Recent revelations from on-chain investigator ZachXBT shed light on the troubling world of social engineering scams targeting Coinbase users, with losses exceeding $300 million annually. This staggering figure reflects the vulnerabilities existing within one of the leading cryptocurrency exchange platforms. As victims share their harrowing experiences on social media, it becomes evident that not only
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In a decisive move, Malaysia’s Securities Commission (SC) has mandated that Bybit, a well-known cryptocurrency exchange, and its CEO Ben Zhou shut down all operations within the country. This action underscores the persistent issues surrounding regulatory compliance that have plagued the crypto industry globally. The SC’s recent announcement explicitly cites Bybit’s inability to obtain the
In a significant move to enhance user experience, Coinbase has integrated Apple Pay into its Coinbase Onramp service as of December 2, 2023. This integration not only reflects Coinbase’s commitment to evolving crypto accessibility but also aims to simplify the process for users who wish to convert their fiat currencies into cryptocurrencies. Historically, many potential
The cryptocurrency space in the UK continues to exhibit a dynamic trajectory, as highlighted by the recent findings from the Financial Conduct Authority (FCA). This growing interest among the population not only raises questions about the implications of increased ownership but also about the pressing need for regulatory frameworks that could potentially transform this volatile
The Australian financial landscape is undergoing a pivotal transformation as the Australian Securities and Investments Commission (ASIC) gears up to enforce a licensing framework for cryptocurrency service providers. This shift comes in response to escalating concerns about consumer protection amid a surge in fraudulent activities associated with digital assets. On September 23, ASIC Commissioner Alan
Australia’s Securities and Investment Commission (ASIC) has taken decisive action in shutting down a significant number of crypto scam websites over the course of the past year. In a statement released on August 19, ASIC revealed that a total of 615 scam websites had been closed down as part of a broader effort to combat
Binance has recently achieved a significant regulatory milestone by registering with India’s Financial Intelligence Unit (FIU-IND). This move, as reported on Aug. 15, marks an important step for the crypto trading platform in expanding its compliance to 19 jurisdictions, the highest number among similar platforms. The registration with FIU-IND underscores Binance’s commitment to upholding anti-money
Bitcoin, the pioneer cryptocurrency, has had a tumultuous journey over the past few years. With its price hitting an all-time high of $20,000 two years ago, many believed that it would never revisit this level again. However, according to one analyst, the possibility of Bitcoin falling back to $20,000 is not something that can be
The recent turmoil in Venezuela following controversial presidential election results has led to restrictions on access to the Binance website by the Venezuelan government. Binance, one of the largest cryptocurrency exchanges globally, confirmed on August 10 that their website, along with several other companies’ websites in Venezuela, faced access restrictions. This has raised concerns among
The Bitcoin price hit an all-time high of $73,400 in March 2024 but has since retraced and remained below that high for the past four months. Despite this, there are high expectations that the price will eventually recover and reach a new all-time high. Analyst Prediction Crypto analyst “Melikatrader94” on TradingView has predicted another run