News > FinTech

New Zealand-Based Crypto Exchange Confirms it Suffered Major Security Breach
New Zealand-based cryptocurrency exchange Cryptopia suspended trading and went offline on Tuesday after revealing that it had suffered a security breach, resulting in "significant losses." The company said in a tweet that the hacking happened on Monday, January 14 and that after it had been "identified by staff, the exchange was put into maintenance while we assessed the damages." https://twitter.com/Cryptopia_NZ/status/1085084168852291586?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1085084168852291586&ref_url=https%3A%2F%2Fwww.fastcompany.com%2F90292464%2Ftappan-zee-bridge-demolition-watch-a-video-of-the-explosion
Malaysia Will Begin Regulating ICOs as Securities This Week
Malaysia's Securities Commission (SC) announced that it will begin regulating initial coin offerings (ICOs) and cryptocurrency exchanges this week, with a regulatory framework for digital assets expected to be launched by the end of the first quarter. By regulating ICOs as securities, the SC notes that "the offering of digital assets, as well as its associated activities, will require authorisation
Glimpse into the Future At Hong Kong Blockchain Week
The first thing to know about blockchain technology is that there is a lot to know. There is, of course, Bitcoin, which has always been seen as Batman to blockchain's Robin, or vice-versa. But since those early days when Bitcoin and blockchain were seemingly joined at the hip, the nascent technology has begun to outgrow its exclusivity with cryptocurrencies: From
Cyber Security Trends That Would Impact Businesses in 2019
As we move into 2019, the need to keep on constantly updating our organization from the Cyber Security point of view tends to take central role across any organization that we are a part of. That it has become as imperative a discussion point as the top and bottom line, investors, working capital, or perhaps mergers and acquisitions is down
WeWork Rebrands as SoftBank's Planned Investment is Radically Cut
We already knew the two biggest outside investors in SoftBank's $100-billion Vision Fund were opposed to a massive investment Chief Executive Masayoshi Son was planning to make in co-working startup WeWork, and now word comes that Son appears to have acquiesced and drastically cut the planned funding. After the Vision Fund had initially planned to make a $16 billion investment
Chinese Banking Giants Launch Blockchain-Based Trade Finance Platform
With the PBOC, the HKMA, and other policy-setters rolling out blockchain trade finance platforms, it looks like regulators are looking to get in on the fun, too. According to Coindesk, the China Banking Association (CBA) has officially announced its blockchain-fueled interbank trade finance platform. Called the “China Trade and Finance Interbank Trading Blockchain Platform,” the project is slated to roll
Analysts Mostly Shrug Their Shoulders as Bitcoin Rises Above $4k
There was a time during those heady days of 2017 when one could expect would be breathless coverage around every Bitcoin surge (including right here on this site), but as crypto investors continue to lick their wounds from last year's brutal crash in the market, it's apparently going to take more than modest price movements to get people excited. So,
Michael Novogratz isn't Giving Up on His Crypto Dream
While suffering a $76-million quarterly loss might be enough for a lot of investors to fold, one thing 2018 taught us is that the cryptocurrency market is not for the faint of heart. And so, despite the $76.65 million loss Galaxy Digital Holdings suffered in the third quarter of 2018 - and  $136 million in total trading losses through December
Bitcoin Blockchain – Experts Commentary on the 10th Anniversary
Today marks the 10th anniversary since Satoshi mined the first block – or genesis block – of the bitcoin blockchain. vjkombajn / Pixabay Please see comments below from several experts in the blockchain space – including representatives from Mysterium Network, Social Alpha Foundation, INVAO, DSTOQ, Zilliqa, Propy, Ambrosus, and Gibraltar Stock Exchange – who have provided their insight on the
6 Trends That Will Define Smart Cities in 2019
The following excerpt is courtesy of Smart Cities Dive and was written by Kristin Musulin and Chris Teale . Follow the link below to read the full article. As we usher in a new year, the trends that shaped cities in 2018 are bound to have a ripple effect on the innovations that bloom in 2019. Now that dockless vehicles