operating

Chinese Crypto Exchange BitZ Announces Closure as Crackdown Continues

Source Node: https://beincrypto.com/4-year-old-chinese-crypto-exchange-announces-closure/
Time Stamp: October 8, 2021 2:09 PM - Modified On: October 8, 2021 - Published By:
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Amidst another major crypto clampdown in China, the 4-year old Chinese exchange BitZ shutters its operations. Sponsored Sponsored The cryptocurrency exchange BitZ announced its closure after four years of operating one of the most popular online exchanges. It stated “policy and regulatory requirements” as the reasons behind its latest development.  While the actual closure date is set for October 21, 2021, the exchange said it suspended new user registration and KYC earlier. Those operations stopped on Mainland China back on September 26, 2021. However, only a few days prior the exchange

How Binance Helps Legal Authorities Take Down Cybercriminals Laundering Illicit Funds

Source Node: https://news.bitcoin.com/how-binance-helps-legal-authorities-take-down-cybercriminals-laundering-illicit-funds/
Time Stamp: September 30, 2021 9:00 AM - Modified On: September 30, 2021 - Published By:
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sponsored According to the latest UN statistics, global money laundering transactions reach up to $2 trillion a year. A small fraction of that huge amount passes through the digital assets ecosystem, and responsible actors in it are working to bring that down even more. As the world’s leading cryptocurrency exchange, Binance has especially taken it upon itself to protect the safety and security of the virtual finance world. Here is how it helps legal authorities to take down cybercriminals laundering money. Busting the $500 Million FANCYCAT Ring In June 2021,

White hat hacker paid DeFi’s largest reported bounty fee

Source Node: https://cointelegraph.com/news/white-hat-hacker-paid-defi-s-largest-reported-bounty-fee
Time Stamp: September 30, 2021 8:55 AM - Modified On: September 30, 2021 - Published By:
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Belt Finance, an automated market maker (AMM) protocol operating a yield optimization strategy on Binance Smart Chain (BSC), claims to have paid the largest bounty in the history of decentralized finance (DeFi) to a whitehat hacker who averted a $10 million bug crisis. Industry whitehat programmer Alexander Schlindwein discovered the vulnerability in Belt Finance’s protocol this week and reported the news to the team. For his efforts, Schlindwein received a generous compensation of $1.05 million, the majority of which ($1 million) was granted by Immunefi, with the additional $50,000 offered by

This crypto ad exec tells us how the industry will evolve and why transparency is so important

Source Node: https://cryptoslate.com/this-crypto-ad-exec-tells-us-how-the-industry-will-evolve-and-why-transparency-is-so-important/
Time Stamp: September 28, 2021 6:00 AM - Modified On: September 28, 2021 - Published By:
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CryptoSlate recently had the opportunity to chat with Milo McCloud, the co-founder of Paradox Group, a well-known crypto advertising firm that works with some of the biggest names in blockchain.What is the professional background of the Paradox founders and what is their previous experience in crypto?I am a blockchain, fintech, and cryptocurrency specialist focusing on growth opportunities for companies in these sectors.Prior to co-founding Paradox Group, I worked in investment sales and marketing, as well as having represented Great Britain in Alpine Skiing as an international athlete.My co-founder, Paul Burnham,

Gemini ‘Aggressively Hiring’ with Over 200 New Crypto Job Openings

Source Node: https://beincrypto.com/gemini-aggressively-hiring-200-crypto-job-openings/
Time Stamp: September 27, 2021 4:08 AM - Modified On: September 27, 2021 - Published By:
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The Gemini cryptocurrency exchange is growing its workforce with a massive recruitment push that is aiming to bring on 200 new hires.Sponsored Sponsored According to a new report from Forbes, Gemini is “growing fast” and “aggressively hiring” with the company’s director of talent Jonathon Tamblyn, stating that the exchange is searching for more than 200 new hires at present. Tamblyn makes it clear that the company is not just looking for those with previous experience in the cryptocurrency sector, explicitly stating that it is not a prerequisite.Sponsored Sponsored This comes

