CryptoNews

Binance Announces Restrictions on Unauthorized Stablecoins in EU to Comply With MiCA Regulations

June 4, 2024
Crypto exchange Binance announced Monday its strategy to comply with the forthcoming Markets in Crypto Assets Regulation (MiCA) stablecoin rules, set to take effect on June 30 across the European Economic Area (EEA). These regulations will restrict the issuance and offering of stablecoins to regulated companies, categorizing them as “Regulated Stablecoins.” Binance will make phased changes to…
Read more
CryptoNews

Study: Crypto Losses 28% Lower in May; Attackers Primarily Targeting Defi Platforms

June 3, 2024
In May, cybercriminals were less successful in their attacks on decentralized defi platforms, resulting in losses attributed to hacks and fraud incidents amounting to approximately $52.4 million. During the same period last year, digital assets worth $59.3 million were lost to similar attacks. Gala Games, which incurred a loss of $21 million, and Sonnefinance with $20 million, accounted for almost…
Read more
CryptoNews

South Korean Universities Face Banking Hurdles in Converting Crypto Donations to Cash – Regulation Bitcoin News

May 31, 2024
South Korea’s regulations prohibiting corporations from opening virtual asset exchange accounts are making it impossible for local universities to liquidate their large cryptocurrency donations. Financial authorities cite money laundering concerns as the reason for maintaining the ban. Education Ministry and Financial Intelligence Unit Favor Maintaining Ban South Korean universities are…
Read more
CryptoNews

Texas Issues Emergency Cease and Desist Against Arkbit's Crypto Operations

May 30, 2024
The Texas State Securities Board has issued an Emergency Cease and Desist Order against Arkbit Capital and its affiliates, Arkbit Capital Holdings, ABC Holdings LLC, and ABC Mining. These companies were found operating a fraudulent MLM cryptocurrency investment scheme. Promising daily returns of 1.6-2.8% for 120 days on investments between $50 and $49,999, they lured investors through a…
Read more