Crypto thefts worldwide to hit over $1B in 2018
Cryptocurrency thefts globally are expected to reach over $1 billion this year, about four times the recorded thefts last year.
The Latest Business News
Crypto exchange Binance delists 4 altcoins
In an effort to protect its users, cryptocurrency exchange Binance announced that it would delisting four cryptocurrency tokens from its platform, effective Oct. 12.
First central bank-backed crypto exchange in Persian Gulf to launch in 2019
Middle East is about to get its first central bank-licensed cryptocurrency exchange, courtesy of Rain Financial.
South Korea’s Cashierest hit with lawsuit over price pumping schemes
A cryptocurrency exchange in South Korea has been sued over its alleged price-pumping schemes that involves token issuance.
QuadrigaCX sees over $20M frozen as Canada’s ‘banking cartel’ steps up crypto attacks
In the latest example of banks taking exception to promising crypto businesses, press reports have revealed that Vancouver-based QuadrigaCX has been facing a freeze on assets worth as much as CAD28 million.
Coinfloor, UK’s first crypto exchange, lays off staff: report
The exchange is now turning to significant redundancies amongst its 40 strong team, as part of a wider essential restructuring of their business, sources told Financial News.
FINMA issues landmark Swiss license for crypto asset management
The Swiss Financial Market Supervisory Authority granted licensing approval to Crypto Fund, an investment fund based in Zug.
UAE may soon allow companies to raise funds via ICOs
A new set of rules will allow domestic companies in the United Arab Emirates (UAE) to raise funds via initial coin offerings (ICOs).
OTCXN hires Kingdom Trust as custodian
Trading platform OTC Exchange Network (OTCXN) announced its partnership with cryptocurrency custodian Kingdom Trust.
Singapore set to receive first fiat-to-crypto exchange
The Singapore's first fiat-to-cryptocurrency exchange, EurekaPro, is already accepting beta testers and over 8,000 individuals signed up the first week the testing was offered.
Gap600 service targets crypto exchanges’ common pain point—transaction lags
Fintech company Cinnober has partnered with payment solutions provider GAP600 to enable instant confirmation of cryptocurrency transactions on exchanges.
Binance to donate listing fees to charity
After coming under fire for what some have viewed as exorbitant listing fees, crypto exchange Binance announced that all of the fees it collects for listing new cryptocurrencies will be donated to charity.