Estonian regulator seeks to withdraw all licenses from crypto exchange
Estonian financial officials seek to withdraw all crypto exchange licenses in order to restart the entire regulatory environment from scratch, although, About 400 crypto businesses still hold licenses presently in the country. According to local state-run news source Eesti Ekspress, Matis Mäeker, head of the Estonian Financial Intelligence Unit (FIU), the authorities should “set the […]
Paxful crypto exchange integrates Lightning Network
Paxful P2P exchange has integrated the leading Bitcoin scalability solution Lightning Network into its platform, providing a near-instant Bitcoin (BTC) payments to its 7 million customers. The new functionality allows users to send and receive BTC from their Paxful Wallet in a matter of seconds, with far cheaper fees than traditional blockchain transactions , according […]
CrossTower crypto exchange expands to India
US crypto exchange CrossTower is seeking to harness the opportunities in the growing Indian crypto market despite the uncertainty over the legal status of Bitcoin in the country. Despite the current legal ambiguity surrounding local crypto regulation, CrossTower, a cryptocurrency exchange based in the United States, is expanding its operations to India . According to […]
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 […]