Crypto News

Texas financial regulator orders 15 alleged crypto scams to cease their operations.

Texa financial regulator has ordered 15 cryptocurrency and foreign exchange scams to cease their operations immediately. The financial watchdog issued cease and desist orders to the firms, claiming they have been using the Internet to “advertise, hype and sell...

Crypto exchange KuCoin resumes deposits and withdrawals after the September hack.

After a $275 million hack in September, crypto exchange KuCoin announced that it has “restored the deposit and withdrawal services of all tokens.” After a partial reopening of services in October, this restoration of services is the exchange’s latest...

Chinese city Suzhou to roll digital yuan testing next month.

Chinese city Suzhou is reportedly rolling out a test for the country's central bank digital currency dubbed DC/EP in "red packets" starting next month. The Paper, an online media under the state-owned Shanghai United Media Group, reported that the...

US rapper T.I’s associates charged for promoting a fake ICO.

Three associates of U.S. rapper and actor Clifford Joseph Harris Jr., also known as T.I., will have to part with $103,000 in connection with their alleged roles in promoting a scam initial coin offering (ICO). The three had been...

New securities regulations in Thailand help boost crypto businesses.

The Securities Exchange Commission of Thailand has announced new rules that will allow digital currency businesses to take advantage of crypto assets to determine net capital funds, in a move expected to increase liquidity in the sector. The regulator...

Crypto derivatives exchange BitMEX’s users have two weeks to update KYC.

Crypto Derivatives platform BitMEX has reminded users that they have two weeks to update their KYC (Know-Your-Customer) information. If the deadline is missed, users would not be allowed to withdraw funds or maintain positions. BitMEX users who fail to...

International Monetary Fund’s research suggests central banks need new legal definitions for CBDCs.

The International Monetary Fund published a new working paper on central bank digital currencies (CBDCs) and their legal ramifications. In the paper, researchers, including IMF legal counsel Wouter Bossu and Catalina Margulis, argue that current frameworks are inadequate for issuing CBDCs....

Former executive at the Bank of Japan says digital yen would take years before it becomes a reality.

Hiromi Yamaoka, the former head of payment and settlement systems at the Bank of Japan, said the central bank still has some distance to go before it can launch a digital currency, despite mounting international pressure to do so,...

US OCC seeks to ban discriminatory practices against crypto businesses.

The US Office of the Comptroller of the Currency issued a regulatory proposal that seeks to ensure that crypto businesses enjoy the same facilities when it comes to having a bank account as any other legitimate endeavors. The OCC...

Bitcoin Casino Bettors See Shorter Time Gaps on Payments

Bitcoins have had a pretty good year in 2020. It’s been a bad year for many other investments and pretty much everything else, but for the most part, Bitcoins have managed to rise above the pandemonium and maintain order...

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Texas financial regulator orders 15 alleged crypto scams to cease their operations.

Texa financial regulator has ordered 15 cryptocurrency and foreign exchange scams to cease their operations immediately. The financial watchdog...
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