Crypto Exchange Kraken Enters TradFi; To Offer Stock Trading As Soon As 2024

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Crypto Exchange Kraken to Explore Stock Trading: Bloomberg

The service could launch as soon as 2024, Bloomberg reported, citing a person familiar with the matter.

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Mixin Network announces $20M bug bounty to retrieve stolen assets

As invezz. com reported, Hong Kong-based crypto firm Mixing Network suffered a massive hack that saw it lose $200 million in assets. The security breach forced the platform to temporarily suspend services as Google & blockchain security firm SlowMist assisted in investigations.

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Justin Sun confirms $8M HTX exploit; attacker offered 5% bounty and a security advisor role to return funds

Crypto entrepreneur and HTX global adviser Justin Sun confirmed today that the exchange was compromised in an exploit that resulted in a loss of $7. 9 million. Web3 security firm Cyvers first reported the hack, noting that its system detected a suspicious transaction involving the exchange on Sept.

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Lazarus Group's crypto coffers show a staggering $47 mln

It's worth noting that the reported amount was significantly less than what the group possessed earlier in September. Despite potential financial setbacks, the Lazarus Group's crypto wallets reThe post Lazarus Group's crypto coffers show a staggering $47 mln appeared first on AMBCrypto.

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South Korea to screen major shareholders of crypto exchanges over eligibility concerns

Financial authorities in South Korea intend to initiate stringent eligibility reviews for major shareholders of cryptocurrency exchanges, mirroring the standards upheld within the banking sector, local media reported on Sept.

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Coinbase looks to acquire FTX Europe despite bankruptcy baggage

Crypto exchange Coinbase reportedly showed interest in acquiring the European subsidiary of bankrupt FTX, Fortune reported on Sept. 22. Coinbase reportedly considered acquiring FTX Europe following its collapse last November and continued to explore this possibility even into this month.

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Bitwise withdraws crypto futures ETF amendment

In a Sept. 22 post on X, Bloomberg Intelligence analyst James Seyffart reported Bitwise, the crypto index fund manager, has withdrawn their application to convert $BITC from a Bitcoin futures fund to a Bitcoin and Ethereum futures fund. This means…

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Tether acquires 20% stake in German Bitcoin miner Northern Data in unusual equity deal: Report

Stablecoin firm Tether is entering a $420 million deal involving artificial intelligence chips and an overseas Bitcoin crypto mining firm, Forbes reported on Sept. 20. Tether has not officially announced the investment.

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South Koreans’ overseas crypto assets boom to $99B as regulatory focus shifts to OTC trade regulation

South Koreans reported approximately 131 trillion won (around $99 billion) in overseas crypto assets, including Bitcoin (BTC), for this year, according to the country’s tax agency. According to the document, 1,432 individuals and entities possessed cryptocurrency holdings valued at over $99 billion overseas.

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CZ dismisses media claim of $250M loan from Binance-Afilliated BAM Management

Binance CEO Changpeng ‘CZ’ Zhao described reports that he took a $250 million loan from BAM Management as “wrong information” in a Sept. 20 post on X (formerly Twitter). Crypto media outlet Decrypt reported that Binance.

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Crypto accounts for 70% of South Korea’s overseas assets

The National Tax Service (NTS) of South Korea has revealed that 70% of the country’s overseas assets are in cryptocurrency. According to an official statement, the country holds $98 million worth of crypto abroad, as reported by nearly 1,400 individuals…

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Crypto Influencer Promoting JPEX Exchange Arrested In Hong Kong

Former lawyer and crypto influencer Joseph Lam has been apprehended by the Hong Kong Police for allegedly associating with troubled cryptocurrency exchange JPEX. A local media outlet reported, citing sources familiar with the case, that the police arrested Lam on Monday, September 18.

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New Google cloud sync feature implicated in $15M crypto heist at Ripple-owned Fortress Trust

Software development company Retool has blamed the hack of crypto custodian Fortress Trust on a recently introduced Google Account cloud synchronization feature, Hacker News reported on Sept. 18.

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Hong Kong social media star arrested for promoting controversial JPEX crypto platform

Hong Kong police officers have arrested crypto influencer Joseph Lam Chok for promoting the JPEX crypto platform, South China Morning Post reported on Sept. 18. Per the report, the police questioned the social media celebrity, and his company at the  Entertainment building in Central was raided.

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Hong Kong Probe Into Crypto Exchange JPEX Results in Arrest

SCMP reported that Hong Kong police had received 83 complaints about the platform, which was operating without a license.

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VanEck: Crypto exchange volumes declined to $52b in August 

In August, as reported by VanEck, the trading volumes of digital assets hit a two-year low, coinciding with an all-time low in their volatility.

