Crypto News

OKX has temporarily suspended its decentralized exchange aggregator after regulators in the European Union (EU) began looking at how it was used by North Korea to launder proceeds from a recent hack of crypto exchange Bybit.Bloomberg reported on March 11 that the EU regulators were investigating OKX’s Web3 services for allegedly laundering funds from the Bybit hack, prompting OKX President Hong Fang and other executives to call Bloomberg's report misleading and assert the company's commitment to combating financial crime."We are addressing a tagging issue with explorers that highlights OKX DEX aggregator as the destination of trades when in fact, OKX DEX aggregator just looks for the best price to execute the order, and then the final order/trade is placed on...

The CNV, Argentina’s securities regulator, has issued a new framework for VASP operations in the country, introducing prerequisites such as customer-exchange asset segregation and establishing new funds and security requirement. Argentina Issues New Rules for VASP Operations Argentina is catching up with other countries regarding its virtual asset service provider (VASP) regulatory requirements. On MarchSource link

Bitcoin (BTC) has steadied since last Tuesday, bouncing to its 200-day average above $84,000 over the weekend. Still, a crypto whale has taken a contrarian stance by raising a leveraged bearish bet on BTC worth millions on Hyperliquid while betting bullish on the MELANIA token.As of writing, the whale held a short position in BTC perpetual futures worth over $445 million, generating an unrealized gain of $1.3 million. The position employed a 40x leverage and a liquidation price of $86,000, according to data source Hyperliquid and Lookonchain. The outsized short anticipating a bitcoin price slide made waves on social media X on Sunday as pseudonymous trader CBB invited other market participants for a consortium of bulls aimed at liquidating the...

In response to the security threats, OKX has implemented a hacker address detection system and a mechanism to block suspicious addresses.Source link

Coinbase is deepening ties with 145 U.S. government entities as the nation accelerates bitcoin adoption, signaling unprecedented institutional demand and a seismic shift in crypto policy. Coinbase Strengthens Ties With Governments as US Embraces Bitcoin Coinbase CEO Brian Armstrong highlighted the company’s expanding partnerships with government entities in a social media post last week. HeSource link