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The first half of 2018 has seen more than US$750 million worth of cryptocurrency stolen from exchanges, nearly three times as much as in all of 2017. The losses could rise to US$1.5 billion this year, according to a new report by CipherTrace, a US-based cybersecurity firm that develops...
As recently as last September, the People’s Bank of China announced an immediate ban on Initial Coin Offerings (ICOs) — a method employed by blockchain startups to fund development — and cryptocurrency exchanges in the country. However, last month, China’s main government-controlled broadcaster, China Central Television (CCTV), made what...
Gecko Governance, a regtech blockchain startup based in Ireland, has launched a new compliance solution called Gecko Crypto1 after receiving approval from the Isle of Man Financial Services Authority. The new solution aims to address the issues of accountability and transparency within the ICO market by allowing issuers to...
The Vermont Department of Financial Regulation has issued an order to cease and desist to California company LevelNet over alleged violations of the state’s securities laws, the regulator said on Monday. LevelNet is currently conducting an initial coin offering (ICO) to raise money from investors across the country in exchange...
The U.K.’s Financial Conduct Authority (FCA) has opened up 24 investigations into cryptocurrency businesses, a Freedom of Information request has revealed. In a report from the Financial Times, the U.K.’s top financial watchdog also confirmed that it had opened seven whistleblower reports relating to digital currency companies so far this...