US: Four Crypto Exchanges Establish Self-Regulatory Association for Digital Commodities Industry!

Crypto exchanges Gemini, Bitstamp, Bittrex, and bitFlyer USA have announced the creation of a self-regulatory organization for digital commodities, such as cryptocurrencies, Business Insider reports August 20. The new group, dubbed “Virtual Commodity Association Working Group,” aims to help large-scale investors get more comfortable with the crypto market, work on formulating industry standards, and “be […]

Japan: Finance Giant SBI Makes New Investment in LastRoots Crypto Exchange, Will Aid License Acquisition 2288 Total views 181 Total shares!

Japanese financial services giant SBI Holdings announced in a press release Monday, August 20, that it had made a second investment in troubled cryptocurrency exchange LastRoots. SBI, which last month opened its own cryptocurrency exchange after gaining regulatory licensing, without disclosing the amount of the investment, which follows its initial cash injection in December 2017. […]

Police Arrest Alleged India Head of Now-Defunct Bitconnect Scam!

Indian police have arrested a man who was allegedly involved in promoting the Bitconnect investment scam, Financial Express reported August 18. The suspect, Divyesh Darji, is said to have been the India head of Bitconnect, the high-yield investment program that ceased its operations in January 2018 after coming under scrutiny for appearing to be a […]

China: Three Hackers Arrested for Allegedly Stealing $87 Million in Crypto!

Chinese police have arrested three “highly experienced” hackers suspected of stealing up to 600 million yuan (around $87.3 million) in crypto, local news outlet Xinhua reported August 18. The alarm was reportedly first raised by an individual identified by the surname Zhang, who is said to have first filed his complaint March 30 with local […]

China’s IT Ministry Makes Blockchain, Data Security Focus of One of Its Key Labs for 2018!

China’s Ministry of Industry and Information Technology (MIIT) has included a blockchain-dedicated laboratory on the list of its key labs for 2018, published August 13. According to the ministry’s post, the lab will be dedicated to harnessing blockchain for the data security industry and IT, and will be overseen by the National Industrial Information Security […]

Turkish Lira’s Collapse Sees Media Highlight Bitcoin’s Relative Stability!

Mainstream media seized on the unravelling currency crisis in Turkey Monday, August 13, with Bloomberg publicizing a demonstration of Bitcoin’s (BTC) comparatively low volatility. Leading with the headline “Turkey Meltdown Propels Lira Volatility Above Bitcoin,” Bloomberg became the latest publication to reveal the full extent of the Turkish national currency’s devaluation this year. “The 10-day […]

Facebook’s David Marcus Quits Coinbase to Avoid ‘Appearance’ of Conflict of Interest!

Facebook blockchain head David Marcus announced he was quitting his position on the board of U.S. cryptocurrency exchange Coinbase Friday, August 10, in a statement seen by various media outlets. Marcus, who joined the exchange’s board in December 2017 and took on a blockchain research group at Facebook in May, said he now thinks it […]

UK: $2.5 Million Losses in Crypto-Related Scams Reported This Summer!

British police have warned the public about fraudulent investment schemes involving cryptocurrencies, the volume of which has led to 2 million pounds ($2.55 million) worth of losses this summer, according to an announcement published August 10. In the announcement, the police cite statistics prepared by the Action Fraud national reporting center for fraud and cyber […]

Japan’s Financial Watchdog Publishes Results of Its On-Site Crypto Exchange Inspections!

Japan’s financial watchdog, the Financial Services Agency (FSA), has published the results of its on-site inspections of cryptocurrency exchange operators, Cointelegraph Japan reports August 10. Based on its findings, the watchdog has decided to apply more rigorous oversight into new applications from exchanges hoping to receive an official operating license. Newly registered exchanges will be […]

Ethereum’s Vitalik Buterin Blasts Centralized Crypto Exchanges: ‘I Hope They Burn in Hell’!

Co-founder of Ethereum (ETH) Vitalik Buterin criticized centralized exchanges, saying that he hopes they will “burn in hell,” in an interview with a TechCrunch journalist Jon Evans, July 6. Buterin has reiterated his positive stance on decentralization, claiming that by developing “better” decentralized platforms, the crypto community should be able to take away […]

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