Category: Crypto News

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Binance has just announced on their official twitter account that they would be leaving Canadian marketplace due to new stablecoin rules and investors limit provided to cryptocurrency exchanges operating on Canadian land.

Chase is quite popular in US, but tweets are coming in that it has been recently closing bank accounts of those users that send and receive funds from cryptocurrency exchanges.

Ethereum holder just lost all of his ETH to a phishing website after holding it for whopping 5 years. At time of writing of this article, the Ethereum amount is about $1.04 million. In the past five years, he did not interact with anything, not even decentralized exchanges like Uniswap. 

Vela is a derivative cryptocurrency exchange that recently came to light for not giving the user his profit. He started his ETH / USD Perpetual long x29.9 at $1431, but the exchange forcefully closed his long at $1999.99, which gave him a whopping 1543.11 percent profit. 

We have some more bad news about SushiSwap. Today, the SushiSwap’s RouterProcessor2 contract was hacked for about 1800 Ethereum which is about 3.3M dollars at current ETH’s price. The hacker exploited the approve related bug. 

Arbitrum Foundation has made it clear that the 10M ARM tokens that they sold recently were done to fund pre existing contracts and cover near-term operating costs. One such cost was to cover $3.5M setup costs. Since the DAO organization was established and intended to involve users, the traditional thinking of small team decision-making in companies should be changed. After all, web3 projects come from users and grow with the support of users. 

Do Kwon, creator of Luna coin has been arrested in Montenegro after he was caught using false document to evade capture. 

Sushiswap DEX is in deep trouble as their head developer has been served with SEC subpoena. This has called for a legal defense fund that will provide coverage for attorney fees. Amount if you may ask? $3M which will be sent for Kanpai fees, grants and sushi TWAP market sells. 

Kraken is pushing past the regulatory hurdles and is on track to launch their very own bank. With their own bank, they’ll be able to better serve customers as there would be no interference on crypto transactions. A banking license along with a digital asset one can actually position it well in the market.