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Bitfinex’s Stolen Funds Partially Recovered And Returned By US Law Enforcement

Bitfinex’s Stolen Funds Partially Recovered and Returned by US Law Enforcement

The United States’ law enforcement recovered and returned over $104,000 stolen from the cryptocurrency exchange Bitfinex, according to a Medium post by the exchange published on Feb. 25.The funds returned are reportedly just under 27.7 Bitcoins (BTC), which were stolen in August 2016 in a hack that involved the theft of around 120,000 BTC in…
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Bahrain’s Central Bank Issues New Cryptocurrency Regulation

Bahrain’s Central Bank Issues New Cryptocurrency Regulation

The Central Bank of Bahrain has issued new cryptocurrency regulation, English-language local media TradeArabia reports on Feb. 25.Before, in December last year, the central bank had issued draft proposals to potentially regulate and license crypto asset services.The new rules reportedly concern licensing, governance, risk management, Anti-Money Laundering and Counter-Terrorist Financing measures, business conduct, conflict of interest…
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Tron Will Hard Fork In February To Add Institution-Friendly Features, CEO Confirms

Tron Will Hard Fork in February to Add Institution-Friendly Features, CEO Confirms

Blockchain development platform and BitTorrent owner Tron will debut a host of upgrades via a hard fork at the end of the month, CEO Justin Sun confirmed on social media on Feb. 23.Tron, which presents itself as a competitor to Ethereum (ETH) for launching cryptocurrency tokens and other offerings, is preparing to increase its appeal…
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Crypto Markets See Double-Digit Crash, Asian Markets Soar As Trump Delays Tariff Hike

Crypto Markets See Double-Digit Crash, Asian Markets Soar as Trump Delays Tariff Hike

Monday, Feb. 25: cryptocurrencies are today seeing a blood-red market rout, with virtually all of the top 20 coins posting losses of between 7 and 17 percent, as data from Coin360 shows.Market visualization by Coin360Top cryptocurrency Bitcoin (BTC) is down a round 8 percent on the day and is trading around $3,836 to press time,…
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Whale Alert: Why Are $100 Million ETH On Their Way To Binance

Whale Alert: Why are $100 Million ETH on Their Way to Binance

A massive Ethereum (ETH) transaction which included 707,112 ETH ($99,383,302) was noticed recently, heading from an unknown wallet to one of Binance wallets. The transaction was identified by the Twitter account Whale Alert almost immediately, and it occurred today, on February 25th, at 06:31:35 AM +UTC. https://twitter.com/whale_alert/status/1099919978780901376?s=19 As mentioned, it is unknown who deposited the funds, which sparked speculations.…
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South Korean Crypto Exchange Declares Bankruptcy Citing Embezzlement

South Korean Crypto Exchange Declares Bankruptcy Citing Embezzlement

news South Korean cryptocurrency exchange Coinbin has declared bankruptcy after suffering millions of dollars in losses, in part due to claimed embezzlement. Coinbin published a notice on its website on Wednesday, stating that “increased debt” and “government regulation” led to the firm having to halt its business operations. Specifically, it said regulators’ suspension of its…
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Huobi Global Absorbs Australian Unit Amid Bear Market, Reveals Recent Layoffs

Huobi Global Absorbs Australian Unit Amid Bear Market, Reveals Recent Layoffs

Eight months after its launch, Huobi’s Australian subsidiary is to be subsumed under the Huobi Global canopy, according to an official tweet published on Feb. 24. In a Facebook post published today, Feb. 25, Huobi Australia cited the crypto market slump and fresh redundancies as the reason for the development.As previously reported, Singapore-headquartered Huobi Global…
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Ukraine Completes Pilot Scheme For E-Hryvnia National Digital Currency

Ukraine Completes Pilot Scheme for E-Hryvnia National Digital Currency

Ukraine’s central bank has completed a pilot scheme for its national digital currency, the e-hryvnia, local press agency Interfax Ukraine reported on Feb. 22.The National Bank of Ukraine (NBU), which has been considering the concept for at least a year, began the pilot in December 2018, the head of its payment networks and innovative growth…
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Australian Financial Regulator Trials Blockchain To Automate Funds Transfer Instructions

Australian Financial Regulator Trials Blockchain to Automate Funds Transfer Instructions

The Australian Transaction Reports and Analysis Centre (Austrac) is trialing a blockchain prototype for the automation of funds transfer instructions, business tech news site ZDNet reported on Feb. 24.Austrac — a government financial intelligence agency — is reportedly partnering with the Swinburne University of Technology in Melbourne to trial the use of blockchain and smart…
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