Crypto News

North Korea Hacked Crypto Exchanges and Ran ICOs to Fund Regime: Report

Advertisement Twitter Facebook LinkedIn According to cybersecurity firm Inksit Group, state-funded hackers in North Korea have been targeting crypto exchanges in South Korea to circumvent various sanctions imposed on the regime. The security firm alleged the government of North Korea of running illicit initial coin offering (ICO) projects and breaching into large crypto exchanges. “We […]

Ethereum

Expect the SEC to Target More Token Exchanges After EtherDelta

The Securities and Exchange Commission’s (SEC) settlement with the founder of EtherDelta is likely the first of many enforcement actions to come against crypto token exchanges. Until recently, the SEC’s scrutiny of the cryptocurrency industry largely focused on projects and teams that raised money through initial coin offerings (ICOs) in possible violation of securities laws. But a […]

Ethereum

Will EtherDelta Charges Lead to the Demise of Decentralized Crypto Exchanges?

Advertisement Twitter Facebook LinkedIn The US Securities and Exchange Commission (SEC) has charged Zachary Coburn, a co-founder of decentralized crypto exchange EtherDelta, for operating an unregistered national securities exchange. SEC Charges EtherDelta Founder With Operating an Unregistered Exchange https://t.co/KYRBmn2UHw — SEC_News (@SEC_News) November 8, 2018 In its official statement, the SEC also emphasized that EtherDelta […]

Crypto News

Binance Remains Biggest Crypto Platform, Volume of Exchanges in Korea Surge

Advertisement Twitter Facebook LinkedIn Blockchain Transparency Institute released the global crypto exchange rankings of November, ranking Binance at the top with a 24-hour volume of $ 1 billion. With more than 160,000 24-hour web users, Binance easily surpassed OKEx, the second largest crypto exchange in the market, in terms of the number of active users, […]

Crypto News

Brazil Tax Authority Orders Crypto Exchanges to Provide Monthly Reports

Brazil’s tax regulator, the Department of Federal Revenue, is requiring local cryptocurrency exchanges to report their operations on a monthly basis in order to verify tax compliance and improve the country’s fight against money laundering and corruption. Brazillian Cryptocurrency Exchanges to Report Monthly Trading Data to Authorities Citing the examples of Australia and South Korea, […]

Bitcoin

Hong Kong Crypto Exchanges Coming Under Increased Regulatory Scrutiny

The Securities and Futures Commission (SFC) of Hong Kong appears set to adopt a new approach to regulating the local cryptocurrency trading market. This announcement comes after the FSC chairman, Carlson Tong Ka-shing, said that Hong Kong needed a more robust regulatory framework for cryptocurrency trading.  Expanded Regulatory Oversight In a press release issued by […]

Crypto News

Korea’s Finance Minister Approves Banks Working With Crypto Exchanges

Advertisement Choi Jong-Ku, the commissioner of the Financial Services Commission (FSC) of South Korea, has reaffirmed that there exists no issues related to compliance and security in the process of banks providing virtual bank accounts to local cryptocurrency exchanges. At the state affairs audit conducted by the government of South Korea to evaluate the progress […]

Crypto News

Over Half of All Crypto Exchanges Have Security Vulnerabilities: Report

Advertisement A recent report from ICO Rating has found that only 46% of cryptocurrency exchanges meet the desired security parameters with the remaining 54% considered to have sub-par security measures in place, leaving hundreds of thousands of traders and investors exposed. The sample group of exchanges contains 100 exchanges all of which have a 24-hour volume […]

Crypto News

Total Ban on Crypto Exchanges Unnecessary: Hong Kong Regulator

Advertisement The outgoing chairman of Hong Kong’s securities regulator has – unlike China – ruled out a total ban on domestic cryptocurrency exchanges, suggesting formal regulations instead. Hong Kong’s Securities and Futures Commission (SFC) is drawing plans in reaction to the growing appetite for cryptocurrencies like bitcoin among retail investors and traders – by regulating […]