A New York City hacker used a smartphone SIM scam to steal more than $1 million from a wealthy Silicon Valley resident. The New York Post calls 21-year-old Manhattan resident Nicholas Truglia the “Billy the Kid of bitcoin”...
Cryptocurrencies have built a reputation in the industry with headlines calling out shady transactions, massive scams, and fraud. But all of the bad press in the US stems from the lack of governance over how cryptocurrency is...
The Securities and Exchange Commission (SEC) today assessed penalties against Zachary Coburn, founder of EtherDelta, a digital "token" trading platform. The SEC had charged the company with operating as an unregistered national securities exchange. The settlement is the first...
CryptoIns is a new online insurance service based in Switzerland. In October, the company launched a service providing insurance for investors holding assets in 24 cryptocurrency exchanges and wallets, although that number is expected to grow. Together with...
Like every jurisdiction, Hong Kong regulators are trying to chart a course for the cryptocurrency industry and exchanges that encourage growth but protect investors. In a South China Morning Post (SCMP) interview, Carlson Tong Ka-shing, the outgoing chairman of...
The 2018 Global Cryptocurrency Market Report by Ibinex offers a comprehensive look at the current state of the global cryptocurrency industry. The report highlights key statistics, developments, innovations and other findings on the status of the international...
New York State Attorney General Barbara Underwood’s office today released findings from a report looking into the “integrity” of cryptocurrency exchanges that are accessible to New York residents. In April 2018, the Virtual Markets Integrity Initiative was launched...
Talk about a “moonshot” in the cryptocurrency world. The Q1 profits of eighteen-month-old cryptocurrency exchange Binance certainly qualify as a moonshot. For those few of you who don’t know, “moonshot” is cryptocurrency investor slang describing an altcoin or other...
In 2017, the number of compromised accounts on cryptocurrency exchanges increased by 369% in comparison with 2016 and that number jumped to 689% in January 2018. New research by cybersecurity firm Group-IB shows the US (34.3%), Russia (10.5%), and China (5.0%) were the...
San Francisco headquartered Coinbase may be ready for a breakthrough in bringing institutional investors into the cryptocurrency market. Earlier this year, Coinbase launched Coinbase Prime a service for institutional investors that brings together asset management services, venture capital investing,...
The price of bitcoin may be trading near its lowest point in 2018 but Goldman Sachs-backed start-up Circle has seen a 30% increase in institutional interest in cryptocurrency investments according to a CNBC report. The company said its...
Late Tuesday night, South Korean cryptocurrency exchange Bithumb was hacked, resulting in the loss of an estimated $31.5 million in customer cryptocurrency. As soon as it learned of the breach, Bithumb moved quickly to stop deposits, withdrawals and...