GNUS Discord hack causes $1.27M in losses

Institutional interest in digital assets is growing as major financial players continue to enter the cryptocurrency space. 371 Total views 48 Total shares A growing number of indicators suggest that institutional players are continuing to enter the digital asset markets, which have been dominated to date by high-net-worth individuals and actively trading crypto enthusiasts. Case…

The ACCC is using a countermeasures service from the U.K.-based Netcraft, which has been providing a similar service to the U.K.’s National Cyber Security Centre. 213 Total views 5 Total shares Cybersecurity specialists have welcomed a new trial by the Australian Competition and Consumer Commission (ACCC) to automatically take down scam websites. The trial saw dozens…

Gibraltar’s financial minister says every jurisdiction recognizes crypto payments in the absence of policies explicitly outlawing them. In an exclusive interview with Cointelegraph, Albert Isola, Gibraltar’s minister for digital and financial services, argued that every country that respects contract laws recognizes crypto payments in the absence of regulation which prohibits them.On the question of whether…

The Russian state pension fund (PFR), the country’s largest social service, has recently suggested implementing blockchain technology in labor relations, local news outlet Izvestiya reports Wednesday, August 29, citing the organization’s press center. The fund plans to introduce smart contracts to be used as employment contracts between employers and employees. Such agreements could be made…

Showing up in person to steal cash from a digital asset machine? 1460 Total views 19 Total shares Authorities recently took three men into custody following their alleged swindling of $226,000 in Hong Kong dollars from Bitcoin (BTC) ATMs in the territory. The apprehended male trio, ranging from age 26 to age 55, allegedly exploited six…

Crypto advocates urged Americans to help the industry flourish without "misapplied" securities regulations. 

Norway’s Financial Supervisory Authority says it only supervises crypto companies for money laundering. 710 Total views 4 Total shares Amid Bitcoin's (BTC) drop to six-month lows below $30,000 on Tuesday, a Norwegian financial regulator warned investors that the cryptocurrency industry is largely unregulated in the country.The Financial Supervisory Authority of Norway, or Finanstilsynet, published June…

Mark Cuban said he didn’t focus on the price speculation around cryptocurrencies like Bitcoin and Dogecoin, comparing it to “gamesmanship” akin to that of stocks. 381 Total views 23 Total shares Comedian and former Daily Show host Jon Stewart said Dallas Mavericks owner and billionaire Mark Cuban broke down the intricacies of the crypto space…