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UK’s FinProm a welcome change, but challenge persists — Transak compliance head

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Transak’s compliance chief, James Young, told Cointelegraph that while the U.K.’s new crypto marketing rules are good for the industry, they still pose challenges to some firms operating in the decentralized space.

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Coin Market

DeFi lending protocol Sky to drop wrapped Bitcoin after governance vote

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The vote was passed with 88% in favor of offloading WBTC collateral from the Sky lending platform. 

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Coin Market

BingX confirms ‘minor’ losses amid panic over hot wallet movements

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Crypto exchange BingX’s product chief Vivien Lin has confirmed there was a hack and a “minor asset loss,” which is still being calculated.

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Coin Market

Germany seizes 47 crypto exchanges tied to ‘underground economy’

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German authorities sent a loud and clear message to criminal users of the exchanges: We found their servers and have your data — see you soon.

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