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Hong Kong police received over 80 complaints against JPEX crypto exchange

JPEX crypto exchange has been named in at least 83 complaints to the Hong Kong police as of Friday, the South China Morning Post reported on Sept. 16. The complaints involve cryptocurrencies worth $4.

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U.S. national debt nears $33T, reigniting debate on crypto as financial hedge

Quick Take Over the past months, the U. S. national debt has witnessed a rapid acceleration. As reported by CryptoSlate in June, the national debt was on the verge of hitting the $32 trillion mark.

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Bybit Clarifies Position On Reported UK Exit

Prominent crypto exchange Bybit has denied reports stating the company’s intention to exit the United Kingdom ahead of the nation’s new financial rules expected to go into effect from October 8th, 2023.

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CoinEx over $27M hack loss traced to North Korean hackers

The over $27 million hack of crypto exchange CoinEx was carried out by the North Korean Lazarus Group, blockchain security firm SlowMist reported on Sept. 13. The findings were corroborated by prominent on-chain sleuth ZachXBT, who posted that the group accidentally connected their address to the $41 million Stake hack on Optimism and Polygon.

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Stake’s Hacker Moves $328,000 Worth Of Crypto From Stolen Funds

The hacker responsible for the $41 million hack of the crypto casino Stake on September 4 made another move on September 11. Following this, they transferred an additional $328,000 worth of Polygon (MATIC) and BNB (BNB) tokens, as the blockchain security company CertiK reported.

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Crypto exchange CoinEx reportedly hacked as ETH, Polygon wallets lose millions

A reported hack has resulted in CoinEx losing millions in ETH, MATIC, and TRON The crypto exchange has not made an official announcement on the incident but has gone under wallet maintenance The post Crypto exchange CoinEx reportedly hacked as ETH, Polygon wallets lose millions appeared first on AMBCrypto.

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$24 Million Worth of Crypto Wiped out Overnight in Massive Phishing Attack

Eye-popping $24.23 million in stETH and rETH tokens stolen in a phishing attack just hours ago, as reported by cybersecurity watchdog Scam Sniffer

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South Korea crafts bill to freeze North Korea crypto assets

The South Korean government plans to submit a bill that will enable it to track and freeze crypto assets used by North Korea for its weapons program, local media outlet Korea JonngAng Daily reported on Sept.

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Crypto casino Stake reopens withdrawals just 5 hours after $41M hack

The online crypto casino reported unauthorized transactions from its hot wallets on Sept. 4 with blockchain security firms estimating at least $41 million pilfered from hackers.

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Crypto betting platform Stake silent on reported $41M fund drain

Several blockchain security firms, including Peckshield, have reported the suspicious movements of significant funds on crypto-based sports betting platform Stake. Cyvers platform first reported the incident, noting that about $16 million of stablecoins were converted into Ethereum (ETH).

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Crypto Casino Stake Targeted in Reported $40M Exploit

The cryptocurrency gambling and sports betting website stake has been targeted by a private key exploit, with on-chain analyst Cyvers reporting that $16 million has been withdrawn on the Ethereum network.

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UNIBOT Faces Critical Test at $152 Resistance After 34% Breakout Says Top Crypto Analyst – Here’s His Outlook

In a recent market update by Rekt Capital, a leading financial analysis firm, reported that UNIBOT, the popular cryptocurrency, has experienced a significant rally of 34% since its breakout. However, the digital asset has faced strong resistance at approximately $152, preventing it from gaining further.

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Hurricane Idalia delays Ron DeSantis’ reported plans to accept crypto campaign donations

The storm hit Florida first in the continental U.S., which may have stopped Ron DeSantis from joining Vivek Ramaswamy in accepting crypto donations for his presidential campaign.

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JPMorgan Shares Prediction On Bitcoin’s Next Move: What You Need To Know

In the latest research report, financial giant JPMorgan Chase & Co. has recently shared its belief in Bitcoin and the crypto market. Bloomberg reported, citing data from the financial services firm, that the current downtrend phase in the crypto market might just be nearing its conclusion.

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Treasury, IRS propose crypto tax rules defining DeFi platforms as brokers

The U. S. Treasury Department has proposed updated tax rules aiming to streamline the crypto tax landscape, as reported by the Wall Street Journal. The proposed rules, when fully implemented, will obligate crypto businesses to interact with the IRS in a similar fashion to traditional brokers handling stock and mutual fund portfolios.

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Kroll Data Breach Impacts FTX, Claimant Information Compromised

Kroll, the claims agent working on the bankruptcy case for FTX, a once-prominent crypto exchange, has fallen victim to a cybersecurity breach. The breach, reported on Friday, has led to the compromise of non-sensitive customer data belonging to specific claimants.

