SEC weeds through 200 pages of complaints against Coinbase
Complaints to Coinbase continue to pile up, with users alleging theft of funds and a lack of response on the part of the company.
Latest Business News
ICOs face ‘day of reckoning,’ CBOE president says
CBOE President Chris Concannon has said that there will be a major “reckoning” soon in the ICO market, and it will happen in two phases.
French regulator blacklists 4 unauthorized crypto websites
Autorité des Marchés Financiers (AMF) has added four websites, which have been offering crypto investments without licenses, to its list of blacklisted domains.
Grammy-winning singer Akon wants to build crypto city in Senegal
The Akon Crypto City will blend smart city planning design with a blank canvas for "cryptonizing" daily life, and will use the Akoin crypto as the basis of transactions.
Crypto in Africa: Golix eyes expansion, South Africa sees new blockchain hub
The crypto bug is quickly spreading across Africa, as the popularity and adoption of virtual currencies and blockchain-based startups and hubs continue to rise in the continent.
NASDAQ CEO issues warnings about ‘serious risks’ of ICOs
As the new age of exit scams or “exit hacks” remains unruly, both regulators and crypto experts are expressing concern over the lack of accountability in the space—making it a breeding ground for opportunistic actors.
BTC fees spike up again as Bithumb moves funds to cold wallet post-hack
Not only did the hack drag down the trading value of BTC, it also spiked up average transaction fees on the BTC chain.
Philippine bank brings blockchain remittance service to Japan
Explore how a Philippine bank revolutionizes remittances in Japan with blockchain technology.
Medium is a favorite for crypto discussions, but not for long
Over the course of the past week, it has come to light that Medium has begun to suspend a number of blogs related to cryptocurrency projects.
Australian Tax Office goes after crypto investors
According to Australian Tax Office (ATO), cryptocurrencies are an asset that earn thus are considered capital gains, just like real estate sales which ATO also considers taxable.
Turcoin founders flee Turkey with millions in investors’ money
Turkish investors are reeling from reports that the founders of Turcoin, described as Turkey’s “national” crypto, fled the country with their money.
Crypto Fund AG receives Swiss license to distribute funds
Crypto Fund AG, a fund based in the ‘blockchain city’ of Zug in Switzerland, announced that it had received a license from financial market supervisor FINMA to distribute funds.
Russia’s 2 largest banks to test crypto portfolios, starting with Top 6 cryptocurrencies
State-owned Sberbank and Russia’s largest private bank, Alfa Bank, are testing cryptocurrency investment portfolios under the central bank’s ‘regulatory sandbox.’
Bithumb hacked, $30 million reportedly lost to thieves
South Korean exchange Bithumb, the sixth largest in the world, has reportedly been hacked with damages amounting to $30 million in cryptocurrencies.
John McAfee will no longer promote ICOs due to SEC pressure
The cybersecurity entrepreneur announced he will no longer engage in promoting ICOs following what he described as “threats” from the U.S. Securities and Exchange Commission.
Japanese crypto exchanges face government action over lack of AML policies
FSA will be issuing its now-famous business improvement orders to at least five different exchanges, in a bid to ensure the companies comply with anti-money laundering regulations.
Coinrail to restart operations despite hack, controversies
Coinrail tweeted this past Monday that they will resume service before July 15, a statement which hasn't been received well by a number of traders.
GDAX exchange counts days until removal
The Coinbase-owned GDAX exchange will officially turn off the lights on June 29 to make way for Coinbase Pro which will provide a number of upgraded features and enhancements not seen on GDAX.
Jack Dorsey’s payments firm Square picks up New York BitLicense
The New York State Department of Financial Services has approved financial services provider Square Inc.’s application for a BitLicense, making it the ninth company to hold the virtual currency license or charter in the state.
US Senate candidate returns $130,000 worth of BTC donation
Under the Federal Election Commission’s regulations, campaign donations to a candidate in the United States are capped at a $5,400 maximum.