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In a bold move amidst the tightening global crypto regulations, Backpack Exchange, a crypto platform founded by former FTX executives, is expanding its reach to 11 US states. This expansion includes states like California, Colorado, Indiana, Missouri, and Wyoming. CEO’s Vision CEO Armani Ferrante, in a recent announcement on the social media platform X, expressed
Recently, six suspected OTC crypto scammers were apprehended in Incheon, South Korea, as confirmed by the local police. The suspects, all between the ages of 20 and 39, were accused of stealing $747,000 in cash through a fraudulent over-the-counter trade. The incident took place in the Songnim District of Eastern Incheon on February 19, around
The Hong Kong Monetary Authority (HKMA) recently introduced new regulatory standards for the sale and distribution of tokenized financial products by authorized institutions. This initiative is aimed at fostering innovation in the field of tokenization while also ensuring strong consumer protection. The guidelines set forth by the HKMA clearly define the scope of tokenized products
AltLayer, a rollups platform focusing on blockchain scalability, recently announced that they have raised an impressive $14.4 million in a strategic funding round. The fundraising round was co-led by Polychain Capital and Hack VC, with the aim of expanding the company’s team and advancing its rollup infrastructure. Other participants in the funding included OKX Ventures,