News

The new chief of Japan’s Financial Services Agency (FSA) Junichi Nakajima said that the country should first examine the pros and cons of Bitcoin (BTC) and other cryptocurrencies before making it more accessible to the public in an interview with financial news site Bloomberg last August 10. Nakajima said that BTC and other crypto assets […]

Soccer icon Lionel Messi’s welcome package includes cryptocurrency fan tokens after signing a two-year deal with Paris Saint-Germain (PSG) on August 11 in Paris, France. The crypto fan tokens are estimated to be around €25 to €30 million.  The PSG fan token’s price has reportedly increased ever since the news broke that Messi considered joining

The suspected hacker behind the massive Poly Network crypto heist on August 11 claimed they stole $600 million worth of crypto ‘for fun’. According to digital messages shared by Elliptic and Chainalysis, the hacker dubbed Mr White Hat stated that they aimed to ‘expose the vulnerability’ of the platform before others could exploit it. ‘I

Virginia Congressman Don Bayer introduced the Digital Asset Market Structure and Investor Protection Act last Thursday, July 29. This 58-page bill aims to incorporate digital assets into existing regulatory structures in the United States.  Once passed, the bill will create an exhaustive regulatory framework for all digital assets by defining whether a certain cryptocurrency should

11 undisclosed Korean-based cryptocurrency exchanges are said to shut down due to alleged fraudulent activities uncovered by Korea’s Financial Service Commission (FSC). Following the circumstances, it will be impossible for these exchanges to get approval from the government institution.  According to The Korea Herald, these unnamed mid-sized Korean exchanges will most likely close shop once

Last July 30, the Securities Commission (SC) of Malaysia formally announced their plan of action against Binance, which the SC has considered an illegally operating Digital Asset Exchange (DAX). They issued a public reprimand against the said exchange site for ‘continuing to operate in Malaysia despite being included in the SC’s Investor Alert List in

An illegal crypto-mining operation has been uncovered in a police headquarters located in Warsaw, Poland. An employee working as an IT specialist was the suspect along with another associate who were both apprehended and removed from their positions in the police station.  While the operation was taking place in an official police headquarters, there were

Miami Mayor Francis Suarez has revealed that the city will be officially unveiling its own cryptocurrency called Miami Coin by August of this year. This move is expected to increase Miami’s overall revenue by millions of dollars and generate more buzz about digital assets as a whole.  Suarez says that the city is partnering with

Binance’s CEO Changpeng Zhao is willing to step down for a new Chief Executive Officer to turn the exchange platform into a regulated financial institution amidst the fast-growing crypto industry. Otherwise known as CZ, the household name in the crypto industry discussed options for succession during a conference on July 27, ‘There is always a

The Federal Bureau of Investigation (FBI) has issued a warning to digital currency exchanges and crypto traders to anticipate possible threats in the coming weeks. This is due to groups that are reportedly tracking vulnerabilities in the system for opportunities to strike at the right time.  Reports include threats in account breaching, sim swapping, and