Cryptocurrency Exchanges Seek Employees to Solve Regulatory Issues

Source Node: https://coinidol.com/cryptocurrency-exchanges-seek-employees/
Time Stamp: September 25, 2021 7:11 AM - Modified On: September 25, 2021 - Published By:
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Sep 25, 2021 at 11:11 // News Many cryptocurrency exchanges have had problems with financial regulators in different countries. Some of them have had to shut down or move their operations to other countries. Others have been forced to look for ways to deal with supervisors and improve compliance. In 2021, cryptocurrency exchange Binance had numerous issues with regulators in different countries. As reported by CoinIdol, a world blockchain news outlet, it was charged and sanctioned by the Japanese Financial Services Agency (FSA) for allegedly conducting illegal business. Later, the

Fake News Moves Market | This Week in Crypto – Sep 20, 2021

Source Node: https://99bitcoins.com/bitcoin-news-summary-sep-20-2021/
Time Stamp: September 20, 2021 1:00 AM - Modified On: September 20, 2021 - Published By:
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 Fake Walmart news crashes the crypto market, Revolut pays for office space in Bitcoin and a statue for Satoshi. These stories and more this week in crypto. A press release claimed early this week that Walmart had partnered with popular altcoin Litecoin. The news was widely celebrated by crypto fans, and the price of Litecoin along with the rest of the crypto market surged heavily in minutes. However, within an hour, both Walmart and the Litecoin Foundation denied any relationship, that news quickly crashing the market. The cryptocurrency-infused financial

Pledge: NFT-based fixed lending protocol announces successful Fundraise

Source Node: https://ambcrypto.com/pledge-nft-based-fixed-lending-protocol-announces-successful-fundraise/
Time Stamp: September 14, 2021 4:15 AM - Modified On: September 14, 2021 - Published By:
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Pledge Finance, an algorithm-driven, multi-chain decentralized finance (DeFi) ecosystem, is announcing the launch of an NFT-powered structured collateralized lending platform targeted at the traditional financial sector. The Binance Smart Chain (BSC) based platform will be fully interoperable with other public chains, meaning other DeFi platforms will be able to interact with Pledge’s numerous product and service offerings.  Pledge Bridges the Gap Between DeFi and Finance Pledge Finance will include liquidity pools which will act as money markets so that users can exchange cryptocurrencies without the need for a centralized exchange.

FTX Bags Naming Rights Of Cal Memorial Stadium For $17.5M To Display Their Brand

Source Node: https://www.newsbtc.com/news/ftx-bags-rights-of-cal-memorial-stadium/
Time Stamp: August 28, 2021 6:19 PM - Modified On: August 28, 2021 - Published By:
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Cal Memorial Stadium has sold its naming rights to FTX during its second vital branding move. This venture was put forward after the purchase of the Miami Heat Arena’s naming rights in March. FTX is a Crypto derivative exchange that bought the Cal Memorial Stadium from California University. This move by FTX aims to introduce its brand to the stadium. This derivatives exchange owned by Sam Bankman-Fried is exploring further in sports. That is why; they have made a 10 year deal of $17M just for the university’s stadium naming

Spain: Here are the latest regulatory requirements for crypto-exchanges

Source Node: https://ambcrypto.com/spain-here-are-the-latest-regulatory-requirements-for-crypto-exchanges/
Time Stamp: August 27, 2021 2:30 PM - Modified On: August 27, 2021 - Published By:
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Spain’s central bank is all set to roll out the new registration process for crypto-exchanges by September-October. Exchanges, along with crypto-asset custody platforms and wallets, will be required to register with authorities in order to comply with legal requirements. This, the institution believes, will address transparency and terrorism financing issues. The aforementioned steps are mandated by the Prevention of Money Laundering and Financing of Terrorism Law. It was passed by the Spanish parliament last year. Subsequently, this provision was included in Royal Decree-Law 7/2021. It gives a period of six

Tai Hing Announces 2021 Interim Results

Source Node: https://www.acnnewswire.com/press-release/english/69066/
Time Stamp: August 27, 2021 7:50 AM - Modified On: August 27, 2021 - Published By:
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HONG KONG, Aug 27, 2021 - (ACN Newswire) - Tai Hing Group Holdings Limited ("Tai Hing Group" or the "Group"; stock code: 6811), a multi-brand casual dining restaurant group with roots in Hong Kong and a network of more than 220 restaurants in Hong Kong, Mainland China, Macau, and Taiwan, has just announced its interim results for the six months ended 30 June 2021 ("1H2021" or the "Review Period").RESULTS HIGHLIGHTS-- Revenue increased by 16.4% to HK$1,532.7 million in 1H2021 (1H2020: HK$1,316.9 million) though both markets in Hong Kong and Mainland China still saw challenges