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PayPal Acquires UK Crypto License
PayPal has secured a cryptocurrency license from the UK's Financial Conduct Authority, marking a strategic move amid post-Brexit adjustments, and transitioning UK clients from PayPal Europe to a new UK-based entity.
Blockstream's Greenlight Officially Launches, Promising Simplified Lightning Operations
Blockstream has officially launched Greenlight, a Lightning-as-a-Service (LaaS) solution, aimed at alleviating the operational challenges of managing Lightning network nodes while enhancing security. The service, revealed in June and launched on October 12, 2023, allows developers to retain key control, reducing risks and freeing up essential resources for core business operations. Greenlight offers a blend of convenience and self-custody, making it a noteworthy advancement in the blockchain and Lightning network domain.
dYdX to Exit Canadian Market Amid Regulatory Restrictions
Cryptocurrency derivatives exchange, dYdX, is withdrawing its services from Canada due to increased regulatory restrictions. The exchange will halt new user onboarding on April 7 and move existing users to "close-only mode" on April 14.
Kokomo Finance Accused of $4M Exit Scam
Kokomo Finance, an open-source and noncustodial lending protocol on Optimism, is suspected of an exit scam worth $4 million. The protocol allegedly plucked user funds via a smart contract loophole, causing the Kokomo Finance token to plummet 95% in value. Blockchain security firm CertiK alerted its followers to the situation, noting that Kokomo Finance removed all social media accounts following the incident.
Crypto Founder of Ethereum-Based Oyster Protocol Arrested for Tax Evasion in Exit Scam
The founder of Ethereum-based smart contract platform Oyster Protocol has been arrested following an exit scam in which he reaped a multi-million dollar profit.
New Darknet Markets Launch Despite Exit Scams as Demand Rises for Illicit Goods
Despite the recent amount of exit scams on dark web platforms, the darknet sector has seen increasing growth, with new marketplaces launching every year.
5% of Coinbase Employees Leave the Exchange, Rejecting Its “Apolitical Stance”
About 60 employees have left Coinbase cryptocurrency exchange because of the firm’s new controversial policy.
Ethereum Crypto Crashes to $340 After SushiSwap’s Alleged Exit Scam
The price of Ethereum (ETH) crashed recently, dropping to a low of $315 over the weekend, after hitting an all-time high of $487 last Wednesday.
Darknet Marketplace Empire Alleged to Have Exit Scammed with $30 Million Worth of Bitcoin
Darknet digital marketplace Empire Market appears to have exit scammed and made off with a hefty profit of 2,638 Bitcoin (BTC).
Darknet Empire Offline for Days Has Users Fearing DDoS Attack and Looming Scam
A popular darknet marketplace, Empire Market, has been reported to be offline for over 48 hours, making website users fretful as to the cause behind it.