According to Bitstamp USA CEO, the company’s expansion goals are “primarily a timing issue” that led to Bitstamp’s decision to end operations in Canada. According to Bobby Zagotta, CEO and worldwide chief commercial officer of Bitstamp USA, the cryptocurrency exchange plans to reopen in Canada after ceasing operations early in 2019. According to a statement

The liquidator of the insolvent hedge fund Three Arrows Capital (3AC), Teneo, and Taiwan-based liquidity provider WOO Network have reached an agreement for the repurchase of shares and tokens that WOO Network sold in 2021. A press release stated that WOO consented to repurchase 20 million WOO tokens, which are currently valued at approximately $3.4

Following American sanctions, Tornado Cash’s overall usage fell by 90%, according to a report released on Wednesday by blockchain analytics company TRM Labs.In August 2022, the Office of Foreign Asset Control (OFAC) of the U.S. Treasury Department blacklisted Tornado Cash on the grounds that it was a crucial tool used by criminals to launder money.With the help of Tornado Cash, users of the Ethereum, BNB Chain, Arbitrum, Avalanche, and Optimism networks can swap tokens while hiding their wallet addresses.Although the service itself is not malicious, cryptocurrency fraudsters are increasingly using it to hide the trail of money they have stolen. According to the US Department of Justice, Lazarus, a group of North Korean hackers, utilized the service to launder more than $1 billion in illegal payments. “Though the government’s actions have crippled Tornado Cash’s service, a few illicit actors aren’t deterred, showing that while the sanctions were a hurdle, they weren’t a full stop for all nefarious activities,” the report stated. The crypto community criticized the sanctions in major part, but it had little effect.A group of cryptocurrency investors and developers who claimed the Treasury Department exceeded its power lost a Coinbase-funded lawsuit in August.While North Korean hackers have generally switched to other Bitcoin mixers, some unauthorized usage of Tornado Cash has persisted, according to TRM experts. “Though the government’s actions have crippled Tornado Cash’s service, a few illicit actors aren’t deterred, showing that

A securities broker license has been granted to Gibraltar-based digital asset bank Xapo, enabling it to offer customers in Europe the option of trading S&P 500 companies like Apple in addition to its cryptocurrency wealth management services.According to Xapo CEO Seamus Rocca, the company’s recently granted Markets in Financial Instruments Directive (MiFID) license adds another tenet to its vision, which is much more focused on straightforward, long-term investing than the kind of speculative trading strategies that cryptocurrency is known for. “Our target customer is not your stereotypical 25-year-old Gen Z, who wants to trade crypto,” Rocca said. “It’s a slightly older demographic who bought bitcoin a few years ago to hold and to be like a pension pot, or perhaps to buy a property when the price is right. They want a diversified portfolio

The local financial authority warned on Tuesday that Binance’s U.K. partner was not permitted to approve cryptocurrency adverts, possibly undermining the exchange’s efforts to adhere to the new marketing regulations. Just before new crypto promotion regulations went into effect over the weekend, Binance announced last week that it was collaborating with Rebuildingsociety.com. The system mandates

In April 2023, the Reserve Bank of Zimbabwe unveiled its new scheme, which called for each digital token to be backed by a specific quantity of actual gold that was stored in the bank’s reserves. The gold-backed digital token known as Zimbabwe Gold (ZiG) began accepting payments in full on October 5. The Reserve Bank

According to a press release from the Israeli police, cryptocurrency accounts related to the Palestinian militant organisation Hamas have been frozen, local media source Calcalist said on Tuesday. Hamas’s weekend multifaceted assault on Israel has devolved into all-out war, and Israel’s defence minister has ordered a total siege of the Palestinian territory of Gaza. The

Decentralized exchange (DEX) Trader Joe is being sued by American retail company Trader Joe’s on federal trademark violation grounds. “Defendants operate a cryptocurrency platform called ‘Trader Joe’ and use the domain name traderjoexyz.com,” a court filing read. “Defendants named the platform ‘after the supermarket’ — none other than Trader Joe’s — and developed a narrative around a fictionalized ‘Trader Joe’ who sells his crops in the local marketplace, further evoking Trader Joe’s business

During the market crash on Monday, traders of cryptocurrencies lost over $100 million as a result of liquidations as the price of digital assets fell along with the Middle East conflict’s rising.According to CoinGlass data, traders who had long positions—bet that prices would rise—had lost over $105 million as of the American afternoon.This was the day with the most extended liquidations since September 11. The liquidations took place when cryptocurrency values fell as a result of the conflict between Israel and Hamas and the escalating unrest in the region, which weighed on risky assets and jarred investors.Bitcoin (BTC), the biggest digital asset, fell by more than 2% before rising back to $27,600.Ether (ETH) dropped by roughly 5% at one point, and large-cap cryptocurrencies solana (SOL), Polygon’s native token (MATIC), and Polkadot’s (DOT) saw losses of 6% to 7%. Later, they made some progress. Liquidations happen when an exchange terminates a leveraged trading position as a result of the trader losing all or part of their initial investment, or “margin,” either because they didn’t meet the margin requirements or didn’t have enough money to keep the position open.The majority of the losses were suffered by ETH derivatives traders as declining prices prompted $32.78 million of long positions to be liquidated over the course of the preceding day, according to CoinGlass. A $4.5 million ETH-BUSD long order on the cryptocurrency exchange Binance was the highest single liquidation order. BTC long bets worth about $18.25 million were liquidated, then bitcoin cash (BCH) and Bancor’s (BNT) token, each liquidated for more than $3 million.

