Tag: cryptocurrency regulation

Oct 14 2020

U.S. Fintech Being Stifled by Regulators

Fintech innovation has been stifled in the United States, and this has attracted the attention of many concerned and renowned experts. According to Dan Tapiero, the co-founder of 10T Holdings, fintech regulations in the U.S. are a "big problem." He claims that this is because the current fintech regulations have not put the future into consideration. His tweet reads:...

Oct 11 2020

Monero Price Rises While IRS Tries to Break Anonymity

The Internal Revenue Service (IRS), which is the U.S. tax authority, has been drawn towards the most renowned private cryptocurrency, Monero. Reportedly one of the best choices for privacy-focused cryptocurrency, Monero has attracted the attention of the tax agency. As a result, the IRS has employed analysts to unmask Monero's activities. However, it does appear that Monero price is...

Oct 04 2020

Japanese Crypto Exchange Sues Binance

Japanese cryptocurrency exchange Fisco, formerly known as Zaif, is suing Binance for allegedly facilitating the laundering of some stolen funds. In 2018, Fisco suffered from a hack of $60 million and have now sued Binance in a U.S. court for "aiding and abetting" the process of the laundering scheme. Fisco alleges the laundering led to a loss of over $9 million worth of...

Oct 01 2020

European Commission Unveils Plan to Regulate Cryptocurrencies

The European Commission, the executive branch of the European Union, has announced its plans to regulate digital currency. Such regulations will be introduced over the next four years. The European Commission noted that it was important to mitigate any potential risks for users and investors while still fostering...

Sep 26 2020

KuCoin Hacked! $150 Million Worth of Crypto Missing

Sep 26 2020 Published at Altcoin Buzz under tags  cryptocurrency regulation hack kucoin

Popular cryptocurrency exchange KuCoin has released details of a security breach on its platform. According to KuCoin, about $150 worth of Bitcoin, Ethereum, and several other cryptocurrencies have been moved from the exchange platform. This announcement comes as a shock to the exchange users because KuCoin prides itself as being both advanced and secure. KuCoin confirmed the hack in a...

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