NiceHash Co-Founder Arrested in Germany

The former CTO and co-founder of the Slovenian cryptocurrency hash power broker NiceHash has been arrested in Germany on charges of being a member of a group of hackers that was in charge of millions of dollars robbery.As the Slovenian news portal 24UR.com reports, Matjaz Skorjanec was detained by German law enforcement last Monday....

OneCoin Scam Victim Files Lawsuit after $760,000 Loss

Cryptocurrency firm OneCoin is officially sued for scamming thousands of investors in a Ponzi scheme with one of the plaintiffs using over $700,000 in the scam. A class action document was filed on May 7 at the US Southern District Court of New York for multiple charges against four executives behind OneCoin. The crypto...

Polish Crypto Exchange Bitmarket Unexpectedly Shuts Down

Bitmarket, the Polish cryptocurrency exchange which started operating in 2014, stopped all operations without warning earlier this week. The exchange cited ‘loss of liquidity’ as the reason for its shutdown but declined to provide any further information, including what will to happen to funds in user exchange wallets. According to the message currently displayed on...

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...

Malta will use Blockchain Technology to Register All Rent Contracts

On Sunday, Joseph Muscat, the Prime Minister of Malta, announced that every rental contract in Malta would soon be registered on the blockchain. The new rules requiring that all property rental contracts be registered on a blockchain are done for security considerations, local news outlet Malta Today reported on June 23. The reformed rental laws...

France creates G7 cryptocurrency task force following launch of Facebook’s Libra

France’s central bank governor, Francois Villeroy de Galhau, announced plans for the creation of a task force dedicated to cryptocurrencies. The task force, representing the G7 countries, will be lead by European Central Bank board member Benoit Coeure. The purpose of the G7 task force is to study how central banks ensure cryptocurrencies like Facebook's recently launched Libra...

Italian Government With New Plan on Taxing Savings in Held in Bank Safes

The Deputy Prime Minister of Italy has proposed a new tax on cash and other valuables stored in bank safes by the country’s citizens. If made into a law, the measure could mark a move towards Bitcoin and other cryptocurrencies as a way to keep the government out of citizens’ safe boxes. This proposal came amidst rising geopolitical tensions...