Crypto
A Third of 2023 Crypto Hacks Traces Back to North Korea, Says TRM Labs
A recent report by blockchain intelligence company TRM Labs reveals a concerning trend of crypto hacks by North Korea, who stole at least US$600 million in cryptocurrency in 2023. This figure might even reach around US$700 million if additional crypto
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MAS Grants Full Crypto Payment License to Upbit Singapore
The Monetary Authority of Singapore (MAS) has granted crypto exchange Upbit Singapore a full payment license, enabling the company to expand its operations in the digital asset market. This announcement comes after the initial in-principle approval (IPA) that Upbit Singapore
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Worldpay Brings Major Credit Card Rails to Alchemy Pay, Boosting Crypto Accessibility
Alchemy Pay, a fiat-crypto payment gateway, has partnered with global acquirer Worldpay to expand its payment options and improve its services. This collaboration integrates Worldpay’s Visa and Mastercard payment systems into Alchemy Pay‘s platform, aiming to streamline the process of
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Crypto Hack Volumes Slashed by 50% in 2023, Says TRM Labs
There has been a significant drop in crypto hacks in 2023, with a more than 50% decrease compared to the previous year, according to research conducted by blockchain intelligence company TRM Labs. While the number of hacking incidents remained relatively
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How Is the Crypto Industry Adapting to Regulatory Demands and Scrutiny?
In recent years, the world has witnessed a rapid rise in the popularity and adoption of cryptocurrencies. As this digital revolution continues to reshape the financial landscape, it is crucial to examine the future of the monetary system and address
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Independent Reserve Adds PayNow Option to Ease SGD Deposits
Independent Reserve, a licensed crypto exchange in Singapore, announced the addition of the PayNow service to its platform, aiming to simplify and secure the process of Singapore Dollar (SGD) deposits for its users. With the integration of PayNow, users can
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Cryptocurrency Storage Revolution: A Closer Look at MPC Wallets
In the ever-evolving landscape of cryptocurrency, the importance of secure storage solutions cannot be overstated. As digital assets become an integral part of our financial world, ensuring the safety of these assets has become a paramount concern for crypto enthusiasts,
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Judge Accepts Guilty Plea from Binance’s Former CEO Changpeng Zhao
Seattle’s U.S. District Court Judge Richard Jones has accepted a guilty plea for money laundering from crypto exchange Binance’s former CEO Changpeng Zhao (CZ). The sentencing for CZ is scheduled for 23 February 2024 where he could face up to
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Binance CEO Teng to Ensure Top Exec Team Remains Intact Amidst Regulatory Scrutiny
Richard Teng, the newly appointed CEO of crypto exchange Binance, emphasised the importance of maintaining the existing core team at the cryptocurrency exchange, in a recent interview with Bloomberg TV. Teng reiterated Binance’s aim to invest heavily in its compliance
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CZ Steps Down as Chairman of Binance.US
Crypto exchange Binance’s founder and former CEO Changpeng Zhao (CZ) is stepping down from his role as Chairman of the Board of Directors at Binance.US. Zhao will retain an economic interest in the company but will no longer participate in
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