Jimbos Protocol

Jimbos Protocol on Arbitrum Platform Falls Victim to Hack, Losing $7M in Ethereum

The attacker exploited the absence of safeguards in liquidity conversions, allowing them to steal the funds. Adding to the growing list of protocol hacks in the cryptocurrency industry, Jimbos Protocol has become the latest victim of attackers, resulting in a significant loss of funds. Blockchain security firm PeckShield reported that Jimbos Protocol, a liquidity protocol…

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Binance Announces Suspension of Crypto Services in Japan by November 30

Binance to Discontinue Services for Japan Residents, Plans Launch of Binance Japan in Compliance with Regulations. Binance, the largest cryptocurrency exchange, has announced that it will stop providing crypto services to people in Japan starting from November 30, 2023. This move is part of Binance’s efforts to follow regulatory requirements and ensure compliance in the…

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South Africa Crypto

Crypto Firms in Fear as South Africa Implements New Registration Requirement

South Africa’s Crypto Firms Required to Register or Face Severe Penalties In an effort to regulate the cryptocurrency industry, crypto companies in South Africa must now seek a license from the Financial Sector Conduct Authority (FSCA) within six months starting from June 1, 2023. Failure to register within this timeframe may lead to a penalty…

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Withdrawals Suspended by Nigerian Crypto Company following BTC and Naira Compromise : Patricia

As users voice concerns on social media, Nigerian crypto company initiates asset recovery and reinforces security measures after BTC and Naira compromise. Nigerian platform Patricia, known for gift card and crypto trading, faces security breach. Steps taken to protect users, including temporary suspension of fund withdrawals. The company reported a security breach that resulted in…

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Gemini Fights SEC Lawsuit, Seeks Dismissal Over Earn Product

Gemini takes legal action against Digital Currency Group (DCG) over $630 million loan default The U.S. Securities and Exchange Commission (SEC) has taken legal action against cryptocurrency exchange Gemini and insolvent lender Genesis. The complaint, filed on May 26, accuses both entities of selling investments through their earn product without proper registration, which violates securities…

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Binance and Gulf Innova Collaborate to Launch Crypto Exchange in Thailand in Q4 2023

Binance and Gulf Innova have obtained licenses in Thailand to launch a new cryptocurrency exchange. Binance, the cryptocurrency exchange, is expanding its presence globally and has recently gained regulatory approvals in Thailand. Gulf Binance, a collaboration between Binance and Gulf Innova (Gulf Energy’s innovation arm), has obtained licenses from Thailand’s Ministry of Finance to operate…

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EU Regulator Calls on Crypto Firms to Disclose Regulatory Status of Products

Investment Firms Reminded by ESMA: Crypto to Remain Unregulated in Many Places Despite New Regulations. In a recent announcement, the European Securities and Markets Authority (ESMA) drew attention to crypto assets and emphasized to companies that although regulations are being developed, crypto will continue to lack regulation in many regions. ESMA conveyed the following message:…

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Binance Halts Trading of Bitcoin and Other Cryptocurrencies in Australian Dollars (AUD)

Binance Continues to Halt Trading of Cryptocurrencies against Australian Dollar (AUD). Binance, the biggest cryptocurrency exchange globally, announced on Friday that it will be removing additional trading pairs against the Australian Dollar (AUD) from its platform. This decision follows the recent discontinuation of support for numerous cryptocurrencies paired with AUD. The move comes in response…

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