CoinsAQ summary · neutral
Crypto.com to withdraw Hong Kong consumer app citing regulatory changes
What happened
Crypto.com is winding down its Hong Kong consumer app. Meanwhile, its local entity awaits approval of a crypto trading platform license filed in 2024.
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Here’s what happened in crypto today
Today in crypto, North Korea denies involvement in Binance’s $6.3B hack, Mercado Bitcoin faces questions over a $46M theft, and Binance taps its SAFU Bitcoin reserves.
Binance has spent half its SAFU bitcoin, about $580 million worth, data shows
Binance has spent half its SAFU bitcoin, about $580 million worth, data shows The user protection fund now sits below the $800 million level that Binance’s own rules say triggers a top-up, and the exchange hasn’t said when it will refill it. By Shaurya Malwa Nov 3,.