For the first time, a judge in South Korea has stepped forward and handed out sentences to two crypto executives for falsifying exchange volume reports and profiting from internal wash trades. The two executives hail from the Komid exchange in South Korea, although one individual is also the CEO of fledgling coin system by the…
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Bitcoin zealots and enthusiasts were jumping for joy last week when a Russian economist, a Professor Ginko, who works closely with the government, announced that Russia would soon be buying bitcoin. Before the professor could take a breath, the news went viral. He also noted that purchases could occur as soon as February of this…
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In many respects, the world of cryptocurrencies is very reminiscent of the evolution of retail forex trading in the nineties. At that time, every aspect of trading in this new genre was an innovative adaptation of existing technologies, but with an entirely different look and feel. Regulatory agencies around the globe were unprepared for what…
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Not every government official across the globe contends that cryptocurrencies are the scourge of the earth. In fact, there are many of those in and out of authority that have spoken out from time to time in support of digital currencies and have been critical of government agencies that are stifling innovation. One such individual…
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One of the most insidious tools within the cyber-criminal’s toolbox is malware, especially the form that invades your computer and reports back your every keystroke for further processing down the line. AI-driven software routines can quickly ferret out your private login and password combinations, such that it is only a matter of time before the…
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In the latest chapter of the continuing saga of Cryptopia, Binance has stepped forward and claimed to have frozen a portion of the stolen assets from the beleaguered crypto exchange. New Zealand police and the High Tech Crime Consortium (HTCC), an agency that deals with cybercrime, are presently conducting their investigation. All trading activities have…
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Earlier this week, the news of the first hack of a crypto exchange in 2019 hit the airways. The Cryptopia exchange in New Zealand suspended operations, citing “significant losses”. Local police are investigating, with very few details forthcoming. The lack of information has led to widespread speculation as to the nature of the hack, whether…
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The Financial Services Agency (FSA), Japan’s regulatory watchdog, will either give the green light to seven new crypto exchanges to commence operations in the country in the next two months or delay the licenses for a subset of the group. The FSA had instituted new procedures relating to exchange license applications in 2018 to accommodate…
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The U.S. tech giant Google has had an ongoing “Love-Hate-Relationship” with the cryptocurrency industry for the past year. It first banned crypto-related ads on Google Adwords back in March of 2018, citing a need to protect its customers from fraudulent offerings. It then reversed itself in late September by modifying the ban, effective in October,…
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Government officials for developed countries have had major problems when having to adjust to the reality of cryptocurrencies in the past few years. Countries with developing economies, however, tend to be more fragile, sensitive to change, and have overreacted on many occasions. China has banned cryptocurrencies. India has what amounts to a “quasi-ban” since its…
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