Binance, the leading cryptocurrency exchange globally, has been facing a series of regulatory challenges in various countries like India, Canada, and the United States. India’s Financial Intelligence Unit recently imposed a hefty fine of 188.2 million Indian Rupees, approximately $2.2 million, on Binance for failing to comply with the country’s Anti-Money Laundering (AML) regulations. The
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In a recent turn of events, CertiK, a blockchain security firm, revealed that it had discovered a critical vulnerability in the deposit system of the popular crypto exchange, Kraken. This vulnerability could potentially lead to millions of dollars being deposited into any Kraken account, with fabricated crypto worth over $1 million being withdrawn and converted
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When it comes to traveling with cryptocurrency, one of the most crucial aspects to consider is the security of your digital wallet. It is essential to implement time-tested strategies to ensure that your funds are safe and accessible while on the move. Securing Internet Connections Accessing your crypto accounts while traveling requires you to prioritize
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Travis Kling, Founder and Chief Investment Officer of Ikigai Asset Management, recently delved into the current state of Bitcoin and the broader cryptocurrency ecosystem. He highlighted how despite the NASDAQ surging 16%, Bitcoin has remained relatively flat. This underperformance is particularly concerning given the repeated all-time highs set by US equity markets during the same
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Recently, a rogue security research company managed to exploit a critical bug on the Kraken exchange platform, leading to the unauthorized withdrawal of $3 million in digital assets. Kraken’s Chief Security Officer, Nick Percoco, shared details of this incident, shedding light on how the breach occurred and the subsequent actions taken by the exchange. Flaw
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