UK FCA Fines Coinbase Unit £3.5 Million for Compliance Failures
Key Insights UK’s FCA fines Coinbase subsidiary CBPL £3.5 million for breaching high-risk customer restrictions CBPL onboarded 13,416 high-risk customers…
Kraken Expands Crypto Custody Services to UK and Australian Institutions
Key Insights Kraken expands its cryptocurrency custody services to institutional clients in the UK and Australia, marking its first international…
WazirX Crypto Exchange Hit by $230 Million Hack, Withdrawals Suspended
Key Insights WazirX cryptocurrency exchange suffers a $230 million security breach due to a suspected private key compromise of its…
Crypto Exchange OKX to Exit Nigeria Citing Regulatory Changes
Key Insights OKX announces discontinuation of services in Nigeria by August 16, 2024, citing recent changes in local laws and…
Binance Faces October Tax Trial in Nigerian Court as Legal Woes Mount
Key Insights Binance is scheduled to face tax evasion charges in a Nigerian court on October 11, with the company…
Crypto App CoinStats Hit by Sophisticated Hack, 1,590 Wallets Compromised
Key Insights CoinStats reports a sophisticated cyber attack resulting in the theft of $2.2 million worth of cryptocurrency from 1,590…
Kraken Scores Partnership with Atlético de Madrid, Expands European Presence
Key Insights Kraken becomes Official Crypto and Web3 Partner of Atlético de Madrid, including sleeve sponsorship from 2024 season. Partnership…
BitMEX Pleads Guilty to Bank Secrecy Act Violation, Faces Potential 5-Year Sentence
Key Insights BitMEX pleads guilty to violating the Bank Secrecy Act by failing to maintain an adequate anti-money laundering program.…
Mt Gox Begins Bitcoin Repayments to Creditors, Moves $2.71 Billion in Assets
Key Insights Mt Gox has started repaying creditors in Bitcoin and Bitcoin Cash through designated cryptocurrency exchanges, with repayment timelines…