Nouriel Roubini Pens an Anti-Crypto Letter, Calls Financial Regulators to Wake Up

Nouriel Roubini Pens an Anti-Crypto Letter, Calls Financial Regulators to Wake Up

Professor and renowned economist Nouriel Roubini, also known as Dr. Doom due to his gloomy predictions, penned down a long anti-crypto letter on July 16, calling on the U.S. financial regulators and other regulators to wake up from their slumber concerning crypto. According to Roubini, every civilized country operates stringent financial laws for good reasons. Creating a means to circumvent these laws only allows for fraudulent acts at the detriment of investors. Despite the multitude…

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Drug Trafficking Group in Spain Used Crypto ATMs for Money Laundering

Drug Trafficking Group in Spain Used Crypto ATMs for Money Laundering

With cryptocurrency came a lot of innovative developments. One of such innovations is the creation of ATM-like machines specifically for dispensing virtual currencies. These machines function like the conventional automated teller machines (ATMs). You can put in a specific amount to get the equivalent worth in crypto coins or convert the cryptocurrencies in your wallet to fiat currency and withdraw the hard cold cash. This development was highly welcomed in the crypto community, only that…

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Japanese Crypto Exchange Bitpoint Loses $32 Million in a Hack and Ceases Operations

Japanese Crypto Exchange Bitpoint Loses $32 Million in a Hack and Ceases Operations

When it comes to cyber-attacks on cryptocurrency service providers such as crypto exchanges, trading platforms, wallet service providers, etc. Japan has been quite prolific. Recently, another Japanese crypto exchange, Bitpoint, stopped its trading services due to a major cryptocurrency hack resulting in a loss of about 3.5 billion Japanese Yen ($32 million) worth of cryptocurrency, which includes popular cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Ripple (XRP), etc. On July 11th, Bloomberg reported that…

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Second Largest Crypto Exchange in Poland Bitmarket Suddenly Shuts Down

Second Largest Crypto Exchange in Poland Bitmarket Suddenly Shuts Down

With all of the security breaches drama going on in the crypto space, I guess this is a very valid question to ask – who is next? Recent news of crypto exchanges being hacked and some exchanges disappearing into thin air has called for concern on the security level of digital asset exchanges. The last straw that broke the camel’s (one of many camels’) back is the sudden collapse of the second largest crypto exchange…

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Crypto Exchange Coinsquare Wants to Upgrade ATMs to Crypto ATMs with Fintech Acquisition

Crypto Exchange Coinsquare Wants to Upgrade ATMs to Crypto ATMs with Fintech Acquisition

Coinsquare, a leading Canadian crypto exchange, has recently acquired a controlling stake in fintech software developer company Just Cash. Coinsquare may expand its services with this investment. The amount of investment isn’t disclosed yet. The software developed by Just Cash will allow the users to buy cryptocurrencies directly from ATMs (any regular ATM) without disturbing their normal operations and without the necessity of installing any extra hardware and apps from either the user or the…

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India Becomes Anti-Crypto? Indian Crypto Exchange Koinex Ceases Operations

India Becomes Anti-Crypto? Indian Crypto Exchange Koinex Ceases Operations

One of India’s largest crypto exchanges and trading service provider, Koinex, has recently announced on its official blog that the firm has shut down its trading services as of June 27. Koinex co-founder Rahul Raj stated in the Medium blog post the following: “After months of uncertainty and disruption, we have regretfully decided to shut down all digital assets exchange services and operations today.” He further affirmed that the deadline for withdrawing all the funds…

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$4.5 Million Hack Scare into Crypto Exchange Bitrue; “100% Funds Recovered”

$4.5 Million Hack Scare into Crypto Exchange Bitrue; “100% Funds Recovered”

Bitrue, a crypto exchange based in Singapore, announced another hack scare into its platform the early hours of Thursday, June 27th. According to a series of tweets released by the crypto exchange on Twitter and its Telegram account, the firm’s security team detected a massive hack at about 1 am on June 27. Stating from the report provided, the hack affected about 90 Bitrue users’ wallets and totals at a whopping sum of $4.5 million…

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Bitwise Partners with Amun to Launch Another Crypto Exchange-Traded Product

Bitwise Partners with Amun to Launch Another Crypto Exchange-Traded Product

Swiss fintech startup Amun AG has joined crypto asset manager Bitwise to launch a multi-crypto-based exchange-traded product (ETP), as per a press release on June 26. The announcement says that Bitwise Index Services, a Bitwise index calculation subsidiary has licensed “The Bitwise 10 Select Large Cap Crypto Index” to Amun AG. The purpose of this move is to bring a diversified crypto ETP to the market, claims the press release. The index will act as…

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European Authorities Arrest Six Suspects for €24 Million Typosquatting Crypto Fraud

European Authorities Arrest Six Suspects for €24 Million Typosquatting Crypto Fraud

News being reported from Europe by EU law enforcement agencies about the arrests of six individuals involve in a multi-million crypto fraud case. These arrests were executed by the United Kingdom’s South West Regional Cyber Crime Unit in collaboration with other European authorities after an investigation of fourteen months. The UK’s SW RCCU carried out this task as a joint operation with Europol, Eurojust, Dutch police and the Britis National Crime Agency The reason for…

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Two Israeli Brothers Suspected of the Crypto Exchange Bitfinex Hack in 2016

Two Israeli Brothers Suspected of the Crypto Exchange Bitfinex Hack in 2016

The Israeli media outlet Posta reports that two brothers from Jerusalem, Israel, were arrested by investigators of the national cyber unit at Lahav 433 for stealing $100 million from global crypto exchanges after the investigation had already begun in 2017. In a different report, it is stated that one of the crypto exchanges is no other than Bitfinex, which was indeed hacked in 2016 and consequently over $70 million had been stolen. According to investigators,…

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