The Financial Conduct Authority launched the latest round of investigations on Sunday as part of an operation to clean up the crypto sector, with as many as 18 firms under formal investigation.
Vlad Nistor, the CEO of Coinflux, was arrested by local law enforcement, and Coinflux has frozen all services.
Brazil’s largest independent brokerage firm Grupo XP has made plans to put up a cryptocurrency exchange in the country.
Zaif, a cryptocurrency exchange based in Japan, has fallen victim to a hack, resulting in the loss of JPY6.7 billion ($60 million) worth of cryptocurrencies.
The UK Financial Conduct Authority raised the alarm on yet another cryptocurrency-related clone company called Good Crypto, which was reportedly impersonating an FCA-authorized firm to lure investors.
Thai authorities say they have received 20 applications for crypto exchange licenses, and another 50 applications from ICO issuers interested in securing licenses to raise money in the country.
An Incheon District Court judge has fined two men accused of using a pyramid scheme involving fake virtual currencies to reap $20 billion from South Korean investors.
Near-field communication (NFC) wallets the size of a grain of rice are becoming all the rave because of their usefulness and installation location—under the wallet owner’s skin.
Coinsecure found out that 438.318 BTC was stolen from their company wallet. They claim, however, that the attack was not instigated by external entities, but by their own chief security officer, Dr. Amitabh Saxena.
JPMorgan Chase and Co has been slapped with a lawsuit on the exorbitant interest rates it allegedly charged a client who purchased cryptocurrency in Idaho.
Initially to be restricted to professional traders, CMC’s cryptocurrency contracts for difference and spread betting products provide an investment similar to derivatives, allowing for greater trading flexibility and leverage.
Despite cryptocurrencies being tagged a “fraud,” a leaked internal report might show a change of heart in the leading financial services company.
