Despite WazirX, Q3 crypto hack and scam losses fell to $413m YOY
Losses from scams and hacks in Q3 declined by 40% compared to the previous year, but CEX hacks still pose a problem for the industry.
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Aussie execs refute ‘argument’ to treat crypto as financial products
Australian crypto executives have urged caution over lumping all digital assets in the same boat as financial products, after recent comments from Australia’s assistant treasurer on the matter.Assistant Treasurer and Minister for Financial Services Stephen Jones gave an overview of the state of crypto regulation in the country in an interview with the Sydney Morning Herald…

Binance returns to India as registered crypto exchange following 7-month ban
Binance returns to India after registering with the FIU-IND, marking its 19th global regulatory milestone.

Hackers might be responsible for removing $4.8M from crypto exchange ZB.com: PeckShield
The suspected hack followed ZB.com announcing the suspension of deposits and withdrawals on Tuesday in response to the “sudden failure of some core applications.” 198 Total views 5 Total shares Blockchain investigator PeckShield has reported roughly $4.8 million in crypto moved from ZB.com amid the exchange announcing the suspension of withdrawals.In a Wednesday tweet, PeckShield…


BTC price needs to hold $70K next as Bitcoin weathers ECB rate cut
Bitcoin could be preparing an attack on liquidity at the $72,000 BTC price resistance line as the European Central Bank enacts its first interest rate cut in four years.

Nobel Prize Winning Economist Paul Krugman Expresses Skepticism About Crypto, Predicts Collapse
Nobel Prize winning economist Paul Krugman has expressed his skepticism about the value of cryptocurrencies in a New York Times Opinion piece published July 31. Krugman, who was awarded the Nobel Prize in Economic Sciences in 2008, explains his position as a “crypto skeptic” by noting the high transaction costs and an “absence of tethering”…

Texas Securities Regulator Reveals 16 Orders Issued to Suspect Crypto Investments in 2018
The Texas State Securities Board (SSB) issued a total of 16 orders against suspected cryptocurrency scam investments in 2018, the regulator revealed in its 2018 Enforcement Report published on Feb. 7.Targeting actors luring Texas residents with various investment schemes, the SSB said it had successfully cited a total of 60 people and entities over the…

Fines and regulation: The ever-growing landscape of crypto compliance
It is a goal of many in the crypto industry to evolve the space and bring it into the mainstream, but the industry still faces constant criticism from and continues to be regulated by individuals who may not fully understand how it works. Regulatory bodies worldwide have been increasingly vigilant in addressing potential risks and…