Exchanges news
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Markey Demands AI-Free Google Search Option for Schools
Google says schools will be able to enable Search and Gemini separately, but AI Overviews remain built into Search.... Read the full story at The Defiant
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North Korean hackers create memecoins to launder funds from Binance hack: Elliptic
The blockchain firm traced stolen funds through six new tokens on NEAR, where hackers used liquidity pools to obscure transfers between wallets.
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Robinhood backs tokenization of its stock on OKX–ICE platform even as most companies opt out
The brokerage firm said it would rather help build tokenized markets than sit on the sidelines, following a wave of early corporate pushback to the Intercontinental Exchange and OKX joint venture.
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Binance Hack Launderers Mint Elon Musk and Animal Meme Coins to Move Stolen Crypto
Elliptic says the hackers are minting their own worthless tokens—complete with cartoon animal and Elon Musk logos—and routing stolen funds through liquidity pools to break the trail.
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Mercado Bitcoin begins post-hack reopening without a timeline for withdrawals
Customers can view their pre-hack balances as access returns in phases. The exchange has yet to say when withdrawals will resume.
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North Korea launders Binance funds with Elon Musk memecoin, report
North Korea-linked hackers who stole $6.4 billion from the world's biggest crypto exchange Binance are reportedly laundering the stolen funds using TRON, Solana, and NEAR-based memecoins. Crypto security analysts at Elliptic claim to have linked around $430,000 worth of NEAR to the creation of six...
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North Korea Is Minting Its Own Meme Coins to Launder Binance Hack Loot
Bitcoin Magazine North Korea Is Minting Its Own Meme Coins to Launder Binance Hack Loot North Korean launderers are creating their own worthless meme coins and pushing stolen Binance funds through them so the coins never move directly from one wallet to another, blockchain analytics firm Elliptic...
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Coinbase and PNC Bank expand partnership with USDC payments for corporate clients
PNC Bank is piloting USDC payment acceptance for corporate and institutional clients through its expanded partnership with Coinbase.
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Binance hack launderers mint homemade Elon Musk, animal memecoins to move stolen funds: Elliptic
Elliptic says the extra swaps slow investigators down, but the stolen funds remain traceable onchain.
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Binance to Close Accounts in Four EU Countries Dec. 31, Charging Idle Balances From Nov. 29
Bitcoin Magazine Binance to Close Accounts in Four EU Countries Dec. 31, Charging Idle Balances From Nov. 29 Binance will close customer accounts in France, Spain, Italy and Poland on Dec. 31 and begin charging a monthly fee on leftover balances from Nov. 29, as the world's largest crypto exchange...
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North Korean hackers are creating memecoins to wash loot from $6.3 billion Binance hack
North Korean hackers used six homemade memecoins to launder 117,000 NEAR, worth about $430,000, from the $6.3 billion Binance hack, Elliptic says.
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Kraken’s Dave Ripley: “That Was the Bear Market” and Bitcoin Is “On Our Way Out of It”
▶ Bitcoin Magazine Kraken's Dave Ripley: “That Was the Bear Market” and Bitcoin Is “On Our Way Out of It” Is the Bitcoin bear market already over? Kraken co-CEO Dave Ripley says the move back above $80K makes him think “that was the bear market,” and that it may be the softest bear market in...
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Coinbase Wins Full Federal Trust Charter From OCC
Bitcoin Magazine Coinbase Wins Full Federal Trust Charter From OCC Coinbase has won a full national trust bank charter from the Office of the Comptroller of the Currency, upgrading the conditional approval it received in April and putting its institutional custody business under direct federal...
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Analysts see no broader ‘contagion’ from $6.3B Binance hack
Binance’s pledge to cover all user losses helped contain the fallout from the $6.3 billion hack, analysts said.
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NYSE picks Avalanche to settle tokenized stocks amid Wall Street's blockchain race
Avalanche will serve as the core settlement ledger for the exchange's planned blockchain stock market
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Mercado Bitcoin Begins View-Only Reopening After Hack
The exchange says it is replacing stolen assets with company funds, while payments and trading will return in later phases.... Read the full story at The Defiant
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The $2.85B Binance hackers lost shows why the UK needs stablecoin freeze rules
The Binance hack proved stablecoin freezes work. Now the UK should make clear freeze rules a condition of listing coins.
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Binance faces renewed scrutiny as CFO exits amid compliance turmoil
The resignation of Binance's chief financial officer (CFO) Kaiser Ng just nine days after North Korean hackers dra i ned $6.3 billion from the exchange has raised eyebrows on social media. Ng's original resignation announcement earned half a million impressions on X, plus a quarter of a million via...
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Poland’s Lower House Backs Crypto Freezes Under Broader Sanctions Bill
Listed customers could lose access to exchange-held assets before a court reviews their designation, and an appeal would not automatically lift the restrictions.... Read the full story at The Defiant
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Coinbase Joins Circle, Ripple With Final OCC Approval for Federal Trust Bank Charter
The exchange will move its institutional crypto custody business under federal oversight, building on its 2018 New York trust charter.
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Coinbase’s US national trust bank charter takes effect
Coinbase plans to expand its institutional crypto custody business under the federal charter and is exploring digital asset payment products.
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Coinbase gets full U.S. trust charter from federal banking regulator
The Office of the Comptroller of the Currency elevated the biggest U.S. exchange's trust status from conditional to a full-fledged charter, the company said.
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Binance, Tether and Trump crypto firms face Senate records deadline
Sen. Richard Blumenthal asked four crypto firms to start sending records by Nov. 30 and warned of further action if they miss the Jan. 4 deadline.
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Binance Says 335.9 Million-Record Breach Claim Is Likely a Scam
The exchange cites inconsistencies in a listing seeking $900,000 for purported identity documents, credentials and private keys.... Read the full story at The Defiant
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Zcash devs propose another block time cut days after NU7 upgrade
The proposed reduction aims to shorten transaction confirmation times and improve the user experience for point-of-sale payments, exchange deposits and cross-chain swaps.
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Binance's bitcoin mining pool finds just one block in a week as shutdown nears
The exchange's once significant mining operation has nearly disappeared from Bitcoin's block-production rankings ahead of its November 10 closure.
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Blumenthal Sets Jan. 4 Deadline for Binance, Tether and Trump Crypto Firms
The senator warned of alternative measures to secure records, but his current ranking-member position does not give him unilateral subpoena authority.... Read the full story at The Defiant
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Binance France emails announce closure of its users’ accounts on Dec. 31
Any assets left on the exchange will be charged monthly fees starting on Nov. 29, company says.
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Binance’s finance chief Kaiser Ng to leave company, report says
Ng will be replaced by Justin Yek, who was formerly vice-president of finance at Airwallex.
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OKX Warns MEXC Users of Deposit Freezes Ahead of FinCEN Cutoff
CEO Star Xu said OKX treats FinCEN special measures with caution 'similar to sanctions' after customers reported USDT deposits held for review.... Read the full story at The Defiant