Blockchain
North Korean hackers laundered US$200 mln in stolen crypto, says blockchain sleuth
According to Forkast News, blockchain analysis has revealed that North Korean hackers laundered approximately $200 million in stolen cryptocurrency. The report sheds light on the illicit activities conducted by North Korean actors in the cryptocurrency space, highlighting the challenges associated with combating cybercrime in the decentralized digital asset ecosystem.
Blockchain sleuths have uncovered evidence suggesting that North Korean hackers have been involved in laundering stolen cryptocurrency funds through various channels. These activities underscore the sophisticated tactics employed by cybercriminals to obfuscate the origins of illicitly obtained funds and evade detection by law enforcement agencies.
The laundering of stolen cryptocurrency by North Korean hackers poses significant challenges for regulators and law enforcement authorities tasked with combating cybercrime. The decentralized and pseudonymous nature of blockchain transactions complicates efforts to trace and recover stolen funds, making it increasingly challenging to hold perpetrators accountable.
This serves as a reminder of the importance of enhancing cybersecurity measures and bolstering regulatory frameworks to mitigate the risks associated with illicit cryptocurrency activities. As the adoption of cryptocurrencies continues to grow, addressing these challenges becomes imperative to safeguard the integrity of the digital asset ecosystem and protect investors from financial crimes perpetrated by malicious actors.
Source: forkast.news
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Blockchain
Patelco Credit Union Joins Metal Blockchain’s Banking Innovation Program
Blockchain
Binance Announces Adjustment of Tick Size for Spot Trading Pairs
Binance, a leading cryptocurrency exchange, has announced adjustments to the tick size (the minimum change in the unit price) of specific spot trading pairs. These adjustments are aimed at enhancing market liquidity and improving the overall trading experience for users. The changes are scheduled to be completed by 05:00 (UTC) and 07:00 (UTC) on May 23, 2024.
Traders can find details about the tick sizes of all spot trading pairs on Binance in the platform’s Trading Rules. Importantly, the adjustment will not impact spot trading and related functionalities. API users will also observe changes in the tick size, and they can stay updated with the latest tick size using the GET /api/v3/exchangeInfo endpoint. Additional details and updates can be found in the API Changelog.
Existing spot orders will not be affected by the tick size update. Orders placed before the update will continue to be matched with the original tick size. However, traders are advised to adjust their trading strategies accordingly to avoid any unnecessary impact on their trading activities.
Binance emphasizes the importance of referencing the English version of the announcement for the most accurate and up-to-date information, as there may be discrepancies in translated versions. The exchange remains committed to providing a seamless trading experience and appreciates the support of its users. Users are reminded to exercise caution and make informed decisions when trading on the platform.
Source: blockchain.news
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Blockchain
OKX Announces Support for New USDC Spot Trading Pairs
According to an official announcement released on May 16, 2024, OKX will introduce new USDC trading pairs in the spot trading section between 7:00 am and 8:00 am UTC on May 20, 2024. This addition aims to broaden trading options for OKX users and contribute to the expanding USDC ecosystem.
In light of the risks associated with digital asset trading, OKX has issued a cautionary note to all users. They emphasize that information provided by OKX and third parties is for informational and educational purposes only. OKX does not guarantee the accuracy or completeness of any information and does not provide financial, investment, or other forms of advice.
OKX highlights the speculative nature and high volatility of digital assets, cautioning that they may become illiquid at any time, potentially resulting in the loss of the entire investment. Therefore, OKX advises users to conduct thorough research and assess their risk tolerance before engaging in digital asset trading.
For inquiries regarding the new USDC spot trading pairs or any other concerns, users can contact OKX through their support center or engage with the OKX team on various platforms. OKX’s proactive approach in addressing user inquiries and fostering community interaction underscores its commitment to user satisfaction and the overall growth of the crypto ecosystem.
Source: blockchain.news
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