Latest News

Tether mistakenly released 5 billion USDT
15 July, 2019 16:52

Tether mistakenly released 5 billion USDT

Tether's cryptocurrency platform mistakenly released 5 billion of its tokens. After that, 50 million coins were issued, which were eventually transferred to Poloniex. Representatives of the technical support of the platform also reported that the question of the return of funds is currently being addressed.

UK to tighten crypto regulation under new economic crime plan
15 July, 2019 15:49

UK to tighten crypto regulation under new economic crime plan

London reportedly plans to take stricter measures to monitor the cryptocurrency market in terms of legal compliance. The UK government has unveiled its fresh economic crime plan for 2019-2022 which now contains measures covering cryptocurrencies. 

News Brief: Chinese police arrests crypto miners for $3 million power theft
15 July, 2019 13:28

News Brief: Chinese police arrests crypto miners for $3 million power theft

The Chinese law enforcement forces have reportedly raided and shut down large cryptocurrency mining farm. The farm was located in the city of Zhènjiāng, Jiangsu Province. During the police operation, it was seized 4,000 facilities for cryptocurrency mining.

John McAfee confident Bitcoin to reach $1 million in price
15 July, 2019 13:25

John McAfee confident Bitcoin to reach $1 million in price

American businessman and programmer John McAfee is still confident that by the end of 2020, Bitcoin will be worth $1 million. He reported about it at himself in Twitter.

US Congress can ban large companies from launching crypto assets
15 July, 2019 12:41

US Congress can ban large companies from launching crypto assets

The US Congress has reportedly received a proposal to ban technological giants from running their own assets like Libra. This move was made in ahead of upcoming hearings of the Libra issue in the US Congress.

Southern District Court of New York: BitFunder founder faces 14-month sentence
15 July, 2019 10:39

Southern District Court of New York: BitFunder founder faces 14-month sentence

The Southern District Court of New York has determined to put in prison the founder of cryptocurrency platforms BitFunder and WeExchange Jon Montroll for 14 months. The defendant was arrested and charged with fraud activities and running unauthorized cryptocurrency exchange in February 2018.

South Korean corporations create blockchain consortium
15 July, 2019 10:00

South Korean corporations create blockchain consortium

A consortium of major South Korean technology and banking plans to launch a mobile identification system based on distributed registry technology (DLT) in 2020. The largest South Korean companies have agreed to launch a blockchain-based mobile identification system in 2020. The largest South Korean companies have agreed to launch a blockchain-based mobile identification system in 2020.

IDEO rolls out accelerator for blockchain business with Fidelity, Deloitte, Amazon backing
12 July, 2019 16:09

IDEO rolls out accelerator for blockchain business with Fidelity, Deloitte, Amazon backing

IDEO CoLab has reportedly launched its business project Startup Studio, which is designed to help blockchain startups and entrepreneurs to boost their programmes and initiatives. The project has already won backing from numerous companies including such giants as Fidelity Investments, Deloitte and Amazon.

Donald Trump makes post regarding Libra on Twitter
12 July, 2019 14:18

Donald Trump makes post regarding Libra on Twitter

This week for Facebook's Libra project has been developing progressively. Following the last-week open letter from five US congressmen and recent statement of the US Fed Chairman Jerome Powell, the next hierarchy has become the US President Donald Trump by Friday.

US SEC gives second Regulation A+ license this week
12 July, 2019 12:29

US SEC gives second Regulation A+ license this week

The US Securities and Exchange Commission has approved the distribution of Props tokens among content creators and users of YouNow for rewards in applications. The license was given in line with the Regulation A+.

Japan-based BitPoint platform hacked for about $32 million
12 July, 2019 11:07

Japan-based BitPoint platform hacked for about $32 million

Japan-based licensed cryptocurrency exchange – BitPoint – has been hacked and suffered sufficient losses. The attack hit the platform in the early hours of July 12. The company has suspended all operations by now.

Canada revises AML policies to cover crypto exchanges
11 July, 2019 16:52

Canada revises AML policies to cover crypto exchanges

Canada has reportedly revised and updated anti-money laundering measures effective in the country. The new edition will include measures to be taken by cryptocurrency trading platforms. The government has unveiled the amendments to the effective anti-money laundering policies yesterday.