Bermuda Pushes Ahead to Promote Cryptocurrency Growth
The Bermuda Monetary Authority (BMA) claims that it is seeking to develop a comprehensive framework that would offer cryptocurrency businesses a safer and more stable environment through new proposed legislation. The authority claims that by seeking public feedback on proposed anti-money laundering laws designed to regulate domestic cryptocurrency activity, it will better be able to develop […]
Coinsecure Loses $3.5 Million in Bitcoin in Suspected Hack
Indian exchange platform Coinsecure suffered the worst cryptocurrency theft in the country’s history this week, with 438 Bitcoins syphoned out of user accounts into an address outside of the platform’s control. This was the equivalent of approximately USD 3.5 million. The International Business Times reported that the theft came to light when users began complaining they could […]
Briton Extradited from Morocco over Alleged $36 Million Bitcoin Fraud
British national Renwick Haddow, 49, has been charged with two counts of wire fraud and extradited from Morocco to the US. The US Department of Justice charges are connected to two fraudulent startups allegedly defrauding investors of more than USD 36 million. Haddow was originally charged in the US in June 2017 and arrested in Morroco […]
