In a recent announcement, crypto exchange Binance revealed that its subsidiary Tokocrypto has successfully obtained a Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti). This development marks a significant milestone for Tokocrypto, positioning it as the third exchange in Indonesia to receive such a license. Impressive Growth of Tokocrypto
Exchanges
Recently, Jameson Lopp, co-founder of CasaHODL, raised a red flag about a new phishing scam that is specifically targeting users of the popular cryptocurrency exchange, Gemini. The scheme involves a fake data breach notice that tricks users into transferring their funds to malicious actors under false pretenses. Lopp’s warning sheds light on the deceptive tactics
A Nigerian court recently postponed the decision on the bail application for detained Binance executive Tigran Gambaryan until October 9. This decision came after arguments were presented by Gambaryan’s lawyer, Mark Mordi, and the prosecuting counsel, Ekele Iheanacho, who opposed the bail request. The application for bail was submitted on September 2, citing medical reasons
In light of recent security breaches in the cryptocurrency world, the role of third-party audits in verifying the security of platforms has come to the forefront. Grant Thornton, a leading global auditor, recently conducted a comprehensive review of Liminal’s infrastructure following a hack on WazirX. The results of the audit provided valuable insights into the
In recent months, Coinbase has experienced a sharp decline in market share according to a report by research firm Kaiko. Earlier this year, Coinbase dominated more than half of the US crypto market share, reaching almost 55% in March. However, as of early September, its market share has dropped to 41%, down from 53% in
Recently, a federal judge made a significant ruling in a proposed class action lawsuit against Coinbase, the largest US crypto exchange. The lawsuit alleges that Coinbase misled shareholders about the likelihood of being sued by the US Securities and Exchange Commission (SEC). This ruling by US District Judge Brian Martinotti on Sept. 5 allowed shareholders
The recent security breach at the Indian crypto exchange WazirX has raised concerns in the industry. The hacker responsible for stealing over $235 million has transferred around $10 million through sanctioned Tornado Cash in the past 24 hours, according to blockchain security firm Cyvers. Cyvers reported that the hacker had begun moving assets the previous
WazirX has initiated phase two of its fiat currency withdrawal process ahead of schedule, starting on Sept. 3 instead of the previously announced date of Sept. 9. This development comes in the wake of a security breach that resulted in the theft of over $230 million in user assets. CEO Nishal Shetty took to social
Binance CEO, Richard Teng, recently criticized the Nigerian government for its treatment of Tigran Gambaryan, an American executive who has been detained since February. Teng spoke out against the inhumane treatment of Gambaryan and called for his release for medical treatment and to be reunited with his family. A viral video surfaced showing Gambaryan struggling
OKX’s Singaporean entity, OKX SG, recently made headlines by securing a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is highly coveted in Singapore, as it provides businesses with the ability to operate without daily or monthly transaction limits. Companies seeking this license must meet strict criteria, including being
