Japan’s financial regulator is pushing to improve internal security in the country’s cryptocurrency exchanges. On Tuesday, in a development that marks Japan’s intent to increase its oversight of cryptocurrencies, Japan’s financial regulator stated, cryptocurrency exchanges will now require to strengthen internal oversight of “cold wallets” used to store digital money, said a source with direct…
In a warning to investors, China’s central bank – Shanghai Head Office – has warned investors not to invest blindly in virtual currencies and ICOs. On Tuesday, in a disclosure aimed at increasing risk awareness among investors, China’s central bank Shanghai Head Office warned investors that initial coin offerings (ICOs) and virtual currency investment carry…
The ruling will enable the U.S. Commodity Futures Trading Commission (CFTC) to regulate cryptocurrencies and make make fraudsters more accountable for their actions. In a landmark ruling, U.S. federal judge Jack Weinstein ruled that virtual currencies, including bitcoins, can be regulated as commodities by the U.S. Commodity Futures Trading Commission (CFTC). The ruling allows the…
Singapore aims to be the top Asian hub for cryptocurrencies and ICOs. On Thursday, an official from Singapore’s central bank stated that it is in the process of assessing whether additional regulations will be required in order to protect cryptocurrency investors. Singapore is aiming to be the top hub for financial technology and ICO offerings…
Coincheck’s statement comes in the wake of a cyber attack in which it lost $425 million of NEM coins, marking it as one of the biggest heists in the digital currency’s history. Coincheck Inc, a Tokyo-based cryptocurrency exchange stated it would return neqarly $425 million (46.3 billion yen) of virtual money it lost to a…
With much of its exports to China being blocked by U.N sanction, an impoverished and increasingly cornered North Korea has taken the cyber route to enriching itself. With the recent surge in the price of bitcoins, cyber security experts opine the net worth of its stolen tokens amount to $82 million. With more international sanctions…
While the 1st attack has been linked to North Korea’s spy agency, South Korea’s KISA along with local law enforcement agencies have begun investigating the hack in which 4,000 bitcoins were stolen. On Tuesday, Youbit, a South Korean cryptocurrency exchange disclosed, it was shutting down for bankruptcy following a second hacking attack this year. The…
Although crypto currencies are yet to go mainstream, the fantastic appreciation of the value of the Bitcoin is pushing many central banks to issue their own digital currency. On Thursday, Yves Mersch, a member of the European Central Bank’s executive board stated, if banks were to speed up the introduction of instant payments it would…
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