Asia-Pacific / 11:19 am

Suspect Crypto Transactions Rise in Japan But Still Just 1.7% of Total

Japan’s cryptocurrency exchanges reported 5,944 suspicious transactions in the first 10 months of 2018. According to a report from Jiji Press on Thursday, the data was released by the country’s National Police Agency (NPA), which indicated the cases were reported from January to October of that year. The figure notably is 788 percent greater than […]

Crime / 9:17 am

US Government Offering Up to $800K for Anti-Forgery Blockchain Solutions

The U.S. Department of Homeland Security is seeking to fund anti-counterfeiting solutions from blockchain startups with grants of up to $800,000. The DHS, through its unit Science and Technology Directorate (S&T), announced the non-dilutive funding effort spread over four phases on Tuesday, under its Silicon Valley Innovation Program (SVIP). Non-dilutive funding means an entity doesn’t […]

Crime / 6:20 pm

Treasury Official: Global Regulators Must Follow US Lead in Crypto Enforcement

A senior U.S. official has called on the crypto industry and the wide global financial sphere to take steps to prevent malicious actors from using the tech for illicit purposes. Speaking at the American Bankers Association/American Bar Association Financial Crimes Enforcement Conference on Monday, U.S. Department of the Treasury Under Secretary for Terrorism and Financial […]

Crime / 8:24 pm

New Crypto Mining Malware Seen to ‘Evolve,’ Say Researchers

Researchers at Israel-based cybersecurity firm Check Point Software Technologies say that a relatively new form of crypto mining malware, dubbed KingMiner, is “evolving.” In a research note on Thursday, the firm’s Ido Solomon and Adi Ikan said that KingMiner, a monero mining malware that first appeared about six months ago, is changing through time to avoid […]

Bitcoin / 3:59 am

Iranian Bitcoin Users Are Already Being Affected By New US Sanctions

On Wednesday, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced that two bitcoin addresses tied to Iran residents Ali Khorashadizadeh and Mohammad Ghorbaniyan were being added to its Specially Designated Nationals sanctions list, a first for the office. Hours later, Telegram channels across Iran began to light up with chatter about privacy and the […]

Colorado / 2:49 pm

Four More ICOs Hit with Cease-and-Desists by Colorado Securities Regulator

The Colorado Division of Securities has issued another batch of cease-and-desist orders against allegedly fraudulent initial coin offerings (ICOs). The watchdog announced on Tuesday that the U.S. state’s securities commissioner, Gerald Rome, has signed four new orders against Global Pay Net, Cred LLC (doing business as Credits), CrowdShare Mining and CyberSmart Coin Invest. The companies […]

Aon / 12:47 pm

The Crypto Insurance Market May Total $6 Billion. That’s Nowhere Near Enough

As Wall Street raises the stakes around cryptocurrency, large institutional players are circling this new asset class and bringing with them their own set of requirements. For example, there’s a need for qualified custodians to hold the assets these big-money investors will trade, as in the traditional, regulated financial realm. But a less-discussed yet critical […]

Crime / 2:07 pm

Russian ICO That Impersonated Bank Hit With Cease-and-Desist

North Dakota’s securities watchdog has issued a cease-and-desist order against a Russia-based initial coin offering (ICO) that appeared to impersonate Liechtenstein-based Union Bank AG to promote “unregistered and potentially fraudulent securities.” On Monday, Karen Tyler, commissioner of the North Dakota Securities Department, said that the website of the supposed ICO project – called Union Bank Payment […]

Asia-Pacific / 3:53 am

Police Arrest 8 Over Alleged $68 Million Crypto Pyramid Scheme in Japan

Police in Tokyo have arrested eight men alleged to have run a cryptocurrency pyramid scheme that collected 7.8 billion yen (almost $69 million) from thousands of victims across the country. According to a report from The Asahi Shimbun on Wednesday, the men were suspected by the police of breaking the country’s financial laws by not […]

Bitmain / 6:08 am

Bitmain Sues Alleged Bitcoin Thief in US Federal Court

Crypto mining hardware maker Bitmain has filed suit against an anonymous thief in a US federal court. In a complaint submitted to the U.S. District Court, Western District of Washington at Seattle, Bitmain alleges that the unidentified thief stole 617 bitcoin from an account it holds at crypto exchange Binance, and is seeking a jury trial […]