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Fake Photo Scams Largely Ineffective but Illustrate Need for Cold Storage

Fake Photo Scams Largely Ineffective but Illustrate Need for Cold Storage

With reported instances of the latest ploy for hackers to access user funds, photo scamming is further proof that cryptocurrency cold storage is by far the safest way to keep digital assets secure. Doctored images are now for sale on dark web forums according to research by Hold Security and warnings from Bank Info Security, and can be purchased for …


US Crypto Regulations Between a Rock and a Hard Place

US Crypto Regulations Between a Rock and a Hard Place

In the midst of the delay for the approval of Bitcoin exchange-traded fund (ETF) applications after several rejections, and current uncertainty regarding regulatory framework, US Securities and Exchange Commission (SEC) Commissioner Hester Peirce provided insights into the matter as an opportunity for better industry development. Last week, Heister made comments on the issues of state regulation at the University of …


FSA Reports Drop in Crypto Inquiries, Is Japan Losing Interest?

FSA Reports Drop in Crypto Inquiries, Is Japan Losing Interest_

In a report from the Financial Services Agency (FSA) last week, the number of inquiries about cryptocurrencies received by the Japanese financial regulator during the period of Q4 of 2018 had declined. Could Japan citizens be losing interest in crypto? According to the report published on 8 February, in Q3, the FSA had received as many as 1231 inquiries related …


24-Hour $10 Billion Surge In Crypto Market Promotes Bullish Analysis

24-Hour $10 Billion Surge In Crypto Market Promotes Bullish Analysis

The cryptocurrency market has taken a huge bounce since Friday in a 24-hour surge across the board with Litecoin being a real mover – up 30 percent, adding more than half a billion dollars to its valuation. With crypto’s hallmark icon, Bitcoin, also up 8 percent over the same period, analysts are suggesting this may be the long-awaited bull run …


Leaked SEC Comments Reveal ETF Optimism

Leaked SEC Comments Reveal ETF Optimism

The United States Securities and Exchange Commission (SEC) is in the cryptocurrency headlines again, and this time it’s another one of the regulator’s operatives that has the industry guessing. It is exchange-traded funds once more becoming the point of focus not least because of the SEC’s announcement a few days ago that it was looking for a tool to improve …


Venezuela’s New Crypto Bill Now Law, but for How Long?

Venezuela’s New Crypto Bill Now Law, but for How Long_

Venezuela’s new cryptocurrency legal framework originally introduced by the country’s Constituent National Assembly came into force on 31 January. But will it last? The question now remains how long will the legislation hold in its current form due to civil unrest, and most importantly a possible change of power; one which could introduce a path to a more liberal attitude toward …


India Seeks External Advice on Crypto Regulation

India Seeks External Advice on Crypto Regulation

A Right to Information (RTI) report has revealed that the Indian government is seeking outside legal help in order to finalize its long-awaited cryptocurrency regulations. The Indian government is still under pressure over the cryptocurrency debate. As time moves on, it is becoming hard to see how the government will be able to hold back the inevitable tidal wave of …


Iran Central Bank Puts Pressure on Bitcoin Payments

Iran Central Bank Puts Pressure on Bitcoin Payments

A new plan released today indicates that the Central Bank of Iran is to block the use of unapproved cryptocurrencies as a means of payment. The new report entitled “Obligations and Rules Regarding Cryptocurrencies” was released by the central bank claiming that “any cryptocurrency wallets will be used only for holding and transferring cryptocurrencies and integrating any kind of services …


South Korean Crypto Exchanges Combine to Tighten AML Security

South Korean Crypto Exchanges Combine to Tighten AML Security

South Korean exchanges Coinone, Corbit, Upbit, and Bithumb have joined in implementing heightened levels of anti-money laundering (AML) security in view of high-level hacks over time. Despite the country’s high level of regulation, requiring companies offering cryptocurrency products to implement AML security, hackers have proven to find ways of infiltrating some exchanges’ safeguards. The four exchanges will focus on activities …


The Road Ahead for Venezuela: Is There a Place for Cryptocurrency in Rebuilding a Failed Economy?

What Road for Venezuela And Is There A Place For Cryptocurrency In Rebuilding A Failed Economy

BitcoinNews began following the situation in Venezuela early last year and tagged it as a potential humanitarian disaster. Where does Venezuela turn to now as it sits on the cusp of a complete breakdown of its political system and economy whilst facing the challenge of a new era of government? Bitcoin, albeit driven underground by the Maduro regime, has been …


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