Jai Sahu, Author at Coinroot

In 2023, crypto companies received 11 fines, a significant increase from an average of less than two per year in the prior five years. Crypto firms found themselves in the spotlight of regulatory scrutiny, collectively shouldering a hefty burden of nearly $6 billion in fines, primarily stemming from Anti-Money Laundering (AML) violations and shortcomings in […]

The inaugural trading day for spot Bitcoin exchange-traded funds (ETFs) saw remarkable activity, with billions of dollars in trading volume and hundreds of thousands of individual transactions. In total, there were 700,000 individual trades on January 12, involving the 11 recently approved spot Bitcoin ETFs, as reported by industry analyst Eric Balchunas. This robust trading […]

The approval by the US SEC of 11 spot bitcoin ETFs, including those offered by BlackRock, Vanguard, Franklin Templeton, Valkyre, Fidelity, and Invesco, on January 10, has significant implications. According to industry experts, the SEC’s approval of spot bitcoin exchange-traded funds (ETFs) in the United States has opened up a new avenue for Indian investors […]

X has confirmed that the official U.S. Securities and Exchange Commission (SEC) account was breached when it posted the false announcement of the spot Bitcoin ETF approval. SEC Account Lacked 2FA Protection Following a preliminary inquiry, X has verified that the breach did not result from any weaknesses within their systems. Instead, an unidentified person […]

TL;DR In December 2023, crypto losses totalled $103.88M across 32 attacks, a 59% decrease compared to the previous month. The 2023 yearly loss amounted to $1.77B from over 440 hacking incidents, showcasing the prevalent vulnerability in the crypto space. Rug pulls and smart contract vulnerabilities contributed to being the prime contributors, constituting 21%, and code […]

Cointelegraph interviewed Trust Wallet CEO Eowyn Chen to discuss enhancing the Web3 experience for all users. During the Binance Blockchain Week 2023 in Istanbul, Turkey, the global crypto and blockchain communities converged, highlighting the continued growth of the Web3 ecosystem, irrespective of market price fluctuations. Despite being organized by Binance, the conference attracted key figures […]

Rumors are circulating that a U.S.-based bitcoin ETF might get regulatory approval this week. On the first day of the new year, the price of bitcoin (BTC) surged by more than 6%, crossing the $45,000 mark for the first time since early April 2022. This recent upward trend seems to be driven by the expectation […]

The Financial Intelligence Unit, a government agency in India responsible for scrutinizing financial transactions, made an announcement on Thursday that it considers nine global cryptocurrency exchanges, including notable names like Binance, Bitstamp, Kraken, Kucoin, Gate.io, and Mexc, to be operating in violation of the country’s anti-money laundering regulations, characterizing their operations as “illegal.” As a […]

New Delhi: In a significant regulatory move, India’s Financial Intelligence Unit (FIU-India) has served show-cause notices to nine major offshore cryptocurrency platforms for alleged non-compliance with the country’s financial regulations. The directive, which targets industry giants including Binance, Kucoin, and Huobi, marks a pivotal moment in India’s approach to overseeing the burgeoning digital asset market. […]

Canadian cryptocurrency exchange CatalX has temporarily halted its operations following a suspected insider job that resulted in a security breach. On December 28, CatalX CTS Ltd., the operator of the Canadian crypto exchange, issued a press release stating that it had experienced a “security breach,” leading to the loss of cryptocurrency assets held on behalf […]

Author: Jai Sahu

Crypto Companies Fined Almost $6 Billion in 2023 for Breaking Anti-Money Laundering Rules

First Day Triumph: Bitcoin ETF Surpasses $4 Billion in Volume and Registers 700,000 Trades

Unveiling the Significance of US SEC’s Spot Bitcoin ETF Approval for Indian Crypto Investors

X confirms the US SEC’s official account was hacked without any insider errors

December Month Hacks Adds To 2023’s $1.77B Crypto Loss

‘In a crypto bear market, trust is the most effective strategy’, says Trust Wallet CEO.

Bitcoin Opens the Year with a Bang, Reaches $45K, the Highest Since April 2022

India is considering limiting access to cryptocurrency exchange platforms including Binance and Kraken

India Tightens Regulation on Offshore Cryptocurrency Platforms with Show-Cause Notices

Canadian crypto exchange CatalX suspends services due to a security breach

Russia Proposes 15% Tax on Crypto and Mining Restrictions

WazirX Plans to Launch New Decentralized Exchange

Binance, Indian Police Bust Energy Scam, Recover $100K USDT

Indian Govt. Officials Probe Crypto Exchange WazirX's $234M Hack

Dubai's VARA Updates Marketing Regulations and Guidelines for VASPs

Germany Shuts Down 47 Crypto Exchanges for Illegal Activities

𝗬𝗼𝘂𝗿 𝗜𝗻𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝘁 𝗖𝗿𝘆𝗽𝘁𝗼 𝗮𝗻𝗱 𝗚𝗹𝗼𝗯𝗮𝗹 𝗡𝗲𝘄𝘀 𝗔𝗹𝗹𝘆

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