According to a blog post published on Jan. 4, Singapore-based cryptocurrency exchange MEXC announced that it would allocate $20 million to support developments on Sei Network. A layer one blockchain designed for trading, Sei Network’s stated features include native order matching, frontrunning protection, smart block propagation, and 600 milisecond on-chain trade settlement. Leo Zhao, investment manager of MEXC Ventures, commented:  […]

Matrix Port – a crypto services provider – believes it’s time for all crypto custody firms and related businesses to begin offering insurance to digital currency customers. Matrix Port Wants Crypto Insurance Offered Everywhere The belief stems from the recent fall of disgraced crypto exchange FTX, which took less than a week to crash and burn. Despite being only three […]

The United Kingdom’s National Crime Agency (NCA) is taking measures to increase its focus on cryptocurrency crimes and combat criminals. NCA’s cyber-focused command, the National Cyber Crime Unit (NCCU), is launching a dedicated cryptocurrency unit to investigate U.K. cyber incidents involving the use of cryptocurrencies like Bitcoin (BTC). Called “NCCU Crypto Cell,” the crypto-focused unit will initially contain five officers […]

Hackers have started the year with another exploit, with several million being taken from a whale holding large amounts of decentralized finance (DeFi) protocol GMX’s native token.  On Jan. 3, various community members saw suspicious movements of GMX tokens. Following this, security firms CertiK and PeckShield flagged the transactions as an exploit that drained $3.4 million worth of GMX tokens […]

Brad Garlinghouse, the CEO of Ripple Labs, has expressed his cautious optimism about regulatory clarity for the crypto industry potentially coming to the United States in 2023. 2023 Will Usher In Regulatory Clarity To commemorate the first day of the 118th Congress, Ripple CEO Brad Garlinghouse voiced his optimism about 2023 being the year the United States achieved regulatory clarity […]

Foreigners investing in digital currencies in the U.K. are now exempt from paying taxes. The new rule is only applicable if foreigners buy virtual currencies using local brokers in the U.K. The country has hinted that it is keen on transforming itself into a crypto paradise after a torrid relationship with the asset class. Jan 1 heralded a new tax […]

Gemini’s co-founder Cameron Winklevoss wrote an open letter Tuesday accusing Barry Silbert, CEO of DCG, the parent company of Genesis trading, of causing the latter’s collapse. Genesis Global Trading temporarily suspended withdrawals in November due to liquidity issues resulting from the demise of FTX. Winklevoss is blaming his DCG counterpart for failing to repay Genesis – its fully owned subsidiary […]

The Israeli Securities Authority (ISA) proposes a framework for regulating digital assets as an increasing number of Israeli investors are exposed to digital assets, and over 150 companies operate in Israel, according to the regulator. The regulator released a proposal in January 2023, outlining its purpose to achieve the “double value” of responding to the risks associated with investing in […]