A Chinese official indicated that crypto will inevitably be part of the digital capital market. Xiao Gang, former chair of the China Securities Regulatory Commission, said the country is facing a digital economy transformation and needs to embrace the right regulations for the fast growing crypto market. Xiao was speaking at the 19th Pushan Lectures…
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The US Secret Service issued a security alert about ransomware attacks. The U.S. Secret Service issued a warning about an increase in hacks targeting managed service providers, or MSPs, of both the U.S. private sector and various government entities. According to a document published by ZDNet on June 7, threat actors have been widely relying…
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SEC Commissioner Hester Peirce wants to see new crypto projects get a fair shake at U.S. capital markets. In a July 7 fireside chat courtesy of Unitize, Commissioner Hester Peirce of the Securities and Exchange Commission continued to advocate for regulatory clarity for crypto as a means of opening up capital markets to innovation. Innovation…
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Hackers profited over $7 million by selling the data via dark web. A hacker gang known as “Keeper” established an interconnected network to steal credit card data from over 570 e-commerce sites. Since 2017, they have profited around $7 million in crypto by selling card information through the dark web. According to a July 7…
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The US Securities and Exchange Commission voted on amendments to rules governing the processing time for companies applying for listings. The United States Securities and Exchange Commission (SEC) announced it would be streamlining the application process for investment companies, potentially resulting in expedited crypto and blockchain firms operating in a “more efficient and less costly…
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Record surges in regulated Bitcoin options market volume signals increasing interest and participation from institutional investors. A CryptoCompare report published on July 6 has closely analyzed monthly trends in the cryptocurrency exchange market and found that crypto derivatives volumes have begun to taper off after peaking this May. Crypto derivatives volumes dropped 35.7% in June…
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Currency.com obtained a distributed ledger technology license from the Gibraltar Financial Services Commission. The Gibraltar Financial Services Commission, or GFSC, issued a new distributed ledger technology license to the Belarus-based cryptocurrency platform, Currency.com, on July 6. According to the announcement, the platform will be allowed to use DLT to store or transmit value belonging to…
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VaultAge Solutions CEO has been tracked down by South African authorities and angered investors. Willie Breedt, a South African national accused of stealing up to $16.3 million from around 2,000 investors via his VaultAge Solutions scheme, has reportedly been forced into bankruptcy by a local court. According to a recent report from News24, the sequestration…
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With its forthcoming digital yuan, China will aim to rival the U.S. dollar, not Bitcoin, say experts. Having learned what it needs from the cryptocurrency space and blockchain, China will aim to rival the U.S. dollar, not Bitcoin (BTC), with its highly-anticipated digital yuan. Matthew Graham, a veteran investment banker in China and the CEO…
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Philippine SEC warns against investment schemes including one based on the Ethreum blockchain it says is a Ponzi scheme. The Securities and Exchange Commission (SEC) of the Philippines has warned the public against individuals and groups engaged in unauthorized crypto investments and trading, according to an announcement on July 1. The Philippine SEC warned those…
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