Bitfinex’s Stolen Funds Partially Recovered and Returned by US Law Enforcement

The United States’ law enforcement recovered and returned over $104,000 stolen from cryptocurrency exchange Bitfinex. The United States’ law enforcement recovered and returned over $104,000 stolen from the cryptocurrency exchange Bitfinex, according to a Medium post by the exchange published on Feb. 25. The funds returned are reportedly just under 27.7 Bitcoins (BTC), which were […]

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Bahrain’s Central Bank Issues New Cryptocurrency Regulation

The Central Bank of Bahrain has issued new cryptocurrency regulation, after releasing draft proposals last year. The Central Bank of Bahrain has issued new cryptocurrency regulation, English-language local media TradeArabia reports on Feb. 25. Before, in December last year, the central bank had issued draft proposals to potentially regulate and license crypto asset services. The new […]

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South Korea’s Coinbin Files for Bankruptcy With $26 Mln Loss, Cites Employee Embezzlement

Coinbin, which acquired Youbit in 2017, is closing operations as the result of embezzlement from a senior executive. Coinbin, the South Korean cryptocurrency exchange that took over hacked exchange Youbit, has filed for bankruptcy owing users almost $30 million, correspondence from the company confirmed on Feb. 20. Coinbin, which acquired Youbit in 2017, is closing […]

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Australian Financial Regulator Trials Blockchain to Automate Funds Transfer Instructions

The Australian Transaction Reports and Analysis Centre is trialing a blockchain prototype for the automation of international funds transfer instructions. The Australian Transaction Reports and Analysis Centre (Austrac) is trialing a blockchain prototype for the automation of funds transfer instructions, business tech news site ZDNet reported on Feb. 24. Austrac — a government financial intelligence […]

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