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Crypto Exchange Lykke Confirms Platform Breach; Reports Theft of Assets Valued at $22 Million

The cryptocurrency exchange Lykke confirmed on June 10 that it fell victim to a breach, resulting in a hacker stealing digital assets valued at $22 million. Lykke stated that it…

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FTX Loaned Millions to Australian Influencer to Ward Off Potential Litigation, Bankruptcy Report Reveals

According to a bankruptcy report from FTX, the defunct cryptocurrency exchange loaned an Australian influencer slightly more than $13 million. This loan was intended to assist him in repaying investors.…

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Associate Professor Rejects Alleged Link Between Nigerian Currency Depreciation and Crypto Trading

Nigeria’s decision to halt naira trading on cryptocurrency exchanges is likely to worsen matters for its volatile currency,” an associate professor at the University of East London has argued. The…

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Hacked Japanese Crypto Exchange to Raise 50 Billion Yen to Repay Customers

DMM Bitcoin, a major cryptocurrency exchange based in Japan, has revealed its plan to secure 50 billion yen ($320 million) to repay customers after a significant security breach resulted in…

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Okx Launches Crypto Exchange and Wallet in the Netherlands

Global crypto trading platform Okx has launched its centralized exchange and wallet in the Netherlands. Dutch customers can now engage in spot trading and convert services for over 150 cryptocurrencies,…

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Hong Kong Reveals 17 Crypto Trading Platform Applicants as New Regulations Take Effect

Hong Kong’s Securities and Futures Commission (SFC) has published a list of two licensed crypto trading platforms and 17 pending applicants under the new regulations that went into effect on…

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Bybit Affiliate Withdraws Hong Kong VASP Application Months After Regulator Issued License Warning

The Singaporean crypto exchange Bybit’s affiliate Spark Fintech Limited, has abandoned its pursuit of an operating license in Hong Kong. The affiliate withdrew its virtual asset trading platform application on…

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Nigerian Senate Committee: Regulated Crypto Trading a Boost for Local Currency

The Nigerian Senate Committee on Capital Markets has called for the regulation of cryptocurrency and warned that the country’s unclear position could be costing the country. The committee also urged…

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Hong Kong’s Grace Period for Crypto Exchanges Ending — Trading Platforms Must Obtain License by June 1

The Hong Kong Securities and Futures Commission (SFC) has issued a reminder that crypto trading platforms must obtain a license to operate in Hong Kong before the grace period ends…

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Russian Traffic to Global Crypto Exchanges Surges; Central Bank Warns of Western Sanctions Risk

The surge in Russian traffic to global cryptocurrency exchange platforms in the last two quarters has prompted officials to issue a warning about the risk of Western sanctions. According to…

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