Almost 90 percent of cryptocurrency exchanges’ reported trade volumes may be incorrect, new research from trading analytics platform The Tie warned in a digest released on March 18. Reporting on figures gathered from…
Tag: crypto scam
Growth of Crypto Industry Could Threaten Banks, Financial Stability: Basel Committee
International banking authority the Basel Committee on Banking Supervision (BCBS) has issued a warning statement on crypto assets on March 13. The BCBS is a committee of banking supervisory authorities hosted and supported by the Switzerland-based…
TWO AUSTRALIAN CRYPTOCURRENCY EXCHANGES SUSPENDED FOLLOWING AN ARREST
Two cryptocurrency exchanges in Australia have been suspended following raids of the Australian Federal Police and the Australian Transaction Reports and Analysis Centre (AUSTRAC). One man has been arrested. …
South Korea Establishes Special Task Force to Prevent Cryptocurrency-Related Crimes
The South Korean Supreme Prosecutors’ Office (SPO) has announced the establishment of a task force to fight cryptocurrency-related fraud and crimes. The development was reported by the Korean Broadcasting System (KBS), one of the…
COURT EXTENDS QUADRIGACX CREDITOR PROTECTION TO APRIL 2019
QuadrigaCX, the embattled Canadian cryptocurrency exchange, has obtained an extension to the court-ordered investor protection until April 23. Meanwhile, Jennifer Robertson, widow of founder Gerald Cotton, is requesting reimbursement…
Crypto Crime Trends Evolving as Users Wise Up: Exchange Hacks, Darknet and Money Laundering
Two prominent research papers have shed light on the latest crime trends affecting the cryptocurrency community over the past two years. Crypto analytics companies Chainalysis and CipherTrace released reports at the end of January that…
What QuadrigaCX Says About Institutional Crypto Investment
Noelle Acheson is a veteran of company analysis and member of CoinDesk’s product team. The following article originally appeared in Institutional Crypto by CoinDesk, a newsletter for the institutional market,…
From Last-Minute Will to Past Banking Problems: What Makes the QuadrigaCX Case Seem So Strange
For the second week, QuadrigaCX’s crisis remains one of the hottest topics in the crypto world. After the CEO of the Canadian exchange, 30-year-old Geral Cotten, suddenly died, the exchange has allegedly lost access to…
Turkish Police Arrest 24 Suspects Involved in Hacking Crypto Firm, Local Media Reports
Turkish police have arrested 24 people allegedly involved in a 13 million Turkish lira ($2.47 million) hack from an unnamed crypto firm in Istanbul, local government-backed media Daily Sabahreported on Feb….
QuadrigaCX Lost Another $500K in Bitcoin By Mistake: EY Report
Canadian crypto exchange QuadrigaCX, which owes customers $250 million in CAD ($190 million U.S.) in cryptocurrencies and fiat, lost another $500,000 CAD by mistake last week. In an initial report published…
