Category cryptocurrency

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IT Workers From North Korea Have Been Infiltrating DeFi Platforms for Past 7 Years

A security researcher claims North Korean IT workers have been involved in building and infiltrating DeFi platforms for years. The revelation follows a major exploit linked to a DPRK group and highlights growing concerns over state-backed cyber threats. Experts warn that such operations rely on long-term social engineering and insider access to compromise critical sys...

CFTC-FTX Settlement: Former FTX Executive Nishad Singh to Pay $3.7 Million, Faces Trading Ban

Former FTX engineering chief Nishad Singh has been fined $3.7 million and handed trading and registration bans by the US CFTC. The settlement relates to his role in the exchange’s collapse and misuse of customer funds. Regulators cited his cooperation in the investigation while highlighting the broader push to strengthen oversight and accountability in the crypto se...

Australia Mandates Financial Services Licences for Crypto Exchanges Under New Bill

Australia has introduced a new bill mandating financial services licences for cryptocurrency exchanges operating in the country. The move aims to align digital asset platforms with traditional financial regulations, improve investor protection, and enhance market transparency. Exchanges will be required to meet compliance and disclosure standards as regulators strengt...

Hong Kong Misses March Target for Stablecoin Licences, HKMA Yet to Approve Issuers

Hong Kong has not issued any stablecoin licences despite earlier expectations of approvals by March. The Hong Kong Monetary Authority is still reviewing applications, with no issuers listed on its official register. The delay reflects a cautious regulatory approach as authorities focus on compliance, business models, and financial stability while positioning the regio...

Bitcoin Slides to $66,500 as Profit Booking, Macro Risks Weigh on Sentiment

Bitcoin traded near $66,500 on April 2, as profit-taking and macro uncertainty weighed on sentiment. Analysts highlighted a narrow trading range with support near $65,000 and resistance around $69,000. ETF inflows offered limited support, while altcoins declined broadly. Experts said global developments and upcoming economic data will continue to guide short-term mark...