Ripple Surges by 36% in 48 Hours as Crypto Market Adds $2 Billion

Ripple Surges by 36% in 48 Hours as Crypto Market Adds $2 Billion

Advertisement Over the past 24 hours, major cryptocurrencies in the global market including Bitcoin, Ethereum and EOS increased by 2 to 5 percent, as Ripple led the market with a solid 10 percent gain. Since September 18, within 48 hours, the price of XRP, the native cryptocurrency of the Ripple blockchain network, rose by more…

Australia’s Financial Watchdog Cracks Down on ‘Misleading’ ICOs & Crypto Funds

Australia’s Financial Watchdog Cracks Down on ‘Misleading’ ICOs & Crypto Funds

Advertisement Australia’s financial regulator and watchdog is ramping up its scrutiny into ‘misleading or deceptive’ initial coin offerings (ICOs) and crypto-asset funds targeting retail investors. The Australian Securities and Investments Commission (ASIC) has confirmed it has identified “consistent problems” to ultimately shut down several initial coin offerings aimed at soliciting funds from retail investors. A…

Switzerland and Israel Collaborate on Cryptocurrency & Blockchain Regulation

Switzerland and Israel Collaborate on Cryptocurrency & Blockchain Regulation

Advertisement The Swiss Minister for Finance Ueli Maurer recently visited Israel along with State Secretary for International Financial Matters Joerg Gasser, citing their goal as gaining bank access to Israeli markets to allow Swiss banks to trade there. Reuters reports that the two nations have now agreed to collaborate on financial technology, cryptocurrency, and blockchain regulation following…

Texas Regulators Shut Down Three Cryptocurrency Scams

Texas Regulators Shut Down Three Cryptocurrency Scams

Advertisement The Texas State Securities Board has issued an emergency action to halt the deceitful offerings of investments in three cryptocurrency related schemes. The agency entered a cease and desist order against Coins Miner Investment Ltd, DigitalBank Ltd, as well as Ultimate Assets, who is charged for offering Texans misleading ROIs and promising to grow…

Brazil’s Antitrust Watchdog Probes Banks for Restricting Crypto Exchanges

Brazil’s Antitrust Watchdog Probes Banks for Restricting Crypto Exchanges

Advertisement Brazil’s antitrust watchdog, the Administrative Council for Economic Defense (CADE), has recently launched an investigation into whether the country’s banks are purposefully harming cryptocurrency exchanges by restricting their operations. According to Reuters, the investigation is set to find out whether the banks abused their position in the market to harm the crypto exchanges’ businesses…

Hackers Nab $58k from Cryptocurrency Exchange with Fake EOS Tokens

Hackers Nab $58k from Cryptocurrency Exchange with Fake EOS Tokens

Advertisement Hackers were able to steal nearly $58,000 worth of cryptocurrency from the Newdex exchange by exploiting a vulnerability in the exchange, according to TheNextWeb. The hackers flooded the Newdex exchange with fake EOS tokens they created themselves to buy ADD, BLACK and IQ tokens from the centralized platform. Newdex acknowledged that an EOS account issued…

Proper Regulations Will Boost Confidence in Cryptocurrency Sector: Abu Dhabi Regulator

Proper Regulations Will Boost Confidence in Cryptocurrency Sector: Abu Dhabi Regulator

Advertisement The regulatory chief of Abu Dhabi’s international financial center and free zone has called for tighter regulations for cryptocurrency trading and ICOs while recognizing the growing global industry. Nearly a year after issuing its guidelines for cryptocurrencies and initial coin offerings (ICOs), effectively regulating the industry, the Financial Services Regulatory Authority (FSRA) is sharing…