Bybit Becomes Latest Exchange to Exit Canada
- Bybit is the latest exchange following Binance and OKX to announce its departure from the Canadian market due to “recent regulatory development”.
- Canadian nationals will no longer be able to open new accounts starting Wednesday, while existing users have until 30 September to withdraw their assets from the platform.
a day ago
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MiCA Regulation Approved by EU Finance Ministers
- The Economic and Financial Affairs Council of the EU, which is comprised of finance ministers of all 27 member states, unanimously approved the MiCA crypto regulation.
- The EU’s finance ministers also also gave their consent to new measures that will allow tax authorities to collect data on individuals’ cryptocurrency holdings.
May 16, 2023, 12:20 PM
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Genesis Bankruptcy Plan Disrupted by New Creditor Demands
- Genesis reached an “agreement in principle” with DCG and its creditors back in February, which would have seen creditors recover roughly 80% of their funds.
- A group of creditors has now moved away from that agreement, forcing Genesis to request a court appointed bankruptcy mediator.
April 25, 2023, 3:57 PM
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Korean District Court Says LUNA Not a Security
- A district court in South Korea ruled that the token was not a security, noting that it was “difficult to see LUNA as financial investment product regulated by the Capital Markets Act”.
- Using this decision, the court dismissed the prosecution’s request to confiscate properties owned by Terraform Labs’ co-founder Hyun-seung Shin.
April 24, 2023, 3:17 PM
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Apr 24, 2023
KuCoin Twitter Account Hacked, Exchange to Reimburse Losses
- The Twitter account of the crypto exchange was compromised for roughly 45 minutes on Monday, resulting in 22 transactions connected to the hack.
- KuCoin has calculated that the total asset losses were 22,638 USDT, and noted that it will fully reimburse users affected in the incident.
Apr 20, 2023
European Parliament Approves MiCA Legislation
- Lawmakers in the European Parliament voted 517-38 in favor of the MiCA legislation, which aims to establish harmonized rules for crypto in the EU.
- The crypto regulatory package still needs the approval of the European Council, but it is expected to come into force in 2024.
Apr 20, 2023
Deribit to Launch Zero-Fee Spot Trading
- The largest crypto options exchange, Deribit, will launch zero-fee spot trading for ETH/BTC, ETH/USDC, and BTC/USDC on 24 April.
- The move comes only a month after crypto exchange Binance terminated its own zero-fee trading campaign for 13 trading pairs.
Apr 19, 2023
Hong Kong Court Recognizes Crypto as Property
- The decision has placed Hong Kong in line with other common law jurisdictions that had previously ruled crypto had the same attributes as property.
- This will give liquidators in Hong Kong greater clarity on how to handle crypto held by companies that are winding down.
Apr 13, 2023
Twitter to Offer Crypto Trading in Partnership With eToro
- The new partnership will expand on Twitter’s $Cashtags feature, which currently shows price data for a few chosen assets, and provide a wider range of crypto and stock prices.
- Twitter will also direct users to the investment platform through a “view on eTroro” tab, where they will be able to purchase or sale assets of their choice.
Apr 4, 2023
Exploiter Returns 90% of “Recoverable Funds” to Euler Finance
- The remaining $31 million worth of crypto assets were returned late on Monday, marking a successful end to Euler Finance’s recovery efforts.
- The total value of assets returned is a little over $177 million, which is 90% of the “recoverable funds” after adjusting for the 10% bounty previously offered.