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The San Francisco crypto exchange Kraken has announced the company is offering a $100,000 reward in exchange for a solid lead toward finding the missing Quadrigacx coins. Kraken has explained the company wants to bring more “awareness and attention” to the case and hopefully locate some of the lost funds. Also read: P2P Exchange Hodl … Read more
Digital asset exchange Cryptopia has been given the green light to open again after New Zealand police announced they have almost completed their investigation at its offices. The crypto trading platform suffered a security breach last month when, according to one estimate, as much as $16 million worth of cryptocurrency was stolen. Also read: Brazilian … Read more
A national inquiry into the misconduct of Australia’s banking sector has revealed profit-driven malpractice that has shattered customer trust. Some of the country’s largest banks were found guilty of making families homeless and charging fees for non-existent services, sometimes to dead customers. They also caused clients to lose hundreds of millions of dollars through misleading … Read more
The South Korean government has updated its stance on initial coin offerings (ICOs) as well as announced the results of its 3-month investigation of ICO activities carried out by Korean companies. The government found that many companies have bypassed its ICO ban and conducted token sales overseas. Also read: Indian Supreme Court Moves Crypto Hearing, Community … Read more
The U.K.’s Financial Conduct Authority (FCA) has reportedly provided an update of its investigations of crypto companies. A total of 67 inquiries were launched, 49 of which have been closed, leaving 18 businesses currently under investigation. The UK government has reportedly said it is ready to give power to the FCA to regulate the crypto … Read more
Officials at South Korea’s largest cryptocurrency exchange, Upbit, have been indicted for fraud. They allegedly made bogus crypto orders worth approximately $226 billion and sold 11,550 BTC to around 26,000 investors. Upbit has denied the charges and insisted that it did not commit fraud, engage in wash trades, or trade cryptocurrencies it did not own. … Read more
Lyn Ulbricht, the mother of convicted Silk Road administrator Ross Ulbricht, has expressed hope that U.S. president Donald Trump will pardon her son. Ulbricht’s family believes that Ross didn’t receive a fair trial and his sentencing was extremely harsh for a crime that didn’t involve violence. The interview with Lyn Ulbricht follows the recent 111,588 … Read more
South Korean financial regulators are cracking down on unauthorized cryptocurrency funds. In particular, one crypto fund launched by a local exchange is reportedly being investigated. The exchange claims no wrongdoing as its token activities were carried out overseas, but has promptly canceled its plan to launch a second fund. Also read: Yahoo! Japan Confirms Entrance Into … Read more
In recent regulatory news, a Shenzhen court has ruled in favor of protecting an “equity transfer agreement” involving bitcoin, the judge presiding over a class action lawsuit against Coinbase has granted a motion to dismiss, and an Australian woman has been arrested for stealing 100,000 XRP following a 10-month investigation. Also Read: Regulations Roundup: SEC Considers … Read more
Europe’s top banks allegedly helped wealthy clients across the continent steal 55 billion euros ($63 billion) from multiple governments by making tax reclaims to which they were not entitled, an investigation has revealed. The theft centred around a complex scheme of trading stocks that also involved hedge funds and large international commercial law firms. Also … Read more
