Kraken reports a $3M crypto withdrawal by @CertiK’s ethical hackers due to a critical bug, promptly fixed to secure client funds. Dispute arises over delay and compensation demands. Highlights need for clear protocols in #cryptocurrency security. #Update
India’s Financial Intelligence Unit fined @Binance $2.25M for AML violations and not registering with the FIU. Binance hasn’t responded publicly. This highlights the importance of regulatory compliance in India’s booming crypto market. #CryptoNews
Binance (@binance) appeals a $4.4M fine from Canada’s FINTRAC for AML violations, claiming services weren’t aimed at Canadians. Recently exited Canadian market due to regulatory issues. Faced legal battles in multiple countries. #CryptoRegulation
North Dakota revoked @BinanceUS’s money transmitter license due to non-compliance and founder Changpeng Zhao’s legal issues. This action highlights Binance.US’s inadequate anti-money laundering measures. Other states, including Alaska and Oregon, have taken similar steps. #CryptoRegulation
Kraken’s CSO, Nick Percoco, disclosed a $3M loss due to a funding system bug exploited in June. The issue emerged from a UX change allowing premature crediting of client accounts. #CryptoSecurity #Update
Binance Labs has invested in decentralized exchange Rango to boost DeFi infrastructure and reach. Rango, supporting over 60 blockchains with $3B in transactions, partners with @TrustWallet, Exodus, Binance Web3 Wallet, and Compound. Goals: better infrastructure, more blockchains, 1B users. #Update
Circuits of Value ($COVAL) plunged 41% to $0.01 after @coinbase announced its suspension. Market cap stands at $18.4M, ranking 892nd. Daily trading volume surged 2,760% to $6.75M amid accusations of price manipulation. #Crypto #Update
Binance to list USD-M and COIN-M Quarterly 1227 Delivery Contracts on June 28, 2024, including $BTC, $ETH, $BNB, $ADA, $LINK, $BCH, $XRP, $DOT, and $LTC. Max leverage up to 50x for BTC & ETH. #Update
Brazil’s Receita Federal intensifies scrutiny on international crypto exchanges like @Binance, @Coinbase, and Kraken to ensure compliance with local tax laws and anti-money laundering regulations. Crypto holdings in Brazil surged to $24.6B in 2023. #Update #Crypto
Uniswap generates nearly $100M in fees over the past month, doubling any other DEX, per Token Terminal. This places Uniswap DAO at the top, surpassing PancakeSwap, Aerodrome, Uniswap Labs, and GMX combined. #DeFi #Update
Base Network hits a milestone with 267,000 DEX users, surpassing BNB Chain, driven by a booming meme coin market issuing 380,000+ ERC-20 tokens. With $1.582B TVL, Base ranks 7th among networks. Vitalik Buterin calls Layer 2 solutions crucial for Ethereum’s future. #Update
Shiba Inu Coin ($SHIB) is now supported for @cryptocom Visa card funding, joining $BTC and $ETH. Despite a recent 11% price drop, SHIB trading volume surged 124% to $598.2M, highlighting strong community engagement. #Update
Coinbase is introducing a feature for international and advanced exchanges that lets users trade futures contracts on tokens before launch. Traders can take long or short positions with up to 2x leverage on unlaunched tokens. #CryptoNews
.@Bybit_Official integrates Apple Pay, allowing users to fund transactions securely on iPhone, iPad, and Mac. The Bybit card converts crypto to fiat for payments and ATM withdrawals. Buy crypto fee-free until July 1, 2024. #CryptoNews #Update
