China Supreme Court revises Anti-Money Laundering law to include ‘virtual assets’

Two weeks after it first reported a hack, New Zealand-based cryptocurrency exchange Cryptopia is still compromised by cyber criminals, according to a blog post from blockchain infrastructure firm Elementus on Jan. 29.The exchange suspended services after detecting a major hack that reportedly “resulted in significant losses” on Jan. 15. Cryptopia stated that the hack occurred the…

Huobi Global is the third major cryptocurrency exchange to pen a blockchain ecosystem development agreement with the South Korean city. 313 Total views 41 Total shares South Korea’s ‘blockchain’ city of Busan continues to establish agreements with cryptocurrency industry heavyweights as Huobi Global enters the development ecosystem.Huobi Global and its Korean branch became the latest…

Chinese economist says signs have shown 2020 is an important year for integrating blockchain within all industries. 1442 Total views 26 Total shares The Tencent blockchain accelerator entry contest was held recently in Shenzhen China. Its theme concerned “blockchain industry and ecological co construction".According to the local news on July 2, Professor Zhu Jiaming, former…

Ether (ETH) price is down on Dec. 16 and the pre-FOMC rally to $1,350 was obliterated after Federal Reserve chair Jerome Powell issued hawkish statements following a 0.50% hike in interest rates.The Ether sell-off follows a market-wide decline that has sent Ethereum network fees plummeting by 39.90% in the past 30-days. Daily Ethereum network fees…

Certain individuals and entities that are part of the Binance Group may now be considered “beneficial owners” of Digivault following the Bifinity and Eqonex partnership. 407 Total views 16 Total shares The United Kingdom’s Financial Conduct Authority, or FCA, has issued a warning to Binance Markets in response to Binance’s payment company Bifinity and investment…

Binance beefs up blockchain analytics amid a surge in DeFi exploits. 1665 Total views 6 Total shares Cryptocurrency and blockchain intelligence company CipherTrace has announced analytics support for Binance Smart Chain (BSC) amid a rise in attacks and vulnerabilities on protocols running on the network.In an announcement on May 27, the firm stated that it…

Sen. Pat Toomey says he has information from whistleblowers that the FDIC without a legal basis is discouraging banks from dealing with companies with crypto links. 183 Total views 5 Total shares Pat Toomey, ranking member of the United States Senate Banking Committee, has sent a letter to Federal Deposit Insurance Corporation (FDIC) director and…

The ETF could offer more leveraged exposure to Bitcoin, especially for institutional investors looking to diversify their holdings.