Is The $3 Billion Ponzi Scheme To Blame For The Recent Bitcoin Slump?

Dovey Wan, the founding partner of the blockchain-based investment company Primitive Ventures, has made waves throughout the crypto industry by releasing the information which connects the China-based wallet PlusToken to the recent slump in bitcoin prices. After the world’s biggest digital coin created an 18-month high just below the $14,000 handle in June, it started...

StockX Suffered a Major Hacking Attack in May And Then Misled Its Customers

StockX, a Detroit based startup that runs a popular platform for buying and selling sneakers and other apparel, suffered a major hacking attack in May, TechCrunch reports. The law enforcement agencies are notified of the incident.  On August 08, StockX sent a letter to their customers “Notice of Data Breach”, in which they confirmed that...

Thai AML Chief Pushes For Crackdown on Cryptocurrency

Preecha Charoensahayanon, the secretary-general of Thai Anti-Money Laundering Office (AMLO), has urged legislators to amend the current version of the Anti-Money Laundering Act, with an aim to oblige providers of cryptocurrency exchange services to report their activities to AMLO, Bangkok Post reports. The proposed change will likely result in bringing cryptos under the AML...

SEC Clears Blockstack to Hold First Regulated Token Offering

The Securities and Exchange Commission on Wednesday cleared blockchain startup Blockstack to sell bitcoin-like digital tokens. This is the first-of-its-kind offering that could mark the beginning of a new fundraising model for cryptocurrency businesses. The startup’s $28 million offering was approved by the SEC under Regulation A+. This is an alternative to an initial public...

Turkey Announces Plans for Central Bank Cryptocurrency

In the light of recent economic challenges with the decline of its sovereign currency, Turkey has proposed the formation of blockchain-based central bank currency. The proposal was put forth in the eleventh development plan 2019-2023 submitted to the Turkish Parliament on JULY 8 2019. The eleventh development plan, published on the government’s official website, contains...

UK markets watchdog proposes retail ban on crypto derivatives

Britain’s markets watchdog has come forth and proposed a ban on the sale of derivatives based on crypto-assets to retail consumers due to the prevalence of market abuses. Crypto-assets as they are known include popular crypto currencies like Bitcoin, Ethereum, Litecoin and Monero as well as various utility tokens issued by companies and are tradeable on...