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South Korea Cracks Down on Unauthorized Cryptocurrency Funds

South Korean financial regulators are cracking down on unauthorized cryptocurrency funds. In particular, one crypto fund launched by a local exchange is reportedly being investigated. The exchange claims no wrongdoing as its token activities were carried out overseas, but has promptly canceled its plan to launch a second fund. Also read: Yahoo! [Read More...]

UK Government Moots Ban on Cryptocurrency Derivatives

The U.K. government is considering a ban on cryptocurrency-linked derivative products. The Financial Conduct Authority said in a report on Oct. 29 that it will begin consultations on whether to ban the sale of derivatives based on digital coins like BTC as well as to restrict crypto-based contracts of difference to the public. Virtual currency [Read More...]

Coinbase Raises $300 Million, Reaching $8 Billion Valuation

The San Francisco-based cryptocurrency exchange and brokerage service Coinbase announced on Tuesday that it had raised $300 million in series E equity funding. This latest round confirms Coinbase’s status as the largest cryptocurrency organization of its kind, bringing its market valuation up to $8 billion. Also read: Bitstamp Confirms [Read More...]

Russia’s Financial Watchdog to Oversee the Cryptocurrency Industry

Russia’s Federal Financial Monitoring Service has revealed that it will regulate cryptocurrency-related transactions in the country, with a senior official saying that the agency will also oversee the broader cryptocurrency industry, in accordance with recommendations issued by the Financial Action Task Force (FATF). Also read: Ukraine Plans to [Read More...]

Bitstamp Confirms Acquisition by South Korean Company

Bitstamp has confirmed that it has been acquired by a European subsidiary of a South Korean corporation. Nejc Kodrič will remain the CEO of the exchange. The Korean group also owns gaming giant Nexon and Korbit, the country’s fourth largest crypto exchange. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Bitstamp Acquired The [Read More...]

Coincheck Reports Deepening Losses of $5.3 Million in Third Quarter

Coincheck reported a pre-tax loss of 588 million yen (US $5.3 million) for the third quarter of 2018, the Japanese exchange’s second consecutive quarterly loss since hackers pilfered $530 million in January. That’s an increased deficit of 130 percent from the 259 million yen ($2.3 million) loss the previous quarter. Also Read: French Business [Read More...]

Pandacash Wins Grand Prize at BCH Devcon

The second BCH Devcon hackathon took place in Amsterdam on Oct. 27-28, with more than 100 people competing to build useful cryptocurrency applications. The event culminated with a project called Pandacash winning the grand prize by delivering a “one-click” Bitcoin Cash blockchain software development kit. Also read: Send Bitcoin Cash Over the [Read More...]

Rumors of Exit Scam Swirl as Maplechange Loses Funds in Hack

Maplechange, a small Canadian cryptocurrency exchange, has ceased operations following the purported theft of all the funds it was holding. Despite promises of an investigation into the matter, many have accused the exchange of attempting to stage an exit scam. Also Read: Japanese Regulator: Stablecoins Are Not Cryptocurrencies Under Current Law [Read More...]

Review: 7 of the Best Cryptocurrency Widgets for Webmasters

When you’re running your own website, widgets are the final piece of the puzzle, as these simple lines of HTML or Javascript code can be used to pull in custom content from third-party developers. Placed judiciously in sidebars, footers, and anywhere else there’s a space to be filled, widgets can make your homepage feel like it represents your [Read More...]

Thai SEC Warns About 9 Unauthorized Tokens

Thailand’s Securities and Exchange Commission (SEC) has warned about nine unauthorized tokens and initial coin offerings. These have neither been approved by the authorities nor met the necessary requirements. In addition, the regulator is also reportedly considering allowing asset management companies to launch cryptocurrency funds. Also [Read More...]
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