Key Takeaways: Reportedly Binance’s compliance head Tigran Gambaryan in an interview said, “We have lost 90% of customers after implementing KYC, losing billions in revenue”. In 2021, the same year Binance implemented KYC, the exchange earned 69% of the estimated…
Key Takeaways: Over 54 pro-Russian groups sourced $2.2 million in cryptocurrency donations to fund the war in Ukraine. The $2.2 million in crypto donations amounted to around 4% of crypto sent in support of Ukraine. The blockchain analytics firm Chainalysis…
Key Takeaways: In March, attackers stole $622 million worth of assets from Ronin Bridge – an Ethereum sidechain made for renowned NFT-based Axie Infinity. Nguyen states the $3 Million transaction was to stop AXS short sellers from front-running the news.…
Key Takeaways: The firm reportedly lost 8,000 BTC and 56,000 ETH in proprietary trading with customer funds. As per the deck, Babel’s proprietary trading team was “not supported by any term sheets and thus were not recorded in the system.” …
Key Takeaways: Celsius states an engineer at the Customer.io messaging platform leaked the data to a third-party actor. Celsius notified its customers via email that a list of their email addresses had been exposed by a staff of one of…
Key Takeaways Fed raised the interest rate by another 75 basis points on Wednesday. Bitcoin price went up around 9% from 24 hours before the announcement. Ethereum’s price increased by 15.64% following the rate hike. ETC up 32%, and STETH…
Key Takeaways: The Commission recommends recognizing a new category of personal property called “data objects.” According to Commission, crypto-tokens satisfy their proposed criteria of data objects and are appropriate objects of property rights. The U.K. is trying to earn a…
Key Takeaways: TRM Labs revealed that NFT minting scams deployed through compromised Discord accounts increased by 55% in June compared to May. The targeted NFT projects include the Bored Ape Yacht Club(BAYC), Bubbleworld, Parallel, Lacoste, Tasties, and Anata, among others.…
Key Takeaways: O.F.A.C. has been investigating Kraken since 2019 and is expected to impose a fine. According to sources, Kraken has violated U.S. sanctions by also opening accounts in Syria and Cuba. The U.S. imposed sanctions on Iran in 1979,…
Key Takeaways: Stollery is accused of running an unregistered ICO, falsifying aspects of TBIS’ white papers, and planting fake client testimonials. The Titanium Blockchain CEO could face a 20-year prison term if found guilty. He was originally charged with securities…
