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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

Feds end Bitcoin bandits’ luxury life fueled by $230M crypto scam

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The scammers spent their gains on a lavish lifestyle of luxury cars, apartments, jewelry, and nightlife. 

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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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