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The United States Securities and Exchange Commission is once again going after cryptocurrencies. Only hours ago it was reported that the regulatory body is suing Veritaseum, along with Reginald Middleton, the company’s CEO. Veritaseum is a company established with the goal to…
A newly released report suggests that in 2019 financial damage related to crypto thefts and fraud may rise above USD 4.3 billion. CipherTrace, a crypto security company founded in 2015, stated the because of criminal activity crypto coins worth over USD 1.2…
Coinbase announced that the crypto trading platform’s UK-based customers will not be able to use Zcash from August 26. The users stated that they received letters from the company notifying them about the future changes. The message advised users to convert Zcash…
Countries around the globe are modifying their crypto regulations in order to comply with guidelines by the Financial Action Task Force (FATF). The international organization was created in 1989 to set guidelines for financial regulations. Reportedly, fifteen countries are developing a network…
According to CoinTelegraph, following 5 years of vigorous research, the Central Bank of China announced the release of its cryptocurrency. Mu Changchun, the Deputy Director of the People’s Bank of China, stated that the new cryptocurrency is ready to be launched. The…
Crypto traders had issues storing their funds in banks in Israel. A domestic news outlet, Haaretz, stated that cryptocurrency users had around USD 86 million in unpaid taxes because banks in the countries refused to approve deposits. According to Haaretz, the concern…
Over 2018 and 2019, the use of crypto coins in India has been becoming increasingly difficult. According to the Chief Executive Officer of crypto company Crebaco Global, Sidharth Sogani, the cost of refusing the use of crypto coins for India is around…
Recently, a hacker working under the pseudonym Bnatov Platon offered a crypto news outlet, CoinDesk, extensive information about their efforts to receive large sums of money from Binance in return for not publishing any data about the exchange’s users. Today, the hacker…
Her Majesty’s Revenue and Customs, the department of the United Kingdom Government responsible for tax collection, requested three major crypto exchanges to provide them with financial documents. The three exchanges are eToro, CEX.IO as well as Coinbase. The HM Revenue and Customs…
Coinbase, a California-based cryptocurrency exchange, is getting sued by users that bought Bitcoin Cash after a mishandled listing that occurred at the time of the crazy crypto price swings of 2017. The news was announced by Coindesk on August 7. Vince Chhabria,…
According to Twitter user Andrew Rennhack, Bitcoin’s bull run of 2019 was inflamed by no none other than Tether (USDT). Rennhack claimed that the major price increase of the first cryptocurrency was provoked by Tether printing an excessive amount of coins. He…
After Coinbase, a top US-based cryptocurrency exchange, announced coins that could potentially get listed on the platform, one of these cryptocurrencies gained more than 60 percent in a day. The previously mentioned crypto coin, Matic Network (MATIC), jumped from 1 United States…
After Mastercard announced their participation in the release of Facebook’s new stablecoin, Libra, the company is slowly but surely experimenting with the benefits of the blockchain network and cryptocurrency. According to a recent press release, Mastercard, in partnership with Fred Segal Sunset…
A brokerage company based in South Korea, Shinhan Financial Investment, is looking forward to creating a peer-to-peer platform using the blockchain technology for stock lending. As reported by Econews, a South Korean news outlet, Shinhan Financial Investment is cooperating with a financial…
Recently, there has been a lot of talk about the legal status of crypto coins in India. This year the central authorities of the country suggested to entirely ban crypto transactions. The National Association of Software and Services Company (NASSCOM) took a…
Only in a couple of days, Litecoin (LTC) will go through another halving. Halving is the operation that certain crypto coins go through during which mining rewards decrease in half in order to sustain the purchasing power of the digital currency. Litecoin…
Guidelines for the crypto market in the UK were recently published by the Financial Conduct Authority. According to a crypto news outlet, The Block, after the draft of the guidelines was released, a more complete explanation was expected. The draft read that…
On Wednesday, Rain, a cryptocurrency exchange backed by BitMEX, announced that it gained a crypto coin module license from the Central Bank of Bahrain that allow them to provide crypto coin trading services in the area. Before the crypto exchange acquired the…
On Tuesday, the Ministry of Industry and Information Technology of China relieved a list of crypto projects based on ranks. There were totally thirty seven projects included in the list as two were added after the last update of it. The ranking…
The co-founder and the Chief Executive Officer of Circle, Jeremy Allaire, will give his testimony before the United States Congress soon. Allaire will be a representative of The Blockchain Association, which is a organization aiming to increase transparency, safety and trust through…
