Bitfinex hacker will need 114 years to launder $7 billion worth of stolen Bitcoin

Only 4% of nearly 120,000 Bitcoin (around $7 billion today) stolen by a hacker from crypto exchange Bitfinex in 2016 have been laundered so far—and it will take the thieves over a century to cash out their bounty in full, according to blockchain intelligence firm Elliptic.
The post Bitfinex hacker will need 114 years to launder $7 billion worth of stolen Bitcoin appeared first on CryptoSlate.

Korean banks sound alarm as altcoins volumes grow in the country

The Korea Federation of Banks (KFB) has recently urged its members to estimate the total number of altcoins their crypto exchange clients are offering to measure risks associated with them, local outlet The Korea Herald reported yesterday.
The post Korean banks sound alarm as altcoins volumes grow in the country appeared first on CryptoSlate.

Binance lists ‘Dogecoin killer’ Shiba Inu (SHIB) and its perpetual futures

Cryptocurrency exchange Binance quickly jumped on the sudden Shiba Inu (SHIB) bandwagon today, listing the much-hyped canine token in the “Innovation Zone” and adding the corresponding perpetual contracts to its futures platform.
The post Binance lists ‘Dogecoin killer’ Shiba Inu (SHIB) and its perpetual futures appeared first on CryptoSlate.

Bitcoin exchange Kraken to probe user accounts after U.S. court dictum

The United States Internal Revenue Services, the country’s main body responsible for collecting taxes and administering the Internal Revenue Code, will probe users of crypto exchange Kraken after a court order, news outlet Reuters said this morning.
The post Bitcoin exchange Kraken to probe user accounts after U.S. court dictum appeared first on CryptoSlate.

Korean crypto exchanges could face harsh laws if new proposal is passed

The ruling party of South Korea has proposed a new bill that aims to limit crypto-related companies’ ability to trade digital assets and increase their liability in case of a hack, local news outlet Naver reported today.
The post Korean crypto exchanges could face harsh laws if new proposal is passed appeared first on CryptoSlate.

Southeast Asia’s largest bank sees tenfold crypto trading volume growth in Q1

Trading volumes on DBS Digital Exchange, an institutional crypto trading platform launched by Singapore’s largest bank DBS in December, have increased tenfold over the last quarter, DBS CEO Piyush Gupta revealed in a media briefing.
The post Southeast Asia’s largest bank sees tenfold crypto trading volume growth in Q1 appeared first on CryptoSlate.