Cryptocurrency News


cryptopyramid-nov16.jpg Eight people have reportedly been arrested in Tokyo for running a cryptocurrency pyramid scheme that collected 7.8 billion yen ($68.42 million) from thousands of investors in Japan. They are suspected to have violated Japan's Financial Instruments and Exchange Law by not registering their business operations with the authorities, the Asahi Shimbun quoted Tokyo's Metropolitan Police Department as

cryptocurrencies-011918_16nov18.jpg Digital Asset exchange OKCoin has expanded its operations to Latin America after covering most of the US states following its expansion to the U.S. in July 2018. OKEx launched a licensed exchange platform in Argentina to offer fiat-crypto trading services. According to OKCoin, traders in Argentina can now deposit or withdraw the Argentine peso (ARS) in exchange for cryptocurrencies.

cryptoatm-sep5_16nov18.jpg The Australian Taxation Office (ATO) has warned taxpayers in the country about sophisticated tax scams, particularly the increasing trend of scammers demanding payment through Bitcoin ATMs. This warning is more pertinent at a time when the November 21 due date for paying tax bills draws near.

evilspawn-nov16.jpg European Central Bank Executive Board member Benoit Coeure has called bitcoin the 'Evil spawn' of the 2008 financial crisis, Bloomberg reported. At the Bank for International Settlements or BIS in Basel, he stated that bitcoin was an extremely clever idea, but not every clever idea is a good idea. Coeure noted that Satoshi Nakamoto mined the first block months after the collapse of Lehman Brothers

crypto-nov15.jpg A summary of some of the popular stories on cryptocurrency and blockchain during the past 24 hours.

mcafee-111518.jpg U.S.-based cyber security firm McAfee Labs has put out a warning about a new Russian cryptojacking malware called "WebCobra," which uses the victims computing power to mine for cryptocurrencies such as Monero and Zcash. According to a blog post written by McAfee Labs security researchers Kapil Khade and Xiaobing Lin, the rise in the value of cryptocurrencies has inspired cybercriminals.

nydig-111518.jpg New York's Department of Financial Services (DFS) has granted a BitLicense to the New York Digital Investment Group (NYDIG), allowing it to offer crypto-related services in the state. New York's Financial Services Superintendent Maria T. Vullo announced Wednesday that DFS has approved the application of NYDIG Execution LLC, a subsidiary of NYDIG LLC, for a virtual currency license and a money tra

bitcoincryptocurrencies-nov15.jpg After months of staying relatively stable, the price of major cryptocurrency Bitcoin plunged below $6,000, and is down around 11.6 percent as of 12 am ET. The sharp variation is believed to be due to the uncertainty surrounding bitcoin cash's hard fork scheduled for November 15. Other cryptocurrencies, including Ethereum and Ripple, also experienced a major sell-off.

crypto-nov14.jpg A summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.

bitcoingroupse-nov14.jpg German cryptocurrency exchange Bitcoin Group SE acquired investment bank Tremmel Wertpapierhandelsbank GmbH, aiming to significantly expand its service portfolio. The purchase price was not disclosed, but the company said it is in the lower seven-digit euro range. With the acquisition, Bitcoin Group expects to obtain the use of Tremmel's banking license.

crypto-nov13.jpg A summary of some of the popular stories on cryptocurrency and blockchain during the past 24 hours.

israeli-central-bank-111318.jpg The Bank of Israel has been recommended not to issue central bank digital currency (CBDC) in the near future. The recommendation comes from an interdepartmental team formed in November 2017 to explore the feasibility of issuing CBDC. The team was established by the Central Bank Governor Dr. Karnit Flug.

michigan-111318.jpg The State of Michigan declared that cryptocurrencies cannot be used as donations to political campaigns. The important ruling was made by Michigan's Department of State while replying to a letter sent by a Republican candidate who lost in the mid term election. William Baker, who sought election to the Michigan House of Representatives to represent District 60, was defeated by incumbent Jon Hoad

bitcoinconfiscated-oct29_13nov18.jpg The U.S. Commodity Futures Trading Commission or CFTC fined Joseph Kim of Phoenix, Arizona around $1.146 million for a fraudulent bitcoin and litecoin scheme. In addition, Kim was sentenced to 15 months imprisonment on related criminal charges filed in the United States District Court for the Northern District of Illinois.

crypto-nov12.jpg A summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.

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