Category: Crypto Flash News

Autorité des Marchés Financiers (AMF), France’s financial watchdog, will approve the first group of cryptocurrency firms under a new set of digital currency regulations to be adopted later in July 2019.  In order to gain approval from the regulator, crypto…

Summary: Over the last week, the bitcoin price has dropped 30 percent, from its high of $13,200 to its current local low of $9,050. As of this morning, the market is enjoying a strong rally on high spread and volume…

This article was originally published by 8btc and written by Vincent He. A ransomware virus named Ryuk has spread to China, asking the users of infected devices for a hefty bitcoin ransom.  Tencent Security reported on July 17, 2019, that…

The New York State Department of Financial Services (DFS) awarded two subsidiaries of Seed CX, a Chicago-based cryptocurrency exchange, with virtual currency licenses.  In a press release, DFS superintendent Linda Lacewell announced the approval of virtual currency license applications from…

One of the key challenges in blockchain projects is dealing with the “trilemma” challenge: how to develop technology that is scalable, decentralized and secure, without any element being diminished. For example, Bitcoin is both decentralized and secure, but critics have…

Law enforcement officials in India have busted a criminal gang responsible for the kidnapping of three people, including two bitcoin traders, according to local news outlet Hindustan Times. The kidnappers asked for a ransom of 80 bitcoin (around $840,000 USD…

Today, Libra project head David Marcus testified in front of the United States Senate Banking Committee on Facebook’s incipient “cryptocurrency.” The discussion was largely overshadowed by Facebook’s tarnished reputation for user privacy and the mistrust its business practices have engendered. …

Major cryptocurrency exchange Binance could launch a cryptocurrency exchange subsidiary in South Korea, Block In Press reports. So far, however, the exchange has remained tight-lipped. Binance CEO Changpeng Zhao (CZ) told the news outlet that there’s nothing concrete to announce…

The Economic Crime Plan (2019–22) released by the U.K. government and the trade association UK Finance details regulatory action on cryptocurrencies to prevent their use in criminal activities.  According to the document, the government is working closely with businesses to…