Regulator: FTX US spreads False Statement about FDIC-insured Products
For disseminating false or misleading information, the FDIC wrote cease and desist letters to FTX and other cryptocurrency companies. Five cryptocurrency companies, including FTX US owned by crypto billionaire Sam Bankman-Fried, as well as the news sites FDICCrypto.com, Cryptonews.com, Cryptosec.info, and SmartAsset.com received cease and desist letters from the Federal Deposit Insurance Corporation (FDIC) on […]
Coin Center Reacts To SEC Redefinition Of An ‘Exchange’ As ‘Unconstitutional’
Coin Center believes the SEC’s new proposed definition of exchange is a gross overreach, as it would encompass all modes of communication, not just trade. Coin Center, a non-profit blockchain advocacy organization, has labeled the Securities and Exchange Commission’s (SEC) proposed redefining “exchange” as an “unconstitutional overreach.” The lobbying group made the comments in a […]
Kazakhstan to Introduce Crypto Exchanges to AIFC
Kazakhstan is set to test a pilot project for the introduction and operation of crypto exchanges in Astana International Financial Centre (AIFC). The AIFC was established in 2018 with the goal of developing Kazakhstan’s non-banking financial secto r and positioning the country as a financial centre for Central Asia. There are 1,046 companies registered there, […]
Binance Becomes 64th Grammy Awards Official Crypto Exchange Partner
The Recording Academy, a large music recording company best known for its annual Grammy Awards, has partnered with Binance, the world’s largest cryptocurrency exchange by trading volume. The 64th Grammy Awards, which will take place on April 3rd, will also feature special NFTs from the OneOf marketplace, which will be distributed on Tezos. Binance is […]
Seychelles-based exchange Bilaxy has been hacked
Bilaxy exchange has been hacked, and users have been advised to stop all deposits. The hacker reportedly stole about $450 million in various cryptocurrencies. On August 29th, Bilaxy, a Seychelles-based digital asset trading platform, announced that some of its wallets had been compromised. While the amount stolen has yet to be confirmed by the exchange […]