Crypto Mining Must Be Regulated, Claims US Human-Trafficking Expert

Yesterday, an expert witness told a U.S. Senate subcommittee that cryptocurrencies are clearing the way for human trafficking, saying this industry can be much better controlled than it is now. David Murray, the vice president of product development and services at Financial Integrity Network began his speech by focusing on the immense profits human traffickers...

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...

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...

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...