Taiwan advanced the introduction of its new Anti-Money Laundering (AML) regulations for cryptocurrency businesses after authorities fined two crypto exchanges for violations. On Nov. 27, the Financial Supervisory Commission (FSC) announced that the upcoming money laundering prevention registration mandate for crypto exchanges was shifted to Nov. 30 from the previous Jan. 1, 2025 deadline. Per the previous […]
Security News
Google asks appeals court to reverse Epic Games’ antitrust case win
Google asked a United States appeals court to toss a lower court’s ruling in Epic Games’ antitrust suit that would force it to allow third-party app stores and payment solutions through its Play Store marketplace. The lower court decision would open Google’s app store and apps to other payment systems, including crypto-supporting ones. Google argued […]
SOS Ltd to jump on Bitcoin bandwagon with $50M purchase, stock pops 40%
Shares in the China-based financial services conglomerate SOS Ltd jumped over 40% after pledging to buy $50 million worth of Bitcoin — the latest in a string of firms to buy up the rallying cryptocurrency. The company, which operates a Bitcoin BTC$95,709 mining facility in Wisconsin, said on Nov. 27 that its board of directors approved the $50 million purchase […]
Huge ‘screw-up’ — Pump Science apologizes after flood of fraud tokens
Decentralized science platform Pump Science has apologized to its users after its private key was leaked on GitHub — allowing a “known attacker” to create fraudulent tokens using its Pump.fun profile. “We do not want to diminish how much of a screw-up this was, we totally acknowledge that this is a huge issue and misstep […]
US Treasury under Trump could take a different approach to Tornado Cash
Many in the crypto industry are still reeling from an appellate court decision that the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) overstepped in sanctioning certain smart contracts associated with the cryptocurrency mixer Tornado Cash. On Nov. 26, the US Court of Appeals for the Fifth Circuit ruled that OFAC “exceeded its […]
Kraken winds down NFT marketplace
Crypto exchange Kraken is shutting down its non-fungible token (NFT) marketplace just over a year after its launch. According to an email sent to clients and seen by Cointelegraph, the NFT marketplace will transition to withdrawal-only mode on Nov. 27, initiating a three-month withdrawal period before its complete closure. Kraken said the move will redirect […]
Fireblocks and Google Cloud partner to enhance PKM security
Digital assets platform Fireblocks has announced a partnership with Google Cloud to integrate “Confidential Space” security features to enhance the security of its private key management (PKM) offerings. The integration combines Google Cloud’s security with the Fireblocks platform alongside a suite of security tools including an attestation service, identity and access management (IAM), and key […]
Big victory in Tornado Cash case as judge says OFAC exceeded authority
Tornado Cash users have scored a major victory in a United States appeals court after a three-judge panel found the Treasury’s sanctions against the crypto mixer’s immutable smart contracts were unlawful. In a Nov. 26 legal opinion, a Fifth Circuit Appeals Court’s three-judge panel said the Office of Foreign Assets Control (OFAC) exceeded its authority in sanctioning […]
Justin Sun has just become Trump crypto project’s biggest investor
The founder of the Tron blockchain, Justin Sun, has become the largest investor in Donald Trump’s crypto project, World Liberty Financial, after buying up $30 million worth of its token. “We are thrilled to invest $30 million in World Liberty Financial as its largest investor,” Sun wrote in a Nov. 25 X post. “TRON is committed […]
Rumble to spend up to $20M on Bitcoin in new treasury strategy
YouTube alternative Rumble has become the latest company to confirm plans to add Bitcoin to its balance sheet, just days after its CEO teased the idea on social media. In a Nov. 25 statement, the video-sharing platform said its board of directors approved the strategy, allocating a portion of the company’s excess cash reserves to Bitcoin BTC$94,407 at […]