Cointelegraph By Turner Wright
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Thai SEC files police report on Zipmex, alleging ‘incomplete’ info for compliance procedures
Cointelegraph By Turner Wright - 0
Thailand’s Securities and Exchange Commission, or SEC, has accused crypto exchange Zipmex and its co-founder Akalarp Yimwilai of non-compliance with local laws and referred the matter to the police.In a Wednesday announcement, the Thai SEC alleged Zipmex had not provided information on digital wallets and crypto transactions in...
New finance minister Kwasi Kwarteng leaves crypto policy in the UK unclear
Cointelegraph By Turner Wright - 0
Recently elected Conservative Party leader and prime minister of the United Kingdom Liz Truss has appointed Kwasi Kwarteng as the country’s newest chancellor of the exchequer, or chief financial minister.In a Tuesday announcement, Truss’ office named Kwarteng as the next U.K. finance minister, replacing Nadhim Zahawi, who served...
Trademark applications for crypto, NFTs, and metaverse surge in 2022: Report
Cointelegraph By Turner Wright - 0
The number of U.S. trademarks filed related to cryptocurrencies, nonfungible tokens, Web3, and the metaverse since January have reportedly passed those in 2021.According to data compiled by intellectual property lawyer Mike Kondoudis on Tuesday, individuals and businesses filed more than 3,600 trademark applications with the United States Patent...
Basketball star for a crypto launderer? Alexander Vinnik’s lawyers considers prisoner swap: Report
Cointelegraph By Turner Wright - 0
The legal team for Alexander Vinnik, a Russian national recently extradited to the United States for his alleged role at defunct crypto exchange BTC-e, has reportedly been urging officials to consider a prisoner swap. According to a Monday report from Reuters, a lawyer representing Vinnik called on Russian foreign minister...
Crypto miner Poolin pauses BTC and ETH withdrawals, citing ‘liquidity problems’
Cointelegraph By Turner Wright - 0
Poolin, one of the largest Bitcoin mining pools by hash rate, has announced it has temporarily suspended Bitcoin and Ether withdrawals from its wallet service due to “liquidity problems.”In a Monday announcement, Poolin said its wallet service was “facing some liquidity problems due to recent increasing demands on...
Bitcoiner sentenced to federal prison warns users involved in OTC trading
Cointelegraph By Turner Wright - 0
Mark Alexander Hopkins, also known by the moniker ‘Doctor Bitcoin’ or their handle Rizzn, has claimed that “transacting Bitcoin p2p is a federal crime” after announcing the sentence in their case to social media followers.In a Sunday Twitter thread, Hopkins said that they were facing between 6 to...
UK regulators target Revolut for ‘material misstatement’ in audit: Report
Cointelegraph By Turner Wright - 0
The United Kingdom’s Financial Reporting Council has reportedly found flaws in the audit of cryptocurrency-friendly payments app Revolut tha included an “unacceptably high” risk of “material misstatement.”According to a Monday report from the Financial Times, the U.K. Financial Reporting Council criticized the results of a Revolut audit released...
More than 50% of reported Bitcoin trading volume is ‘likely to be fake or non-economic’ — Report
Cointelegraph By Turner Wright - 0
Bitcoin trading data from 157 exchanges reportedly did not match up to what companies claimed.According to an Aug. 26 report from Forbes, Javier Pax of the news outlet’s digital asset arm said there was a mismatch between the Bitcoin (BTC) trading data reported by crypto exchanges and the...
Kyber Network offers bounty following $265K hack of decentralized exchange
Cointelegraph By Turner Wright - 0
KyberSwap, the decentralized exchange built on liquidity protocol Kyber Network, has offered a hacker 15% of the funds from a $265,000 exploit as a bug bounty.In a Thursday blog post, Kyber Network said a hacker had used a frontend exploit to pilfer roughly $265,000 worth of user funds...
Crypto users push back against dYdX promotion requiring face scan
Cointelegraph By Turner Wright - 0
Many users on social media have been lambasting decentralized exchange dYdX over the identification verification process to receive a sign up and deposit bonus of $25.In a Wednesday blog post, dYdX announced that new users who deposited 500 USD Coin (USDC) for their first transactions could receive a...