LibertyBit Suspends Operations
LibertyBit, the second largest Bitcoin exchange in Canada, has announced that it is suspending its operations and returning all funds to customers. The root cause of the shutdown is the closure of its RBC bank account on May 17 as well as "a surge of fraudulent transactions". LibertyBit writes: The effects have been two-fold: 1) Inflicting monetary....
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LibertyBit, a bitcoin exchange registered in Canada has announced its temporary closure. It says that this has come as a result of bank account closures and fraudulent account activity. The exchange had been acclaimed by Reddit users for use of the Google Authenticator for two-factor authentication to increase security. Ultimately, this has not helped the business remain trouble free. The exchange accepted transactions in both US and Canadian dollars. The latter currency, of course, benefited from Canada's Interac e-Transfer system that allows funds to be transferred by email. LibertyBit....
Some Canadian Bitcoin exchanges have reportedly received letters from financial regulators reassuring them they do not have to follow the detailed rules required by US regulators, and used recently to seize Mt. Gox funds. According to online news service The Register letters were sent to several Canadian exchanges which said they are not considered money services businesses. The Financial Transactions and Reports Analysis Centre of Canada (FTRACC): "confirmed the exchanges were not actually money service businesses and were therefore exempt from laws governing this type of firm." But this....
Bitfinex suspends trade after discovering a security breach. Confirms loss of bitcoin, exact figures awaited. Bitfinex, one of the leading digital currency exchange, today reported that it has faced a security breach. Following the discovery, the exchange reportedly halted all its bitcoin trading operations until further notice. “Today we discovered a security breach that requires us to halt all trading on Bitfinex, as well as halt all digital token deposits to and withdrawals from Bitfinex” According to the Bitfinex homepage, the breach was discovered at around 18:00 UTC, same time when....
Canadian company Dapper Labs has blocked operations with non-fungible tokens (NFTs) for Russian accounts. The move follows a new round of sanctions recently imposed by the EU which prohibit the provision of crypto-related services to Russian residents and entities.
NFT Platform Dapper Labs Conforms to Latest EU Restrictions Against Russian Federation
Dapper Labs, the creators of the Flow blockchain network and projects like Cryptokitties and NBA Top Shot, has complied with the new restrictive measures adopted by the European Union in response to Russia’s military....
Australian bitcoin hardware manufacturer Diamond Circle has suspended operations citing a lack of capital. The company, which launched Australia's first cashless ATM last year, is currently seeking a buyer for its wallet service, cloud hosted platform, NFC card technology, ATM network, hardware, bitcoin point-of-sale solution, data, trademarks and trade secrets, as well as the source code for all its platform components. Speaking to CoinDesk, Stephen Rowlison, CEO at Diamond Circle, said that the decision had been taken based on a