We’re only a few days into July, and we’ve got your crypto roundup ready! If you missed any major updates, don’t worry, we’ve got you covered. Catch up on this week’s top events, and don’t forget to hit the subscribe button to stay in the loop with the latest crypto news!
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Iranian Crypto Exchange Nobitex Resumes Services After $100M Hack by Pro-Israel Group
Iran’s largest crypto exchange, Nobitex, is gradually restoring services after a $100 million hack by pro-Israel hacker group Gonjeshke Darande. Withdrawals resumed on June 30, with trading and deposits being reintroduced slowly. Access is limited to verified users, and the exchange warned against using old wallet addresses due to system migration.
The hack, driven by political motives, saw the group burn $90 million in assets and leak Nobitex’s source code. Following the attack, Iranian authorities tightened regulations on local exchanges. This incident adds to a growing trend of politically charged cyberattacks in the crypto space.
Chainlink Launches ACE to Bridge Onchain Compliance Gaps for Institutions
Chainlink has unveiled its Automated Compliance Engine (ACE), a modular framework that simplifies regulatory compliance for tokenized assets across public and private blockchains. Built with input from key institutions, ACE integrates identity solutions and automated enforcement to reduce the cost and complexity of compliance in digital finance.
Why It Matters
ACE could unlock over $100 trillion in institutional capital by making compliant digital assets viable, faster, and more cost-effective, accelerating the mainstream adoption of tokenized finance.
Disclaimer: This article is intended solely for informational purposes and should not be considered trading or investment advice. Nothing herein should be construed as financial, legal, or tax advice. Trading or investing in cryptocurrencies carries a considerable risk of financial loss. Always conduct due diligence.
