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Coincheck Confirms Crypto Hack Loss Larger than Mt Gox

Japanese exchange Coincheck has confirmed that about $533 million-worth of cryptocurrency has been stolen from its digital wallets.

cc1

Markets

Russian Finance Ministry Proposes Draft Law on ICO Regulation

Russia's Finance Ministry has introduced a draft federal law on the regulation of digital assets and initial coin offerings.

Moscow

Markets

Chinese Finance Association Cautions on Overseas ICOs

China's National Internet Finance Association, a self-regulatory group, has warned against participating in overseas ICOs and cryptocurrency trading.

chinese currency

Markets

ICE Exploiting Blockchain to Expose Crypto Use in Drug Trafficking

U.S. Immigration and Customs Enforcement is working to expose transactions made by drug traffickers using cryptocurrencies to hide their trails.

immigration and customs enforcement

Markets

Lawmaker Says 'Tennessee Is Ready for Blockchain' at Bill Hearing

Tennessee legislators say the state is "ready for the blockchain."

TN2

Markets

Wyoming Lawmakers Want Exemptions for ICO Utility Tokens

Lawmakers in Wyoming have filed a bill that, if approved, would exempt some creators and sellers of blockchain tokens from securities regulations.

Wyoming State House

Markets

SEC, CFTC Chiefs Eye Closer Crypto Scrutiny

Two U.S. financial regulators are increasing their commitment to bringing closer scrutiny to the cryptocurrency industry, according to their chiefs.

US capitol

Markets

Investors File Class Action Against BitConnect After Closure

A class action suit has been filed against exchange and lending platform BitConnect, which recently closed following U.S. cease-and-desist orders.

justice gavel

Markets

Virginia Lawmakers Seek Study on Government Blockchain Use

A new Virginia bill would form a subcommittee to research the impact of implementing blockchain technology within the state's government.

Virginia assembly

Markets

South Korea Fines Crypto Exchanges for Privacy Failures

South Korea's Communications Commission has issued fines totaling $130,000 to eight cryptocurrency exchanges over insufficient user data protection.

Seoul skyline