FTX obtains naming rights to California Memorial Stadium
As part of a multi-year agreement with the University of California, Berkeley athletics department, FTX cryptocurrency exchange has obtained naming rights to the field at California Memorial Stadium. The 62,000-seat arena will be renamed FTX Field at California Memorial Stadium as part of the deal. The $17.5 million (£12.8 million/€14.9 million) 10-year deal is reported […]
Japanese crypto exchange, Liquid loses almost $100M to hackers
Liquid, a Japanese cryptocurrency exchange platform is the latest to be hit by a hack. The exchange stated that the hacker compromised its warm wallets and made off with more than US$97 million in various cryptocurrency assets. The company’s incident report states, “At around 7:50 AM SGT on August 19th, Liquid’s Operations and Technology teams […]
Ukraine shuts down cryptocurrency exchanges involved in money laundering
The Security Service of Ukraine (SBU) has taken down a network of cryptocurrency exchanges that were used to anonymize transactions and also launder money. Over 1,000 “customers” used the underground exchanges to launder money received from Yandex.Money, Qiwi, and Webmoney, among other Russian electronic payment processors . “Criminal cryptocurrency exchanges were in high demand because […]
Iranian National Tax Administration sets to legalize crypto exchanges
A new proposal by the Iranian National Tax Administration (INTA), stated that the country’s tax authorities is trying to establish a legislative framework for the proper taxation of crypto trading platforms operating in the country. INTA allegedly underlined the importance of establishing digital asset exchanges in a recommendation carried by local media two months after […]
European exchange MEXC Partners with payment merchant Alchemy Pay
MEXC a European crypto exchange has partnered with Alchemy Pay, the partnership will enable MEXC’s users to be able to deposit fiat with credit and debit cards. MEXC Global, a European cryptocurrency exchange, has teamed up with Alchemy Pay. The partnership includes the integration of Alchemy’s hybrid crypto-fiat payment gateway on MEXC . To begin […]