starting October 16, at 5:00 p.m. local time following the Financial Conduct Authority’s (FCA) imposed restrictions on its U.K. partner REBS. According to an October 10 announcement by Binance, the Financial Conduct Authority (FCA) of the United Kingdom imposed legally binding requirements on its […]
Vitalik Buterin’s Wallet Tranfers 400 ETH to Coinbase
A wallet associated with Ethereum co-founder Vitalik Buterin was detected transmitting 400 ETH to Coinbase, worth approximately $600,000. Blockchain sleuths have identified several Ether transactions. In September 2023, transactions from a wallet associated with Ethereum co-founder Vitalik Buterin totaled over $3.9 million. Separate blockchain monitoring profiles disclosed on September 25 the details of a 400 ETH […]