Nearly 160,000 hacking attempts were made against Upbit, the largest exchange by trading volume in South Korea, in the first half of this year, according to parent company Dunamu’s regulatory filing, which was picked up by the local news source YNA.On the ninth, Dunamu delivered its findings to Rep. Park Seong-jung (People Power Party) of the National Assembly’s Science, Technology, Information, Broadcasting and Communications Committee. That equals around 879 on a daily basis.Although Dunamu did not provide specifics in the lawsuit, hackers may have used a variety of widely used techniques for the attacks, such as email phishing or DDoS. DDoS, or distributed denial-of-service, is a type of cybercrime where an attacker overwhelms a server with traffic to keep people from accessing linked websites and online services.According to Dunamu, there were 2.17 times as many “infringement attempts” in the first half of 2016—a period that witnessed just over 73,200 cases—as there were in the second half.In spite of being relatively unknown outside of its native market, UPbit transacts billions of dollars on trading pairs in Korean won and tokens and is renowned for inspiring ferocious rallies on listed tokens. As a U.S. court determined that the selling of XRP on exchanges did not constitute investment contracts earlier this year, the exchange processed about $2.5 billion in XRP trading volumes over a 24-hour period.The tokens were priced up to 10% more than the current international XRP marketplaces.

In a Monday legislative session, Italian central banker Piero Cipollone supported the idea of a digital euro as he sought approval to succeed Fabio Panetta as head of the European Central Bank (ECB)’s (CBDC).When Panetta leaves the central bank’s executive board in November, Cipollone, who has served as the deputy governor of the Bank of Italy since 2020, is the only contender.The comments Cipollone made on Monday suggest he won’t veer far from the current ECB digital currency policies. He assured members of the Economic and Monetary Affairs Committee of the European Parliament that a digital euro would “reinforce the ability to pay with public money throughout Europe with a technology and infrastructure that is based in Europe,” promising offline functionality, accessibility, and “excellent solutions” to safeguard privacy. Cipollone’s eight-year term has already been accepted by the ECB and the eurozone’s finance ministers, making his appointment to the post all but guaranteed. In a non-binding vote taken soon after the debate, lawmakers supported his candidacy 30-3.Despite strong skepticism from lawmakers over the advantages of the idea for regular consumers, Panetta has previously denounced private cryptocurrency as a greed-driven Ponzi scheme and spearheaded ECB work on a digital euro. In response to a previous written questioning from MPs, Cipollone claimed that blockchain developments carry “significant risks,” but that these risks may be mitigated by taking steps such as placing holding limitations on citizens. A group of cross-party EU legislators recently asked the ECB to hold off on making any decisions about a retail CBDC until they can come to an agreement on legislative restrictions in contentious areas like privacy. 

Crypto companies like Binance, OKX, and MoonPay have declared they have been striving to conform to the new financial promotion restrictions in the UK. Major cryptocurrency exchanges operating globally, including Binance and OKX, have declared that they are striving to comply with new financial marketing laws in the UK. To ensure fair, honest, and transparent

Deribit, the most active and actively traded crypto options exchange in the world, will soon provide options linked to the well-known alternative cryptocurrencies XRP, SOL, and MATIC. Shortly before press time, the exchange announced its expansion plans on X, noting that it is also applying for a brokerage licence in the European Union (EU). Options

The U.K. Financial Conduct Authority has accepted Komainu’s registration as a joint venture between Nomura, Ledger, and CoinShares for crypto custody. The company joined the FCA registry on Friday, shortly before the weekend-starting implementation of the regulator’s new promotion restrictions. To be able to approve their own adverts and provide consumers with the necessary risk

VAX tokens valued at almost $3 million were stolen from Stars Arena, and the hacker allegedly sent the money to the Fixed Float cryptocurrency exchange. Recently, the Avalanche-based Web3 social media application Stars Arena declared that it had raised enough money to fill the $3 million hole caused by an exploit. The team also said

After losing 5,000 ETH in late September, HTX worked quickly to recover the money from the hacker. After resolving the issue, Huobi Global’s cryptocurrency exchange HTX announced a 250 Ether bounty and confirmed the restitution of the assets that had been stolen by a hacker in late September. On September 25, 5,000 ETH from one

He advised against considering such sympathisers for interviews on prestigious television programmes like CBS’s 60 Minutes. During his continuing trials connected to the failure of their cryptocurrency enterprise, lawyer and crypto advocate Sam “SBF” Bankman-Fried’s followers have come under fire from John Deaton. Deaton claimed in a post on X (previously Twitter) that those who

Blackbird Labs revealed that it has raised $24 million in a number of funding rounds for its loyalty program and app that aims to link eateries and their customers through its cryptocurrency-powered app.a financing round that was spearheaded by Andreessen Horowitz (a16z), a venture capital firm.Customers tap their phone on an NFC reader to generate a non-fungible token (NFT) membership through Blackbird, which is built on Coinbase’s Layer-2 Base blockchain. NFC readers are the devices that connect smartphones to payment scanners.Users “tap in” to the eatery, at which point the NFT is created. According to a press release, Blackbird memberships grant access to awards and insider benefits like SMS concierge and off-menu items.The fact that Ben Leventhal, a co-founder of the dining network Resy, serves as the project’s CEO has contributed to its mainstream success; the New York Times carried an article about Blackbird this week without using the word “crypto” once. “Blackbird will be the first decentralized platform built especially for the hospitality industry,” the paper reads. “Unlike legacy rewards marketplaces which maroon and lock earned points, the Blackbird protocol will eventually allow users to take the points they earn anywhere they go on public blockchains.” Due to a partnership between Blackbird and Privy, customers no longer need to have a cryptocurrency wallet before signing up; instead, they simply need to sign in with their phone number, which gives them immediate access to a self-custodial wallet.In New York City, Blackbird has signed up over 80 businesses since its inception a few months ago. “Web3 enables a powerful, new way for