Japan Cracks Down on Illegal Use of Computers to Mine Crypto

The police in Japan are cracking down on the illegal use of personal computers for cryptocurrency mining. Multiple prefectural police departments are currently investigating one particular case and pursuing criminal charges, which would make it the first criminal case in… Continue Reading

Korean Crypto Exchange Coinone and 20 Traders to Face Charges Over Margin Trading

The South Korean police are reportedly preparing to charge Coinone’s executives, including its CEO, and 20 of the exchange’s members. This follows a 10-month investigation on allegations that the exchange provided gambling services through its crypto margin trading program. Also… Continue Reading

Vermont Financial Regulator Orders Cease And Desist To Cryptocurrency Company LevelNet

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)… Continue Reading

Singapore Startup Raises US$8M In ICO For Blockchain Fraud Prevention Platform

Singapore-headquartered startup Uppsala Foundation has raised US$8 million in its initial coin offering (ICO) for the development of its fraud prevention blockchain, Sentinel Protocol. The public token sale reached its sales target under four minutes, the company said. Sentinel Protocol… Continue Reading

Cryptocurrency Trading App Taylor Looses US$1.5M In Hack; Considers “Survival Fund Token Sale”

Taylor, a cryptocurrency startup developing a trading app, was hacked out of more than 2,500 ETH, or approximately US$1.5 million, in addition to 7% of the total supply of its own TAY token, the company said on May 22. According… Continue Reading

UK’s FCA Investigates 24 Cryptocurrency Firms As Bitcoin Price Dips

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… Continue Reading

Verge is Being Hacked, Again

Verge (XVG) has seemingly been the victim of another attack, using a nearly identical attack as last time. Verge is a privacy focused coin that made headlines when pornhub.com started accepting it as a payment method. However, previous to that… Continue Reading

Bitcoin Is Not Used by Organized Crime Syndicates Says Hong Kong Government

Bitcoin is often accused by regulators, governments and central bankers as being a tool for money laundering by criminal organizations, usually without presenting any evidence. A new report from Hong Kong, a major international financial hub and nexus for trade… Continue Reading

$150,000 USD in Ethereum Stolen in MyEtherWallet Hack

For two hours yesterday, April 24th, 2018, hackers diverted visitors of MyEtherWallet.com, accessing user accounts and stealing approximately 215 ether. MyEtherWallet warned users on Reddit and Twitter as soon as the hack was identified. But, this left a couple of… Continue Reading