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German 21X Gets EU Approval to Launch Blockchain-Based Trading Firm

German 21X Secures EU Approval to Launch Blockchain-Based Trading Platform

Key Takeaways Frankfurt-based digital exchange 21X has obtained a license to operate a blockchain-based trading and settlement platform under EU regulatory oversight. The license, granted by Germany’s financial regulator BaFin, comes under the EU’s Distributed Ledger Technology Pilot Regime (DLTR),…

Clipper DEX Hacked Due to Withdrawal Vulnerability, $450K Lost

Clipper DEX Hacked Due to Withdrawal Vulnerability, $450,000 Lost

Key Takeaways Decentralized exchange (DEX) Clipper recently confirmed a security breach that led to a loss of approximately $450,000. The incident, which occurred on December 1 exploited a vulnerability in the withdrawal functionality of its protocol. Initial speculation about a…

XT Exchange Suffers $1.7 Million Hack, Suspends Withdrawals

XT Exchange Suffers $1.7 Million Hack, Suspends Withdrawals

Key Takeaways Leading crypto lending platform, XT Exchange, recently reported a security breach that resulted in $1.7 million in digital assets getting drained. As per blockchain security firm PeckShield, the stolen funds were swiftly converted into 461.58 Ethereum, valued at…

Brazil Lawmaker Proposes Sovereign Bitcoin Reserve in New Bill

Brazil Lawmaker Proposes Sovereign Bitcoin Reserve in New Bill

Key Takeaways A new bill introduced in Brazil’s Congress on November 25 by Congressman Eros Biondini seeks to establish a Sovereign Strategic Bitcoin Reserve, referred to as RESBit. The proposal aims to integrate Bitcoin into Brazil’s national financial reserves, potentially…

US Court Clears Tornado Cash Smart Contracts From OFAC Sanctions

US Court Clears Tornado Cash Smart Contracts From OFAC Sanctions

Key Takeaways On November 26, the U.S. Fifth Circuit Court of Appeals ruled that the U.S. Treasury Department had overstepped its legal authority by sanctioning Tornado Cash’s immutable smart contracts.  The case centers around Tornado Cash, a decentralized privacy protocol…

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