In a new low for the defunct BitGrail, an Italian Court has demanded the bankrupted exchange to pay up the ‘lost’ $170 million. In January 2018, BitGrail had been hacked of $170 million in Nano which was earlier known as Raiblocks. As per various cryptocurrency reports, the Nano was worth $14 million but when the […]

Union Pay, China’s leading financial services provider, has warned against illegal transactions in a letter. It has listed 25 virtual currency over-the-counter (OTC) transactions. Union Pay advises exchanges to work on a comprehensive self-inspection and rectification process. The financial services provider considers token issuing financing, internet sales lottery platforms and virtual currency trading to be […]

The Republic of the Marshall Islands is ready to launch the world’s first national cryptocurrency, Sovereign (SOV), with smart card wallet maker, Tangem. SOV is expected to be out in the form of paper banknotes. Presently, Marshal Islands official legal tender is the US dollar. According to the press release SOV is based on blockchain. […]

The New Taipei Police have arrested fifteen suspects for allegedly defrauding thirty people of US$8.13 million in the IBCoin cryptocurrency investment scam. The Criminal Investigation Bureau (CIB) Chief Li Chi-hsun said the group had been caught in two raids on January 9 and 17. The Chief said Lin the group’s leader “bought IBCoins from mainland […]

The Swiss Crypto Valley is witnessing an unprecedented growth in cryptocurrency market despite a ‘low’ winter. There has been a build-up of 121 companies, 20 per cent compared to the last count which was at September end 2018. And this is as per the latest survey – December end 2018. Mathias Ruch, the founder and […]

The United Kingdom through its Financial Conduct Authority (FCA) is consulting on ‘Guidance’ for cryptoassets to provide regulatory clarity. The FCA acknowledges cryptoasset market and the quickly developing distributed ledger technology (DLT), and it wants to support consumers to understand the cryptoasset market. It said the final ‘Guidance’ will help market participants understand whether the […]

The American state of Pennsylvania does not recognize cryptocurrencies as money. Under the Money Transmitter Act (MTA), money is described as currency or legal tender, that is recognized as a medium of exchange. A new document released by the Pennsylvania Department of Banking and Securities (DoBS) states the cryptocurrency is not subjected to the MTA. […]

To the delight of cryptocurrency enthusiasts, Adena Friedman, the president and chief executive officer of Nasdaq the American Securities Exchange, said cryptocurrencies has the potential of one day making it as a global currency. Friedman noted that cryptocurrencies have come a long way since it emerged a decade ago. She said they believe that cryptocurrencies […]

EOS has upgraded itself into the new year with a higher transaction speed. The latest version EOSIO V1.6.0 has brought about a 35 per cent boost. In an official blog, the company said it will improve the efficiency of the peer-to-peer networking layer besides real-time transactions to ultimately boost the overall speed. “Our own internal […]

Saudi Arabia and the United Arab Emirates have unveiled the first of its kind pilot cryptocurrency cross border initiative. This new project is part of the Saudi-Emirati Coordination Council. And there is no doubt that this will also boost investor confidence in cryptocurrencies. The official statement says that the pilot cryptocurrency project focuses on cross […]