Hamster Kombat, a Telegram-based tap-to-earn gaming platform, has unveiled Hamster Network, its Layer-2 blockchain built on The Open Network (TON). This marks a significant step toward improving scalability and reducing Web3 gaming and decentralized applications (dApps) costs. Hamster Network Hamster Network is the first gaming-focused Layer-2 solution on TON. The blockhain network is designed to…
The cryptocurrency unit of the American financial services company Robinhood is now in the clear as the Securities and Exchange Commission (SEC) has closed its investigation into the business. According to a blog post by Robinhood, the SEC revealed in a letter dated February 21 that it had wrapped up its investigation into the firm’s…
Confidential protocols put in place to deal with news of regulatory failings by one of the top-five crypto exchanges, OKX, suggest that the company likely has been expecting a settlement with U.S. authorities for some time. This happened on Monday when OKX announced a $500 million-plus settlement with the U.S. Department of Justice after failing…
Crypto transfers are being restricted in Europe through heavy know-your-customer (KYC) procedures and blocks, potentially linked to the Travel Rule, according to several local reports. Hasu, the strategy lead at Flashbots, reported that Coinbase is blocking transfers in Europe to recipients other than the user. Additionally, when sending crypto to a self-custodial wallet, the user…
Michael Novogratz’s Galaxy Digital (GLXY) has hired Zac Prince as a managing director, according to an internal memo seen by CoinDesk. Prince will be working closely with Galaxy’s President, Chris Ferraro, to expand the company’s digital assets offering. Galaxy believes that crypto is entering a “pivotal era of transformation,” and has hired Prince to help…
Bybit announced a bounty platform designed to combat crypto-related crime titled LazarusBounty.com following. The initiative employs a structured, four-pronged approach to identifying illicit activity, holding hackers accountable, and enhancing crypto security. The effort follows a hack perpetrated against Bybit on Feb. 21, which resulted in the loss of nearly $1.5 billion in Ethereum (ETH) and…
OKX affiliate – Aux Cayes FinTech Co. Ltd – pleaded guilty today to one count of operating an unlicensed money-transmitting business under United States anti-money laundering laws. As part of a settlement with the Department of Justice, the company has agreed to pay over $500 million, which includes an $84 million penalty and the forfeiture…
Crypto trading in India is booming, particularly in smaller cities, as investors look for new opportunities amid slow job growth and tightening financial regulations, Reuters reported on Feb. 25, citing local industry participants. Trading volumes on the country’s top four exchanges more than doubled last quarter, reaching $1.9 billion, according to data from CoinGecko. The…
The US Securities and Exchange Commission (SEC) officially closed its investigation into Uniswap Labs without taking enforcement action, according to a Feb. 25 statement. The investigation, which began over three years ago, centered on allegations that Uniswap Labs operated as an unregistered broker, exchange, and clearing agency and issued an unregistered security. Uniswap Labs characterized…
The U.S. Securities and Exchange Commission (SEC) has dropped its investigation into Uniswap Labs, the Brooklyn-based company behind the decentralized protocol of the same name, according to a Tuesday announcement from Uniswap. Uniswap received a Wells notice — essentially, a heads-up from the regulator informing respondents of the charges the SEC is planning to bring against…