CoinGecko, one of the leaders in crypto market analysis, has launched Trust Score 2.0. It will help the firm fight against fake crypto volume and improve the transparency of crypto exchanges a notch higher….
When there are complex financial products involved, there’s a fraud. As cryptocurrencies have become mainstream, many people become aware that there’s a lot of money to be made in it. However, most people aren’t experts, and fraudsters/scammers know this. Thus, people fall into crypto scams and lose their hard-earned money.
The Financial Transactions and Reports Analysis Centre (FinTRAC) of Canada has obligated all the crypto exchanges to register as of June 1, 2020. It will come into action with other changes in the anti-money -laundering regulations. The firms have to keep an eye on their client records and report in case of suspicious actions.
Citing loss of liquidity, major Polish crypto exchange Bitmarket calls it quits. However, this closure took place without any prior notice. The official website of the exchange only has a message citing liquidity loss. The message also says that it will soon announce further steps for its users…
To integrate new system upgrades the cryptocurrency exchange Bitfinex will go offline on June 26th. The exchange will be down for seven hours. Within this period no deposits, withdrawal or trading can take place. Also, users won’t be able to access their wallets. However, the firm assures that the existing funds of the users will […]
To curb the money laundering entities, Lithuania’s finance ministry is going to introduce new regulations for the crypto exchanges running in the nation. The new rules make customer ID Check mandatory for Cryptocurrency Exchanges for any kind of transaction. The parliamentary body has approved of the new regulations. However, there is no information on the […]
In a new campaign by malware researcher, Fumik0_ discovers attackers have created a clone website of the Cryptohopper crypto trading platform. The website when visited will automatically download a setup.exe installer. It distributes malware payloads such as information-stealing Trojans, miners, and clipboard hijackers. This Setup.exe installer uses the Cryptohopper logo as its icon which looks […]
The Polish crypto exchange Coinroom has shut down its operations overnight. Adding to the woes, it has allegations of siphoning the funds of its customers as well. This report comes from a local news agency. The exchange sent contract termination and business closing emails to its customers. They had only one day to retrieve their […]
The Australian Securities and Investment Commission (ASIC) has announced new ICOs and crypto assets regulations. These regulations explain the legal responsibility of the firms under the Corporations Act, the ASIC Act, and other laws. According to ASIC, ICOs and crypto assets are the financial products that are supervised under the Corporation Act. To hold such […]
Rakuten and CipherTrace are teaming up to set-up Rakuten’s’ upcoming crypto exchange. It is a Japanese e-commerce mammoth and CipherTrace is a blockchain analytics firm. The latter has assured to create anti-money laundering (AML) processes for the Rakuten Wallet platform. The giant has already started registering accounts for those who are connected to Rakuten bank. […]