Celsius Network’s bungling showed why centralization can’t protect privacy
Celsius’ bankruptcy proceedings resulted in 14,000 pages of customer data leaking to the public. The incident displayed the pitfalls of centralized finance.
Auto Added by WPeMatico
Congress Questions Coinbase, FTX, Binance, Kraken in Crypto Fraud Crackdown
A House committee has sent letters to four U.S. federal agencies and five cryptocurrency exchanges asking for information about what they are doing to combat cryptocurrency fraud and scams. Congress…
Regulators have a weak case against FTX on deposit insurance
FTX made an error in messaging when it suggested depositors were insured, but federal regulators will have a hard time proving the exchange did so with sinister motives.
Korean financial watchdog to block tens of unregistered exchange websites
Korea's Financial Intelligence Unit is cracking down on foreign-based cryptocurrency exchanges that are yet to register with relevant authorities in the country.
Huobi Global Acquires Latin American Crypto Exchange Bitex
The digital currency exchange Huobi Global has revealed it has acquired Bitex, a Latin American crypto platform that operates in Argentina, Chile, Paraguay, and Uruguay. Huobi details that the company…
Indian Government Reveals 11 Crypto Exchanges Investigated for Tax Evasion, $13 Million Recovered
The Indian government has revealed that 11 cryptocurrency exchanges have been under investigation by the country’s tax authority. About 95.86 crore rupees ($12.6 million) have been recovered from them. 11…
Ethereum balance on crypto exchanges falls to lowest levels since 2018
Nearly $1.61 billion worth of Ethereum tokens has left crypto exchanges year-to-date, ahead of its protocol's potential full merge to proof-of-stake in summer.
Hillary Clinton Urges Biden Administration to Pressure Crypto Exchanges to Block Russian Users
Former presidential candidate Hillary Clinton has criticized the Biden administration and European governments for not pressuring cryptocurrency exchanges to end transactions with Russian users. She believes regulators “should look hard…
Coinbase ‘Will Not Institute a Blanket Ban’ on All Transactions Tied to Russian Crypto Addresses
The popular cryptocurrency exchange Coinbase has addressed the request from Ukrainian officials to freeze the accounts of all Russian users. A Coinbase spokesperson noted that the digital currency platform would…
Ukraine Asks Crypto Exchanges to Freeze Accounts of All Russian Users — Major Exchanges Deny Request
The vice prime minister of Ukraine has asked all major cryptocurrency exchanges to freeze accounts of all Russian users. However, some crypto exchanges have already denied the request. Binance confirmed…