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Kraken Verifies $21.5 Billion in Client Assets with Latest Proof of Reserves
- An independent audit verified Kraken’s full asset backing for BTC, ETH, SOL, USDC, USDT, and XRP.
- The firm uses a Merkle Tree structure to allow clients to verify their balances in the Proof of Reserves report.
Monday, 04/11/2024 | 17:54 GMT by
Tareq Sikder
11 Crypto Platforms Under Review as Hong Kong Faces Criticism on Strict Regulations
- The SFC plans to approve more cryptocurrency exchanges in Hong Kong by the end of 2024.
- Despite efforts to attract major players, OKX and Bybit withdrew their applications.
Tuesday, 08/10/2024 | 08:40 GMT by
Tareq Sikder
Crypto Exchanges in AU Require Financial Licenses Starting in 2024: ASIC Expands Act
- Australian regulators will require crypto exchanges to obtain financial licenses by November 2024.
- ASIC’s Alan Kirkland outlined new crypto regulations at the AFR Crypto and Digital Assets summit.
Monday, 23/09/2024 | 08:47 GMT by
Tareq Sikder
OKX Gains Singapore License; Onboards Former Regulator as Local CEO
- The MPI license will allow the exchange to offer crypto trading, along with other services in the region.
- Gracie Lin, the new CEO of the Singapore unit, worked at MAS for a decade earlier.
Monday, 02/09/2024 | 07:12 GMT by
Arnab Shome
Binance.US Faces Setback as Appeals Court Validates HEX Token Manipulation
- Ninth Circuit disagrees with district court, finds valid claims in HEX price manipulation case.
- Binance.US and CoinMarketCap face renewed legal scrutiny after appeals court ruling.
Tuesday, 13/08/2024 | 07:13 GMT by
Tareq Sikder
Mt. Gox Prepares to Roll Out Repayments to Defunct Users in BTC and BCH
- The firm will repay defunct users after confirming details with certain crypto exchanges.
- The rehabilitation trustee has announced that repayments will be processed starting July 2024.
Monday, 24/06/2024 | 09:51 GMT by
Tareq Sikder
Dutch Crypto Companies Secure Partial Legal Victory against Regulators' Fees
- The court has declared that supervisory costs imposed on crypto firms for the year 2021 were unlawful.
- The Rotterdam court's decision might have broader ramifications for cryptocurrency oversight in the Netherlands.
Thursday, 05/10/2023 | 11:26 GMT by
Tareq Sikder
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