Archive for the ‘Cryptocurrency’ Category

Interview: Former Huobi US Compliance Chief Talks NY Cryptocurrency Exchange Report

Harry Zhou, former general counsel and compliance officer for Huobi US, spoke with CCN about the latest report from New York’s attorney general on cryptocurrency exchanges. Zhou helped set up the legal framework in New York for cryptocurrency exchanges, namely the application and regulations for the BitLicense. He represented Huobi for comments on the BitLicense […]

Circle wants more women to invest in cryptocurrency

A study, commissioned by crypto finance company Circle, showed a serious lack of diversity among crypto investors. The study surveyed 3,000 Millennials, Gen Xers and Baby Boomers in the U.S. and found that Millennial men are more than twice as likely to invest in crypto in the next year. This poses a problem for the companies […]

Japanese bitcoin exchange is robbed of $60 million worth of cryptocurrency

Japanese cryptocurrency exchange Zaif has been robbed of $60 million worth of digital coins. Zaif was hacked on September 14th during a two-hour time frame. Three days later, it uncovered server problems and began to investigate. By September 18th, it confirmed it was hacked and notified authorities. Of the $59.67 million stolen, almost $20 million belonged […]

Pay for Play: Why Exchange’s Token Listing Fees are Bad for the Industry

Centralized exchanges have the power to make or break a coin–and more often than not, the coins who “become big” are the ones that can pay to play. Coin listing fees could be anywhere from $50,000 to $1 million, the higher end of which is “higher than the cost to list on most stock exchanges.” […]

Cryptocurrency Exchanges Binance, Kraken May Be Operating Unlawfully in New York: AG Report

New York State Attorney General Barbara Underwood has referred three major cryptocurrency exchanges to the state’s Department of Financial Services potential violation of New York’s virtual currency regulations. The exchanges referred are Binance, Gate.io and Kraken. This was revealed in the Virtual Markets Integrity Initiative Report released by the Office of the New York State […]

A third of banks expect to hold cryptocurrencies on their balance sheets

The report named Digital Transformation in Financial Services from the law firm DLA Piper is focused upon how blockchain is changing the financial services markets around the world, with the aim of establishing the position of major financial institutions with regards to cryptocurrencies and the use of blockchain in their daily operations. The report picks up […]

Hackers create 1B fake EOS to rob ‘decentralized’ cryptocurrency exchange

Thanks to a security vulnerability, hackers have flooded a “decentralized” token exchange platform with 1 billion fake EOS. By the end of the heist, the thieves were able to steal almost $58,000 in cryptocurrency directly from users. The hackers created a new EOS-based token, named “EOS,” and used it to illegitimately purchase BLACK, IQ, and ADD tokens from […]

5 Things You Need to Know Before Investing in Cryptocurrency

You ought to be particularly careful with your crypto investments, especially if you participate in new ICOs. You are investing your hard earned income in crypto so make sure you get all the help you need. To get you started, have a look at the 5 basic rules you need to know about investing in crypto. […]

Elon Musk recruits Dogecoin creator to fight cryptocurrency scambots

Determined to stop malicious botnets from impersonating him, Tesla CEO Elon Musk has asked Dogecoin creator Jackson Palmer to help him build a solution to curb the spread of fraudulent bots on the platform. Palmer had already devised a similar script in the past. The Dogecoin creator later tweeted that he hooked up Musk with the […]

Still Considering Investing in Cryptocurrency? Here’s What You Need to Know.

In this video, Entrepreneur Network partner Phil Town discusses the practicalities of investing in cryptocurrency today. Is it still a good investment? Is it too volatile? Town warns that cryptocurrency is notoriously hard to understand. The technological aspect of cryptocurrencies make them particularly bewildering, especially if you’re just starting out. Watch the video