BitMEX Taps Former Hong Kong Regulator as Chief Operating Officer

BitMEX Taps Former Hong Kong Regulator as Chief Operating Officer

Advertisement BitMEX, one of the largest cryptocurrency trading platforms, has named Angelina Kwan, formerly managing director and head of regulatory compliance for Hong Kong Exchanges and Clearing Limited (HKEX), as its chief operating officer. Kwan, who joins the company as it rides exceptional growth, will work with regulators worldwide to develop rules that will support…

Brazil Gives Investment Funds Green Light to [Indirectly] Buy Bitcoin

Brazil Gives Investment Funds Green Light to [Indirectly] Buy Bitcoin

Advertisement Brazil’s securities regulator, Comissão de Valores Mobiliários (CVM), has reportedly authorized investment funds to indirectly put their money in the cryptocurrency ecosystem, through the acquisition of derivatives and foreign funds. Brazilian Funds Can Now Gain Exposure to Cryptocurrency According to a circular issued by the Finance Ministry of Brazil, first spotted by local news…

John McAfee-Linked Bitcoin Mining Firm Hit with Class-Action Lawsuit

John McAfee-Linked Bitcoin Mining Firm Hit with Class-Action Lawsuit

Advertisement MGT Capital Investments, a bitcoin mining and cryptocurrency investing firm formerly associated with John McAfee, has been hit with a class-action lawsuit over allegations that its former CEO participated in a pump-and-dump scheme that manipulated the price of MGT shares. Bitcoin Mining Firm Faces Class-Action Suit The suit, which was filed by Rosen Law…

Bitcoin Price Manipulated by Cryptocurrency Trading Bots: WSJ

Bitcoin Price Manipulated by Cryptocurrency Trading Bots: WSJ

Advertisement Bots that manipulate bitcoin price are not new, and they aren’t going away, according to The Wall Street Journal. The problem continues to draw regulatory scrutiny, as it was cited by the Securities and Exchange Commission (SEC) when it rejected several bitcoin ETF applications in August. Andy Bromberg, president and co-founder of CoinList, which issues…

1Broker Seized, Will More Crypto Exchanges be Targeted by US Gov’t?

1Broker Seized, Will More Crypto Exchanges be Targeted by US Gov’t?

Advertisement 1Broker, a Marshall Islands-based securities dealer and bitcoin trading platform, was recently taken down by the US authorities. The FBI seized the domain of 1Broker, shutting down the platform for allegedly violating money laundering regulations and distributing securities as an unregistered dealer. The official announcement of the US Securities and Exchange Commission (SEC) read:…

Brave CEO Tells Senate that U.S. Needs GDPR-Style Data Privacy Rules

Brave CEO Tells Senate that U.S. Needs GDPR-Style Data Privacy Rules

Advertisement The chief executive of cryptocurrency-funded web browser Brave has penned a letter to the U.S. Senate calling for legislators to adopt data privacy regulations comparable to those recently implemented in Europe. Brave CEO Calls for a U.S. GDPR Writing in the letter dated Sept. 28 and addressed to the U.S. Senate Committee on Commerce,…

French Official Arrested for Allegedly Selling State Secrets for Bitcoin

French Official Arrested for Allegedly Selling State Secrets for Bitcoin

Advertisement A French security official with the Direction Générale de la Sécurité Intérieure (DGSI) was indicted last week and taken into custody on charges of selling state secrets in exchange for payments in bitcoin. According to local French media Le Parisien, the unnamed agent was allegedly arrested for peddling economic information and falsifying administrative documents. Protecting…

XRP Sees 2% Loss After Big Announcement, Bitcoin Shows Low Volume

XRP Sees 2% Loss After Big Announcement, Bitcoin Shows Low Volume

Advertisement Since late September, the low volume of Bitcoin has been an issue for the cryptocurrency exchange market. Although BTC was expected to break out of major resistance levels at $6,800 and $7,000, its low volume prevented it from recording a major movement on the upside. Earlier today, on October 2, Ripple Labs introduced three…

Ripple Price (XRP) Makes Strong Intraday Rally on xRapid Launch

Ripple Price (XRP) Makes Strong Intraday Rally on xRapid Launch

Advertisement Ripple (XRP) rallied again for an intraday high near $0.60 as the San Francisco-based blockchain startup announced the commercial release of xRapid, its cryptocurrency-powered enterprise blockchain product. The announcement makes clear that xRapid is “commercially available and moving into production with multiple customers.” XRP/USD | Bitstamp The company’s update names three business customers for xRapid: MercuryFX,…