Alexander Vinnik, co-founder of BTC-e, is a Russian citizen who is currently being held in the United States on charges of money laundering. The U.S. Department of Justice alleges that Vinnik’s exchange aided ransomware attacks, identity theft schemes, and drug trafficking. BTC-e, which was founded in 2011, was seized and halted by U.S. authorities in
Exchanges
Gemini co-founders Cameron and Tyler Winklevoss are reportedly contemplating opening a second headquarters in the United Kingdom. The move comes as the company looks to expand its business footprint outside of the United States due to increased regulatory scrutiny. The founders recently met with officials from the Financial Conduct Authority (FCA) and Bank of England
OPNX’s bankruptcy tokenization product is set to launch for Celsius users in a week. This offering will enable users with funds locked on defunct crypto platforms to unlock their value. This development comes after the exchange went live on April 4, providing spot and derivative trading, but with no rollout date for its main bankruptcy
UPbit, a leading South Korean cryptocurrency exchange, announced that the Digital Asset Exchange Association (DAXA) had removed investment warnings on KAVA and WAVES and resumed deposits for these assets. Earlier, DAXA had issued warnings about KAVA and WAVES after stablecoins linked to them were discovered to be “not normally linked to 1 dollar”. The South
The Securities Commission (SC) of Malaysia has ordered Huobi, a cryptocurrency exchange, to stop operating in the country for failing to register as a digital asset exchange (DAX). As per the Capital Markets and Services Act 2007, all exchanges must obtain licensing from Malaysia’s SC as a Recognised Market Operator (RMO), and Huobi’s failure to
Westpac, the oldest bank in Australia, has banned cryptocurrency transactions to certain exchanges as part of a trial to reduce scam losses. The bank said that investment scams constitute a significant proportion of scam losses, with one-third of all scam payments transferred to cryptocurrency exchanges. The Australian Competition and Consumer Commission’s Scamwatch also reported that
Coinbase Cloud, the Web3 infrastructure branch of Coinbase, has announced that it will become a Chainlink (LINK) oracle node operator to improve smart contract security. In a statement shared with CryptoSlate on May 18, Coinbase Cloud revealed that Chainlink plays a critical role in providing real-world data for web3 through decentralized Oracle networks. Many Web3
OKX, a cryptocurrency exchange, has announced that its wallet will soon support Bitcoin (BTC) Ordinals and BRC-20 tokens trading. In a statement released on May 16, the exchange stated that it will allow support for BRC-20 token trading and BTC cross-chain swap this week, with support for Ordinal inscriptions and token casting to follow in
Justin Sun, the founder of Tron (TRX), has accused Li Wei, the brother of Huobi exchange founder Li Lin, of obtaining Huobi Tokens (HT) for free and selling them for millions on the platform. Sun made these allegations on Twitter, stating that Wei received the HT tokens at no cost when they were initially distributed
Binance, a major cryptocurrency exchange, announced on May 12 that it will be halting operations in Canada. The company stated that it is joining other crypto companies who are “proactively withdrawing from the Canadian marketplace.” Despite Canada being a small market with sentimental value, Binance explained that recent regulatory guidance in the country has made