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Crypto market strengthens as Bitcoin recovers from last week’s $1B liquidation event

Invezz. com reported how liquidations surpassing $1 Billion deteriorated the crypto market last week. That triggered negative sentiments as Bitcoin plunged toward the $25K region. However, the narrative has changed over the past 24 hours as the market gradually recovers from the massive liquidations.

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Binance.US Teams Up With MoonPay Amid Banking Challenges And SEC Woes

Crypto exchange Binance. US has recently encountered many legal and financial obstacles amid heightened regulatory scrutiny. However, to restore a reliable influx of dollars, the exchange has allied with MoonPay, a payment startup renowned for its partnerships in the non-fungible token (NFT) sector, as reported by Bloomberg.

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Shiba Inu Price Continues to Slide With Dogecoin Also Bearish, But Sonik Coin Raises $140K 

The cryptocurrency market saw its most severe crash yesterday since the FTX debacle. Major crypto assets were in a free fall after the Wall Street Journal reported that Elon Musk’s space venture SpaceX may have sold all its Bitcoin holdings.

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Arkham Allegedly Discovers Donald Trump’s Crypto Wallet, Worth $2.8M

Blockchain intelligence firm Arkham claims to have found Donald Trump's crypto wallet, suggesting he has around $2. 82 million in crypto holdings, significantly more than the $250,000-$500,000 reported earlier.

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Canadian police reported using Chainalysis Reactor to trace crypto crimes

Police now have the ability to trace blockchain transactions, identify suspects and determine where funds have been deposited.

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48 Crypto Assets Considered by the U.S. SEC To Be Securities Beget Questions

With a significant 24-hour trading volume of $3.3 billion, as reported by CoinGecko, a group of 48 tokens, potentially categorized as securities by the US Securities and Exchange Commission (SEC), holds a substantial combined market capitalization of $91 billion.

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Huobi Saga Continues As Justin Sun Moves $200 Million To The Exchange

Embattled cryptocurrency entrepreneur Justin Sun is currently in the news as a wallet address labeled “Justin Sun” was recently reported to have transferred $200 million to the crypto exchange Huobi.

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Decentralized Hedge Fund VC Spectra Reports Strong Demand for Its Presale

London, United Kingdom, August 5th, 2023, Chainwire   Decentralized hedge fund VC Spectra has reported strong demand for its Stage 2 presale. The token sale has drawn considerable interest from early investors and underlined VC Spectra’s potential to redefine the crypto industry.

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OPNX submits bid to takeover troubled Singapore-based crypto lender Hodlnaut

Open Exchange (OPNX), a platform for crypto claims trading, has submitted an offer to take over troubled crypto lender Hodlnaut, Bloomberg reported on August 6. Hodlnaut filed for bankruptcy protection last August and its restructuring is now being supervised by a Singapore court.

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Bitcoin Payment Firm Block Notches 34% Increase In BTC Revenue This Year

The success of alpha crypto Bitcoin in the second quarter of 2023 was crucial for Block Inc. The payments startup, led by Twitter founder Jack Dorsey, reported outstanding earnings, recording $5. 5 billion in revenue overall.

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Decentralized Hedge Fund VC Spectra Reports Strong Demand for Its Presale

London, United Kingdom, August 5th, 2023, Chainwire Decentralized hedge fund VC Spectra has reported strong demand for its Stage 2 presale. The token sale has drawn considerable interest from early investors and underlined VC Spectra’s potential to redefine the crypto industry.

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BREAKING: Tether And Bitfinex Class Action Lawsuit Thrown Out By Judge – A Win For Crypto?

Tether has just announced a key victory in its continuing legal conflict, marking a crucial legal milestone. The company reported that the court had officially dismissed a class action lawsuit involving its extensively utilized USDT stablecoin.

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Coinbase Beats Earnings Estimates With $708M Total Revenue for Q2

Coinbase reported Q2 2023 net revenue of $663m, beating analyst expectations and marking a total revenue of $708m, despite an 8% drop from the previous quarter due to low crypto volatility. The post Coinbase Beats Earnings Estimates With $708M Total Revenue for Q2 appeared first on BeInCrypto.

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Robinhood Shares Plunge as Crypto Revenue Nosedives

Despite achieving its first profitable quarter since its IPO, Robinhood, the online brokerage giant, is facing significant headwinds as shares plunged 9.3% following a reported decline in monthly active users

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Robinhood reports an 18% sequential decline in its second-quarter crypto trading revenue

Robinhood Markets reported its Q2 financial results on Wednesday. Mizuho analyst Dan Dolev sees upside in “HOOD” to $14 per share. Robinhood stock lost roughly 8. 0% in after-hours trading today.

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Robinhood Crypto Revenue Fell 18% Sequentially to $31M in Q2

The online trading platform reported second-quarter earnings after the close on Wednesday.

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