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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
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
MIT Report: Blockchain Will Become Boring in 2019 - And That's Not a Bad Thing
One of our top four storylines to watch in 2019 already includes the growth of blockchain beyond cryptocurrencies, and now we've got even more reason to be bullish on this development happening: According to the very smart people at the Massachusetts Institute of Technology, this will be the year that blockchain actually becomes normalized. In an article for the MIT
Report: Facebook's Blockchain Group is Trying to Ramp Up Staff - But it's Meeting Some Resistance
Facebook's secret blockchain group is in the midst of an aggressive hiring push, sending "staffers to crypto conferences around the world to recruit researchers, cryptographers, and top academics in the field," Cheddar reports. There's only one problem: With Facebook's reputation at its lowest point right now - given a succession of scandals that are mostly tied to its mishandling of
Despite Attracting A-List Investors, Basis Has Shutdown its Stablecoin Project
Basis, the New Jersey-based crypto startup that was working on developing a stablecoin - and had attracted a number of A-List investors in short order - has announced that it is returning all money to investors and shutting down. The company blamed regulatory challenges for its demise, noting in a statement that "having to apply US securities regulation to the
S.E.C. Chief Says ICOs Are a Good Way to Raise Capital - As Long as Security Laws Are Followed
To say the U.S. Securities and Exchange Commission has held a skeptical view of cryptocurrencies and initial coin offerings (ICOs) would be a major understatement. There have been the warnings to investors about the inherent risks of ICOs and cryptocurrency investment funds; the charges against ICOS for defrauding or misleading investors; and the pushback against celebrity endorsed coin offerings. Speaking
3 Takeaways From Bitcoin's Bad Year
It was at an investor conference in New York back in September 2017, as Bitcoin was surging toward record highs and pulling other cryptocurrencies up along with it, that JPMorgan chief executive Jamie Dimon declared Bitcoin to be "a fraud," asserting that the world's largest cryptocurrency by market value was "worse than the tulip bulbs." Dimon was, of course, referencing