Cryptocurrency
Stablecoins
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
LUNA

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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.

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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.
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