NFPrompt, a content generation platform incubated by Binance Labs, disclosed a crypto security breach resulting in the loss of user and platform funds on March 15. The hackers reportedly gained unauthorized access to several wallets, including those belonging to NFP’s administrators, and stole funds. NFPrompt Hit by Crypto Security Breach: Moves to Secure User Assets...
Earlier this year, Binance quietly split from its venture capital division, Binance Labs, and established as an independent entity now valued at $10 billion. This change in operation became effective on March 15 under Binance’s newly appointed Chief Executive Officer, Richard Teng, who assumed the role four months ago. Binance Labs Severs Ties, Maintains Branding...
The Financial Services Authority (OJK), Indonesia’s financial services watchdog, released new rules on March 13 that will cover cryptocurrencies and will come into force in January 2025. OJK’s Fresh Regulation to Strengthen Crypto and Financial Industry The financial regulator released fresh directives that cover actions relating to digital financial assets like cryptocurrency. It is believed...
Binance, the world’s largest cryptocurrency exchange, has announced its plan to delist multiple TrueUSD spot trading pairs as well as a couple of BNB pairs, its native currency. The notice published on Wednesday, March 13, revealed that Binance will remove TrueUSD and BNB pairs that will include PENDLE/TUSD, COMP/TUSD, and EDU/TUSD. Additionally, the BNB duo...
Thailand approved a crypto tax break for individuals holding investment tokens on March 13 to encourage the use of these tokens for fundraising purposes. Capital gains from such holdings are now exempt from personal income tax calculations, even if a 15% withholding tax was previously applied. Thailand Approves Crypto Tax Break According to reports from the...
The South Korean gaming behemoth WeMade is hopeful that its massive blockchain gaming drive is finally starting to pay dividends, media reports claimed on March 13. Business Post claimed that the industry was “paying attention” to the firm amid the crypto bull market. South Korean Gaming Firm’s Token Booming WeMade began its ambitious crypto pivot...
The U.S. Department of Justice has initiated a legal move to seize $2.3 million in cryptocurrency, funds that are traceable back to an elaborate “pig butchering” scam. According to the official press release by the U.S. Attorney’s Office, District of Massachusetts, the authority filed a civil forfeiture action to recover the funds connected to an...
European Union (EU) lawmakers have taken decisive action to bolster efforts to tackle sanctions violations, including those involving cryptocurrencies. The new rules tighten the EU’s stance on digital assets, particularly cryptocurrencies, highlighting the urgent need for a unified approach with standardized definitions and penalties for violations. EU Parliament Bolsters Sanctions, Tightens Grip on Crypto with...
Russian crypto regulation may be delayed until 2025, as decision-makers in the nation prioritize other matters. Per the media outlet Arigus, the Chairman of the State Duma’s Committee on the Financial Markets, Anatoly Aksakov, believes that the “legalization of cryptocurrencies in the Russian Federation is only a matter of time.” However, Aksakov conceded that the...
The videogame developer Studio369’s has successfully raised $5 million in the latest funding round for its upcoming web3 MMO, MetalCore. As detailed in the press release provided to Cryptonews.com, the March 12 funding round saw contributions from notable investors such as Delphi Digital, BITKRAFT Ventures, and Sanctor Capital alongside other backers supporting Studio369’s vision. Additional...