The Daily: Coinbase Denies Self-Trading, Kraken Gets Feisty

The dust had barely settled on New York’s Virtual Markets Integrity Initiative when the exchanges profiled came out swinging. Kraken and Coinbase’s responses to the Attorney General’s report are featured in this edition of The Daily. Also, what can the cannabis bubble teach us about the bitcoin boom? Also read: 8 Surprising Findings from New York’s … Read more

New York OAG Finds 3 Serious Issues with Cryptocurrency Exchanges

According to a report by the New York Attorney General’s office, the majority of cryptocurrency exchanges fail to incorporate adequate safeguards and consumer protections. They are also extremely susceptible to market manipulation, insider trading, and conflicts of interest. So, tell us something we don’t know.   3. Conflicts of Interest Abound According to the report, … Read more

Danske Bank’s Alleged Money Laundering Now Totals $234 Billion, CEO Quits

The investigation into Danske Bank’s alleged money laundering has uncovered new funds. The amount of “questionable money” flowing through the bank’s Estonian branch has grown from $150 billion to approximately $234 billion. In response, the CEO of Danske Bank turned in his resignation. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals From … Read more

Japanese Regulated Exchange Zaif Hacked – Nearly 6000 BTC Stolen

Japanese government-approved cryptocurrency exchange Zaif has confirmed that it has been hacked. After a preliminary investigation, the exchange says at least 5,966 BTC have been stolen, with an estimated total damage of $60 million. Some of the stolen coins belong to the exchange but the majority belong to customers. Also read: 160 Crypto Exchanges Seek to … Read more

Russian Law Won’t Mention ‘Cryptocurrency’, Russians Won’t Stop Trading

Russia is preparing for the long-awaited legislation tailored to regulate its crypto space. According to the latest reports from Moscow, the term “cryptocurrency” has been taken out of the legal texts. Nevertheless, Russians have no reasons to doubt the existence of the decentralized electronic cash. They have many options to get involved in cryptocurrency, regardless … Read more

Credit Card Cartels Landed With $6.2 Billion Bill

Visa and Mastercard have run up the mother of all credit card bills. The monopolistic payment providers had been embroiled in a long-running lawsuit instigated by merchants protesting their excessive fees. The credit card giants have now conceded defeat and agreed to settle the price-fixing case for a whopping $6.2 billion. Also read: Raising the Dead: … Read more