How crypto exchanges handle liquidity crises after major hacks
Crypto exchanges manage liquidity crises following major hacks by leveraging insurance funds, seeking emergency financing, suspending services, and collaborating with industry players.
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Japanese Regulator Issues Warning Letters to 5 Unregistered Crypto Exchanges
Japan’s financial regulator, the FSA, has cracked down on five unregistered cryptocurrency exchanges targeting Japanese residents. Users of 5 Exchanges May Lack Asset Protection The Financial Services Agency (FSA), Japan’s…
Rapid Response and Transparency Key to Building Trust in Digital Assets, Says Kucoin MD
Alicia Kao, Kucoin’s managing director, has emphasized the importance of security and regulation in the digital asset space. Rapid Response to Security Breaches Helps Restore User Trust Although hacks and…
Slovenian Regulator Grants Bitstamp License for Crypto Derivatives
Bitstamp, a cryptocurrency exchange, has received a MiFID MTF license from the Slovenian securities regulator. The license allows Bitstamp to offer more sophisticated products, including crypto derivatives, to both institutional…
Is Complete Decentralization of Finance Realistic? Fed Governor Waller Says No
A Federal Reserve governor questioned whether decentralized finance (defi) can truly eliminate the need for intermediaries, despite bitcoin’s revolutionary promise. While decentralized systems aim to bypass traditional structures, he argues…
Bybit CEO: Celebrities Should Avoid Giving Direct Crypto Investment Advice
According to Ben Zhou, founder and CEO of crypto derivatives platform Bybit, content creators play a vital role in the crypto ecosystem. Besides helping inexperienced investors and traders avoid steep…
Nigerian Regulator Pledges to Fight Crypto Fraud
The Nigerian Securities and Exchange Commission (SEC) vows to crack down on fraud, money laundering, and market manipulation in the crypto sector. The SEC director general, Emomotimi Agama, emphasized the…
Bitcoin Price in South Korea Sees Largest Discount Since October 2023
According to recent data, the premium for bitcoin in South Korea briefly turned into a discount last week, a rarity since October 2023. While the premium quickly bounced back, it’s…
Australia Mandates Financial Services Licenses for Crypto Firms Under New ASIC Regulations
The Australian Securities and Investments Commission (ASIC) has announced new legislation requiring cryptocurrency exchanges to obtain financial services licenses. This expansion of the Corporations Act aims to provide clearer oversight…
Bingx Hit With $52 Million Hack, Lazarus Group Suspected
Asian crypto exchange Bingx suffered a hacking attack, leading to a suspension of withdrawals and an estimated loss of $52 million. Bingx claims the stolen amount is minimal because it…
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