The grant is designed to ease the financial burden on affected individuals and will equal the USD equivalent of the assets lost in the security breach.
Cryptocurrency Exchange News
Cryptocurrency exchanges are an integral part of how people and institutions access Bitcoin (BTC) and other digital assets, yet these services didn’t arrive until over a year after Bitcoin’s launch.
In the early days, the predominant means of acquiring Bitcoin was by either mining or direct, peer-to-peer exchange. When the first crypto exchange, BitcoinMarket.com, launched in spring 2010, people could finally access the burgeoning cryptocurrency industry without technically demanding mining, risky P2P deals or the critical responsibility of key management.
Cryptocurrency exchanges can be incredibly lucrative, daunting, risky enterprises, as they navigate a rapidly maturing industry, shifting regulatory frameworks and adversaries looking for any vulnerability.
Nevertheless, exchange platforms will continue to be critical to the industry, as they provide the primary bridges between the world of fiat and the world of crypto.
Initially, the SEC, led by attorney Michael Welsh, had convinced the court to freeze DEBT Box’s assets, arguing the company was moving to Dubai, beyond U.S. regulatory reach.2279
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.652612
Bitcoin price is up today as traders push BTC to a 2023 high at $38,800 and new information about potential spot BTC ETF approvals emerges.230834
Bitcoin price hit a new 2023 high on Dec.1 and multiple altcoins are following suit. Is the crypto market preparing for a Santa Claus rally?4857
The funding will support TON ecosystem projects, research and development efforts, community-building and marketing activities.1793
The requests are increasing in number and coming from more jurisdictions every year.2290
Bitcoin price is down today as U.S. regulators crack the whip on centralized exchanges and BTC retests the key $37,500 level.170310
“It’s business as usual,” Nansen wrote in evaluating Binance’s data.2216
Eligible participants can withdraw 72.5% of their cryptocurrency holdings minus transaction fees.5200
Fasset has been granted a Virtual Asset Service Provider (VASP) license from regulators in Dubai, allowing it to perform broker-dealer services legally in the emirate.2105
The new rules would make crypto income from exchanges outside Brazil taxable at the same rate as local income.11329
The Bitcoin futures annualized premium jumped to 34% on Nov. 28, leading analysts to speculate about an imminent spot BTC ETF approval.10802
Many users' Binance USD balances will automatically be converted into First Digital USD starting on Dec. 31.14961
Bitcoin is struggling to sustain above $38,000, but the bulls have not given up much ground, which some analysts say increases the chance of a rally to $40,000.4418