The trading platform has said it is closing permanently following a major software problem that reportedly lost funds. Swiss cryptocurrency industry organization the Crypto Valley Association (CVA) is investigating allegations of foul play by one of its members after the platform closed down last month, CVA officials confirmed in a statement on Feb. 28. According […]
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Switzerland-based online crypto bank Dukascopy has warned clients about a “clone” company GCG Asia claiming to be affiliated with the bank. Switzerland-based cryptocurrency bank Dukascopy has warned customers that forex trading company GCG Asia is fraudulently claiming to be the bank’s authorized firm in an announcement published on Feb. 27. In the announcement, Dukascopy Bank […]
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The exchange has been closed for almost two months following a major hack that could have involved around 10 percent of its funds. Hacked New Zealand cryptocurrency exchange Cryptopia will reopen for business on Monday next week, officials confirmed on social media on Feb. 26. In a series of updates, Cryptopia revealed its two founders […]
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The New Zealand Police have returned Cryptopia’s building, but the exchange won’t resume activity yet. The New Zealand police have returned the office building back to recently hacked crypto exchange Cryptopia and granted permission to resume trading. However, the exchange is not ready to renew its activity, according to a message purportedly sent by a […]
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The financial capital of the world can afford to be picky — but does it stifle fintech innovation? Recently the New York Department of Financial Services (NYDFS) grant statewide virtual currency licenses to two applicants: stock trading service Robinhood and cryptocurrency ATM operator LibertyX. The state’s regulatory regime, commonly known as BitLicense, imposes a set of […]
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JPMorgan Chase is launching its own cryptocurrency in a first for U.S. banking. On Feb. 14, United States banking behemoth JPMorgan Chase announced its own cryptocurrency. Significantly, it is the first time a major U.S. bank has tapped into digital assets for direct use in business operations. It is fair to say that move comes […]
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The U.S. Securities and Exchange Commission started reviewing a rule change proposal for NYSE Arca’s Bitwise Bitcoin ETF Trust. The United States Securities and Exchange Commission (SEC) started reviewing a rule change proposal for NYSE Arca’s Bitcoin (BTC) exchange-traded fund (ETF) on Feb. 11, according to an official document published today, Feb. 15. According to […]
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The court had previously claimed Blockvest did not violate securities laws with its BLV token sale. The United States Securities and Exchange Commission (SEC) announced it had gained an injunction against initial coin offering (ICO) operator Blockvest, overturning a 2018 court order. The regulator reported the development in a press release published on Feb. 14. […]
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The Financial Conduct Authority reported that investment scams’ losses amounted to over $255 million in 2018. The United Kingdom Financial Conduct Authority (FCA) has reported that common investment scams’ losses — including those crypto-related — amounted in total to over £197 million ($255 million) in 2018. The agency reported the losses in an official press […]
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Chinese payment giants Alipay and WeChat Pay reportedly requested Huobi to remove their services from its OTC trading desk. Alipay and WeChat Pay reportedly requested that crypto exchange Huobi remove their payment services from its over-the-counter (OTC) trading desk, local media agency Sina reported on Jan. 25. Major Chinese digital payments providers, Alibaba’s Alipay and […]
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