Start-up to a regulated financial institution, Binance embraces global compliance Binance Holdings Limited has been subjected to regulatory scrutiny across jurisdictions quite often lately. Globally, regulators are duly checking if or not Binance is operating as a licensed, registered, and regulated crypto exchange. Ensuring consumer protection and curbing illicit activities are major regulatory interests of[Read more…]
Author Archives: bsctimes.com
Stefan He QIN, owner of two cryptocurrency investment funds, was sentenced to seven and a half years imprisonment. Qin was charged with defrauding over 100 investors in one of his investment funds. To cover up his fraudulent dealings, he attempted to transfer funds from the second investment fund to pay back investors. He pleaded guilty[Read more…]
Airdrop scams have become very rampant in recent times and, unluckily, some crypto investors have been a victim. Like most scams, airdrop scams make use of “juicy” value to attract people to try to exchange the token so they end up losing their crypto assets. I once scanned my trust wallet and found a new[Read more…]
The race for more financial efficiency continues in El Salvador. The country has not limited its support for digital currency to Bitcoin adoption alone, but has gone to install over 201 Bitcoin ATMs in just a month. This puts them in third place just behind the United States and Canada as the country with the[Read more…]
40 out of 60 S. Korean crypto exchanges might shutdown due to regulatory non-compliance The Financial Services Commission (FSC) of South Korea sees 40 out of 60 crypto exchanges closing down due to registration obligations’ violation, per FT. Local “Kimchi” coins stand to suffer as trading them won’t be possible on exchanges—possibly bringing losses of over $2.6 billion. Instances[Read more…]
Venus Protocol experienced a hostile takeover this morning. Fortunately, the Venus team has stopped this attack through the Governance guardian, a security measure that is supposed to only be activated in emergency situations. It has also been implemented in Compound GovernorAlpha to deal with similar situations before the GovernorBravo Proposal. This was a VIP42 attack. Essentially, the attacker[Read more…]
No tax payable by foreign investors on their Bitcoin capital gains in El Salvador El Salvador Bitcoin El Salvador literally translates to “The Saviour.” As for the cryptoverse, El Salvador rather resonates to being “the Crypto Saviour.” A recent law pertaining to making Bitcoin El Salvador’s “legal tender” gave a fitting answer to crypto sceptics[Read more…]
DogeCoin Dogecoin, formerly created to make fun of the idea of cryptocurrency as a replacement or upgrade for the traditional finance system, has gained much popularity and grown in value despite its “joke” status. IBM software Billy Markus and Jackson Palmer designed Dogecoin in 2013 to create a digital currency that could reach more people[Read more…]
OpenSea’s Product Head Nate Chastian’s NFT Insider Trading penalty is still unknown Acclaimed NFT marketplace OpenSea has shared details pertaining to ex-Product Head Nate Chastian’s insider trading act. Apparently, whistleblower @ZuwuTV (a Twitter user) went on to unearth Chastian’s illegal act. @ZuwuTV accused Chastian (via tweet tagging) of insider trading by selling trending NFTs guided by prior information. ZuwuTV cemented[Read more…]
AIO DeFi Leonicorn x Ulti Arena in a three-fold partnership exploring mutual efficiencies The Nature of the Partnership Leonicorn Swap partners with Ulti Arena gaming platform as they explore avenues to benefit from mutual efficiencies. The AIO DeFi platform inked a partnership with a community-driven NFT (Non-Fungible Tokens) marketplace platform for game Artists, Developers, and Players. This development[Read more…]
