Cryptocurrency Exchanges Binance, Kraken May Be Operating Unlawfully in New York: AG Report

New York State Attorney General Barbara Underwood has referred three major cryptocurrency exchanges to the state’s Department of Financial Services (NYDFS) for potential violation of New York’s virtual currency regulations. The exchanges referred are Binance, and Kraken. This was revealed in the Virtual Markets Integrity Initiative Report released earlier today by the Office of the […]

Cryptocurrency Exchanges Fall Short in Safeguarding Funds: Report

In April 2018, former New York Attorney General Eric Schneiderman sent off inquiries to more than a dozen cryptocurrencyexchanges to learn more about their internal operations. Now, after months of investigation, the New York Attorney General’s office has made its findings public. A report titled “Virtual Markets Integrity Initiative,” released on Tuesday, September 18, 2018, […]

Diar Report Reveals 30% of Bitcoin Supply is Lost or Yet to be Mined

A recent report by cryptocurrency research publication Diar has revealed some interesting statistics about Bitcoin wallets and the nature of their owners. The findings show that the majority of Bitcoin is held in a small number of wallets and many of these have had no outgoing transactions even despite the 2018 bear market. Resolve Amongst […]

Commissioner: SEC Shouldn’t Hold Back in Approving Crypto Products

The US Securities and Exchange Commission (SEC) commissioner Hester Peirce has stated that the government should not limit the emergence of new products in the crypto market based on the perceived weaknesses of Bitcoin. According to Peirce, the SEC should not force crypto markets to be subjected to comprehensive government regulation just to deploy products […]

Hong Kong–Based Blockchain Fund Makes Its Case for Yen-Backed Stablecoin

Grandshores Technology Group, a Hong Kong–listed investment holding company, is seeking to raise around $12.7 million through a digital token fund, according to reports from the South China Morning Post (SCMP). Grandshores Technology plans to use the funding to launch a yen-backed stablecoin. Chinese investor Yongjie Yao, who currently chairs Grandshores Technology, is also a […]

People’s Bank of China Issues New Warning Against ICOs and Cryptocurrencies

The People’s Bank of China (PBoC) has issued a new warning to citizens regarding investments in initial coin offerings (ICOs) and cryptocurrencies, amidst reports detailing how Chinese citizens were bypassing the cryptocurrency restrictions. This latest warning comes more than a year when China’s central bank first released their unprecedented ban on ICOs. In the notice, […]

Ethereum DApp Bancor is Building a Bridge to the EOS Network

Bancor, a decentralized cryptocurrency exchange (DEX) protocol and one of the most popular decentralized applications (dApps) on the Ethereum network, has announced that it will bring trustless token trading to the recently-launched EOS blockchain. Israel-based block producer and Bancor partner LiquidEOS made the announcement — which has since been heavily edited — on Monday. Funded […]