The extradition of a Russian man accused of laundering billions of dollars in Bitcoin is being made possible thanks to a Greek Supreme Court ruling. According to a report in Reuters, Alexander Vinnik, the accused mastermind behind a $4 billion Bitcoin laundering network, is among...
Coinbase, the popular cryptocurrency exchange, is facing an inquiry by regulators in the U.S. over a flash crash back in June that erased nearly all the value of the Ethereum (Ether) currency, the second most popular cryptocurrency. According to a report in Bloomberg, the Commodity...
While Swiss financial watchdog FINMA announced it is investigating a number of initial coin offerings (ICOs) for possible breaches of Swiss law, South Korea has decided to ban the crowdfunding method altogether. According to news from Reuters, the Swiss investigation is the second crackdown in less...
Countries are monitoring cryptocurrencies as a means of cutting down on money laundering incidents. Think the furor over cryptocurrencies will abate? Think again. In the wake of the continued controversy over markets through which initial coin offerings (ICOs) are traded, and after news earlier this...
Bitcoin has been riding a bit of a rollercoaster in the past few weeks since hitting an all-time high of more than $4,800 per digital coin on Aug. 31. To continue the rollercoaster analogy, the cryptocurrency’s value has been on a steep climb all year,...
Cryptocurrency was under pressure Thursday (Sept. 14) after Chinese Bitcoin exchange BTCChina announced it would stop all trading as of Sept. 30. According to a report in Reuters, a few hours after BTCChina said it was shutting its exchange, Chinese news outlet Yicai said all Bitcoin exchanges will be...
The Dubai Financial Services Authority (DFSA) warned investors on Wednesday (Sept. 13) that initial coin offerings (ICOs) are complex and risky, joining a growing list of governments to do so. In a statement on its website, the DFSA said ICOs and the systems and technology that support them are...
Imagine shopping for a new outfit, computer or groceries and paying for the purchase with bitcoin. Yes, in a real store. Why not? Love or hate blockchain, there’s no denying that digital currencies have grown in popularity, and there is certainly a market for cryptocurrency...
The Internet Finance Association of China urged members Wednesday (Sept. 13) to avoid trading virtual currency or providing services that have to do with cryptocurrency trading. According to a report in Reuters, the trade group issued the warning because of what it called financial and...
